Page 11: of Maritime Reporter Magazine (April 1995)

transportation systems as well as their ships available to the U.S. government during national emer- gencies.

MarAd's action on Lykes' appli- cation is in the form of a waiver of section 804(a) of the Merchant Ma- rine Act of 1936, as amended. Sec- tion 804 prohibits a subsidized op- erator from operating a foreign- flag vessel which competes with any essential American-flag service unless a waiver is granted under special circumstances and for good cause.

Bender To Build Tug Pending

Title XI Funding

The Maritime Administration (MarAd) has received an applica- tion from Astro Offshore Corp.,

Nassau, Bahamas, for a Title XI guarantee to aid in financing the construction of one anchor han- dling/tug supply vessel. The pro- posed builder of the tug is Bender

Shipbuilding & Repair Co., Inc.,

Mobile, Ala. The tug would operate in Brazil.

The scheduled delivery date of the tug is 15 months after financial closing. The estimated guarantee amount is for $22,207,500 of the total estimated actual cost of $25,380,000, with a loan term of 12 years.

MarAd OKs Sales Of 17,134-gt Tanker

MarAd has given approval to the

Bank of New York, N.Y., as owner/ trustee, to sell the 17,134-gt tanker

Sealift Arabian Sea to Sophil Mari- time S.A., a Panamanian corpora- tion. The vessel was built in 1975 in

Los Angeles, Calif., and will be transferred to Panamanian regis- try. MarAd permission is required under section 9 of the Shipping Act, 1916, as amended.

Application Received To

Transfer Vessels To

Panamanian Registry

MarAd has received an applica- tion from Diamond Offshore Gen- eral Co., Houston, Texas, for per- mission to transfer to Panamanian registry the 5,829-gt Ocean Epoch and the 5,875-gt Ocean General.

The vessels were built in 1977 and 1976 in Mobile, Ala., respectively.

If approved, the vessels would be used in offshore drilling.

Bank Of N.Y. Seeks "OK" To

Sell Vessels

The Bank of New York, as owner trustee, New York, NY, has asked

MarAd for permission under sec- tion 9 of the Merchant Marine Act, 1916, as amended, to sell the follow- ing vessels:

April, 1995

Circle 348 on Fleader Service Card 39

Proposed Purchaser

Santa Monica International

Name When Built

Maritime S.A. SEALIFT CHINA SEA 1975 17,134

Santa Anna Maritime S.A. SEALIFT INDIAN OCEAN 1975 17,134

MAVRA Maritime S.A. SEALIFT ATLANTIC 1974 17,157

Vandou Maritime S.A. SEALIFT ARCTIC 1974 17,157

Santa Sophia Maritime S.A. SEALIFT CARIBBEAN 1975 17,157

San Marco Maritime S.A. SEALIFT MEDITERRANEAN 1974 17,157

Renata InternationalMaritime S.A. SEALIFT ANTARCTIC 1974 17,157

McDermott Seeks Permission

To Sell Barges

MarAd has received an applica- tion from McDermott, Inc., New

Orleans, to sell the 10,934-gt con- struction barges McDermott Lay

Barge No. 30 and McDermott Der- rick Barge No. 27. The proposed purchaser is Hydro Marine Services, (Continued on page 17)

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