Page 6: of Maritime Reporter Magazine (May 1995)

MarAd News

Lykes Seeks Waiver For Pact

With Evergreen

Lykes Bros. Steamship Co., Inc., has asked the Maritime Adminis- tration (MarAd) for a waiver needed to permit the company to participate in a reciprocal space charter, sail- ing, and cooperative working agree- ment with Evergreen Marine Corp., in the U.S. foreign commerce.

Section 804 (a) of the Merchant

Marine Act, 1936, as amended, pre- cludes subsidized U.S.-flag operators or their affiliates from operating for- eign-flag vessels which compete with essential U.S.-flag shipping services unless the Secretary of Transportation waives the provision of this section for a specific period of time. Lykes has

STABLE INVESTMENTS

WITH MANY 120 PASSENGER - FAST CATAMARAH HARBOR COMMUTER FERRY

FERRIES FROM PBI ARE

INVESTMENTS IN PROVEN ASSETS. * QUALITY

A. INTEGRITY ^ EXPERIENCE ^ PROVEN DESIGNS

TIMELY DELIVERY * CUSTOMER SATISFACTION m,

Peterson Builders, Inc.

P.O. Box 650 STURGEON BAY, WISCONSIN 54235-0650 (414) 743-5574 FAX: (414) 743-4784 360 PASSENGER - FAST CATAMARAN COASTAL PASSENGER FERRY

Circle 258 on Reader Service Card asked for a section 804 waiver to participate in the agreement, through the expiration of its op- erating differential subsidy (ODS) agreement on December 31, 1997. According to Lykes, the agreement covers trade be- tween the U.S. Gulf, East and

West Coasts and North Europe.

The typical itinerary for Lykes'

U.S. Gulf and East Coast/North

Europe vessel is Galveston, New

Orleans, Miami, Charleston,

Norfolk, New York, Boston,

Antwerp, Bremerhaven,

Felixstowe, LeHavre and Bos- ton. The Evergreen service cov- ered by the agreement would be provided by the vessels dedicated to its round-the-world service.

Evergreen's westbound transat- lantic service typically calls Ham- burg, Thamesport, Rotterdam,

Antwerp, LeHavre, New York,

Norfolk, Charleston, and Long

Beach before proceeding west across the Pacific. Lykes pointed out that the agreement is in- tended to permit Lykes to achieve better utilization of the vessels committed to North Atlantic ser- vices by establishing a course of slot chartering business with

Evergreen.

Title XI Funding

T.T. Barge Services Seeks

Title XI Guarantees

The Maritime Administration (MarAd) has received an appli- cation from T.T. Barge Services,

Inc., Mile 125, Harahan, La., for a Title XI guarantee to aid in financing shipyard moderniza- tion. The scheduled date for completion is January 1996. The estimated guarantee amount is for $2,625,000 of the total esti- mated actual cost of $3,100,000, with a loan term of 25 years.

Smith/Enron Cogeneration

Seeks $80M In Guarantees

MarAd has received an ap- plication from Smith/Enron Co- generation Limited Partnership,

Houston, Texas, for a Title XI guarantee to aid in financing two ABS-classed power barges.

The proposed builder is Trinity

Marine Group, Trinity Indus- tries, Inc., Beaumont, Texas. The barges would operate in the Do- minican Republic. One barge was delivered on May 5, 1994; the second was scheduled to be de- livered on April 15, 1995. The estimated guarantee amount is $80 million of the total estimated actual cost of $205 million, with a loan term of 12 years.

Alpha Marine Seeks $14 Million In Guarantees

MarAd has received an appli- cation from Alpha Marine Ser- vices, Inc., Galliano, La., for a

Title XI guarantee to aid in fi- nancing the construction of a

Deep Submergence Rescue Ve- 8 Maritime Reporter/Engineering News