Page 8: of Maritime Reporter Magazine (January 1996)

Maritime Administration News

Permission Sought

Aquarius seeks Maritime

Subsidy Board OK

Aquarius Marine Co. and Atlas

Marine Co. have asked the

Maritime Subsidy Board for con- tractual authority to use operat- ing-differential subsidy (ODS) which has been available but not used under two subsidy contracts.

The vessels covered under these contracts were the American

Heritage, Golden Monarch and

Charleston, under a subsidy-shar- ing arrangement.

The companies request each con- tract be extended by four years, to expire October 15, 1999, and

December 30, 2000. Subsidy would not be paid for more than 1,188 voyage days of operations in subsi- dized service during the additional term, under whichever of the two contracts such operations may take place. In the alternative,

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Aquarius and Atlas request a new four-year ODS contract covering the operations of the Charleston.

The applicants state the Amer- ican Heritage, which entered sub- sidized service in 1976, was with- drawn, sold, and scrapped in 1994.

The Golden Monarch entered ser- vice in 1975. It was withdrawn, sold, and transferred to foreign registry earlier this year. The

Charleston entered subsidized ser- vice in 1993.

In addition, the applicants advise that the American Heritage per- formed no subsidized service after

June 5, 1993, and the Golden

Monarch operated sometimes in and sometimes out of subsidized service after October 25, 1992. As a result, they say, the two vessels will have accumulated more than 2,500 voyage days of "unused sub- sidy."

They further advise that allowing for the absorption of 1,370 of these unused days by subsidized opera- tions of the Charleston, there still would remain 1,188 unused days of entitlement to subsidy. They are, therefore, proposing that the con- tracts be extended to enable them to absorb the 1,188 days by contin- uing the subsidized operation of the Charleston.

Companies seek ODS OK

Margate Shipping Co. and Chest- nut Shipping Co. have asked the

Maritime Subsidy Board for con- tractual authority to use operat- ing-differential subsidy (ODS), which has been available but not used under two subsidy contracts.

The companies request each con- tract be extended by five years — or in the alternative, a new five- year ODS agreement — for the purpose of using the available unused days. In connection with their request, the applicants asked the board to extend the subsidiz- able lives on five vessels, so that the vessels would remain eligible to operate with ODS under the extended contracts, or new con- tracts, as the case may be. The vessels and extended dates are noted below. They include:

Vessel Extended Date

Coronado December 28,1998

Cherry Volley July 10,1999

Chelsea February 28,2000

Chestnut Hill December I, 2001

Kittanning March 1,2002

Noble wants to transfer units to Panamanian registry

Noble Offshore Corp., Houston, has asked permission from MarAd to transfer to Panamanian registry three mobile offshore drilling units. The units are the 4,816-gt

Ed Holt; 4,783-gt Lloyd Noble; and the 4,469-gt Tommy Craighead.

The units were built in Browns- ville, Texas, in 1984; in Vicksburg,

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