Page 65: of Maritime Reporter Magazine (June 1996)

GteaoiDQ Safes

This report, compiled by Shipping Intelligence, Inc., a New York maritime consulting firm, tracks sale prices of second- hand bulk carriers and tankers. For more information, call (212) 997-0966.

Date Reported Vessel Name Vessel Type DWT Year Built Sale Price (M) 5/7/96 Couper Bulker 16,687 71 $.9 5/13/96 Leontus Bulker 17,016 71 $1.5 5/7/96 Ciovo Bulker 17,726 77 $3.1 4/29/96 Ocean Garuda Bulker 17,727 81 $4.25 5/10/96 Clipper Dream Bulker 18,300 86 $8 5/7/96 Rubies Bulker 18,352 77 $3.5 4/26/96 Kakushima Bulker 21,654 85 $9.1 4/22/96 Polarqueen Bulker 21,978 84 $9 4/29/96 Ever Access Bulker 25,299 70 $2.5 4/22/96 Tupi llha Bela Bulker 26,223 81 $4.9 5/10/96 Aspis Bulker 27,000 75 $4.1 5/13/96 Sanko Peace Bulker 27,562 84 $10.9 4/29/96 Flecha Bulker 30,909 74 $4.9 4/22/96 Soldrott Bulker 34,889 73 $3 5/10/96 Fortune Bay Bulker 38,400 74 $3.8 5/13/96 Chkalovsk Bulker 39,407 78 $7 4/29/96 Western Village Bulker 41,084 85 $13.5 4/22/96 Bulk Galaxy Bulker 42,586 85 $13.5 4/29/96 Toscana Bulker 50,202 76 $5 4/26/96 Callisto Bulker 62,593 73 $3.4 4/29/96 Infra Tanker 12,734 85 $14 5/10/96 Verdi Tanker 32,214 75 $4.9 4/22/96 Nissos Therassia Tanker 90,841 79 $7.35 4/22/96 Sologne Tanker 135,500 77 $7.25

Hyundai Merchant Marine

Selects Port Of Tacoma

The Port of Tacoma received notice from Hyundai Merchant

Marine that the company intends to move to the Port of Tacoma.

The Port of Tacoma has been talking to Hyundai for more than two years concerning terminal, intermodal facility and expansion opportunities. Hyundai recently expressed intent to occupy the

Port's West Blair Terminal, a new 50 to 100-acre container terminal that the Port is developing on the

Upper Blair Waterway. The development cost for the new ter- minal is approximately $65 mil- lion.

The Port's recent dredging, deep- ening and widening work on the

Blair Waterway, along with the removal of the Blair Bridge (planned for early 1997) all help set the stage for additional Port growth on the Upper Blair.

Alliance Newfoundland To

Perform Design Study For

Terra Nova Field

Alliance Newfoundland, a con- sortium including Fluor Daniel

Inc., was selected by Petro-Canada to perform a design study for the

Terra Nova oil field development, located in the Grand Banks area off the east coast of

Newfoundland, Canada. The

Terra Nova oil field is estimated to have 400 million barrels of oil reserves. The Fluor Daniel-led team is comprised of four leading companies who have experience in offshore field development under harsh environmental circum- stances. The alliance will conduct technical work to identify the opti- mum floating production system for developing the Terra Nova oil field. Petro-Canada has selected three alliance teams for the com- petitive design study and will chose the preferred development option and alliance group by early 1997. Members include: • Fluor Daniel Canada, Inc., the overall project manager, which will provide engineering and con- struction services to the project; • Maersk Company Canada Ltd., a leader in the exploration for and production of oil and gas, and shipbuilding, aviation and elec- tronic data process services; • Bouygues Offshore, one of the world's largest construction con- glomerates known for its experi- ence in the design and construc- tion of concrete floaters, both semisubmersibles and monohulls; • Subsea Technologies and

Reservoir Team (START), an alliance between Schlumberger

Oilfield Services Newfoundland,

ABB Vetco Gray Canada and

Baker Hughes Canada, which will provide world-class integrated well services, well construction and subsea capabilities.

KINSMAN HAWK AND CONDOR

Bay transportation Corp., d/b/a St. Philip Towing,

Tampa, Florida

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