Maritime Reporter, March 1983

<BODY> <div> Interocean Steamship Buys Lykes Steamship For $150-Million W.J. Amoss Jr., president and chief executive officer of Lykes Bros. Steamship Co., Inc., New Orleans, La., announced recently that the purchase of Lykes Steamship by Interocean Steam- ship Corp. from The LTV Cor- poration has been completed. The sale price was $150 mil- lion including $85 million in cash. Interocean is a Florida company owned by Lykes Bros. Inc., of Florida, Mr. Amoss, and two oth- er Lykes Steamship senior exec- utives, Robert J. Brennan and Eugene F. McCormick. Lykes Bros. Inc., based in Tampa, is the original parent company of Lykes Steamship. LTV and Lykes Corp., of which Lykes Steamship was a subsid- iary, merged in December of 1978. Mr. Amoss said: "Lykes Steamship will continue to pro- vide the shipping public with the efficient, responsive service it has come to associate with Lykes. "We have enjoyed our associ- ation with the LTV Corporation," Mr. Amoss continued. "Our rela- tionship was always a good one. LTV gave us considerable free- dom in both day-to-day opera- tions and long-range develop- ment. As a result of the associ- ation, Lykes is a disciplined, quantitative-oriented organiza- tion. "We are very enthusiastic about Lykes's future," the chief executive officer said. "Because of the sale, we will have the flexibility to devote our resources to vessel replacement and ex- pect to move ahead with the fleet replacement program we already have in a development stage. Lykes Steamship, based in New Orleans, operates a fleet of 46 U.S.-flag cargo ships on trade routes covering the U.S. Gulf, West, and South Atlantic coasts, the Great Lakes and St. Law- rence Seaway, Northern Europe and the United Kingdom, the Mediterranean, South and East Africa, the west coast of South America, and the Far East. Lykes Steamship has been in service for more than 80 years. Among the innovations it introduced into shipping was the SEABEE barge, container, and heavy lift vessel. Climax Offers 56-Page Publication On Super 12 Percent Cr Steels Climax Molybdenum Company of Ann Arbor, Mich., a unit of Amax Inc., has released "The Super 12% Cr Steels — An Up- date." The 56-page publication con- tains information on currently available Super 12 percent Cr steels, their physical and me- chanical properties, standards and specifications, producers, cor- rosion and oxidation resistance, and fabrication properties. This update is intended as a supple- ment to "The Super 12% Cr Steels" by J.Z. Briggs and T.D. Parker. This is a detailed, extremely informative report containing thousands of facts, charts, graphs, etc. For a free copy, Write 74 on Reader Service Card Union Carbide Seeks $80-Million Title XI For Product Tanker Union Carbide Marine Fleet, Inc., a subsidiary of Union Car- bide Corp., Danbury, Conn., and Marine Chemical Steamship Co., Inc., a subsidiary of Marine Transport Lines, Inc., New York, N.Y., have applied for a Title XI guarantee to aid in financing the construction of a 35,000-dwt chemical and product carrier. The steam-turbine, 17,500 shp vessel, to be named the Chemi- cal Pioneer, is expected to oper- ate on the U.S. Gulf and East Coasts and to and from Puerto Rico. Newport News Shipbuild- ing, Newport News, Va., is build- ing the tanker. Delivery is set for August. If approved, the Title XI guarantee would cover $80,- 813,000 of the estimated actual cost of $132,219,000. Radio-Holland. Wbrld Class Service. Whichever way you read it—with the accent on world or on class—that's Radio- Holland. We have six decades of marine electronics sales and service experience all over the world. Now this same high quality effort is available in most major U.S. ports. Just a single call can arrange for purchase of the most advanced navigation and communication systems available anywhere today. The same call can arrange for service at any location worldwide. Whether you need sales or service you'll get the same courteous attention you'd expect from a company that was in business when your father was at sea. Radio-Holland: covering the U.S. and the rest of the world. Call or write today. RADIO-HOLLAND USA, INC. 6033 South Loop East Houston, TX 77033 Tel. (713) 649-1048 / Telex 795438 U.S. Depots: New York, NY—(212)-406-0550 / Telex 971618 Norfolk, VA—(804)-625-0851 / Telex 823664 Ft. Lauderdale, FL—(305)-467-3580 / Telex 523793 Mobile, AL—(205)-432-3109 / Telex 782737 New Orleans, LA— (504)-733-4024 / Telex 784433 Corpus Christi, TX—(512)-851-9390 Also in: The Netherlands, Caribbean, Venezuela, Singapore, Indonesia, Hong Kong, Shanghai, South Africa March 15, 1983 Write 488 on Reader Service Card 39 </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>