View non-flash version
Estimated Foreign Cost Of Two LNG Carriers $115.5 Million Each The Maritime Subsidy Board (MSB) has issued a final opinion and order in Docket No. A-117, concerning determination of the estimated foreign construction cost of two 125,000-cubic-meter liquefied natural gas (LNG) vessels. The determination was made in connection with the ap- plication by LACHMAR, Inc. for construction-differential subsidy (CDS) to aid in the construction of two such vessels. The MSB made the following determinations, among others: (1) That Western Europe is the fair and representative shipbuild- ing center on which to base the estimated foreign construction cost of the vessels; and (2) That the estimated final foreign price for the construction in Western Europe of the two vessels would be $115.5 million each. The determinations were made pursuant to Section 502 (b) of the Merchant Marine Act of 1936, as amended, which requires that the fair and reasonable estimated for- eign cost be determined by find- ing: the type of vessel proposed for construction with CDS assist- ance; and the fair and represent- ative foreign shipbuilding center for the presumed construction under similar plans and specifi- cations (excluding national de- fense features). On July 23, 1976, pursuant to the direction of the MSB, a notice was published in the Federal Reg- ister of the intent to recompute the estimated foreign cost of the vessels. Comments from inter- ested parties were invited. Data were received from Morgas, Inc. on behalf of LACHMAR. The two LNG vessels are to be constructed for LACHMAR at a negotiated estimated final price of $155 million each by General Dynamics Corporation's Quincy, Mass., shipyard. LACHMAR is a partnership consisting of Morgas, Inc., Pantheron, Inc., and Pelmar, Inc. They are subsidiaries of Moore-McCormack Bulk Trans- port, Inc., General Dynamics Cor- poration, and Panhandle Eastern Pipe Line Company, respectively. Upon completion in December 1979, and March 1980, the ships will be operated by Gastrans, Inc., which is also a subsidiary of Moore-McCormack Bulk Trans- port. The ships will be used to carry LNG from Algeria to Lake Charles, La. Each of the two vessels will be 936 feet long, 143 feet abeam, and have a draft of 36 feet. Capt. Edward W. Knutsen Capt. Edward W. Knutsen has been elected a vice president of Marine Transport Lines (MTL), 60 Broad Street, New York, N.Y. 10004, with primary responsibil- ity in the area of administration. Fred S. Sherman, chairman of the board of MTL, who announced the election, noted that Captain Knutsen brings an extensive mar- itime background to his new as- signment. Prior to joining MTL, a subsidiary of GATX Corpora- tion, Chicago, 111., Captain Knuts- en sailed as a master of American merchant vessels, and served ashore with steamship industry and as Assistant Superintendent and Commandant of Midshipmen at the United States Merchant Marine Academy. Captain Knutsen holds a B.S. degree from the U.S. Merchant Marine Academy, and a Master of Business Administration de- gree from Pace University. He is active in the U.S. Naval Reserve, and the Council of American Mas- ter Mariners. FROM HUGHES! Whether you need—barges, scows, derricks, dumpers, work boats, tugs ... whatever the job, Hughes has the right marine equipmentto help you do the job efficiently—and profitably. All at reasonable charter rates to meet your need and schedule. Call us. HUGHES BR0S..NC 17 Battery Place, New York, N.Y. 10004 • (212) 425-2350 Clearing house for marine difficulties since 1894 Capt. Edward Knutsen Named Vice President Marine Transport Lines JHKW*~ 94 14 Maritime Reporter/Engineering News
