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transportation systems as well as their ships available to the U.S. government during national emer- gencies. MarAd's action on Lykes' appli- cation is in the form of a waiver of section 804(a) of the Merchant Ma- rine Act of 1936, as amended. Sec- tion 804 prohibits a subsidized op- erator from operating a foreign- flag vessel which competes with any essential American-flag service unless a waiver is granted under special circumstances and for good cause. Bender To Build Tug Pending Title XI Funding The Maritime Administration (MarAd) has received an applica- tion from Astro Offshore Corp., Nassau, Bahamas, for a Title XI guarantee to aid in financing the construction of one anchor han- dling/tug supply vessel. The pro- posed builder of the tug is Bender Shipbuilding & Repair Co., Inc., Mobile, Ala. The tug would operate in Brazil. The scheduled delivery date of the tug is 15 months after financial closing. The estimated guarantee amount is for $22,207,500 of the total estimated actual cost of $25,380,000, with a loan term of 12 years. MarAd OKs Sales Of 17,134-gt Tanker MarAd has given approval to the Bank of New York, N.Y., as owner/ trustee, to sell the 17,134-gt tanker Sealift Arabian Sea to Sophil Mari- time S.A., a Panamanian corpora- tion. The vessel was built in 1975 in Los Angeles, Calif., and will be transferred to Panamanian regis- try. MarAd permission is required under section 9 of the Shipping Act, 1916, as amended. Application Received To Transfer Vessels To Panamanian Registry MarAd has received an applica- tion from Diamond Offshore Gen- eral Co., Houston, Texas, for per- mission to transfer to Panamanian registry the 5,829-gt Ocean Epoch and the 5,875-gt Ocean General. The vessels were built in 1977 and 1976 in Mobile, Ala., respectively. If approved, the vessels would be used in offshore drilling. Bank Of N.Y. Seeks "OK" To Sell Vessels The Bank of New York, as owner trustee, New York, NY, has asked MarAd for permission under sec- tion 9 of the Merchant Marine Act, 1916, as amended, to sell the follow- ing vessels: April, 1995 Circle 348 on Fleader Service Card 39 Proposed Purchaser Santa Monica International Name When Built Maritime S.A. SEALIFT CHINA SEA 1975 17,134 Santa Anna Maritime S.A. SEALIFT INDIAN OCEAN 1975 17,134 MAVRA Maritime S.A. SEALIFT ATLANTIC 1974 17,157 Vandou Maritime S.A. SEALIFT ARCTIC 1974 17,157 Santa Sophia Maritime S.A. SEALIFT CARIBBEAN 1975 17,157 San Marco Maritime S.A. SEALIFT MEDITERRANEAN 1974 17,157 Renata InternationalMaritime S.A. SEALIFT ANTARCTIC 1974 17,157 McDermott Seeks Permission To Sell Barges MarAd has received an applica- tion from McDermott, Inc., New Orleans, to sell the 10,934-gt con- struction barges McDermott Lay Barge No. 30 and McDermott Der- rick Barge No. 27. The proposed purchaser is Hydro Marine Services, (Continued on page 17) There is only one world leader in boat every service need, from fishing vessels to shafting, one original AQUAMET®, and it is pleasure craft, from work boats to naval craft only available from these licensed distribu- and other ocean-going vessels. For informa- tors: Esco, J. M. Tull and Western Branch tion, call one of our authorized distributors Metals. AQUAMET sets the and talk to the only people who standard for excellence and A^^VI |A II I® stock the original AQUAMET dependability in virtually / vdUii for immediate delivery. 1 J J BOAT SHARING 1 CCrucible Materials 'mfwtk\ TIME TO TRUST THE ORIGINAL. % W-
