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MarAd News Lykes Seeks Waiver For Pact With Evergreen Lykes Bros. Steamship Co., Inc., has asked the Maritime Adminis- tration (MarAd) for a waiver needed to permit the company to participate in a reciprocal space charter, sail- ing, and cooperative working agree- ment with Evergreen Marine Corp., in the U.S. foreign commerce. Section 804 (a) of the Merchant Marine Act, 1936, as amended, pre- cludes subsidized U.S.-flag operators or their affiliates from operating for- eign-flag vessels which compete with essential U.S.-flag shipping services unless the Secretary of Transportation waives the provision of this section for a specific period of time. Lykes has STABLE INVESTMENTS WITH MANY 120 PASSENGER - FAST CATAMARAH HARBOR COMMUTER FERRY FERRIES FROM PBI ARE INVESTMENTS IN PROVEN ASSETS. * QUALITY A. INTEGRITY ^ EXPERIENCE ^ PROVEN DESIGNS TIMELY DELIVERY * CUSTOMER SATISFACTION m, Peterson Builders, Inc. P.O. Box 650 STURGEON BAY, WISCONSIN 54235-0650 (414) 743-5574 FAX: (414) 743-4784 360 PASSENGER - FAST CATAMARAN COASTAL PASSENGER FERRY Circle 258 on Reader Service Card asked for a section 804 waiver to participate in the agreement, through the expiration of its op- erating differential subsidy (ODS) agreement on December 31, 1997. According to Lykes, the agreement covers trade be- tween the U.S. Gulf, East and West Coasts and North Europe. The typical itinerary for Lykes' U.S. Gulf and East Coast/North Europe vessel is Galveston, New Orleans, Miami, Charleston, Norfolk, New York, Boston, Antwerp, Bremerhaven, Felixstowe, LeHavre and Bos- ton. The Evergreen service cov- ered by the agreement would be provided by the vessels dedicated to its round-the-world service. Evergreen's westbound transat- lantic service typically calls Ham- burg, Thamesport, Rotterdam, Antwerp, LeHavre, New York, Norfolk, Charleston, and Long Beach before proceeding west across the Pacific. Lykes pointed out that the agreement is in- tended to permit Lykes to achieve better utilization of the vessels committed to North Atlantic ser- vices by establishing a course of slot chartering business with Evergreen. Title XI Funding T.T. Barge Services Seeks Title XI Guarantees The Maritime Administration (MarAd) has received an appli- cation from T.T. Barge Services, Inc., Mile 125, Harahan, La., for a Title XI guarantee to aid in financing shipyard moderniza- tion. The scheduled date for completion is January 1996. The estimated guarantee amount is for $2,625,000 of the total esti- mated actual cost of $3,100,000, with a loan term of 25 years. Smith/Enron Cogeneration Seeks $80M In Guarantees MarAd has received an ap- plication from Smith/Enron Co- generation Limited Partnership, Houston, Texas, for a Title XI guarantee to aid in financing two ABS-classed power barges. The proposed builder is Trinity Marine Group, Trinity Indus- tries, Inc., Beaumont, Texas. The barges would operate in the Do- minican Republic. One barge was delivered on May 5, 1994; the second was scheduled to be de- livered on April 15, 1995. The estimated guarantee amount is $80 million of the total estimated actual cost of $205 million, with a loan term of 12 years. Alpha Marine Seeks $14 Million In Guarantees MarAd has received an appli- cation from Alpha Marine Ser- vices, Inc., Galliano, La., for a Title XI guarantee to aid in fi- nancing the construction of a Deep Submergence Rescue Ve- 8 Maritime Reporter/Engineering News
