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Herberger: Title XI Critical To Continued U.S. Commercial Shipbuilding To help ensure that the commer- cial shipbuilding rebound contin- ues in the U.S., Maritime Administrator Radm. Albert Herberger recently testified before the Subcommittee on Commerce, Justice, State and Judiciary of the Committee on Appropriations of the U.S. House of Representatives, to propose the Maritime Administration's (MarAd) FY '97 budget request. A centerpiece of his presentation was the request for $44 million to fund and administer the Title XI loan guarantee program. According to the Maritime Administrator, "The Maritime Administration's fiscal year 1997 budget request reflects the President's commitment to main- taining the status of the United States as a maritime nation." He further added, "In the absence of timely sealift, the strategic concept of power projection of heavy forces and global reach will be merely hypothetical. 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RETRACTABLE AZIMUTH THRUSTERS Additional propulsion for research vessels, hydrographic vessels, offshore vessels, and any application with D.P. control. HRP BOWTHRUSTERS Transverse tunnel thrusters for fishing craft, coasters, luxury yachts, dredgers. Use our expertise for your application. HOLLAND ROER- PROPELLER HRP - USA NEW ORLEANS, LA 70072 TEL: 504-347-0017 HRP - NETHERLANDS KRIMPEN AAN DE LEK TEL:+31 1807-19988 68 Circle 331 on Reader Service Card Circle 273 on Reader Service Card Military Security Program According to MarAd, a key ele- ment of this year's budget is the Maritime Security Program (MSP). The organization contends the new program will foster a mod- ern, competitive American mer- chant marine at substantially lower costs than the existing oper- ating-differential subsidy (ODS) program and seeks to ensure the continued operation of merchant ships under the American flag. The program also provides supple- mental sealift capacity and an intermodal system which can be made available when needed to support the nation's armed ser- vices. MSP will be financed by budget authority subject to annual appro- priations, and MarAd is requesting $100 million for FY '97 to support this critical program. The MarAd budget also supports the National Shipbuilding Initiative (NSI) through its fund- ing requests for Title XI and research and development pro- grams. With the enactment of this initiative, MarAd is seeking an unprecedented increase in com- mercial shipbuilding projects. Since the enactment of NSI in 1993, MarAd has approved more than $1.5 billion of Title XI financ- ing for 144 vessels and three ship- yard modernization projects as of February 23, 1996. Included among these approvals were 13 double hull tankers. MarAd con- tends that the funding for the cost- shared, cooperative research and development program will not only help the U.S.' economic trade and national security interests, it is necessary for helping U.S. yards effectively contend with interna- tional competitors. An appropriation of $44 million is requested for subsidy costs and administrative expenses associat- ed with new loan guarantee com- mitments for FY '97. Of the total, $40 million is required to cover subsidy costs and $4 million is to cover administrative costs. These resources will permit loan guaran- tees of about $570 million during FY '97 to strengthen America's shipyards and introduce newer, more efficient ships into the fleet. Ptlemus Approved To Sell Tanker Ptlemus Brothers Shipping, Inc. received approval to sell 20,020-gt tanker Sabine to Amber Sea Navigation, a Maltese corporation. The vessel will be transferred to Belize registry. Lykes Given OK To Sell Barge Lykes Bros. Steamship Co. received approval to sell 10,796-gt barge Lykes Innovator to Desguaces Metalicos Y Rela- Maritime Reporter/Engineering News
