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 f o r e i g n construction cost of two 125,000-cubic-meter liquefied natural gas (LNG) vessels. The determination was made in connection with the application 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 shipbuilding center on which to base the estimated f o r e i g n 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 foreign cost be determined by finding: the type of vessel proposed for construction with CDS assistance; and the fair and representative foreign shipbuilding center for the presumed construction under similar plans and specifications (excluding national defense features).
On July 23, 1976, pursuant to the direction of the MSB, a notice was published in the Federal Register of the intent to recompute the estimated foreign cost of the vessels. Comments from interested 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 Transport, Inc., General Dynamics Corporation, 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 Transport.
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.
Other stories from September 15, 1977 issue
- Estimated Foreign Cost Of Two LNG Carriers $115.5 Million Each page: 6
- Bethlehem Steel Names G.Y. Marriner Manager San Francisco Yard page: 7
- AMPAC To Build Four Container Feeder Ships At Cost Of $92 Million page: 7
- SNAME New York Section Announces Program For 1977/1978 Season page: 8
- Marathon Manufacturing Adds $61 Million To Drilling Rig Backlog page: 9
- Role Of Ro/Ro Shipping In Dry Cargo Trade page: 12
- Port Of New Orleans Presents Key To City To Egyptian Official page: 13
- Morris Guralnick Associates, Inc. Name Hubert E. Russell page: 14
- Hillman-Designed New Class Towboat Delivered To Exxon At Baton Rouge page: 19
- $45-Million Subsidy Repayment Approved page: 23
- Bethlehem Steel Shipbuilding Names Roland V. Danielson —Hollinshead De Luce Retires page: 26
- Perspectives On Third World Port Development page: 30
- Farrell Sale And Leaseback Agreement Approved By MarAd page: 32
- Delta Steamship Names Badger And Collins page: 32
- CCN Of Brazil Launches New Type Bulk Carrier page: 33
- 51st Annual Propeller Club Convention And 1977 American Merchant Marine Conference Set For Galveston, Texas, Oct. 10, 11, 12, 13 And 14 page: 34
- Bulletin Describes Heavy-Duty Oil Filtration Systems page: 35
- Eight-Page Brochure Describes National's Fully Hydraulic Cranes page: 35
- Todd Shipyards Los Angeles Division Lays Keel For First Of Six U.S. Navy Frigates page: 38
- MacGregor Slewing Ramps Successfully Tested page: 39
- Skagit Corporation Announces European Dealership Agreement page: 40
- FMC Marine & Rail Lays Keel For Ro/Ro Barge To Carry 374 Forty-Foot Truck Trailers page: 40
- Egyptian Shipyard Receives License To Build Willard Boats page: 42
- Bergeron Industries Names Captain Tatman page: 42
- Port Authorities (AAPA) 66th Annual Convention Set For Mexico City page: 43
- Tanker Design Change Approved By MSB page: 44
- Mitsubishi Receives Tug Barge Systems' License To Build page: 46
- Norshipco Dedicates New $5-Million Repair Pier page: 47
- Fetzner Named President Sun Trading & Marine page: 48
- Jane's Fighting Ships 1977-78 Revised Edition page: 49
- Stanford Research Awarded $271,000 For Firefighting Study page: 50
- Renegotiation Board Erred In Computing Lockheed Steel Usage page: 51
- Pott Industries Names Miller VP Offshore Marine Services Div. page: 54
- Capt. James F. McNulty New Dean At Maine Maritime Academy page: 56
- Richard Daschbach Named Federal Maritime Commission Chairman page: 57
- Keene Brochure Describes Marine Discharge Control System page: 57