MSC And Ocean Carriers Sign $250-Million T-5 Tanker Pact
A $250-million agreement between the Navy's Military Sealift Command (MSC) and Ocean Carriers Inc., of Houston, Texas, to charter five diesel powered T-5 tankers was signed in New York recently.
The five new 30,000-dwt clean product, icestrengthened ships will replace 25-year-old T-5 tankers currently owned by MSC and contract operated. Signing for MSC was Rear Adm. Warren C. Hamm Jr., MSC Commander, and for Ocean Carriers, Joe F.
Vaughan Jr., president.
Ocean Carriers was selected in September 1982 to receive a $104.1-million build and charter contract for the initial two T-5 tankers.
Options for three more ships were exercised in April 1983 at a five-year charter cost of $149.4 million. Each ship will be chartered for five years with three additional five-year options.
The first two tankers, to be built by American Ship Building Co., Tampa, Fla., will be delivered in January and April 1985, two more in 1985, and the last ship in early 1986.
The new tankers offer greatly increased fuel efficiency from the slow-speed diesel engines, decreased crew size due to automation, and approximately 12-percent greater cargo capacity.
After delivery of the new, the older T-5s will be placed in reserve.
Other stories from August 1983 issue
- IThe First Annual International Inland Waterways Conference & Trade Show page: 6
- NASSCO Holds Christening For Second Ingram-Class Tanker page: 14
- Dravo Offers Free 66-Page Color Brochure Describing Towboat & Barge Designs page: 15
- Genstar Appoints West Executive Vice President page: 15
- SNAME Panel SP-8 Members Survey NASSCO's Productivity Gains page: 16
- Oerlikon Opens $7-Million U.S. Manufacturing And Laboratory Plant For Welding Consumables page: 17
- Moran Appoints Two Top Executives page: 18
- Moss Point Marine Delivers Nicor Clipper- Largest Offshore Tug/Supply Vessel Built In The U.S. page: 22
- Lehman N a m e d Manager M a r i n e A n d Industrial Sales At E l e c t r o - M o t i ve page: 23
- M i d l a n d A f f i l i a t e d O f f e rs Brochure O n Inland W a t e r w a y s Services page: 23
- DECK MACHINERY A REVIEW page: 24
- Swiftships Delivers Second 117-Foot Tug To Otto Candies page: 52
- First Guyed Tower Platform Installed In Gulf of Mexico page: 52
- $ 4 - M i l l i o n C o n t a i n e r s h i ps S e p a r a t o r C o n t r a ct A w a r d e d A l f a - L a v al page: 53
- AWO Higher User Taxes Would Be Bad Economics page: 55
- Halter Marine Building Diesel-Electric Sternwheeler For 1984 World's Fair page: 58
- Newport News Completes Annual Overhaul Of Cruise Liner Veendam In 12 Days page: 63
- FMC Delivers Third Hydraulic Dump Barge To Smith-Rice page: 63
- $186-Million Contract To Convert Tanker Into Hospital Ship Awarded To National Steel page: 68
- Halifax Industries Celebrates Inauguration Of Floating Dock —Brochure Offered On Facilities page: 68
- Bender Delivers First Five Of Twenty Shrimp Boats For Guyana page: 69
- George Fegert Honored For Work With Shipyard Conference page: 74
- MSC And Ocean Carriers Sign $250-Million T-5 Tanker Pact page: 74
- Tuna Clipper Saves 80,000 Gallons Of Fuel On One Trip—Literature Available page: 74