MSB To Compute Estimated Foreign Cost Of Bulk Carriers

The Maritime Subsidy Board has authorized publication in the Federal Register of two notices of intent to compute the estimated foreign cost of (1) three 2,000-dwt breakbulk vessels, and (2) dry bulk carriers of 35,000 deadweight tons.

The first computation will be made in connection with a construction- differential subsidy (CDS) application filed by American Atlantic Shipping, Inc., Suite 1035, One World Trade Center, New York, N.Y. 10048. The ap- diplicant, a subsidiary of American Marine Industries, Inc., proposes to build three 2,000-dwt breakbulk vessels 288 feet long, having beams of 45 feet and drafts of 14.9 feet, and requiring 11 crewmen each.

The vessels will be operated between the U.S. Atlantic Coast and the Leeward and Windward Islands and the north coast of South America.

The second computation is not in response to an application for CDS, but is a preliminary step in a Maritime Administration effort to determine the domestic and foreign construction costs for dry bulk carriers. That effort is a response to one of the recommendations resulting from the National Assessment and Planning Conference on U.S.-flag Dry Bulk Shipping, which MarAd sponsored in July in Hyannis, Mass.

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