[Federal Register Volume 60, Number 215 (Tuesday, November 7, 1995)]
[Notices]
[Pages 56184-56185]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27531]
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DEPARTMENT OF TRANSPORTATION
Maritime Administration
[Docket S-926]
American President Lines, Ltd.; Notice of Application
American President Lines, Ltd. (APL), by application of October 23,
1995, requests approval to permit the planned sale by APL to Matson
Navigation Company, Inc. (Matson), and the subsequent interim bareboat
charter by APL from Matson, of six vessels that are currently included
as subsidized vessels in APL's Operating-Differential Subsidy Agreement
(ODSA), Contract MA/MSB-417 and that are subject to Construction-
Differential Subsidy Agreements to which APL is a party or under which
APL has assumed obligations. The six vessels are the PRESIDENTS
LINCOLN, WASHINGTON, MONROE, HOOVER, GRANT, and TYLER.
The sale and interim bareboat charters are integral parts of a
broader agreement between APL and Matson pursuant to which Matson will
operate four of the six named vessels on transPacific voyages on which
APL will charter slots for the carriage of U.S. foreign commerce cargo.
In brief, APL and Matson have entered into an agreement, pursuant to
which the six above-named vessels will be sold to Matson on or about
January 2, 1996, the vessels will be immediately bareboat chartered
back to APL for continued operation under APL's ODSA for interim
periods of several months or less and following termination of the
interim bareboat charters, Matson will operate four of the six vessels
(plus a fifth vessel currently owned by Matson) in a weekly, U.S.-flag
transPacific service calling Hawaii, Guam and foreign ports in the Far
East. Under the agreement, Matson will operate this weekly service, on
which APL will charter slots for the carriage of U.S.-foreign commerce
cargo, for a period of ten years.
This application may be inspected in the Office of the Secretary,
Maritime Administration. Any person, firm, or corporation desiring to
submit comments concerning the application must file written comments
in triplicate with the Secretary, Maritime Administration, Room 7210,
Nassif Building, 400 Seventh Street SW., Washington, D.C. 20590.
Comments must be received no later than 5:00 p.m. on November 17, 1995.
Publication of this notice should in no way be considered a favorable
or unfavorable decision on the application, as filed or as may be
amended. The Maritime Administrator/Maritime Subsidy Board will
consider any comments submitted
[[Page 56185]]
and take such action with respect thereto as may be deemed appropriate.
(Catalog of Federal Domestic Assistance Program No. 20.804
(Operating-Differential Subsidies))
Date: November 2, 1995.
By Order of the Maritime Administrator.
Joel C. Richard,
Secretary.
[FR Doc. 95-27531 Filed 11-6-95; 8:45 am]
BILLING CODE 4910-81-P
