Pasha Hawaii Transport Lines (PHTL), which is building a Jones Act Pure Car
and Truck Carrier
, at Halter Marine, reported that an important step in the creation of the ship - the keel laying - had taken place at Halter Marine.
At a partners' meeting held October 25, PHTL announced that on September 21 Halter Marine, Inc., under international standards, completed fabrication of the required percentage of the total hull weight of PHTL's new-build vessel --enabling the official laying of the ship's keel. Vessel construction began in mid-June 2000. In early January, 2001, The Pasha Group-Van Ommeren Shipping Joint Venture will
host a ceremonial celebration with Halter management and personnel to mark the setting of the first assembly on the shipway at Halter's yards in Pascagoula, Mississippi
. PHTL also announced the important milestone of its September 20 closing of MarAd's (U.S. Maritime Administration
) Title XI financing, with the sale of $71 million in the bond market at very favorable pricing.
The 579-ft. U.S. Flag Jones Act pure car and truck carrier is on budget and ahead of schedule for launching its U.S. West Coast
-Hawaii service in the spring of 2002.
Based in Corte Madera, California
, The Pasha Group
is a transportation and logistics company with more than 50 years' experience in vehicular transportation.