MARAD Approves Vessel Transfers

January 6, 2003

The U.S. Maritime Administration (MARAD) announced that it has approved requests for transfer and sale of five U.S. vessels, including a tanker and a cable ship.

They include: · K-Sea Transportation LLC, Staten Island, NY, has received approval to sell the 6,430-gross-ton tank barge, KTC-115 to McKeil Work Boats Ltd., a Canadian corporation, and transfer said Vessel to Canadian registry and flag. The vessel was built in 1968 in Avondale, LA.

· Nowitna Fisheries, LLC, Seattle, WA, has received approval to sell the 2,457-gross-ton freight, BARGE-I to Grupo Pesquero De California, S.A. de C.V., a Mexican corporation, and transfer said Vessel to Mexican registry and flag. The vessel was built in 1969 in Portland, OR.

· Marine Barge Company, LLC, Weehawken, NJ, has received approval to sell the 1,929-gross-ton barge, MBC-1 to Noroeste, S.A. de C.V., a Mexican company, and transfer said Vessel to Mexican registry and flag. The vessel was built in 1973 in Jefferson, LA.

· Eastern Overseas, Inc., Port Washington, NY, has received approval to sell the 22,357-gross-ton tanker, CHERRY VALLEY to Amantis International Pte. Ltd., a Singapore corporation, for scrapping in India. The vessel was built in 1974 in San Diego, CA.

· CS Charles L. Brown, L.P., Baltimore, MD, has received approval to sell the 2,881-gross-ton cable ship, CHARLES L. BROWN to the Island Territory St. Eustatius, Netherlands Antilles, for use as an artificial reef. The vessel was built in 1954 in Italy.

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