Central Gulf Lines Seeks Transfer Authorization
Central Gulf Lines, Inc., has requested the necessary permissions to transfer one authorization granted under Section 615 of the Merchant Marine Act, 1936, as amended, to a wholly owned subsidiary. Central Gulf’s subsidiary intends to acquire a ship construction contract to be entered into between Liberty Shipping Group Limited Partnership and Oshima Shipbuilding Co., Ltd., for the construction of one 52,200 DWT multipurpose bulk ship. The subsidiary will construct the vessel at Oshima Shipyard in Nagasaki, Japan, pursuant to the Section 615 authorization. Upon issuance of the builder’s certificate by Oshima Shipyard the Central Gulf subsidiary will issue a bill of sale for the vessel to Liberty Shipping.