[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