conversion / offshore drilling
The Maritime Administration has permitted Nicolai Jaffe Corp. to sell the former government motorship Karin to Storm Drilling Co. of Houston for conversion into a floating oil and gas drilling platform, reversing an earlier denial. Jaffe bought the 4,663-dwt vessel from the government in October 1967 for scrapping or other non-transportation use.
The Nicolai Jaffe Corp. has received permission from the Maritime Administration to sell the former government-owned motorship Karin (AF-33) to the Storm Drilling Co. of Houston, Texas, for the purpose of converting it into a floating oil/gas drilling platform. Permission for the sale had been denied by MarAd at an earlier date.
The 4,663-dwt vessel was originally purchased by the Nicolai Jaffe Corp. from the government in October 1967, for scrapping or some other non-transportation purpose.
Transcribed from the January 15, 1969 print edition of Maritime Reporter & Engineering News. Text is OCR-derived and may contain errors.