Manhattan Tanker Company, Inc., a subsidiary of Transeastern Associates, New York, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the reconstruction of the 114,000-dwt tanker Manhattan in compliance with new U.S. Coast Guard requirements.
The 43,000-shp vessel was built and delivered by General Dynamics' Shipbuilding Division, Quincy, Mass., in 1962, and lengthened in 1969. New inert gas and crude oil washing systems are to be installed in the vessel, which operates worldwide.
If approved, the Title XI guarantee would cover $6,000,000, or approximately 87 1/2 percent of the estimated cost of $6,858,142.