MARITIME BRIEFS

MARITIME BRIEFS

PANAMANIAN COMPANY

TO BUY SHIP MONTEREYConnecticut Bank and Trust Co. will sell the passenger cruise vessel Monterey to Compania Naviera Panocean SA.

The Panamanian company will purchase the ship for an undisclosed amount. The Monterey's U.S. registry will be changed to that of the Panamanian flag.

The bank, mortgage trustee for a Finnish shipyard that did extensive renovation work on the vessel in 1987, bought the vessel for $14 million at a court-ordered foreclosure auction in Hawaii last month.

The Maritime Administration had given conditional approval to the sale and transfer prior to the auction, and last week gave its final nod to the deal.

CONCORDE LINE GETS

NEW MIDWEST AGENT

NEW ORLEANS - Concorde Line said it has terminated representation by Anchor Shipping Corp. as Midwest local agent for Concorde Line services to Central American ports.

While replacement agency representation is considered, Concorde Shipping Inc., managing agent for Concorde Line, will handle all Concorde Line activities in the Midwest.

For further information, contact: Concorde Shipping Inc., 110 Veterans Memorial Blvd., Suite 444, Metairie, La. 70005. Telephone: (504) 834-0111.

FREIGHTER, TANKER

COLLIDE OFF JAPAN

TOKYO - A cargo ship crashed into the side of an oil tanker off western Japan Wednesday, causing a 2-mile-long oil spill, an official at the Maritime Safety Agency said.

The freighter Sumiryu Maru went out of control and smashed into the No. 10 Waei Maru in Osaka Bay, the official said.

No injuries were reported, but the impact ripped a hole in the tanker and created the oil spill, according to the official, who spoke on condition of anonymity.

He said the amount of oil leaked was not immediately available.

GDANSK YARD TO BE SOLD

TO PRIVATE INVESTORS

WARSAW, Poland - The Gdansk shipyard where the Solidarity trade union was founded will be sold to shareholders under new rules for creating private firms from state-owned enterprises, workers were told this week.

The shares will be sold to the public for $1.05 each, with the founding capital to total about $11.4 million, said Andrzej Popczyk, director of the Industry Ministry's legal department.

Shipyard workers will be able to purchase 20 percent of the shares at half the offering price before the end of 1990 and at half the market price after that, Mr. Popczyk said.

INTERCONTINENTAL NAMES

AGENT IN EAST, MIDWEST

GULFPORT, Miss. - Intercontinental Transportation Services Ltd., an independent liner service operating from Wilmington, Del., to Costa Rica, said it has appointed Southern Steam Inc. as its U.S. East Coast and Midwest agent for its service to Costa Rica.