MARITIME BRIEFS

MARITIME BRIEFS

PACIFIC RESCUE DELAYS

DOCTOR LYKES DEPARTURE

A rescue at sea has delayed the initial sailing of the Doctor Lykes, a chartered foreign-flag ship that Lykes Bros. Steamship Co. is placing in the company's new vessel-sharing agreement with SafBank Line Ltd.

The ship is now scheduled to leave Savannah, Ga., on Sunday. It is deployed on the trade between southern Africa and the United States.

Nonetheless, the space-sharing agreement started as planned this week. The SafBank ship Vidal was substituted for the Doctor Lykes, and departed from Savannah, Ga., on Monday.

The Doctor Lykes, meanwhile, was diverted to rescue people from a capsized fishing boat in the Pacific Ocean.

RICKMERS-LINIE DELAYS

MIDEAST CARGO SERVICE

Rickmers-Linie delayed until March the start of its new liner service from the United States to the Middle East, as the breakbulk market in the Middle East remains sluggish. The service was slated to start in February.

Chris Vella, line manager for Southern Steamship Agency Inc. in Houston, declined to comment. Southern Steamship is the U.S. agent for the German shipping line's U.S.-Middle East service.

The service, announced in January, was formed to carry U.S. exports of breakbulk, or non-containerized general cargo, and containerized cargo. Rickmers is a wholly owned subsidiary of Hapag-Lloyd AG, Hamburg, Germany.

OVERSEAS SHIPHOLDING

REPORTS INCOME FALL

NEW YORK - Overseas Shipholding Group Inc., a bulk and tanker shipping company, said its net income fell to $11.7 million in the fourth quarter of 1991, from $13.1 million for the same period of 1990.

Revenue fell to $99.6 million for the fourth quarter from $106.9 million a year earlier.

For all of 1991, Overseas reported net income of $55.1 million on revenue of $419.1 million, compared with net income of $55.9 million on revenue of $399.7 million in 1990.