Owners-operators of vessels engaged in the carriage of bulk commodities—Con.

Overseas Eva, Overseas Carriers Corp.-Maritime Overseas Corp....
Overseas Joyce, Overseas Carriers Corp.-Maritime Overseas Corp..
Overseas Rebecca, Overseas Carriers Corp.-Maritime Overseas
Corp.

Overseas Rose, Overseas Carriers Corp.-Maritime Overseas Corp...
Panoceanic Faith, Panoceanic Tankers Corp..

Penn Carrier, Penntrans Co.-Penn Shipping Co., Inc..
Penn Challenger, Penn Tanker Co.-Penn Shipping Co., Inc., title
XI.

Penn Exporter, Penn Export Co.-Penn Shipping Co., Inc.
Penn Trader, Penntrans Co.-Penn Shipping Co., Inc.

EC-2..

EC-2.

EC-2..

EC-2.

AP-2..

T-2 (converted).
EC-2 (converted).

T-2...
Tanker

R-2.
Tanker.

Tanker.

Bulk XT-2..
C-2..

10,920

11, 027 11, 023 11, 015 10,921

19, 807

12.383 16, 287 47,700

7,005 47, 164

T-2 (converted).
C-2.

20, 105

10, 566

67,400

17,803

10, 507

Sealady, Intercoastal Shipping & Trading Corp.-United Shipowners Agency, Inc.

Seneca, Peninsular Navigation Corp....

Sister Katingo, Nautilus Petrol Carriers Corp., title XI.
Smith Adventurer, Sumner A. Long, Inc.-Earl J. Smith & Co., Inc..
Smith Builder, Sumner A. Long, Inc.-Earl J. Smith & Co., Inc....
Smith Caper, Caper Trading Co.-Earl J. Smith & Co., Inc.
Smith Crusader, Crusader Tramp Ships-Earl J. Smith & Co., Inc..
Smith Defender, Defender Shipping Corp.,-Earl J. Smith & Co.,

Inc.

Smith Explorer, Explorer Ships, Inc.-Earl J. Smith & Co., Inc.
Smith Conqueror, Conqueror Freighters, Inc.-Earl J. Smith & Co.,

Inc.

AP-3..
Tanker.
AP-3..
AP-3.
AP-3.

ZET (converted).

12, 200

10, 658

33, 081

10, 658

10,753

10, 658

Owners-operators of vessels engaged in the carriage of bulk commodities—Con.

Mr. DOWNING. Let's assume for the minute that the superships, as I call them, can go into these Russian ports. The price which you set for your berth liners and tramps under one guideline is not sufficient for them to make that trip profitably, is it?

Mr. GILES. Mr. Downing, I would like to say that we have set no price for the berth liners. If the berth liners haul this wheat they haul it at the minus 20-percent rate, and I will have to say, contrary to this letter I was dealing with yesterday, that most of them ought to be ashamed for quoting that rate on the basis of their own experi

ence.

Mr. DOWNING. Then you only have one guideline and not two?

Mr. GILES. We have one guideline for the Soviet transactions, that's right. It is the minus 20 percent.

Mr. DOWNING. And that is the supership rate?

Mr. GILES. Is the guideline rate for ships that haul that wheat.

Mr. DOWNING. So you have effectively eliminated the smaller ships. Now, with respect to this ship of Waterman's, I understand they applied to Continental Grain and were turned down. They had rates for 7,000-ton parcels at $17 per ton to Nakhodka. This, according to my information, has resulted in the layup of two vessels.