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23 September 2020 The on-line newspaper devoted to the world of transports 02:10 GMT+2



JULY 14, 1997

MARAD WILL TERMINATE LYKES' ODS AGREEMENT

WASHINGTON, D.C. -- The Maritime Subsidy Board has agreed to terminate Lykes Bros. Steamship Co., Inc.'s operating-differential subsidy (ODS) agreement as of the effective date of Lykes Reorganization Plan under Chapter 11 of the Bankruptcy Code.
In seeking the Board's approval, Lykes noted that its request to terminate its ODS agreement is without prejudice to their or Sea Crews II, Inc.'s right to request reinstatement ......
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