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MATTER OF VANCOR STEAMSHIP CORP.

Bankruptcy No. 77 B 204.

8 B.R. 470 (1981)

In the Matter of VANCOR STEAMSHIP CORPORATION, Bankrupt.

United States Bankruptcy Court, S.D. New York.

January 16, 1981.

Attorney(s) appearing for the Case

Hahn, Hessen, Margolis & Ryan, New York City, for trustee.

Mirkin, Barre, Saltzstein, Gordon, Hermann & Kreisberg, Great Neck, N.Y., for claimant, Newport News Shipbuilding & Dry Dock Company.

Costello & Shea, New York City, for creditors, Tilden & Plimsoll.

Donald F. Mooney, New York City, for Strachan Shipping Co., Marine Maintenance Co. and Marine Maintenance of Texas, Inc.

Crowell, Rouse & Varian, New York City, for William H. Swan & Sons.

Wikler, Gottlieb, Taylor & Howard, New York City, for Kansas claimants and J. Stanley Co., Inc.

MEMORANDUM AND ORDER

JOHN J. GALGAY, Bankruptcy Judge.

Daniel J. Devenay, as trustee in bankruptcy of Vancor Steamship Corp. (Vancor) moves for authorization to distribute the net proceeds of the March 9, 1978 sale of the T.E. Vantage Horizon (Horizon) to certain maritime lienors. The only obstacle to the trustee's plan is a claim of Newport News Shipbuilding and Dry Dock Company, Inc. (Newport News) of a maritime lien of

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