Investment In Tankers: The Case For Optimism

Lloyd's List for September 12, 1978, reported that two 1971-72, 255,000-dwt VLCCs had recently changed hands for some $7 million each. This was somewhat lower than the price level ruling during the first half of 1978, when the average secondhand price for a VLCC was about $38.

 

Bender Christens And Launches Cruiser "Pilgrim Belle'

Bender Shipbuilding & Repair Co., Inc. Mobile, Ala., recently christened and launched the cruise vessel Pilgrim Belle for Coastwise Cruise Line of Hyannis, Mass. Coastwise Cruise Line's parent corporation, Hyannis Harbor Tours, Inc. is also known as Hy-Line.

Multi-Purpose Mobilization Ship

One of the Maritime Administration's (MarAd) missions is to provide shipping capability during a declared national emergency. As one part of this mission MarAd has identified the need to have "on-the-shelf" plans and specifications f o r designs which will satisfy shipping requirements.

Cuba Takes Delivery Of Third Canadian-Built Ship

The third tanker to be built in Canada for Cuba was commissioned July 12 at the shipyard of Marine Industrie Limitee of Tracy near Sorel, Quebec, following a week of successful sea trials. In a ceremony attended by top executives of the Cuban Shipping Line,

Fourth British C o l u m b ia T o w b o a t Conference Set For M a r c h 2 1 - 2 2 , 1980

The Fourth British Columbia Towboat Industry Conference will be held at the Empress Hotel, Victoria, British Columbia, March 21-22, 1980. The theme of the conference this year will be "The Tug and its Environment." The meeting will be sponsored by the Council of Marine Carriers and B.

IMODCO Receives $6-Million Contract From Argentine Firm

Yacimientos Petroliferos Fiscales (YPF), the Argentina stateowned oil company, has awarded IMODCO, a unit of AMCA International Corporation, a contract in excess of $6 million for two offshore marine terminal systems to augment two other IMODCOdesigned and

Port Authority Receives Approval

The Port Authority has received approval from the Army Corps of Engineers to deepen a section of the Kill van Kull to 50 ft., launching the agency's ambitious $1.8 billion project to dredge the region's harbor channels to 50 feet and maintain its

Delta Shipyard Repairing Heavy Lift Vessel Inagua Sound —Free Literature Offered On Yard

Delta Shipyard, a division of Delta Services Industries, has drydocked and is now repairing an oceangoing heavy lift deck loading vessel, the Inagua Sound. It is the largest vessel of its kind to ever be drydocked in Houma, La. This shoal draft

MSB To Compute Estimated Foreign Cost Of Bulk Carriers

The Maritime Subsidy Board has authorized publication in the Federal Register of two notices of intent to compute the estimated foreign cost of (1) three 2,000-dwt breakbulk vessels, and (2) dry bulk carriers of 35,000 deadweight tons. The first

Cunard To Buy Norwegian American Cruises In $73-Million Agreement

The Cunard Shipping Group recently announced that an agreement has been reached to purchase Norwegian American Cruises, a subsidiary of Lief Hoegh of Norway, for $73 million. The agreement includes two luxurious cruise ships, the Sagaf j o rd and Vistafjord.