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.
Nils Hellen, managing director of the Association of Finnish Metal, Engineering and Shipbuilding Industries, recently visited the United States by invitation of the Finnish American Chamber of 'Commerce. Mr. Hellen, in his address as guest speaker to
To complete its parts and service reorganization, the Fairbanks Morse Engine Division of Colt Industries has opened a new Central Parts Distribution Center in Indianapolis, Ind. This new facility (shown) replaces the division's former central warehouse at its Beloit, Wise.
As a bastion of ship production in the under 10,000-dwt-vessel range, the industry in the northern Netherlands continues to demonstrate true global competitiveness in its chosen fields of endeavor. While much of European shipbuilding bewails the intensified onslaught from the Orient,
American Marine and Machinery Company, Inc. (AMMCO) of Nashville, Tenn., has announced the signing of an agreement with Damen Shipyards, Ltd. of Gorinchem, Holland, for the manufacture and marketing of selected models of the Damen line of vessels.
A unique cooperation agreement that covers the building and marketing of the highly successful Friendship type multi-purpose cargo vessel has been signed between two of the world's leading shipbuilding yards. The agreement, signed between Harland
IFS Norway AS and Det Norske Veritas (DNV) have agreed to combine their technology by developing an IT solution for the international maritime market. The solution will become the first of its kind on the global market and will be focused on ensuring
A number of factors, including instability in world oil markets at times, the return of bitter cold winters to the energy-hungry U.S. Northeast, and advances in the collection. transportation and cost-effective delivery of (primarily LNG) gas, have conspired to make this the decade of gas,
The Maritime Administration has awarded a $226,000 contract to International Maritime Associates, Inc. (IMA), a Washington, D.C. management consulting and planning firm, to study future demand for product and chemical tankers. Participating with IMA in the project are Chem Systems,