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
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.
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.
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,
SAFENVSHIP, a $14.9 million EU project to develop design methodologies and testing technologies, which can be used in the development of future large passengerships, was launched at the Genoa headquarters of Italian classification society RINA on July 5.
The Marine Division of the British company, Houseman (Burnham) Ltd. has been acquired by Vecom B.V. of Maassluis, Netherlands. Aiming at strengthening its water treatment operations in specific geographical areas of the industrial market, Houseman
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
Sea Containers, Inc. announced recently that its wholly owned subsidiary, Seaco Energy Corporation, and Coastal Carriers Corporation have formed a partnership to build and operate American- flag floating terminals. These terminals, located in New Orleans at the mouth of the Mississippi,
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.