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.
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,
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.
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
Independent Spanish shipbuilder Hijos de J Barreras has again showed its mettle by delivering two specialized vessels within the space of just a few days, and by landing a three-ship contract to take its orderbook into mid 2003. Three years after
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