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.
The Chesapeake Section of The Society of Naval Architects and Marine Engineers held its final meeting of the 1976-77 season at the Officers Club of the Walter Reed Medical Center in Washington, D.C. The meeting included election of officers for the next year,
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
Hornbeck-Leevac Marine Services, Inc. has approved a new vessel construction program for its wholly-owned subsidiary, Hornbeck Offshore Services, LLC. This is the company's third such program since its inception five years ago — the first two were seven and six vessel programs, respectively.
United States Cruises, Inc. (USCI), Seattle, Wash., has made the final $3-million payment for the purchase of the passenger ship United States, and received title to the vessel from the Commerce Department's Maritime Administration (MarAd). USCI
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.
A contract to build three double-ended RoRo Ferries for the Canadian Shipping Company British Columbia Ferry Services Inc. has been won by Flensburger Schiffbau-Gesellschaft. The total value of the contracts is approximately $325 million Canadian.
Earlier this year, Houston Ship Repair, Inc. of Houston was awarded a $1,175,000 fixed-price contract by the Maritime Administration to reactivate the cargo ship Hattiesburg Victory. The refurbished vessel sailed from Houston recently in service with the U.