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.
Computer simulations and tests have been carried out by LauritzenCool and York Marine AB to confirm the suitability to distribute air in refrigerated cargo holds without gratings. The investigated grating-less concept was reportedly confirmed as
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,