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.
A flurry of contract awards during the first half of 1988 has caused Bardex Corporation of Goleta, Calif., to view near-term recovery prospects for the offshore industry with optimism. Recent contract activity contributing to the company's renewed growth
The first comprehensive code covering all lifting appliances intended for marine applications has been published by Lloyd's Register of Shipping. Entitled "Code for Lifting Appliances in a Marine Environment," LR officials claim it is the first design standard in its field,