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 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,
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