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 recent keel-laying ceremony at National Steel and Shipbuilding Company (NASSCO), San Diego, initiated construction of the second of three 37,500-dwt product carriers being built for Union Oil Company of California. E.P. Barnett, vice president,
The third tanker to be built in Canada for Cuba was commissioned July 12 at the shipyard of Marine Industrie Limitee of Tracy near Sorel, Quebec, following a week of successful sea trials. In a ceremony attended by top executives of the Cuban Shipping Line,
A computer-based simulator for training engine room officers of supertankers will go into operation early in 1978 under a development contract signed between the Organization for Industrial Research TNO, a Dutch corporation, and Esso Tankvaart Maatschappij B.
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 S E A A w a r d e d $ 3 . 5 - M i l l i on O r d e r For S h a f t G e n e r a t o rs — L i t e r a t u r e A v a i l a b le
A contract worth approximately $3.5 million for seven shaft g e n e r a t o r systems has been awarded to the marine department of ASEA Inc., White Plains, N.Y., by Stolt-Nielsen, Inc., the Greenwich, Conn.-based owner and operator of one of the world's largest chemical tanker fleets.
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,
The Council of the International Association of Classification Societies (IACS) has agreed to develop classification requirements that would augment the surveillance by the societies of items which recent investigations h^ve revealed to be potential sources of hazard or pollution.
A number of factors, including instability in world oil markets at times, the return of bitter cold winters to the energy-hungry U.S. Northeast, and advances in the collection. transportation and cost-effective delivery of (primarily LNG) gas, have conspired to make this the decade of gas,