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,
Assistant Secretary of Commerce for Maritime Affairs, Maritime Administration, Samuel B. Nemirow has approved in princiciple an application by Ogden Shamrock Transport, Inc., and Ogden Hudson Transport, Inc., two wholly owned subsidiaries of Ogden Bulk Transport, Inc.
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,
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.
Yacimientos Petroliferos Fiscales (YPF), the Argentina stateowned oil company, has awarded IMODCO, a unit of AMCA International Corporation, a contract in excess of $6 million for two offshore marine terminal systems to augment two other IMODCOdesigned and
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,
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.