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.
By the end of 1991 the world shipbuilding order book had reached the highest level since June 1977, according to the latest quarterly statistics published by Lloyd's Register. In the final quarter of 1991, tonnage under construction and on order increased to 43.
The first half of 2003, under the watchful eye of Capt Vanderperre, Chairman of Univan has Univan Ship Management's fleet grow to in excess of 80 ships under full technical management. The growth has come from bulk carriers and two VLCCs (belonging
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
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,
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