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 meeting of the Chesapeake Section, The Society of Naval Architects and Marine Engineers, was held at the Walter Reed Army Medical Center in Washington, D.C., and featured a presentation on electric propulsion systems for naval combatants by Capt.
American Bureau of Shipping, Det Norske Veritas and Lloyd's Register have developed a series of initiatives to further improve the safety of international shipping. The three leading classification societies have agreed on 10 actions that will strengthen
A keel-laying ceremony recently at National Steel and Shipbuilding Company (NASSCO), San Diego, Calif., marked the start of construction of the Chesapeake Trader—the first in a series of 44,000-dwt petroleum product carriers being: built for American Trading Transportation Company, Inc.
Hyundai Heavy Industries (HHI) recently signed a contract with Kosan Tankers A/S of Denmark to build a semi-pressurized and fully refrigerated 4,300-cubic-meter LPG carrier. The vessel will be about 322- 1/2 feet long, 53 feet wide and will have a depth of 33.
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
In true Norwegian fashion, the Norwegian Shipowners' Association does not shy from the fact that its power base is shrinking. But, the organization does not concede defeat, and is a powerful lobbyist in helping to rouse political and industry support for
Despite the lure of large discoveries, the oil industry is wary about risking its money in proposed new lease sales off California's coast because of fierce opposition ranging from small local groups to the governor. The oil industry has learned
The U.S. Maritime Administration, on behalf of the Navy, has issued a request for proposals (RFP) for the acquisition of roll-on/roll-off vessels with a high military utility for the Ready Reserve Force (RRF). A similar RFP earlier this year invited owners of U.
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,