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.
Nils Hellen, managing director of the Association of Finnish Metal, Engineering and Shipbuilding Industries, recently visited the United States by invitation of the Finnish American Chamber of 'Commerce. Mr. Hellen, in his address as guest speaker to
One of the Maritime Administration's (MarAd) missions is to provide shipping capability during a declared national emergency. As one part of this mission MarAd has identified the need to have "on-the-shelf" plans and specifications f o r designs which will satisfy shipping requirements.
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.
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 commissioning of the Incat-built 315-ft. (96-m) Wave Piercing Sealift Catamaran contracted to the United States military for a deployment of two years, has taken place at Norfolk, Va. The vessel will serve to enhance mission capability in a
Attuned to the liner shipping industry's unerring drive for economies of scale, classification society Lloyd's Register (LR) has developed a conceptual design of container vessel incorporating a 12,500-TEU capacity. Although some 55-60 percent