Maritime Reporter, February 2001

<BODY> <div> Pound For Pound, IBallast-Crete Is Better. For All Marine Fixed Ballast Operations Densities Up To 400 pcf (S.G. 6.4) Inorganic, removable, and available in a wide range of densities, Ballast- Crete is the ballast of choice for naval architects and engineers around the world. For more information, call Red land Genstarat(410) 683-9254. BALLAST-CRETE Redland G E N S T A R Circle 264 on Reader Service Card Why Paint and Insulate? Seal, Insulate and Protect all with Delta T Marine Insulating Coating IReplaces thermal insulation! • A 40 mil layer achieves an R11-R15 (actor! • Non toxic and contains no harmful VOCs! • USCG, Lloyds, ABS and DNV Approved • Cost Effective! Mascoat Products Houston, TX www.deltacoat.com Ph: (713) 688-9099 Fax: (713) 688-9169 Sales@deltacoat.com capacity expansion given that the competitive pricc environment occurred during the more robust econom- ic climate of 2000 and at the early stage of the industry capacity expansion. Moody's expects older ships will continue to be retired, as about 15 percent of the indus- try capacity is more than 20 years old which will aid the supply and demand balance. Furthermore, the industry has been consolidating with the top three cruise com- panies comprising more than 70 percent of capacity up from about 45 percent in 1991. Additionally, demo- graphics are favorable to the industry since the average age (50) of the typical cruiser is within one of the fastest growing segments of the population. Also, the company continues to attract new first time cruisers, that indicates continued penetration of the cruise prod- uct. Royal Caribbean, headquartered in Miami, Fla., operates a cruise line under the brand names, Royal Caribbean International and Celebrity Cruises. During the year ended December 31, 1999, the company's rev- enues were S2.5 billion. N01 in World wide trading in new anjl second-hand maritime/ offshore equipment Lifeboats—totally enclosed / partially enclosed /open Tenders • Mob.-Boats Work Boats • Rescue Boats Fast Rescue Boats Davits - ships and rig davits / single arm / liferaft davits Liferafts • Immersion Suits Deck Cranes • Rig Cranes Helicopter Decks Winches -diesel/hydr./electric/air Capstans • Hydraulic Power Packs Anchors • Chains Reverse Osmosis Plants Sewage Treatment Plants Generator Sets • Air compressors Azimuthing and tunnel thrusters Accommodation Modules Firefighting systems Pumps • Purifiers • Grabs • Fenders Various Maritime / Offshore Equipment Norwegian Maritime Equipment AS sells, buys and negotiates new and second-hand maritime/ offshore equipment. Delivered with documentation, and ISO 9002 certificates. Upon request we will send you an offer with technical specifications and prices NORWEGIAN MARITIME EQUIPMENT P.O. BOX 244, 5480 HUSNES, NORWAY Tlf +47 53 47 95 00 Fax +47 53 47 34 99 Internet: http://www.nme.no E-mail: nme@nme.no Circle 258 on Reader Service Card PASSENGER FERRIES CONTAINER VESSELS CHEMICAL CARRIERS CRUISE VESSELS LUXURY YACHTS RO-RO VESSELS TANKERS KNUD E. HANSEN A/S NAVAL ARCHITECTS - DESIGNERS • MARINE ENGINEERS tSLANDS BRYGGE 41 DK-2300 COPENHAGEN S • DENMARK PHONE: +45 32 83 13 91 • FAX: +45 32 83 13 94 E-MAIL: KEH@KNUDEHANSEN.COM WWW.KNUDEHANSEN.COM MEMBER OF THE SEMCON GROUP Circle 313 on Reader Service Card Circle 217 on Reader Service Card Circle 220 on Reader Service Card </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>