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SAV I up to 300 barrels of oil per year! ELIMINATE THAT OLD STEAM HORN The Kahlenberg TRITON Piston Horn is a unique sound producing unit because it requires no compressed air and no diaphragms yet utilizes air vibrations in a tuned sound column. The unit consists of an electric motor driving a pis- ton with a cylinder similar in appearance to an air compres- sor. Very economical to operate and install. Write for bulle- tin. 92C. The KB-20 electric horn is available in 110 volt. A C. or 24 volt, D C. for vessels up to 246' in length. KDHLEIIBERG BROS. 10. 1386 Monroe St. Two Rivers, Wisconsin, 54241 U.S.A. I 414-793-45Q7 I Circle 315 on Reader Service Card ON THE COVER 1991 World Yearbook The 1991 World Yearbook Edition incorporates in-depth articles and extensive statistics compiled and authored by MARITIME RE- PORTER, as well as reknowned in- dustry professionals, which focus on the year's most noteworthy events and their impact on future opera- tions and vessel construction in both the brown and blue water sectors of the marine industry. This year's is- sue is one of the most comprehensive to date, with tables and reports on the U.S. inland waterways, offshore rig construction, and domestic and international vessel construction. Ad- ditionally, feature articles focus on the latest developments in the chang- ing U.S. Navy market. INSIDE 1991 WORLD YEARBOOK World Shipbuilding 26 Cruise Shipping 30 Offshore Rig Construction 34 U.S. Shipbuilding 36 Annual Survey Of Vessel Construction 38 U.S. Navy Shipbuilding 46 U.S. Inland, Harbor & Coastal Waterways 48 U.S. Parent Company, Foreign Flag Fleet 78 Ship Maintenance: Navy's Fleet Modernization Program 102 Editorial: 'Defense & the Shipbuilding Industrial Base' 114 MARITIME REPORTER and Engineering News Editorial and Executive Offices 118 East 25th Street, New York, NY 10010 (212) 477-6700 • ITT Telex: 424768 MARINTI Telefax: (212) 254-6271 Publishers: Editorial Director: Editor: Senior Editor: Regional Sales Manager: Regional Sales Manager: International Sales Manager: Production Manager: Production Coordinator: Circulation Manager: JOHN C. O'MALLEY CHARLES P. O'MALLEY CHARLES P. O'MALLEY JOHN R. SNYDER THOMAS H. PHILLIPS DANIEL A. ARNOLD LUCIA ANNUNZIATA LAURA CONNOLLY SHELLY M. RECCHIO MAY LOUIE DALE L. BARNETT Advertising Circulation and Sales Offices 118 East 25th Street, New York, NY 10010 Telephone (212) 477-6700 REPRESENTATIVES U.S. MR. JAMES N. McCLINTOCK Gulf States Wheelhouse One Building 634 Village Lane North, Suite 205 Mandeville, LA 70448 Telephone: (504) 626-7990 Telefax: (504) 624-5163 Scandinavia MR. STEPHAN R. G. ORN AB Stephan R. G. Orn Box 184, S-271 24 Ystad, Sweden Telephone 0411-184 00 Telefax: 411 10531 Telex: 33335 Orn S United Kingdom Italy MR. MICHAEL J. DAMSELL Euromedla, Ltd. Tern House, Upper West St. Reigate, Surrey RH2 9HX, England Telephone: 07372 242558 Telefax: 0737 223235 Telex: 932699 KENPUB G. MR. VITTORIO F. NEGRONE Edlconsult Internazionale Piazza Fontane Marose, 3-16123 Genova, Italy Telephone: (010) 583520 Telefax: (010) 566578 Telex: 211197 EDINT I MARITIME REPORTER AND ENGINEERING NEWS ISSN-0025-3448 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 Telex: MARINTI 424768 Telefax: (212) 254-6271 ESTABLISHED 1939 Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Second Class Postage Rates at Waterbury, CT 06701 and additional mail- ing offices. Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineering News, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of edi- torial material. Member VBPA Business Publications Audit of Circulation, Inc. No. 6 Volume S3 4 Maritime Reporter/Engineering News