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MAN B&W Diesel Invests $55.3 Million In New Research Center MAN B&W Diesel A/S, Copenhagen, Denmark, is currently building a new research center adja- cent to the company's factory at Teglholmen in Copenhagen's har- bor area. The building project, scheduled to be completed by the end of 1993, will comprise a total floor area of some 1,100 square meters which, inter alia, will house a specially built engine for testing new components and new modes of operation. There will also be facilities for demonstrat- ing individual components, show- ing films, etc. Finally, new facilities for training the shipowners' marine engineers will also be located at these premises. The total investments in ground, buildings and technical installations amount to nearly DKK 100 million (about $55.3 million). The engine alone will cost over DKK 25 million (about $13.8 million). The research center will be the cornerstone in MAN B&W Diesel's endeavors to maintain the leading position in the world's marine en- gine market. At the company's main offices, some 250 engineers and tech- nical staff are engaged in develop- ment work and giving advice to a The Leader in Integrated Instruments and Alarms jn The VIAS System-128 is a sophis- ticated information system designed for commercial marine vessels. It integrates instrumentation and alarm systems, using advanced microprocessors to continuously monitor up to 128 different ship- board functions. What you see here is only the beginning...to see more, call today. VESSEL INFORMATION SYSTEMS INC 7723 24th Avenue N.W. • Seattle, WA 98117-4412 (206) 789-8146 Wpr If N^m W . Boo /-I wv - .JH jt'K J \ 1800. "V/*,- rl a ^ -/.* V 800 See us at FISH EXPO '91, Booth #6513 1991 Vessel Information Systems, Inc. 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Box 35 Burnside, La. 70738 Terminal Construction & Operation/Vessel Cleaning & Repair/Ship Agents/ Material Handling Services/ Aggregate Sales/ln-plant Services. -/ / HALL-BUCK MARINE, INC. 3* Uimbli THE AMERICAN WATERWAYS OPERATORS. INC. Circle 303 on Reader Service Card worldwide network of 23 licensees. The development activities are the basis on which ship engines de- signed by MAN B&W Diesel have, for the last five years, captured ap- proximately 55 percent of the world marine market. This strong market position has been used to increase the sales within other areas, such as spare parts to owners and engine compo- nents to licensees. The increasing turnovers have also resulted in a considerable improvement in earn- ings in the latter years. For free literature giving full in- formation on MAN B&W Diesel, Circle 66 on Reader Service Card Commodore To Transfer Two Cruise Ships Being Built In Spain To Crown Commodore Cruise Line has an- nounced that Crown Cruise Line will get two 820-passenger cruise ships now being built in Spain. The vessels are under construc- tion at the Union Naval de Levante shipyard in Valencia, Spain, for Commodore's parent company, EffJohn International BV Group. The ships will be transferred to Crown. Under a joint-venture agreement announced recently between Com- modore and Palm Beach Cruises, Crown's former owner, Commodore owns the Crown Cruise Line trade name and holds a half interest in other Crown assets. In the summer of 1992, the first new ship, named Crown Jewel, will enter service. In 1993, the other ship, not yet named, is scheduled to enter service. They will join the Crown Monarch, introduced in De- cember 1990, which currently offers seven-day luxury cruises from the Port of Palm Beach, Fla., to Key West, Grand Cayman, Ocho Rios and Crown's exclusive "out island," Labadie Shores. The noted Norwegian architect Peter Yran created the Crown Jewel's design. Mr. Yran's credits include the Sovereign of the Seas, Seaward, Seabourn Pride, Seabourn Spirit, Sija Serenade and Nordic Empress. Carnival Plans Share Issue Miami-based Carnival Cruise Lines plans to issue 5 million shares to raise about $115 million from U.S. and foreign investors. In addition, shareholders and Ted Arison, owner and founder of Car- nival, will sell 2.85 million shares worth about $65.5 million. The cash from the share issue will be used toward debt payment and possible future acquisitions. The share issue was originally intended to fund the $220 million net cost of acquiring Premier Cruise Line. The deal, however, was called off because of disagreements over company earnings projections. 8 Maritime Reporter/Engineering News