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• Increased ship's safety through reliable, precise navigation • economical operation through reduced personnel requirements • relief of the officer on duty from routine tasks ...are the outstanding features of the NAUTOPLOT. Besides indicating the actual position on a sea chart, the NAUTOPLOT offers, in systemtechnical combination with the adaptive autopilot NAUTOPILOT A, the track controller NAUTOTRACK and optionally a Nautical Information Display, the function of a track control system. Modern sea-going ships, such as the "Ship of the Future" utilize this technological advance. ANSCHUETZ OF AMERICA One Madison Street East Rutherford New Jersey 07073 USA 779 8474 779 3336 ON THE COVER The giant cruise ship Monarch of the Seas, one of this year s Outstanding Oceangoing Ships, in New York Harbor. The 75,000-grt megaliner was built by Chantiers de I'Atlantique of France. Photo: Moran Towing. INSIDE Review of Outstanding Oceangoing Ships of 1991 16 Naval Technology & Shipbuilding: Navy Plans Up To $11 Billion For Sealift 23 U.S. Boatbuilding Report 38 Five-Year Outlook For The U.S. Marine Industry 40 Fiscal Year '92 Budget For The Coast Guard 52 Ingalls Awarded $27.2 Million Contract For Navy Cruiser Work Litton Industries' Ingalls Ship- building division, Pascagoula, Miss., has been awarded a $27.2 million contract by the U.S. Navy to provide continuing engineering and support services for the Ticonderoga Class (CG-47) Aegis guided missile cruiser program. MARITIME REPORTER and Engineering News Editorial and Executive Offices 118 East 25th Street, New York, NY 10010 (212) 477-6700 .Telefax: (212) 254-6271 Publishers: Editorial Director: Editor: Senior Editor: Production Editor: Editorial Consultant-Marine Industry: Production Manager: Circulation Manager: Regional Sales Manager: Regional Sales Manager: CHARLES P. O'MALLEY JOHN E. O'MALLEY JOHN C. O'MALLEY CHARLES P. O'MALLEY JOHN R. SNYDER THOMAS H. PHILLIPS KELLY HUG JAMES R. McCAUL MAY LOUIE DALE L. BARNETT LUCIA ANNUNZIATA DANIEL A. ARNOLD 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 Coast 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 01 Telefax: 0411 10531 United MR. MICHAEL J. DAMSELL Kingdom Euromedia Ltd. Tern House, Upper West St. Reigate, Surrey RH2 9HX, England Telephone: 0737 224258 Telefax: 0737 223235 Telex: 932699 KENPUB G. Italy MR. VITTORIO F. NEGRONE Ediconsult Internazionale Piazza Fontane Marose, 3-16123 Genova, Italy Telephone: (010) 583520 Telefax: (010) 566578 Telex: 21197 EDINT I Germany MR. THEO ANTHONY AM Lerchenberg 22 D-2112 Jestenberg bei Hamburg, Germany Telephone: 4183-5541 Telefax: 4183-5543 Korea MR. C. H. PARK Far East Marketing Inc. Rm. 508, Chungmu Building 10, 2-ka, Pil-dong, Chung ku, Seoul, Korea Telephone: 2-265-5043 Telefax: 2-27-5148 Circle 205 on Reader Service Card MARITIME REPORTER AND ENGINEERING NEWS ISSN-0025-3448 No. 12 Volume 53 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 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. 4 Maritime Reporter/Engineering News