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Raytheon Appoints Fellows Apelco Marketing Manager It was recently announced by Carsten Peters, president of Hudson, N.H.-based Raytheon Ma- rine Company, that Jeffrey Fel- lows has been appointed as mar- keting manager for Apelco Marine Electronics. Jeffrey Fellows In his present position, Mr. Fel- lows will be responsible for the sales, marketing and product plan- ning for all Apelco accounts. In a strategic planning role since join- ing Raytheon Marine in 1984, he will retain all current responsibili- ties in addition to assuming the Apelco marketing management po- sition. "Jeffrey's past of managing long range product planning makes him ideally suited for his new responsi- bilities. Combined with his strong financial background, the Apelco line of products will certainly pros- per under his leadership," said Mr. Peters. Since joining Raytheon Company eight years ago, Mr. Fellows com- pleted the company's Financial Man- agement Development Program and has made significant contributions in cost accounting, credit manage- ment and long range new business and product planning. Fincantieri's Computerized Hull Construction Project Progressing Successfully At Fincantieri's shipyard in Monfalcone, Italy, a special project designed to automate the manufac- ture of ship's hulls through the use of computers and robots has suc- cessfully reached the half-way mark in development. The five-year project, Flexible Au- tomation in Ship Prefabrication (FASP), intends to develop computer managed robot machinery capable of cutting, welding and assembling the large and complex metal struc- tures up to 300 tons used in ship construction. Once FASP is opera- tional, the yard hopes to save 50 percent on labor costs for each hull built. Automated production lines, such as those used in the automotive industry, have not yet been appli- cable to labor intensive shipbuild- ing due to the size of the compo- nents used and the flexibility neces- sary for varied, one-time shipyard projects. September, 1992 The third and final stage of the project will involve the building of an actual robotized prototype work- shop, scheduled for completion at the end of 1994. Fincantieri is the project leader with Spain's Astilleros Espanoles shipyard and various other interna- tional engineering and design firms participating in the project. Italian companies are bearing 75 percent of the $116.7 million estimated cost, with the other 25 percent being shared by the foreign partners. Decline In World Order Book Causes Shipbuilders To Lower Prices A recent decline in orders for new vessels has forced shipbuilders to lower their prices, according to re- ports. From 1986 to 1991 prices for new ships had almost doubled but in recent months have seen a steady decline and a further drop in prices is expected in the near future. According to a recent report by Howe Robinson & Co. Ltd. of Lon- don, the cost of a Panamax size dry bulk carrier has dropped from $35 million late last year to under $30 million at the present time. The prices for VLCCs have also fallen from almost $100 million to below $90 million. The cause for the decline in new orders is reported to be the down- turn of freight rates. The decline has caused a shipyards to become more competitive when dealing with prices and delivery of new vessels. You're invited to the Society Event of the year. The 1992 International Maritime Exposition in conjunction with The 1992 Annual Meeting of The Society of Naval Architects and Marine Engineers Wednesday, October 28,1992:2 pm to 6 pm Thursday, October 29,1992:10 am to 6 pm Friday, October 30,1992:10 am to 4 pm Americas I and II, New York Hilton, NY, NY R.S.V.P. ASAP. For more information on the 1992 International Maritime Exposition and/or on the Technical Program of SNAME's Annual Meeting, mail this coupon to: INDEPENDENT EXPOSITIONS, LTD., 221 King Manor Drive, King of Prussia, PA 19406. Tel: (215) 272-4024 • Fax: (215) 272-5190 Send me the following: • An Exhibitor brochure and space application. • Free tickets to attend the 1992 International Maritime Exposition. • Information on the Technical Program of SNAME's Annual Meeting. Name. Title. Company. Address. City State. Zip.
