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Big Boats, Dry Air Circle 281 on Reader Service Card ON THE COVER The Sensation and Fascination, two of five ships being built at Kvaerner's Helsinki New Shipyard for Caribbean Cruise Lines. The Sensation was delivered on Oct. 18 (story, p. 28). INSIDE: Star Casino Opens: Louisiana's First Riverboat Casino 22 Gore Speaks At NNS Carrier Commissioning 27 SPECIAL SECTION: Defense Conversion And The Future Of U.S. Shipbuilding 30 Legislative Update: House Passes Subsidy Bill 32 Outstanding Ocean- Going Vessels of 1993 37 World Orderbook Chart 49 Kvaerner Revolutionizes Govan Yard 53 REVIEW: Second-Tier Shipyards 58 Calendar 66 Classifieds 78 Ingalls Wins $33.9 Mill ion Navy Contract For Aegis Program The U.S. Navy has awarded Ingalls Shipbuilding Division of Litton, Pascagoula, Miss., an additional $33.9 million contract for continuing engineering and support services for the Navy's Ticonderoga (CG 47) Class Aegis guided missile cruiser program. This brings the total amount awarded to Ingalls for the program since 1981 to $292 million. 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: Managing Editor: Assistant Editor: Assistant Editor: Editorial Consultant: Contributing Editors: Production Manager: Asst. 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 GREG TRAUTHWEIN ERIN M. O'DRISCOLL DAN MANIOTIS JAMES R. McCAUL MARCUS GIBSON GRAEME MACLENNAN SUSAN EISENSTEIN STACEY DORMAN DALE L. BARNETT DANIEL A. ARNOLD LUCIA ANNUNZIATA 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 Simpson Corporate Park Indigo House, Suite A 206 South Tyler Street Covington, La. 70433 Telephone: (504) 893-5099 Telefax: (504) 893-5024 Scandinavia MR. STEPHAN R. G. ORN AB Stephan R.G. Orn Box 184, S-27100 Ystad, Sweden Telephone: 46 411-18400 Telefax: 46 411 10531 United MR.MICHAEL J. DAMSELL Kingdom Euromedia Ltd. P.O. Box 122 Hayward's Heath West Sussex RH16 1YF, ENGLAND Telephone:0444 417360 Telefax:0444 417360 Italy MR. VITTORIO F. NEGRONE Ediconsult Internazionale Piazza Fontane Marose, 3-16123 Genova, Italy Telephone: (010) 583684 Telefax: (010) 566578 Telex: 281197 EDINT I Korea MR.C.H. PARK Far East Marketing Inc. Rm. 508, Chungmu Building 10, 2-ka, Pil-dong, Chung ku. Seoul, Korea Telephone: (02) 265 - 5043 Telefax: (02) 277 - 5148 MARITIME REPORTER AND ENGINEERING NEWS No. 12 ISSN-0025-3448 Volume 55 118 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 INTERNATIONAL Business Publications Audit of Circulation, Inc. Why Dry Air? • Dehydrators/Purifiers a •Value Manifold Assemblies •Air Control Panels •Moisture Analyzers q AIR-DRY dehydration and purification systems provide clean, oil free and dry compressed air or gas. Providing: Systems, Components and Engineering Services in Support of Military and Commercial Applications for 40 years. *# •Spares •Repairs/Overhauls •Field Service Support •Training Programs The Leader in the Technology of Air and Gas Purification AIR -DRY CORPORATION OF AMERICA 5297 Maureen Lane • Moorpark, California 93021 U.S.A. PHONE 805-529-6226 • FAX 805-529-3218 INTERNATIONAL REPRESENTATION BEING SOOGHT 4 Maritime Reporter/Engineering News