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a ULSTEIN ON THE COVER c\j O IN THE MARKET The Ulstein Compass Thruster concept has proven its unique flexibility since its introduction in 1978. Today, our thrusters are in operation worldwide in a wide range of applications. The fixed hull mounted Compass Thruster is suitable for all types of applications, like tugs, supply vessels, diving support vessels, inspection vessels and ferries. For these vessels a precision of manoeuverability and speed of response is of utmost importance, which is often difficult to obtain except with C.P. Compass Thrusters. Power range 500 - 7000 kW. lUJ ULSTEIN PROPELLER AS N-6065 Ulsteinvik, Norway. Tel.: +47-70 01 40 00. Telefax: +47-70 01 40 17. Circle 266 on Reader Service Card ON THE COVER: 7/ieHishoh is a large surface effect vessel prototype built as part of the Japanese governmer and private industry project dubbed Techno Superliner. A pair of MFT8 gas turbines drove the vessel to 5- knots during a recent trial. The gas turbines are a collaborative effort between Turbo Power & Marine Systemi a division of the United Technologies Corp., and the Takasago Machinery Works, a major manufacturing center within Mitsubishi Heavy Industries (MHI). See full story on page 22. SHIP & BOATBUILDING TECHNOLOGY Gas turbine-powered prototypeHishoh reaches 54 knots in recent trial. GREAT SHIPS OF 1994 Nine vessels of various type are fea- tured in this year's look at noteworthy builders, suppliers and owners. THE DEADLINE IS NEAR... The USCG's controversial COFR rule is about to take effect. Read up to dis- cover 11 ^-hour options . MARITIME REPORTER AND ENGINEERING NEWS 118 E. 25* St., New York, N.Y. 10010 tel: (212) 477-6700; fax: (212) 254-6271 Publishers: Charlos P. O'Malloy John E. O'MalUy John C. O'Malloy EDITORIAL Editorial Diro