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I ON THE COVER The January issue of Maritime Reporter & Engineering News is dedicated to accomplishments in the passenger vessel segment. This year's selection of outstanding vessels vary widely in style, size and service; ranging from a 59-ft. (18-m) wave-piercing catamaran; to a 245-ft. (74.7-m) riverboat casino; to a 72.6-fa. (22-m) submarine. The binding thread among all of the selections is a dedication to quality, safety and service on the part of the designers, builders, suppliers and owners. The Passenger Vessel Annual starts on page 27. | | SAVE up to 300 barrels of oil per year! ELIMINATE THAT OLD STEAM HORN The Kahlenberg TRITON Piston Horn is a unique sound producing unit because it requires no compressed air and no diaphragms yet utilizes air vibrations in a tuned sound column. The unit consists of an electric motor driving a pis- ton with a cylinder similar in appearance to an air compres- sor. Very economical to operate and install. Write for bulle- tin. 92C. The KB-20 electric horn is available in 110 volt, A C or 24 volt, D.C. for vessels up to 246' in length. 1386 Monroe St. Two Rivers, Wisconsin, 54S41 U.S.A. | | 414-793-4507 | | Circle 263 on Reader Service Card 8 27 EDITORIAL: The Power Play Six U.S. shipbuilders have come together to form the American Shipbuilder's Association. Here's a sneak preview of the group's plans, by Duane D. "Buzz" Fitzgerald, CEO, Bath Iron Works Passenger Vessel Annual MR/EN reviews some noteworthy pas- senger vessels delivered in 1994. Also, discover what's new at the Passenger Vessel Association show, including a preview of exhibitor plans. - 42 54 Casino Riverboat Review Business prospects are good in this niche market following legislative vic- tories in Indiana and Louisiana, by Dan Maniotis, Senior Editor European Update Speed vessels buoy the mid-size mar- ket: Vosper Thorneycroft starts market- ing new FRP hovercraft; FBMTriCat hits 52 knots in sea trials, by Andy Smith & Carol Fulford, International Editors MARKETS 14 Romania — The shipbuilding industry helps the country rebound, by Kathleen Gleaves, Contributing Editor 26 Financial Update 26B Propulsion Update — Cummins & Wartsila enter joint venture. 20 65 20 DEPARTMENTS MarAd News Classifieds STATISTICS Industry Trends SHOW PREVIEWS 28 PVA '95 60 IBEX '95 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photo- copying, recording or otherwise without the prior written permission of the publishers. MARITIME REPORTER AND ENGINEERING NEWS ISSN-0025-3448 NO. 1 Volume 57 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 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. Founder: John J. O'Malley 1905-1980 Member WBPA • INTERNATIONAL Business Publications Audit of Circulation, Inc. 4 Maritime Reporter/Engineering News
