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ON THE COVER Oil Mop, Inc. has long been recognized around the world as the proven leader in oil spill response, hazardous materials training, and spill response equipment. Now, our experience works for you to provide a total management solution to OPA 90 requirements. Oil Spill Response USCG "E" OSRO Classification Spill Response Advanced Planning OPA 90 Response Plans Spill Management OPA 90 Drill Management Personnel Training Oil Mop's planned program management not only simplifies your compliance efforts, but can significantly increase efficiency and reduce costs. To leam more, call our toll-free number and ask for the total solution to your OPA 90 compliance problems. 1-800-QIL MOP-1 ^•wn OIL MOPf Inc. P.O. Box 51271 Lafayette, Louisiana, USA 70505 One of the companies. Featured on this month's cover is the Baglietto-built Opus, a vessel with raceboat excitement and megayacH style interior, propelled via KaMeWa waterjets. A full report on the megayacht business — in the U.S. anl in Europe — starts on page 57. The inset picture is a diagram of the recently introduced Caterpillar 3500 Serie B engines. For more information on this versatile new engine, turn to page 44. Other propulsion technologj updates, and a comprehensive Marine Propulsion Directory, start on page 84. 46 57 84 Circle 313 oq Reader Service Card CRUISE SHIP ANNUAL Cruise ship capacity is set to expand dramatically through 1998. Get an insight into factors contributing to long term market growth, as well as a round up of the latest multi-million dollar or- dering spree, by Greg Trautfiwein, Editor PICKING UP SPEED... Megayacht builders attribute a rise in orders to a growing economy, by Dan Maniotis, Senior Editor MARINE PROPULSION SELECTION GUIDE Propulsion component manufacturers —driven by mandates concerning the environment and cost of operation — innovate to compete. Catch up on the latest technological advancements. PLUS: The Marine Propulsion Directory. v i mm - MARKETS 33 Financial Update: Financing is key to fuel the growing maritime industry 41 Yard Review: Intermarine 44 Propulsion Update: Caterpillar de- buts new engine series 66 Marine Coatings & Corrosion Control: Catch up on new IMO rules 81 Dredging: National policy embraced 93 Ship & Boatbuilding Technology STATISTICS 20 Recent Ship Sales 20 Tanker Scrapping Rates 75 Industry Trends 81 Dredging Contract Awards SHOW PREVIEWS 109 Ports '95 DEPARTMENTS 100 Calendar 109 Fast Action Reader Service Card 113 Classifieds 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 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 No. 2 Volume 57 Founder: John J. O'Malley 1905-1980 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 undeiiverable 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 WBPA • INTERNATIONA! Business Publications Audit of Circulation, Inc. 4 Maritime Reporter/Engineering News
