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STRAINERS, FILTERS TRANSFER VALVES TRANSFER PUMPS ON THE COVER Rugged Construction—Cast Iron, Steel, Stainless, Bronze and Other Alloys. Flanged, Threaded or Weld-End. Model 72 Simplex & Duplex Strainers For fuel oil. lube oil, cooling water or any fluid service. Protects pumps, nozzles, meters, heat exchangers and process lines. Size 1/4" to 12" and larger. High pressure/temperature special designs available. Model 73 Sea-View Strainers Simplex- Duplex Cast bronze body with transparent sump permits instant visual inspection of flow and collected debris. Sizes 1" to4". Model 72AA Transfer Valves Six (6) port plug valve for duplexing two tanks, heat exchangers, filters, % or other systems with mini- mum piping and space. Easy 1/4 turn, one stroke plug valve operation switches flow from one side to the other. Sizes 3/4" to 8" and larger. High pressure/temperature special de- signs available. Model 60 Pumps General line of cast iron fuel and lube oi I pumps—direct connected for I ight oils, reduction drives for heavy oils. High temperature special designs available. Sizes 3/8" to 2". ml 1 KRAISSL CO. 303 Williams Avenue., Hackensack, N.J. 07601 Tel: (201)342-0008 • Fax:(201)342-0025 Technology in the design and construction of vessel and maritime equipment is the focus of MR/EN's first-ever MARINE TECHNOLOGY YEARBOOK. On the cover is the new FastShip design, introduced late last summer. It — and many other — next generation projects in the works are featured starting on page 53. 8 53 Product Tanker Market Set For Growth IMA estimates that 30 percent of the current world inventory of product tankers will reach replacement age over the next five years. Read up on who's building, who's buying and who's supplying. — by James R. McCaul Marine Technology Yearbook Next generation technologies in shipbuilding, design and equipment supply are devised to make vessels safer and more efficient. Circle 263 on Reader Service Card / N-f -XT-*?*X>m<7>IWM Principle of Hi-Stable Cabin Craft(HSCC) 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. 72 The Hi-Stable Cabin Craft — a pitch-free and roll-free ship developed by Mitsubishi — is just one example of next generation technology under development in the maritime industry. The MARINE TECHNOLOGY YEARBOOK starts on page 53. WWII: 50 YEARS AGO Special retrospective "scrap- book" detailing the contribu- tions made by the shipbuilders and the U.S. Merchant Marine. 11 46 84 88 36 86 95 79 102 104 86 106 117 118 Markets Propulsion Update: Cummins, Wartsila cement partnership in London Ship Design: Carnival unveils 100,000-ton cruise ship Review: RIBs, Skiffs & Small Workboats European Update: RIBs & Skiffs Statistics Recent Ship Sales Industry Trends World Vessel Orders Placed Show Previews ASNE Day '95 OTC '95 RTCM '95 Departments "50 Years Ago In..." Calendar Fast Action Reader Service Card Classifieds MARITIME ENGINEERING NEWS ISSN-0025-3448 No. 4 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. Member WBPA • INTERNATIONA! Business Publications Audit of Circulation, Inc. Founder: John J. O'Malley 1905-1980 4 Maritime Reporter/Engineering News rAa-kyyti-fmuxntW) Control Computer XKMffitR Panel Main Hull ittoxtttttuKa Motion Sensor on Hull Universal Joint Hydraulic Cylinder wun Trim Tub Hydraulic Power Unit