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ON THE COVER QUALITY PRODUCT AND SERVICE FOR NEW CONSTRUCTION, CONVERSION OR REFURBISHING I I —KgC Jamestown Metal Marine Sales, Inc. 4710 Northwest Second Avenue Boca Raton, Florida 33431 (407) 994-3900 FAX: (407) 994-3969 Circle 234 on Reader Service Card The fast ferry market has quickened the pulse of many boat owners, builders and suppliers alike. Inspired by an ever-growing orderbook, companies around the globe are pouring time, effort and money into developing next generation technologies to make the vessels faster and safer. The Fast Ferry Update begins on page 28. 14 34 46 SCANDINAVIAN INDUSTRY Shipbuilding activity is picking up in Scan- dinavian countries, and the possible re- turn of some Swedish yards to the com- mercial shipbuilding ranks has created a buzz. — by Alan Thorpe, international editor PLUS... Contract & Company Updates. KaMeWa waterjets being installed on new Finnyards-built fast ferries. TANKER TECHNOLOGY While VLCC newbuilding is centered in Japan & Korea, many yards in other coun- tries are filling a demand and cashing in by converting existing tonnage to FPSOs and specialty shuttle tankers. — by Alan Thorpe, international editor KMY-built LNG is 70 percent complete. 28 33 44 54 MARKETS FAST FERRY MARKET: Builders and suppliers gear up to fill owners' "need for speed." YARD REVIEW: Bollinger finding commercial business at home and abroad. Marine Fuels, Lubricants & Additives Deck Machinery & Cargo Handling Review 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. STATISTICS 12 Industry Trends 41 New Orders Placed SHOW PREVIEWS 25 Cruise + Ferry 61 Nor-Shipping DEPARTMENTS 62 "50 Years ago in MR/EN..." " 69 Classifieds MARITIME REPORTER AND ENGINEERING NEWS 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 ISSN-0025-3448 No. 5 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 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 • INTERNATIONAL Business Publications Audit of Circulation, Inc. EUROPEAN UPDATE European builders have had strong showings at recent defense exhibitions ... Malta Drydocks' business & facilities expanding rapidly... EU directive could seriously affect ship re- pair yards, by Carol Fulford & Andy Smith The minehunder Hellevoetsluis passes through the Thames Barrier. 4 Maritime Reporter/Engineering News
