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QUALITY PRODUCT AND SERVICE FOR NEW CONSTRUCTION, CONVERSION OR REFURBISHING Jamestown Metal Marine Sales, Inc. 4710 Northwest Second Avenue Boca Raton, Florida 33431 (407) 994-3900 FAX: (407) 994-3969 Circle 251 on Reader Service Card ON THE COVER Pictured on the cover is M/V Knock Muir, a 146,000-dwt Suezmax oil tanker built by Harland & Wolff Shipbuilding & Heavy Industries, Ltd., Belfast. The ship features a double hull and coin carry one million bar- rels of oil. Tanker Technology is a focus of this edition, and the section starts on page 36. 35 To build oir not to build...1" With oil business in the Gulf of Mexico picking up, the question is no longer if, but when orders for next-generation offshore vessels and rigs will start rolling in. 36 TANKER TECHNOLOGY: Astilleros Espanoles delivers Sirius I, the first oil product carrier designed and built in Europe to ShipRight specifications; Alabama Shipyard pre- pares to start building Skipskonsulent-designed chemical tankers. Business Boom * IMA ASSOC. reports on Floating Production Systems. On the Mend • Drewry report details chemical tanker market comeback. Advanced designs of vessels and equipment propel in fast ferry perfor- mance and safety improvements. Also in this edition 8 Bulk Carrier Update: Newbuildings increase competition. 10 Financial Update: Electronic communications speeds ship financing. fitofe© OdODD 1 3 ABB Flakt & Fincantieri team to install revolutionary equipment on cruise ship. %% BBN works to control noise and vibration. 31 Propulsion Update: MAN B&W Holeby genset wins design prize. 33 Propulsion Update: Sistemar extends range of propeller applications. 54 Company & People News 62 Product Review: Fuels, Lubes & Additives Data & Statistics 67 RECENT SHIP SALES FULL DETAILS ON PAGE 77 FoHlshlps New Contract* Received, March '96 Tanters(18) • Cortainer (15) a Bute carriers (10) • Passenger (4) LPG(3) • Other (19) Mew Orders From Japan Yards, Martii "96 •Cargo (39) • Tanker (10) d Others (3) MARITIME AND ENGINEERING NEWS 118 East 25th Street New York, NY 10010 (212) 477-6700 ISSN-0025-3448 USPS-016-750 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or oth- erwise without the prior written permission of the publishers. No. 5 Vol. 58 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 mailing 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 editorial material. © 1996 Maritime Activity Reports, Inc. Member INTERNATIONAL Business Publications Audit of Circulation, Inc. 4 Maritime Reporter/Engineering News
