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» On The Cover Pictured on the cover is a photo of an underwater propeller repair performed by Lips Subsea. The Lips Subsea team, led by Kimo Mackey, specializes in this service and is on call around the world to get vessels, fixed and underway quickly. See the story on Lips Undersea in the Ship & Boatbuilding Technology section, which begins on page 27. 16 European Update Royal Viking Sun welcomed in Malta; Vosper Thorneycroft sees profits increase. A Jj^v 27 Ship & Boatbuilding Technology i New technology drives offshore marljet in the Gulf of Mexico... New gen- eration of self-unloading cargo ships is born... Lips Subsea takes propeller repairs down under. x EDITION 72 MARKETS ON THE MOVE Mobility is a key factorchiving two ancilliarymarket opportunities, FPSO's and barge-mounted power plants. ALSO IN THIS 1 2 PROPULSION UPDATE: Wartsila reduces NOx emissions on Vasa 32 engines. 20 MARKET REPORT: International Association of Classifications Societies looks to improve bulker safety. 22 FAR EAST UPDATE: TSL Project garners Japanese ^ward; Chinese builder woos German owner. — by Alan Thorpe, international editor. 38 DECK MACHINERY & CARGO HANDLING EQUIPMENT REVIEW 58 PROJECT UPDATE: Eletson's first Double Eagle tanker is quickly taking shape at Newport News Shipbuilding. 80 People & Company News 89 Recent Ship Sales 92 Calendar of Events 96 U.S. WEST COAST MARITIME REVIEW 98 FERLISHIP's New Contracts Received 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 E Subscriptions: One full year (12 issues) SI8.00 in U.S.; outside of U.S. $96.00 including postage and handling. For subscrip- tion information, contact: Dale Barnett, fax: (212) 254-6271. 118 East 25th Street New York, NY 10010 (212) 477-6700 AND ENGINEERING NEWS 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. 8 Vol. 58 Founder: John J. O'Malley 1905 - 1980 Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Periodicals 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