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ram r iujj INDUSTRY TRENDS SNAME PUBLICATION CATALOG Just by Calling 800-798-2188 Call the SNAME Service Center at 800-798- 2188 to request your free copy of the SNAME Publication Catalog. It includes more than 100 titles covering every aspect of the art and science of marine engineering and naval architecture. When you call, tell us "I saw your ad in Maritime Reporter" and we will include a 10% discount coupon which you can redeem with your next purchase from the catalog. Better yet, call and order one of the SNAME publications below, and we'll send you your catalog, your 10% discount coupon, plus take $5.00 off the list price below! MPIiri F'tierSlass Boat Design l\M\ ! and Construction Robert J. Scott, Author For the small boat designer and builder... Fiberglass Boat Design and Construction provides basic insights into the properties of fiberglass as a boatbuliding material, includ- ing a thorough review of the characteristics of fiberglass materials and laminate design properties; critical data on the selection of structural loads, safety factors, deflection and vibration limitation; and sound, yet simple, approaches to analyzing fiberglass hull structures. Fiberglass Boat Design and Construction offers a practical, uncomplicated approach for designing and manufacturing with fiberglass with illustrations, and step by step design examples. 140 pages. Hardbound. Price per copy, $40.00, less $5.00 if you mention this ad. Naval Architecture for In! Non-Naval Architects Harry Bentord, Author By providing an understanding of the basic concepts and language of naval architecture, this book is the perfect companion for the maritime professional who is not a naval architect, but needs to be able to communicate effectively with naval architects. Written in engaging and easily understood terms, this volume concentrates on two aspects of naval architecture: design and analysis. Technical discussions are almost entirely qualitative rather than quantitative. 239 pp. Hardbound. $24.50, less $5.00 if you mention this ad. To Order Call 800-798-2188 With its unique characteristics — and characters — the maritime industry has always marched to the beat of its own drummer in the business world. However, the proliferation of recent high-profile mergers has the industry mirroring company-consolidating, employee- eliminating Wall Street corporate mavens, challenged to find the most efficient means to compete in the ever-changing global market- place. The consolidation of the maritime market is, by no means, a new occurrence. Shipyards and equipment suppliers of all sizes, worldwide, have been faced with declining military and government work, hence increased competition for commercial newbuild and repair business. As a result, the number of strategic and tech- nological collaborations — and bankruptcies — has mushroomed in recent years. On the vessel operation front, larger compa- nies have sought to get larger, while smaller competitors have, in general, fought to survive. Again, mergers, acquisitions and strategic alliances to ensure vessels sail in the most eco- nomical manner have been the norm rather than the exception. The containership market has led the way, by many counts, in this transportation transfor- mation, as the emergence of the global "hub and spoke" system has spurred a number of mergers and acquisitions. The latest announcements heralded the formation of the new, fourth-largest containership carrier in the world. One + One = One? Perhaps the most interesting collaboration recently announced was that of P&O and Nedlloyd. The two companies recently signed a memorandum of understanding which, in effect, creates the fourth largest container ship- ping company in the world. The agreement was for the merger of the com- panies' container businesses to form a major new European company, to be dubbed P&O Nedlloyd Container Line (P&O Nedlloyd). The new company will have a combined turnover of approximately $4 billion and a net asset value of $1.5 billion. "For some time now I have been convinced that the best way forward in the container shipping industry is through consolidation and rationalization internationally," said Lord Sterling, executive chairman of P&O. While some analysts have questioned the logic of such an arrangement, James R. McCaul, president of Washington, D.C.-based International Maritime Associates said: "Shares in P&O Nedlloyd will be held 50 per- cent each by P&O and Nedlloyd, with Nedlloyd making a balancing payment of $175 million to P&O to equalize the shareholdings. The new U.K. company will be based in London, with fleet management in Rotterdam. It is to begin operation as soon as possible, but no later than 12 Circle 296 on Reader Service Card Wartsila 8L46 Maritime Reporter/Engineering News
