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INTERIORS QUALITY PRODUCT AND SERVICE FOR NEW CONSTRUCTION, CONVERSION OR REFURBISHING On The Cover Pictured on this month's cover is S.G. Prosperity, one of MR/Etts Great Ships of 1996. Built by Korea's Daewoo Heavy Industries, the 211,320-dwt bulk carrier is powered by a Hanjung MAN B&W 7S70MC main engine which is rated 23,950 bhp at 81.5 rpm. The Great Ships review starts on page 29. GREAT SHIPS OF 1996 This year's review of outstanding ships includes 18 vessels from some of the world's most prolif- ic builders. The Great Ships section starts on page 29. Jamestown Metal Marine Sales, Inc. 4710 Northwest Second Avenue Boca Raton, Florida 33431 (407) 994-3900 FAX: (407) 994-3969 JAPANESE MARINE TECHNOLOGY Shipbuilding and marine product innovation continue to be hallmarks of the Japanese maritime industry. — by Greg Trauthwein, editorial director PICTURED IS KAWASAKI'S apple slot, a new design which eliminates the need for the auxiliary ribs that are fitted to conventional frames. ALSO IN THIS EDITION 10 12 Boxes Wide: Climb aboard an innovative containership from Germany which can carry 12 contain- ers across in the hull of a Panamax size vessel. — by Graeme MacLennan, international editor 18 I* Bigger Better? The new Carnival Destiny — the largest cruise ship in the world at 101,000 gt — cruised into New York recently and Associate Editor Bridget Murphy climbed aboard to report on this technolog- ical wonder from Italy. 19 EUROPEAN UPDATE — by Carol Fulford & Andy Smith, contributors 24 FAR EAST UPDATE — by Alan Thorpe, international editor 51 MARINE FINANCIAL REVIEW 61 FERLISHIP's Contracts Recorded Circle 243 on Reader Service Card @®EQ0mgj urn tomrosG^o oo • U.S. Maritime Review • Shipbuilding Materials • Propulsion Selection Guide • Outstanding Passenger Vessel Awards Subscriptions: One full year (12 issues) SI 8.00 in U.S.; outside of U.S. S96.00 including postage and handling. For subscription information, contact: Dale Barnett, fax: (212) 254-6271. AND ENGINEERING NEWS ISSN-0025-3448 USPS-016-750 No. 12 Vol. 58 118 East 25th Street New York, NY 10010 (212) 477-6700 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. 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. Canada Post International Publications Mail Product (Canadian Distribution) Sales Agreement No. 0970700. Printed in U.S.A. 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