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Oslo Approves Secondary Share Listing For Cruise Line Royal Caribbean International said that it will go ahead with a secondary share listing on the Oslo Stock Exchange, which the compa- ny believes is reflective of the glob- al nature of its business and its Scandinavian links. No new shares will be issued as part of the sec- ondary listing. The Oslo Stock Exchange said its board had approved the applica- tion, and thus RCI will be the third cruise shipping firm listed, after NCL Holding and Miami-based Cruise Holding Ltd. SUNY Maritime Announces Tuition Breaks For Mid- Atlantic Scholars Pennsylvania Gov. Tom Ridge recently signed an agreement with New York Gov. George Pataki to provide major tuition cuts for Pennsylvania residents who wis! to attend the State University oi New York Maritime College at Fori Schuyler. "Under this agreement, Pennsylvania residents will be able to attend a first-rate maritime college while enjoying in-state tuition rates of $3,400 annually, rather than the out-of-state $8,300 rate," Gov. Ridge said. The col- lege will receive an additional $100,000 annual grant from MarAd for its regional academy status. The newly-designated regional status will also enable the college to offer the same reduced tuition rates to five other states — Connecticut, New Jersey, Maryland, Virginia and Delaware — none of which have their own maritime colleges. Tacoma To Break Ground For Hyundai Terminal Construction The Port of Tacoma was to begin construction of a new container terminal for Hyundai Merchant Marine (America) during a groundbreaking ceremony sched- uled for August 13. In April of this year, the company — a subsidiary of Korea's Hyundai Merchant Marine Co., Ltd. — signed a 30-year lease for a 50-acre container terminal on the Port's Blair Waterway. The facility is scheduled to be in operation by mid-1999. Cascade General Begins $ 14 Million Conversion Project Cascade General Shipyard in Portland, Ore., is performing a $14 million conversion and recommi- sion on a former U.S. Navy frigate for its new owner, the Royal Thai Navy. Work on the 440-ft. (134-m) Knox class ship will include: sys- tem reactivations; electronic and equipment upgrades; repairs to boilers, pumps, propulsion sys- tems, stabilizer and rudder; dry- docking; and coating. Cascade is one of a few repair yards contract- ed to activate ships through the Foreign Military Sales (FMS) pro- gram of the Naval Sea Systems Command (NavSea). "Our people have performed well on past FMS contracts — we've been able to apply our com- mercial repair expertise to this 0 Autodesk. o you were surprised to get the entire design package so fast! That's because you haven't visited our offices recendy. Our Autoship systems have speeded up our work - and they let us use all of our knowledge, experience and creativity to develop the design that best meets the needs. How do we do it now? Once we've optimized the ship numerically, we design the hull form in Autoship. It's a full NURBS-based 3-D modeling program and it's automatically faired. Throughout, we can check hydrostatics and resistance on-line with Autopower. That saves us a lot of time, and we use it to look for extra speed. Next, we define all the tanks and compartments in Autohydro. Calculating volumes and balancing the ship is easy and quick, so we can spend more time to optimize the layout We define the structural members in Autobuild; the program automatically checks for interference and generates a bill of materials and a complete list of weights. That eliminates manual drafting, saves the yard manhours, and reduces the usual worry about weight. To save even more, we can export direcdy to NC cutting machines, radically reducing lofting and nesting costs. Yes, all these programs come from the same place - Autoship Systems, the world's largest developer of Windows™-based marine software. With Autoship, the entire design process, from concept to cut plates, is a smooth, seamless flow. Autoship helps us produce better designs, faster, with lower construction costs...benefits you appreciate, and our competitive edge! Gain the competitive edge! Contact Autoship today for your free demo disk and catalog Hydrostatics Power & Resistance Construction autoship Systems Corporation 403 - 611 Alexander St. Canada V6A 1E1 Tel 604. 254 4171 Fax 604. 254 5171 Net bpedret@autoship.com UK • FRANCE • AUSTRALASIA POLAND • CROATIA - RUSSIA 16 Circle 214 on Reader Service Card Maritime Reporter/Engineering News
