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major transshipment point for other west and central African states. Otal currently operates three container ships and four large RoRo vessels which call at Ivory Coast. NCL Buys Cruise Ship NCL Holding has completed the purchase of the 1,056-passenger cruise ship Royal Majesty. The company — which earlier last week said it will apply for a listing in the U.S. — said the 1992- built ship will sail as part of the NCL fleet from November 10 under the new name Norwegian Majesty. NCL additionally revealed that it is making a $50-million private share placement to help finance the purchase of another vessel, the 1,186 berth Aida. NCL said in August that it would pay $180 million to buy the Aida from German company Deutsche Seetouristik GmbH. Hemen Holding Acquires Six ULCCs Frontline's main shareholder Hemen Holding, has reportedly acquired six Ultra Large Crude Carriers (ULCCs) from the Greek ship owner Latsis. Hemen Holding reportedly intends to establish a separate company which will own the six oil tankers, as well as two VLCCs — Fellowship and Friendship — which are controlled by Hemen Holding. The new company will reported- ly be listed on the Oslo Stock Exchange, probably before the end of the year. The six ULCCs — ranging in size from 357,000 dwt to 555,000 dwt — were estimated by shipbro- kers to have a value of $125 mil- lion to $130 million. IMO'sO'Neil: People Key To Safety At Sea Increased vigilance and adher- ence to safety procedures and not new regulations are the key to improving safety at sea, said secre- tary general William O'Neil, the head of the International Maritime Organization (IMO), in a message for World Maritime Day. "This is a problem that cannot be solved by adding more regulations. It requires a change of attitude — the adoption of a culture which puts safety at the top of its priori- ties." "Accidents do not just happen, they are caused...by people making mistakes. If we can correct this, then we can reduce accidents and save lives and property," he said. O'Neil said changes to regula- tions have often had little relation to the cause of accidents and so do nothing to prevent them from being repeated. Two new regulations adopted by IMO will help the process of ensur- ing seafarers are able to imple- ment safety systems, he said. Amendments to the Standards of Training, Certification and ®OLO 23731 Madison Street Torrance, CA 90505 900 8 1/2" Sterling Silver $45 10kt Gold $235 14kt Gold $295 18kt Gold $355 1000 8 1/2" Sterling Silver $60 10kt Gold $350 14kt Gold $490 18kt Gold $595 1100 8 1/2" Sterling Silver $195 10 kt Gold $899 14kt Gold $1225 18kt Gold $1475 2100 8 1/2" Sterling Silver $215 10kt Gold $1205 14kt Gold $1685 18kt Gold $2195 Each Chain is Handmade Link by Link. Any Length Size Available. All Anchor Chains Available in Lobster, Shackle & Pin, Hidden or Brummel Clasps. 3100 81/2" Sterling Silver $271 10kt Gold $1728 14kt Gold $2448 18kt Gold $2975 4100 8 1/2" Sterling Silver $356 10kt Gold $2641 14kt Gold $3697 18kt Gold $4435 3100HC 8 1/2" Sterling Silver $285 10 kt Gold $1820 14kt Gold $2560 18kt Gold $3325 t I 1000 ' 0 1 B A JJ a <1 ,Q % > 3100HC For a Free Catalogue or to Place an Order, Please Call Tel: 1-800-368-5595 Fax: 310-791-5102 Circle 308 on Reader Service Card October, 1997 109
