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HOLLA exploring Circle 347 on Reader Service Card AND ENGINEERING NEWS 118 East 25th Street New York, NY 10010 (212) 477-6700 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 ottv erwise without the prior written permission of the publishers. No. 3 Vol. 60 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. © 1998 Maritime Activity Reports, Inc. Member INTERNATIONAL® Business Publications Audit of Circulation, Inc. 78B Maritime Reporter/Engineering News Marine Finance From The Bridge: MR/EN spent a night aboard thejFinnish ice- breaker Fennica to experience the results of a new ECDIS project first-hand. Gulf Coast Update: As the price of oil drops, so too does the confidence of a sustained GOM boom market. Legal Update New & Notable Bunker Fuel Monitor; Recent Ship Sales WORLD SHIP REPAIR TECHNOLOGY Marine Electronics & Nav/Com Review Marine Paints & Coatings Marine Literature Review COUNTRY FOCUS: SINGAPORE -——• People & Company News Buyer's Directory Advertiser's Index .... • - Classified The sophisticated control of flow increases propulsive efficiency, making this the ideal solution for us since it must be born of a profound knowledge of hydrodynamics. With this technology we computer design propellers to maximum efficiency, extreme durability and exceptional smoothness. Testing time is reduced to a minimum by designing and manufacturing exactly to design point, and overall efficiency is improved by optimizing propeller geometry and secondary characteristics to best fit environmental flow and vessels dynamics. ROLLA SP PROPELLERS SA VIA SILVA, 5 P.O. BOX 251 6828 BALERNA SWITZERLAND TEL. 091 -695 20 00 FAX 091 -695 20 01 Pictured on the (over: Disney Magic pictured at Fincantieri. The ship, dubbed thel Modern Classic by its owners, is extensively profiled starting on page 38. Subscriptions: One full year (12 issues) $18.00 in U.S.; outside of U.S. $96.00 including postage and handling. For subscription information, contact: Dale Barnett, fax: (212) 254-6271.