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Exclusive Agent for MARITIME REPORTER AND ENGINEERING NEWS IN THE COUNTRY OF ITALY tzorl^^-^-^nr Hlillg, ^./'^W < ""Slovenia x Milun jc.v'^'.vm " rrt-'i) S C'-IIOJL .'jtWW - . T. , Dol'jcfha Rim ii U-'arraff/wr* LA y. -f.' mm • ••' \ i^i... "jDWwIlLfi. X '.T*iti'«:chft Rome I 0(<|l« P^Bf Naples •*Wt'i I- 5 1 _ . lie' * Ssu i snt* ralenriu '•l^iiiu. IliJilll ™ W H ?<|< O < '.!!*! to"' . Cn-JT l. IIJrKBv . /mux i,'tj j. k i y Ediconsult Internationale S.r.l. Piazza Fontane Marose 3-16123 Genoa Italy TEL: +011-39-10-583684 FAX: +011-39-10-566578 For information about advertising from Italy contact Mr. Vittorio Negrone MARITIME AND ENGINEERING NEWS ISSN-0025-3448 USPS-016-750 NO. 7 Vol. 60 118 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. © 1998 Maritime Activity Reports, Inc. Member INTERNATIONAL® Business Publications Audit of Circulation, Inc. Maritime Reporter/Engineering News 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. Pictured on this month's cover is the Incat-built Catalonia. The vessel, owned by Buquebus, set a new trans-Atlantic speed record in a 3,125 dash from New York to Spain. The vessel aver- aged 36.65 knots, powered by four Caterpillar 3618 diesel engines generating 28,800 kW and driving four Lips jet propulsion units through Renk gears. This edition of MR/EN includes a feature on Catalonia's record-breaking run on page 20, in addition to a full run-down of Diesel Engine Manufacturer's latest product range, starting on page 69. 8 Investment In Design Sea Launch prepares for its designed duty. 17 Delivery Astilleros Espanoles has delivered Jo Tankers a pair of state-of-the art stainless steel chemical tankers. 18 Maritime History Dr. Robert Ballard, who discovered Titanic, has found the USS Yorktown. 26 Country Focus Italian niche expertise has helped smooth the road toward privatization. High In The Sky Inmarsat addresses the Year 2000 problem. Cruise Industry Annual There is no end in sight to the torrid pace of cruise industry newbuilding. Diesel Power Annual Technical directory of diesel power offerings. Marine Finance New & Notable Gulf Coast Report Ship Repair & Conversion CAD/CAM Buyer's Guide Classifieds