View non-flash version
MARINE FINANCE Set four Clock For 2002: New ASIS report finds that next big push of tanker building to tab place between 2002-2004 Shipbuilding demand for tankers will increase between the years 2002-2004, boosted by the demand for replacement tonnage from scrapped 1970s-built VLCCs, while demand for bulk carrier newbuildings will turn positive in 2001 and steadily increase, accord- ing to a study released by The Association for Structural Improvement of The Shipbuilding Industry (ASIS), Japan. ASIS, which has been conduct- ing research on world shipbuilding demand since 1991, based this Atlantic Marine, /no- (Jacisono-iffle, Florida ^mmmmmmmmmmmmmmmmmmmmrn Atlantic Marine, /no. - Mo&itfe, Alabama Four Yards To Serve You. Tthe ATLANTIC group of shipyards is known throughout the world for quality shipbuilding, conversion and repair. Conveniently located on the East Coast and Gulf Coast, our reputa- tion for quality workmanship, on-time delivery and competitive pricing is unsurpassed. Call us today to discuss your shipbuilding or repair needs. tlantic Subsidiaries of Atlantic Marine Holding Company: in Jacksonville, Florida Atlantic Dry Dock Corp. Repairs & Conversions Atlantic Marine, Inc. New Construction tel 904/251-3111 fax 904/251-3500 in Mobile, Alabama Alabama Shipyard, Inc. Commercial Shipbuilding Atlantic Marine, Inc. Repairs & Conversions tel 334/690-7100 fax 334/690-7107 Visit our website. www.atlanticmarine.com year's results on two scenario because of the uncertainty of th Asian financial crisis. The repor contains medium and long-terr shipbuilding requirement fore casts for tankers and bulk carrier of 10,000-dwt and above unt: around the year 2010. (In the ensuing report, scenari A assumes that the Asian econom will recover within a short tern i.e. about two years; scenario assumes that the Asian econoir will recover in about four years.) The World Economy Economic expansion in the U. has continued since spring 199 The highest growth rate in the la nine years was achieved in 199 Although this growth will slight decrease after 1998, U.S. econoir growth is expected to continue be stable for the time being. European economies have bei improving since late 1996 and a expected to continue after 19£ As a whole, Europe will maints economic growth despite var: tions from country to country. Japan, reduced disposable incoi and a severe business climate ha adversely affected the entire ec( Seaborne Trade 2,500 (bulk cargoes) 2,000 1,500 1,000 500 1997 2010 2,500 2,000 1,500 1,000 500 Seaborne Trade (oil) 1997 201 Atlantic Dr
Doai, Corp, - (Jac£sono-A) Florida 10 Circle 203 on Reader Service Card Maritime Reporter/Engineering N