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CRUISE SHIPPING REVIEW • Dollars & Cents B-15/A-60 CEILING HANGER, ROCKWOOL B-15/A-60 PANEL V SYSTEM CEILING NO-HANGER V. TYPE PRE-FAB TOILET/SHOWER UNITS B-CLASS 'doors A,B, lC-CLASS. ACOUSTIC FLOATING FLOOR V A-60 j THE BIP PANEL SYSTEM HAS BEEN USED SUCCESSFULLY THE WORLD OVER IN CONSTRUCTION OF FIRE RESISTING ACCOMMO- DATIONS IN SHIPS AND OFFSHORE STRUCTURES FOR MANY YEARS. WITH OUR STATE OF THE ART 24 HOUR PRODUCTION LINE, WE STRIVE 365 DAYS TO MEET YOUR SCHEDULE, QUALITY, ON TIME DELIVERY, COMPETITIVE PRICING, ALL FACTORS MAKING BIP THE #1 PANEL MANUFACTURER IN THE WORLD. THE SYSTEM IS IDENTICAL TO THE EUROPEAN BRANDS, BUT APPROXIMATELY 15% LESS EXPENSIVE. THE SYSTEM CARRIES CERTIFICATES OF APPROVAL FROM MOST CERTIFYING AUTHORITIES (SOLAS, USCG, CCG, ABS, DNV, DOT, GL, BV, LR) AND IS BACKED BY A TWO YEAR WARRANTY. KOREA • CROATIA • FRANCE • SPAIN • MIAMI • NORFOLK • SAN DIEGO • SEATTLE • GULF PORT • VANCOUVER, BC • HALIFAX, NS 3830 WILLIAMSBURG PARK BLVD. • SUITE 7 • JACKSONVILLE, FL 32257 • (904) 448-6460 • FAX (904) 448-9525 CORPORATE HEADQUARTERS Circle 260 on Reader Service Card BRUNVOLL ARE PRODUCERS OF Tunnel Thrusters Azimuth Thrusters Control Systems Low noise Thrusters EBP YOUR ONE STOP FOR ALL YOUR ACCOMMODATION NEEDS MARINE ACCOMMODATIONS, INC. Exclusive Representative Panel System Tailor-made Thrusters for Tailor-made Ships BRUNVOLL TELEPHONE + 47 71 21 96 00 FAX + 47 71 21 96 90 BRUNVOLL A.s. 6400 MOLDE NORWAY e-mail: office@brunvoll.no www.brunvoll.no Circle 211 on Reader Service Card J Maritime Reporter/Engineering News Princess Cruises Helps Steady P&O In '98 While the general shipping mar- ket took a considerable beating during the past year — due in large to perennially low freight rates in the oil transport, drybulk and container sectors — Peninsular & Oriental Steam Navigation Co.'s diversification, particularly its Princess Cruises Division, helped maintain a sem- blance of stability. As of December 31, 1997, the Princess Cruise Division accounted for 26 percent of the group's net operating assets, a figure which is anticipated to increase. It was quite a year for Princess, marked by the introduction of the world's largest cruise ship (for now, at least) in the spring. Although Grand Princess' debut was slightly delayed by last minute, customer- mandated modifications, it has made quite a splash in an industry which is notorious for its one-ups- manship. The $430-million ship helped increase Princess Cruises' capacity in the third quarter of 1998, as it ran 100% filled (2,600 berths) for the entire quarter. 3rd Quarter Year to Date 1998 1997 1998 1997 Princess Cruises 1,230,506 1,129,768 3,234,654 3,041,868 P&O Cruises (U.K.) 352,382 362,840 1,058,186 1,115,160 Capacity Achieved (pbd's) 3rd Quarter Year to Date 1998 1997 1998 1997 Princess Cruises 1,245,733 1,130,586 3,246,027 3,035,783 P&O Cruises (U.K.) 356,366 366,490 1,036,035 1,076,510 Load Factors (%) 3rd Quarter Year to Date 1998 1997 1998 1997 Princess Cruises 101.2 100.1 100.4 99.8 P&O Cruises (U.K.) 101.1 101.0 97.9 96.5 pbd = passenger berth days. Growing The Goliath Led by the ubiquitous Richard Fain, Royal Caribbean has embarked on a fleet expansion of historic proportions, as it will add four ships and 10,000 berths in the first two years of the new millenni- um, including the world's first gas turbine powered cruise ship. It will soon add to its line-up the world's largest cruise ship, regain- ing the title held by Princess Cruises. The $500-million Voyager of the Seas, measuring 1,020 ft. (311 m) and 142,000 tons, is currently under construction at Finland's Kvaerner Masa Yards' Turku facil- ities and appears to be on schedule for an October 1999 delivery. The company currently has firm con- tracts for two additional Eagle class ships, but has indicated that its Eagle fleet could number six. ROYAL QUintAN • Partition & Lining Panels • Ceiling Panels • Pre-Fab Toilet/Shower • Floating Floors • Joiner Doors • Marine Furniture • Galley & Laundry Equipment • Engineering CAD System • Installation & Supervision 3000 THRUSTERS delivered and more than 1800 Ships equipped with BRUNVOLL THRUSTERS