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EXCLUSIVE AGENT MARITIME REPORTER AND ENGINEERING NEWS j r SWEDEN / AB STEPHAN R G ORN P.O. Box 184 S- 271 24 Ystad SWEDEN Telephone: +46 411 184 00 Fax: +46 411 105 31 e-mail:marine.marketing® stephan-orn.se Pictured on this month's cover is Royal Caribbean's record-breaking Voyager of the Seas. When it comes on line later this year, the 142,000-ton, Kvaerner Masa-Yards built ship will hold the title of the world's largest cruise ship ever. See this month's cruise ship industry cov- erage, starting on page 24. Say what? The increasing array of notations, optional nota- tions and descriptive notes by classification soci- eties are critical to determining a vessel's attri- butes. — by David Tinsley CRUISE ANNUAL 24 Getting Up To Speed Passengers are plentiful and the U.S. — the industry's primary market — is enjoying a pros- perous economy. The only problem facing the Big 3 is getting ships sailing quick enough. Welcome Aboard Check out the "Welcome Aboard in 1998" boxes throughout the Cruise section to find sig- nificant new deliveries of the past year. 30 Inside Out Gaining and keeping good cruise customers depends largely on a ship's internal beauty and amenities. — by Julie Parmentier 38 Keeping A Shipshape Bottom Line Lost in the glitz of the cruise ship hype is the business aspect of keeping fleet and company above water. Here are profiles of the industry leaders. 30 Norwegian Maritime Review Keeping its edge in the international maritime arena, Norwegian companies invest and expand to compete. — by David Tinsley 14 Marine Finance 56 Marine Engineering: Award Winner Stern Flap 64 Oil Spill Technology 68 Ship Repair & Conversion 72 Navigation & Communications Equipment 81 Buyer's Guide 86 Classifieds 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; e-mail: bar- nett@marinelink.com 118 East 25th Street New York, NY 10010 (212) 477-6700 AND ENGINEERING NEWS 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 oth- erwise without the prior written permission of the publishers. No. 2 Vol. 61 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. 2 Maritime Reporter/Engineering News