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MARITIME REPORTER AND ENGINEERING NEWS Built at Italy's Rodriquez Cantieri Navali, Segesta Jet is a 165.5-ft. (50.5-m) fast ferry capable of carrying 500 passengers at more than 30 knots. 8 Ships of the Future The containership component of the world fleet has grown 8.7 percent over the past five years alone, and the prospect of considerable volume growth during the next 10 years drives the industry to achieve ever-higher efficiencies per slot. — by David Tinsley 62 Ship Repair Challenges Both the ship repair and conversion industries an undergoing some difficult times at present, with owners and operators in the conventional ship- ping and offshore market suffering from low incomes. ALSO IN THIS EDITION 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: barnett@marinelink.com 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 34 Finnish Technology While Kvaerner's pull-out of the ship- building business will undoubtedly change the balance of maritime might, the Finnish maritime infrastructure has built and will maintain a technological edge. — by David Tinsley Marine Finance Booming oil boosts OSE Maritime Law U.S. Flag Cruise enjoys growth Canadian Maritime Report Software Solutions Fuels, Lubricants & Additives ASNE Day Preview Marine Literature Review Buyer's Guide Advertiser's Index Classified Advertising EXCLUSIVE AGENT Weighty Issues Minimizing weight while maintaining structural strength and integrity is crucial to all who design, build and own vessels. MR/EN exam- ines recent successes and notable developments in the area of advanced marine materials. MARITIME A H'l'Ail: AND ENGINEERING NEWS ISSN-0025-3448 USPS-016-750 No. 5 Vol. 61 118 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 Business Publications Audit of Circulation, Inc. 2 Maritime Reporter/Engineering News
