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/}eln Us C&UtMllnq >Oih flnnlo&satif pubh you'i 1 cordially invited to join us in ling of our 60th year of marine ..^L By placing your advertisement in ]th Anniversary issue (October 1999), jpWmipart of marine publishing history! this issue, we will be providing a special four-ciMr, pull-out section that takes an depth look into the major events and hnological breakthroughs that have rea% ithin the maritime industry over |ntury. This "must-read" special or our 32,000 readers will be a Maritime guide that will be referred ^ain and again for decades. ismistoric editorial content and the ulation in the maritime industry, ytut company will benefit from the incredible expos ure for years to come. Therefore, our 'th Anniversary issue is an outstanding rg opportunity for you to stretch your tiswg dollars into the next century! f^wh Is is a milestone issue for iritime Reporter and a chronicle \ believe will be one of the greatest -trys for marine technology. •tss jthis great advertising opportunity! 7or more information, call us at 212-477-6700 or Manziano@marinelink.com. jr your continued support over the ' I hope you'll take part in this |cial end-of-century issue! Qehn C. C'/katley 7>u(>Ushe* On the Cover: Pictured is 897-ft. (273.4-m) Overseas Ohio at Cascade General Drydock. The ship was in for its biennial drydocking, which was a contract in excess of $5 million and included steel repairs, blasting and coating. Photo is copyright 1999 Cascade General Inc. 8 Melding of cultures Wartsila NSD has taken its latest step toward long-term prosperity via Italy, specifically re- titling and re-engineering Grandi Motori Trieste as Wartsila NSD Italia. — by David Tinsley 18 It's covered DNV debuts technology to speed surveys; IMO speaks out on potential TBT ban effects; More lessons learned from the Titanic tragedy. 26 One ship, multi-function Astilleros Espafioles has delivered the first two (of six) innovative stainless steel product/chemical carriers to Stolt. The ships are the model of multi-functionality, able to carry up to 700 differ- ent types of cargoes. 34 Revolutions or solutions? The design of a record breaking vessel; SLV's carve a lucrative niche, Project Pecan ... a nutty idea? Battling through adversity is the hallmark of the U.S. industry, which is firmly embarked on the road to consolidation. The U.S. Shipyard Orderbook (starting on page 60) is available in an electronic format at: www.mannehnk.com 3? 10 Marine Finance: Oslo's maritime shares bounce back. 13 Marine Finance: Is it time to buy secondhand ships? 15 Recent Ship Sales 28 Marine Engineering: Automated combustion analysis. 41 Marine Literature Review 48 Software Solutions 53 Country Focus: Germany 65 New Shipyard Orders 69 Buyer's Guide 72 Advertiser's Index 73 Classified/Professional Advertisements 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 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. a 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. © 1999 Maritime Activity Reports, Inc. Member INTERNATIONAL® Business Publications Audit of Circulation, Inc. 2 Maritime Reporter/Engineering News