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Pictured on the COVer: Crystal Harmony.was built by Finland's Kvaerner Masa-Yards'

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The 50,200-gt vessel is propelled by a diesel electric package which includes Wartsila Diesel engines and ABB motors. •••Where no one has gone before

The cruise industry continues its era of unbridled expansion, with regular news of new half-billion dollar ships becoming the norm. Contributing writer Bridget Murphy speaks to executives at the leading cruise ship companies to determine if the best is yet to come. The section begins on page 37.

PLUS: Disney Magic is set to hit the high seas (page 56).

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Cl M -T.. l -.4 1p - -rfl rj:;t t • T • • ! 8 Engine Rooms, Where It's Make Or Break

Engine rooms constitute a ISrge percentage of a ship's initial and lifecycle costs. David Tinsley explores developments to get the mos for the money. \ \ t )

I '*"- "" ' "Zt > 55jX£ S3 32 Maritime Asia i v Jgs .. -.- \ -••'—" . .jk -t > V .

Japanese shipyards are exhibiting trademark resiliency in the face of the unbelievable Asian financial fallout. — by David Tinsley 65 Navy: The Next Generation Is Now

Sneak a peak at the next-generation aircraft carrier — CVN 777 — which is under development now.

Marine Finance

Safety At Sea

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People & Company News

Company Profile: Rolla advances propeller design.

Vessel Focus: Bulk Carriers

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Bunker Fuel Monitor; Recent Ship Sales; Index Fleet Valuation

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