Page 14: of Maritime Reporter Magazine (April 1991)

World Bulk Fleet Expected

To Increase Moderately

For Next Few Years

For the next few years, the world bulk fleet is expected to increase moderately at an annual rate of about 1.8 percent, according to the research department of the Oslo- based shipbroker and consultant

Fearnleys in its review, World Bulk

Fleet January 1991.

Fearnleys expects, based on gen- eral market expectations and esti- mates of shipyard capacity, it will rise to around 516.5 million tons by

January 1994, from a figure of 489 million dwt last month.

The tanker feet may increase from 246.4 million tons to 271.3 tons, and the dry bulk carrier fleet from 211.1 million tons to 214.4 mil- lion tons. The combination carrier total could decrease slightly from 31.5 million tons to 30.9 million tons.

The predictions assume modest levels of ship demolition, which may be significantly higher than in 1989 and 1990, because of the poor tech- nical condition of several of the old- er and larger units.

The fleet was augmented by 7 million tons in the second half of - - Jn

The Viking inflatable life raft is U.S.C.G. approved according to SOLAS '83

Amendment III Regulations.

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Wilson & Hayes

Quality Workmanship

Marine Furniture • Habitability

Pre-production

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Joiner Installations

EXPERIENCE-Since 1935, Wilson & Hayes has developed the experi- ence, knowledge and capability to manufacture and install the finest in marine joiner furnishings.

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Mail or FAX For Free Catalogs 1990 and 7.5 million tons in the first half of 1990. Peak year for the fleet was 1982, when it totaled 520.1 mil- lion tons.

The world orderbook for such tonnage decreased by 2.3 million tons during the second half of 1990 to 49.7 tons.

Japan and Korea together ac- counted for 68 percent of the world orderbook. Japan's increased from 19.6 million to 20.2 million tons, whereas South Korea's decreased from 15.4 million to 13.3 million tons.

During the second half of 1990, worldwide contracting decreased sharply to 6.7 million tons, of which the majority was tankers, at 5.9 mil- lion tons, following the first-half to- tal of 20.2 tons (tankers 15.3 million tons, combination carriers 2.1 mil- lion tons, and bulk carriers 2.8 mil- lions tons). $3.5 Million MarAd

Contract Awarded

Advanced Technology

The Maritime Administration (MarAd) has awarded a $3,500,000 reimbursable contract to Advanced

Technology, Inc., 12005 Sunrise

Valley Drive, Reston, Va., to pro- vide coordinated and cooperative research, development testing, and evaluation of new logistics systems and technologies between U.S.-flag carriers in the Cargo Handling Co- operative Program (CHCP) and De- partment of Defense agencies.

MarAd's Cargo Handling Pro- gram addresses advanced materials handling, automation, data pro- cessing, and communications tech- nologies to reduce the cargo-han- dling and documentation costs of intermodal shipments between water and rail or motor carrier transportation modes.

Lexair Introduces New

Three-Way Poppet Type

Control Valve

Lexair, Inc. of Lexington, Ky., has introduced a new remote direct pi- lot-operated three-way poppet valve, with an operating ratio of 5:1 (internal line pressure versus mini- mum pilot pressure) for unequaled performance of industrial and pro- cess control of liquids and gases.

This poppet-type valve provides high flow, positive shutoff opera- tion. Bubble-tight shutoff is accom- plished by exclusive poppet seat de- sign that has long lasting, extrusion resistant, soft seal. Ease of mainte- nance is another important feature, with quick access to valve internal parts without the need for removing from in-line piping.

Valve construction is a bronze body, with brass and stainless steel internal parts. Port sizes are 3/4- inch and 1-inch NPT with optional adapters for female unions and flat face flanges. Working pressures to 500 psi.

For more information and free lit- erature on the new three-way pop- pet valve from Lexair,

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Circle 264 on Reader Service Card 16 Maritime Reporter/Engineering News