Page 6: of Maritime Reporter Magazine (August 1991)

MAN B&W Diesel Invests $55.3 Million In New

Research Center

MAN B&W Diesel A/S,

Copenhagen, Denmark, is currently building a new research center adja- cent to the company's factory at

Teglholmen in Copenhagen's har- bor area.

The building project, scheduled to be completed by the end of 1993, will comprise a total floor area of some 1,100 square meters which, inter alia, will house a specially built engine for testing new components and new modes of operation. There will also be facilities for demonstrat- ing individual components, show- ing films, etc. Finally, new facilities for training the shipowners' marine engineers will also be located at these premises.

The total investments in ground, buildings and technical installations amount to nearly DKK 100 million (about $55.3 million). The engine alone will cost over DKK 25 million (about $13.8 million).

The research center will be the cornerstone in MAN B&W Diesel's endeavors to maintain the leading position in the world's marine en- gine market. At the company's main offices, some 250 engineers and tech- nical staff are engaged in develop- ment work and giving advice to a

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BATON ROUGE LIQUID DOCK

Baton Rouge, La. • Liquid bulk storage and transfer • Transfer from railcar or truck to river or ocean-going barge

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Geismar, La. • Dry-bulk/Liquid handling • Truck-to-barge transfer • Storage and distribution

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Gramercy, La. • Railcar-to-barge transfer • Calcined aluminum oxide • Enclosed conveyor system with dust collector/sup- pressors • Railcar storage

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The development activities are the basis on which ship engines de- signed by MAN B&W Diesel have, for the last five years, captured ap- proximately 55 percent of the world marine market.

This strong market position has been used to increase the sales within other areas, such as spare parts to owners and engine compo- nents to licensees. The increasing turnovers have also resulted in a considerable improvement in earn- ings in the latter years.

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Commodore To Transfer

Two Cruise Ships Being

Built In Spain To Crown

Commodore Cruise Line has an- nounced that Crown Cruise Line will get two 820-passenger cruise ships now being built in Spain.

The vessels are under construc- tion at the Union Naval de Levante shipyard in Valencia, Spain, for

Commodore's parent company,

EffJohn International BV Group.

The ships will be transferred to

Crown.

Under a joint-venture agreement announced recently between Com- modore and Palm Beach Cruises,

Crown's former owner, Commodore owns the Crown Cruise Line trade name and holds a half interest in other Crown assets.

In the summer of 1992, the first new ship, named Crown Jewel, will enter service. In 1993, the other ship, not yet named, is scheduled to enter service. They will join the

Crown Monarch, introduced in De- cember 1990, which currently offers seven-day luxury cruises from the

Port of Palm Beach, Fla., to Key

West, Grand Cayman, Ocho Rios and Crown's exclusive "out island,"

Labadie Shores.

The noted Norwegian architect

Peter Yran created the Crown

Jewel's design. Mr. Yran's credits include the Sovereign of the Seas,

Seaward, Seabourn Pride, Seabourn

Spirit, Sija Serenade and Nordic

Empress.

Carnival Plans

Share Issue

Miami-based Carnival Cruise

Lines plans to issue 5 million shares to raise about $115 million from

U.S. and foreign investors.

In addition, shareholders and Ted

Arison, owner and founder of Car- nival, will sell 2.85 million shares worth about $65.5 million.

The cash from the share issue will be used toward debt payment and possible future acquisitions.

The share issue was originally intended to fund the $220 million net cost of acquiring Premier Cruise

Line. The deal, however, was called off because of disagreements over company earnings projections. 8 Maritime Reporter/Engineering News