Page 56: of Maritime Reporter Magazine (June 1993)
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1-Wide Shipping tild New Carriers >rea's Daewoo
Irld-Wide Shipping of Hong
J is planning to build up to four size bulk carriers at the Ko-
Jyard of Daewoo in order to
Irnize its fleet.
Iiewoo has already built nine yS for World-Wide Shipping in it years, with the last four of these to be delivered in the coming months. Two of the four are double- bottom/double-hull vessels.
Despite low charter rates, World-
Wide is ready to order the four bulkers while scrapping two older
VLCCs.
Swath Ocean International
Ltd. Changes Name
Swath Ocean International Ltd., builder and designer of the SWATH fast ferries Super-Regency, Super- 4000, Euro-4000 and the mini-cruise vessel Solas 4000, announced it has changed its company and trading name to Swath International Lim- ited.
The Swath International name change reflects an amicable sever- ance between Swath Ocean Systems,
Inc. of Chula Vista, Calif, and the former Swath Ocean International
Ltd. Swath International chairman
Timothy D. Kelley said the two companies had "gotten to where we each were pursuing largely differ- ent market sectors for SWATH ships and our respective SWATH designs, for that reason, no longer shared common technology. Continuingthe common trading name appeared to us to be causing market confusion."
For more information on SWATH
International Ltd.,
Circle 86 on Reader Service Card
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June, 1993 Circle 319 on Reader Service Card
Circle 288 on Reader Service Card 57