Page 6: of Maritime Reporter Magazine (May 1994)

Industry Trends:

The Aging Fleet by James R. McCaul, president IMA Associates, Inc.

Replacement of aging ships will be the major driver for world ship construction over the next decade, as 47 percent of the commercial fleet is over 15 years of age, and 24 percent is over 20 years.

Source: Five Year Outlook for U.S. Shipbuilding, February, 1994

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Circle 263 on Reader Service Card 47% over 15 years old — 24% over 20 years old— 10% over 25 years old - 15 20 25

Ship's Age in Years

Ships Age In Years

Costa Cruise Lines Close To

Finalizing Ship Purchase

Costa Cruise Lines is finalizing negotiations with an unidentified shipyard for a 70,000-ton, 1,900- passenger cruise liner for delivery in 1996. The ship is expected to operate in both North American and European waters.

The $300 million project follows the completion of Costa's $1 billion fleet expansion program. In FY93,

Costa reported gross revenue of $392 million and net profit of $23 million.

Worldwide, the line carried 224,764 passengers in 1993.

Canadian Pacific Orders

Ships From Daewoo

Canadian Pacific Ltd.'s shipping arm Canada Maritime ordered two 33,800-ton vessels from Daewoo

Shipbuilding & Heavy Machinery for $120 million.

Delivery of the vessels is for late 1995. The contract has an option for a third vessel.

The two new ships are part of

Canadian Pacific's plan to expand its North Atlantic fleet. The ships will replace smaller container ships now used in British and European service.

Singapore Shipbuilding To

Build Two Vessels

Singapore Shipbuilding & Engi- neering (SSE) Ltd. has won a $44 million contract to build two vessels for Regional Container Lines Public

Co. Ltd., Thailand.

The contract is for two 950-TEU container vessels, with an option for two more vessels. 11 —

This new car ferry—to be built by Chantiers de I'Atlantique—will be powered to a 23.8-knot service speed by four diesel engines.

Chantiers de I'Atlantique Wins

Mediterranean Car Ferry Order

Chantiers de I'Atlantique, a GEC

Alsthom subsidiary, recently signed a contract with Societe Nationale

Maritime Corse-Mediterranee (SNCM) to build a 3,400-dwt pas- senger/car ferry for delivery in the spring of 1996. Designed to carry 2,400 passengers and 700 cars, the ferry will operate between the

French Riviera and Corsica, replac- ing the Napoleon.

Utilizing a four diesel propulsion system, designed to generate a com- bined 43,092 kW driving a pair of controllable pitch propellers, the vessel will have a service speed of 23.8 knots. The new ferry—which will measure 564 feet (172 m) long with a 99.7-foot (30.4-m) breadth and a 21.6-foot (6.6 m) draft—will be the largest ship in the SNCM fleet.

For more information on

Chantiers de I'Atlantique,

Circle 15 on Reader Service Card 8 Maritime Reporter/Engineering News