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The fast ferry market has quickened the pulse of many boat owners, builders and suppliers alike. Inspired by an ever-growing orderbook, companies around the globe are pouring time, effort and money into developing next generation technologies to make the vessels faster and safer. The Fast Ferry Update begins on page 28. 14 34 46

SCANDINAVIAN INDUSTRY

Shipbuilding activity is picking up in Scan- dinavian countries, and the possible re- turn of some Swedish yards to the com- mercial shipbuilding ranks has created a buzz. — by Alan Thorpe, international editor

PLUS... Contract & Company Updates.

KaMeWa waterjets being installed on new

Finnyards-built fast ferries.

TANKER TECHNOLOGY

While VLCC newbuilding is centered in

Japan & Korea, many yards in other coun- tries are filling a demand and cashing in by converting existing tonnage to FPSOs and specialty shuttle tankers. — by Alan Thorpe, international editor

KMY-built LNG is 70 percent complete. 28 33 44 54

MARKETS

FAST FERRY MARKET: Builders and suppliers gear up to fill owners' "need for speed."

YARD REVIEW: Bollinger finding commercial business at home and abroad.

Marine Fuels, Lubricants & Additives

Deck Machinery & Cargo Handling

Review

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photo- copying, recording or otherwise without the prior written permission of the publishers.

STATISTICS 12 Industry Trends 41 New Orders Placed

SHOW PREVIEWS 25 Cruise + Ferry 61 Nor-Shipping

DEPARTMENTS 62 "50 Years ago in

MR/EN..." " 69 Classifieds

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No. 5 Volume 57 Founder: John J. O'Malley 1905-1980

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EUROPEAN UPDATE

European builders have had strong showings at recent defense exhibitions ... Malta Drydocks' business & facilities expanding rapidly... EU directive could seriously affect ship re- pair yards, by Carol Fulford &

Andy Smith

The minehunder Hellevoetsluis passes through the Thames Barrier. 4 Maritime Reporter/Engineering News