Page 1: of Maritime Reporter Magazine (May 1996)

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EDITOR'S NOTE riven by rapidly evolving technology, the construc- tion and conversion market for

Floating Production Systems is estimated to be between $10 and $16 billion, according to data contained in a recent IMA

Associates report (see page 36 for full details). While this is just one facet o/MR/EN's coverage of Tanker Technology in this edition, it is indicative of the greater trend in the maritime industry: advancing technologies — aimed at creating a safer and more efficient world fleet — driving the newbuilding and conversion markets.

Next-generation technology today is also a central theme in our coverage of the Fast Ferry industry, which starts on page 44. Featured in this section are the latest vessels, designs and equipment that will propel this growing niche for years to come.

Finally, post-show coverage of two significant U.S.- based events — CMA and AISE — is delivered by

Bridget Murphy, starting on page 69. The AISE '96 exhibition drew fewer attendees than projected and has drawn the ire of some exhibitors. But this should not be taken as an indictment of the U.S. commercial ship- building industry. Construction has begun or is set to begin on the high-profile orders placed at Newport News and Alabama Shipyard, respectively, and the interest in "buying American" remains strong.

Gregory R. Trauthwein, editor e-mail: [email protected]; fax (212) 254-6271

In its recent study,

IMA Associates found that about (asofmjd-MaKh/96) tion systems are operating world- wide, and an addi- tional 27 are cur- rently on order, with contract values totaling approxi- mately $7.2 billion.

For more on IMA Associate's new report, turn to page 36, the beginning of the Tanker

Technology section. •TIP (12) •Prod. Semi (£) •FPS0(15) •ProcLBarged) •IPG Star. (1) •FSQFSU CI) •Prod Spar (1)

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