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On The Cover

Pictured on the cover is a photo of an underwater propeller repair performed by Lips Subsea. The Lips

Subsea team, led by Kimo Mackey, specializes in this service and is on call around the world to get vessels, fixed and underway quickly. See the story on Lips Undersea in the Ship & Boatbuilding Technology section, which begins on page 27. 16 European Update

Royal Viking Sun welcomed in Malta; Vosper Thorneycroft sees profits increase. A

Jj^v 27 Ship & Boatbuilding

Technology i

New technology drives offshore marljet in the Gulf of Mexico... New gen- eration of self-unloading cargo ships is born... Lips Subsea takes propeller repairs down under. x

EDITION 72 MARKETS ON THE MOVE

Mobility is a key factorchiving two ancilliarymarket opportunities,

FPSO's and barge-mounted power plants.

ALSO IN THIS 1 2 PROPULSION UPDATE: Wartsila reduces NOx emissions on Vasa 32 engines. 20 MARKET REPORT: International Association of Classifications Societies looks to improve bulker safety. 22 FAR EAST UPDATE: TSL Project garners Japanese ^ward; Chinese builder woos German owner. — by Alan Thorpe, international editor. 38 DECK MACHINERY & CARGO HANDLING EQUIPMENT

REVIEW 58 PROJECT UPDATE: Eletson's first Double Eagle tanker is quickly taking shape at Newport News Shipbuilding. 80 People & Company News 89 Recent Ship Sales 92 Calendar of Events 96 U.S. WEST COAST MARITIME REVIEW 98 FERLISHIP's New Contracts Received

Jamestown

Metal Marine Sales, Inc. 4710 Northwest Second Avenue

Boca Raton, Florida 33431 (407) 994-3900 FAX: (407) 994-3969

Circle 251 on Reader Service Card E Subscriptions: One full year (12 issues) SI8.00 in U.S.; outside of U.S. $96.00 including postage and handling. For subscrip- tion information, contact: Dale Barnett, fax: (212) 254-6271. 118 East 25th Street

New York, NY 10010 (212) 477-6700

AND

ENGINEERING NEWS

ISSN-0025-3448

USPS-016-750

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

No. 8 Vol. 58 Founder: John J. O'Malley 1905 - 1980

Maritime Reporter/Engineering News is published monthly by Maritime

Activity Reports, Inc. Mailed at Periodicals Postage Rates at Waterbury,

CT 06701 and additional mailing offices.

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Publishers are not responsible for the safekeeping or return of editorial material. © 1996 Maritime Activity Reports, Inc.

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.