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Exclusive ship interiors harmonizing colour and design with functionality and safety. Gislaved Decor M-1320 is a fire classified foil material extensively used in many ships and contributing to the elegance of first class interiors every- where.

Gislaved Decor M-1320 is available in a wide selec- tion of colours, embosses and prints. Decor M-1320 provides interior designers with a richly varied mate- rial with which to create ex elusive environments aboard ship. he Cover

International navy business, sagging for many years, will inevitably peak again according to industry insiders. Catch up on some of the latest contracts, as well as the newest designs, products and devel- opments from top navy builders and suppliers, starting on page 63. (Cover photo courtesy of HDW)

Cruise Industry Annua 28 STARTING STRONG

Korea's Hyundai Heavy Industries has started the year with a significant order from Norway's

Bergessen. Review this and other news from the area in this month's Far East Update. — by Alan Thorpe, international editor

ALSO IN THIS EDITION 57 Ship 9t Boatbuilding Technology — New Cat provides low weight-to- power ratio; aluminum alloy offers operational advantages. 63 Navy Business Review —p New contracts stir hopes for U.S. builders and sup- pliers. 72 Offshore Technology Review 78 People & Company News

Spotlight on Celebrity Cruises by Associate Editor Bridget Murphy ----- - - -- .--

Outstanding Cruise Ships of 199

Sector News

QEII Embarks On World

Tour Fincantieri-built Veendam is shown entering Venice. 49

REVIEW

Steeped in maritime culture, Norwegian innovation continues to fuel the success of the country's marine builders and suppliers in the international marketplace.

ISM Code — the legal, commercial and econo- mic ramifications. Plus: Samsung to build

Chevron VLCCs, Trico to pay $36 million for eight vessels. 2 Maritime Reporter & Engineering News