Page 19: of Maritime Reporter Magazine (April 1997)

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Atlantic Dry Dock Wins $76 M Contract

Atlantic Dry Dock Corp. was awarded a $76 million contract to convert a 754-ft. (230-m) RoRo cargo ship to a Marine Corps pre- positioning vessel. Atlantic Dry

Dock will perform the work under a subcontract with Tarago

Shipbuilding Corp. of Bethesda,

Md., which owns the ship and won the Navy contract. ~

The ship is Bahairfiah-flagged

Tarago. It is schedtHfat® arri^e at

Atlantic Dry |p$jk mis |'all, and work witktakiS approximately two year a I lae '-project, which will entail\the~addition of a deck and craneslto the ship, is the biggest single ship project yet for Atlantic

Dry Dock.

Atlantic Dry Dock, a subsidiary of Atlantic Marine Holding Co., is located on the St. Johns River and

Intracoastal Waterway in

Jacksonville, Fla. The facilities are equipped with two marine rail- ways, with a lifting capacity of up to 4,000 long tons.

For more information on the yard

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Princess Places Order With

Fincantieri For New Ship

Announcing its annual results on

March 25, Princess Cruises' parent company, The Peninsular and

Oriental Steam Navigation Co. (P&O), said operating profits for its cruise division increased 43 percent in 1996, growing to $250 million from $175 millior and positioning Ji&O/Pj illion j"n T905,

O/PjfriAss \s ronment."

The next new Grand class ships — first Dawn Princess, then

Grand Princess and Sea Princess in 1998, and now Ocean Princess in 1999 — will grow Princess' capacity by 65 percent.

For more information on Fincantieri

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Royal Caribbean An<

Kvaerner Sign For Second

Eagle Clas^liner

On March 20^Royal O&ribbpan

International annoiipceckife&t it ^ exercised its ^tiorytfnh Kvaerner

Masa-Yards tcwifcmild q^s€cond

T30^00t)-ton, . 3,100-passenger

Eagle class Vessel at Turku,

Finland/ and additionally granted tiiW'To)' a 'third ship of the sizeV- t's gspicially pleasing to be ers once again with Kvaerner (Continued on page 106)

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Ocean Princess. "Our strong performance in 1996 clearly confirms that our strategy is on course," said Tim Harris, chairman and CEO of

P&O/Princess Cruises. "Our achievement of a 43 percent growth in profits, compared to an increase in capacity of 13 percent, is an impressive showing, particu- larly in today's competitive envi-

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