Page 13: of Maritime Reporter Magazine (September 1998)

50 YEARS EXPERIENCE IN ENGINEERED KEEL COOLING ilding Demand supply and demand is a cause of great business itical concern. Riding the y's peaks and valleys has seen an exact science, but 3 little doubt that too much e on the world market has — combined with a host of factors, including subsidies p shipbuilding prices artifi- ow for many years.

S calculates that the world upply and demand will be in ;e by 2002. Based on this iption, as well as the previ- mentioned statistical analy- sis projects that shipbuild- iemand for tankers will ase until 2001. After that, it icrease — as previously men- i — driven by the need to ce 1970s-built VLCCs and to nmodate the increasing needs 3 recovering Asian economies, building demand is expected ak in 2004. upbuilding demand for bulk .ers will decrease until 2001. r that, shipbuilding demand bulk carriers will steadily ease, supported by replace- it demand caused by bulk car- scrapping and a steady ease in fleet requirement. As a lit, total shipbuilding demand tankers and bulk carriers will k in 2004 at 33.7 to 34.5 million rT. >A Wins Major gineering Contract

The Naval Surface Warfare nter, Carderock Division, has warded the support contract for e Total Ship Directorate (Code i) to Naval Systems Associates fSA) LLC. The five year contract ill enable NSA to provide support shipbuilding technologies, cost jerational effectiveness, design ipport, computer modeling and mulation, and the logistics RDT ; E division within Code 20, at a 3st of $26 million. replacement

New Contracts Announced

For V. Ships Florida And

V. Ships Marine

V. Ships Florida and V. Ship

Marine, Ltd., full-service interna- tional marine transportation man- agement and operations organiza- tions, were awarded two new con- tracts.

V. Ships Florida has been awarded a ship management con- tract by Trade Wind Tankers to manage seven tankers.

These specialty ships trade in environmentally-sensitive waters surrounding Florida, Central and

South America.

V. Ships Marine has been con- tracted by New SeaE scape to man- age operations of its day cruising and gaming vessels, as part of their Florida and nearby coastal operations.

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R.W. FERfMSTHtJIVl & COMPANY iam Offshore Awarded

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Sam Offshore, Ltd. has awarded i contract to Newpark

Shipbuilding, for the repair and modification of its offshore jackup drilling rig the "NORAM 253."

In addition to general repairs,

Newpark will perform topside modifications and skirt plate 1716 1 1th Avenue, Menominee, Ml 49 8 58 Ph: 906-863-5553 Fax: 906-863-5634

September, 1998 Circle 296 on Reader Service Card 13