Page 16: of Maritime Reporter Magazine (September 1998)

MARINE FINANCE centrated among the specialist insurers, particularly the various transport clubs and certain syndi- cates at Lloyd's. Some of these may regard the business as "non- marine." The general trend, how- ever, will be for a greater number of these activities to be insured in the marine market. Drewry notes, however, this increased activity may not — unlike other insurance sectors — manifest itself through reduced rates. The options avail- able are more limited and the few insurers who are able and pre- pared to underwrite complex liabil- ity risks will keep a tight control over the terms and conditions which they offer. Alongside these moves to much more specific cover is a more international outlook by customers. This has been gaining impetus from the tendency for large multinational management companies to contract for the oper- ation of marine infrastructures anywhere in the world. This is ' 1938 - 1998 j

ON COURSE FOR OPTIMAL EFFICIENCY

A ship is operated as a business. That means efficient installations are as cru- cial on board as anywhere else. High technology, high precision, low mainte- nance equipment leads to lower running costs.

For 60 years VAF Instruments has delivered excellent measuring and control instruments for the shipping, shipbuilding, offshore and process industries. Our ISO 9001 certified organization can rely on a worldwide network of sales and service points in more than 50 countries.

Four VAF tools leading to cost reductions

Fuel meters. Accurate and multi-functional, both for bunkering and fuel consumption.

Viscotherm®. Fully automatic fuel viscosity con- trol systems. Improve the overall performance of your power plant.

Palco® Torque Measuring Systems. Continuously measure shaft power in proportion to fuel con- sumption.

Oilcon® oil-in-water monitors. Ensure compliance with MARPOL legislation, continuous measure- ment of oil content in ballast water. m VAF INSTRUMENTS

TO BE REALLY SURE

VAF Instruments B.V, P.O. Box 40. 3300 AA Dordrecht, "The Netherlands.

Tel +31 78 6 18 31 00. Fax +31 78 6 17 70 68.

Agent SMT, Hamburg, Geimany. Tel +44 40 752472. SMM'98 - Stand 4046 ( Hal 4)

Circle 322 on Reader Service Card

INTERIOR JOINER WALL PANELS

Thermax ® 7 SALES & DISTRIBUTION Panel Specialists, Inc. Themax NA 3115 Range Road

Temple, TX 76504-1240, USA

Tel: (800) 947-9422 • USA only (254) 774-9800

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AROUND THE WORLD NAVAL ARCHITECTS, INTERIOR DECORATORS, MATERIAL SPECIFIERS, SHIP-

BUILDERS, JOINERS, AND CABINET MAKERS LOOK TO THERMAX FOR: • NON-COMBUSTIBLE marine construction boards meeting requirements of SOLAS and IMO resolutions • Marine fire rated construction boards for bulkheads, joiner panels, walls, double shell, and ceiling • Marine Regulatory Body Certification (USCG/UL, Canadian Coast Guard, UK DOT, Lloyds, DNV, etc.) • Excellent core material for marine furniture fabrication • Environmentally friendly construction material (no fibers, no formaldehydes, nontoxic) • Technical Support • Inventory in the USA ready for immediate shipment • Laminating services available • Metal profiles for bulkhead systems upon request • Design, production, and sales of marine products according to requirements of DIN ISO 9001 / EN 29001

SALES

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Tel: (800) 540-5503 'USA only (410) 592-8540

Fax: (410) 592-3185

ISO 9001

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THERMAX • Subsidiary of ISOVOLTA AG • Austria

A Constantia Industrieholding A.G. Company also happening among suppl stevedore services, and shiprepair yards are being aged by an outside group ur management contract.

Carnival Orders Two Shi

For $450M Each

Carnival Corp. reached agreement with the Fincar

Cantieri Navali Italiani S.p./ the construction of two 102, ton cruise ships at a cost of a $450 million each for its Cari

Cruise Lines unit. The two vessels, which will be par "Destiny-class," will have a be two capacity of 2,758 and expected to enter service in the of 2002 and the summer of 2( the company said.

MTN Signs Agreement

With RCI

Maritime Telecommunicatic

Network, Inc. (MTN), a subsidn of ICG Satellite Services, Inc., h signed a new agreement wi

Royal Caribbean International install telecommunications equi ment. The three-year agreeme provides for C-Band telecommur cations service for passenger ar administrative voice, fax and dal communications. Installation < the MTN system began on th

Splendour of the Seas in April an will continue on the rest of th ships throughout 1998.

YVC Ysselwerf To Build

Multi-Purpose Vessel For

Simon Mokster Shipping

July '99 will see the delivery of a new supply/standby/rescue/tug vessel to Simon Mokster Shipping of Stavanger, Norway with the possibility of a second vessel to fol- low. The 2,900-dwt vessel is being designed by Vik and Sandvik and will be a V&S 470 type. It is sched- uled for use in a contract with Esso

Norway.

Bisso Constructs Its First

Reverse Z-Drive Tractor Tug

Bisso Towboat Co. Inc. has been constructing the first reverse Z- drive tractor tug, handling ship- assist work on the Mississippi

River and refurbishing the tug

Jane S. The new tug will be 100 x 38-ft. (30.5 x 11.6-m). It is designed to generate 117,000 lb. 16 Circle 316 on Reader Service Card Maritime Reporter/Engineering News