Page 26: of Maritime Reporter Magazine (June 1999)

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V Promotes concurrent design and engineering v' Lowers production costs y/ Increases product quality

Supports IPPD approach

Maritime Reporter/Engineering News

INTERGRAPH

FEDERAL SYSTEMS one Letter of Intent signed, and no ves- sels confirmed. Many projects are still being discussed, but most have been shelved, pending the outcome of the

Asian crisis.

LPG: For LPG carriers, the ordering activity of VLGCs significantly increased with 11 new vessels ordered during 1998. The orderbook for VLGCs now counts 15 vessels, representing about 17 percent of the total fleet. Other

LPG segments experienced very little newbuilding activity.

Cruise Vessels: Still a very active year, 20 vessels were ordered representing 33,328 new berths. The orderbook now stands at 39 vessels, or 69,077 new berths.

Ferries/RoRos: The number of contracts concluded for RoRos and ferries for

European accounts went down during 1998. There was still some activity for

RoRos and Ropax, but owners, especial- ly in Northern Europe, are reluctant to invest, bearing in mind the impact of the abolition of the duty-free sale. Asian yards, including Korea and China, have "attacked" the RoRo and Ropax market with competitive offers. This is to com- pensate for the lack of inquiries for con- ventional standard type of tonnage like tankers, bulkers and container new- buildings.

Pure Car Truck Carriers: The good freight market for Pure Car Truck Carri- ers (PCTCs) during recent years has awakened the interest in ordering this very specialized type of vessel. Howev- er, during 1998 deliveries of 19 vessels (86,000 cars total) exceeded new orders of 15 vessels (67,000 cars total) and reduced the orderbook to 54 units (264,000 cars total.) This is however, still 17.5 percent of the existing fleet.

The preceding was excerpted from The 1999 Platou Report.

Call Intergraph's Marine Products Division today for more information. 1-800-345-4856 1-256-730-7762

Fax 1-256-730-6708 www.intergraph.com

Images courtesy Avondale Industries, Inc., New

Orleans, and Newport News Shipbuilding, Norfolk.

Combined Carriers: We did not register any order for this type of vessel during 1998.

Reefers: Only 2,724,000 cu. ft. were ordered.

Product/Chemical Tankers: The slow- down in the ordering activity, which commenced in 1997, developed further during 1998. This was mostly because of the high numbers of newbuildings deliveries expected in 1998/99, and less of a demand for chemical products as a result of the Asian crisis. Ordering of the

MR Product Chemical tanker newbuild- ings amounted to 31 vessels (including stainless steel chemical tankers) which represents a 60 percent decline in the newbuilding activity in this segment compared to last year.

The coated Aframax tanker (LR-3) segment saw four new vessels ordered in 1998, compared to seven in 1998.

LNG: The LNG newbuilding market has been very quiet during 1998 with only

Circle 191 on Reader Service Card "The Yearbook"

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Intergraph and Ihe Intergraph log') are registered trademarks of Intergraph Corporation. Other brands and product names are trademarks of their respective owners. Copyright 1998 Intergraph Corporation, Huntoille, AL 35894-0001 MC980373

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