Page 22: of Maritime Reporter Magazine (March 2001)

Read this page in Pdf, Flash or Html5 edition of March 2001 Maritime Reporter Magazine

and marine engineers — 600 v. 60 — and offer owners full service from design through manufacture, as well as a larger engineering capacity and valu- ables services for large fleets. The com- bined company today employs 11,000, and while the trend in big business inside and out of the marine industry has been to slim forces in the face of eco- nomic slowdown, Casanova is adamant to retain a highly trained workforce.

Market Opportunities

IZAR is truly looking to leverage its combined engineering and financial base to help not only fulfill market needs, but define them. While the com- pany lost an estimated 100 million

Euros in 2000, it is anticipated that the company will break even by 2003. This prospect may seem unlikely to some outsiders, given the tight margin nature of the shipbuilding business and the pre- carious nature of subsidy reduction pro-

Just ask the operators of Incat 45,50,51,52,53,55 and 56, all will confirm the enormous value of the flexible cargo deck the Economic Fast Ro Pax Solution 18 Bender Drive, Hobart,Tasmania 7009 Australia. TEL:+61 3 6273 0677 FAX:+61 3 6273 0932

Email: incat(3> Website: httr>://

Circle 225 on Reader Service Card

Don't gamble with your



Consult the Professionals

Electrical engineering by

DC Maritime Technologies Inc.

Electrical Engineers & Systems Integrators 2210 Main Street Suite G

Daphne AL36526 e-mail Tel: (334) 625-0503 Fax: (334) 625-0363

Navion Oceania grams, but Casanova and his executive team feel confident that this renewed focus on providing technologically superior, diverse products will make the difference.

In particular, the company sees vast opportunities in the business of trans- porting oil and gas products, given the current level of sustained high freight rates, the pressure from international and national authorities to provide trans- portation of such products in a manner that maximizes environmental protec- tion, which of course include a strong demand for double hull units. Several recent cases, from the Erika to the Cas- tor, lend credence to this assertion.

Much of the investment of the next four years will be spent on producing the capability to design and build ves- sels that are more automated and fuel efficient, which is where the company's

Systems Division will play a key role. 22

Circle 340 on Reader Service Card Maritime Reporter & Engineering News o

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.