The Australian Reefer, first of four 630,000-cubic-foot refrigerated cargo ships under construction for J. Lauritzen A/S of Copenhagen, was launched recently at the Ulsan Shipyard of Hyundai Heavy Industries Company, Ltd. in South Korea. These
Purchase Forms World's Largest Subsea Contracting Group For Oil & Gas Industries The third and fourth in a series of five 2,100-dwt stainless steel chemical tanker for the transport of bulk liquids along the Rhine River and its tributaries have been delivered to Stolt Stinnes.
With the completion of operations in the Persian Gulf, the ships of the Ready Reserve Fleet (RRF), which had supported the lift of material to the operations area, are returning and will need to be deactivated. This deactivation is critically important
The latest addition to the Alaska fishing fleet is a new, longer version of Marco Shipyard's successful North Pacific freezer longliner design. The 141-foot Lilli Ann, recently christened in Seattle, Wash., was designed and built by Marco for Deep Pacific Fishing Co.
Northern Liquid Fuels International, Ltd. (NLFI), Houston, Texas, has named William L. Bull Jr. director of marine transportation. Mr. Bull, formerly manager of supply and t r a n s p o r t a t i o n for Tropigas International Corporation in Miami, Fla.
Global Ocean Carriers Ltd. announced two fleet expansion projects are currently being considered, and that the company is evaluating the possibility of taking advantage of the Title XI financing available. The company reports it is contemplating ordering new container feeder vessels,
For the investor looking at rates of return from the secondhand ship market, the 1990s should see major changes in the fortunes of players working the different fleet sectors. Taking the return generated on both trading profits (defined as time charter
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,
Finnish innovation in ice-going tanker technology will have a major application in the country's own mercantile fleet, albeit with ship construction assigned to the Orient. The pair of 106,000-dwt crude oil carriers booked by Helsinki-based Fortum Shipping,
THE WORLD MERCHANT FLEET c o n - tinued to expand between 1989 and this year, and has reached the second highest level ever, latest figures show. Annual statistics confirm that the fleet is set firmly in an expansion phase after six years of recession, between 1982 and 1988.