A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.
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
Promet Private Limited, Singapore, recently launched another of its offshore supply vessels. Sponsor of the NMS 209 (shown above) was Mrs. Hugh Jackson, wife of the president of Jackson Marine Corporation, owner of the vessel. This $3.5-million
Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F. Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders
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
Puerto Rico has won U.S. Farmers Home Administration approval of a $9-million loan which paves the way for immediate construction of the Island's first shipbuilding yard, to be located at a 68-acre site on Guanica Bay. This new venture into heavy industry
According to industry sources, the billions of taxpayer dollars spent on dredging America's harbors in the last four years are already paying off for U.S. coal exporters. But the full benefit will come in the future. According to Joseph Lema, vice president of the National Coal Association,
The USSR has launched a nuclear merchant shipbuilding program which will, by the close of the 1980s, make the Soviet merchant marine the only one to have both nuclear-powered icebreakers and cargo vessels. According to a report in the journal "Soviet Shipping,
Nordic prowess in ferry technology, coupled with Irish business verve, is set to take the sector to a new highpoint as regards the concentration of wheeled freight capacity in a RoRo passenger vessel. Built in the cruise ferry mold, Irish Ferries' 50,
Orders for vessels to American Bureau of Shipping (ABS) classification increased by a healthy amount during 1980, William N. Johnston, chairman and president, reported at the recent annual meeting of the members at ABS Headquarters in New York. Mr.