Month: November 1998

Following an announcement earlier in the year that it was planning to quadruple its passenger capacity within the next seven to ten years, American Classic Voyages (AMCV) has finally signed a Letter…

The European Commission has announced that existing rules on VAT and excise duty will apply after July 1 1999 when the duty-free allowance is abolished. The system, according to taxation commissioner Mario…

For much of the 1990s, international trade in LPG, LNG and other gas commodities has grown steadily, with increases averaging around 5 per cent per annum. For the next few years, much…

The end of September saw Meyer Werft hand over the 76,800g cruise ship Superstar Leo to its owners Star Cruises a week earlier than planned. As the first of four cruise vessels…

About 2,900 shipbuilders, or two thirds of those who once worked for Bremer Vulkan now have new jobs. Many have not gone back into the few remaining local yards, but it indicates…

Almost 80 per cent of the merchant ships built last year were propelled by two-stroke engines. Simplicity, both by design and direct drive, along with low running and maintenance costs have proved…

The recently completed floating production, storage and offloading (FPSO) vessel Varg is designed for use in the harsh environment of the North Sea. Delivered in September by Keppel FELS Singapore Ltd, Varg…

Exhibition space at Shiprepair & Conversion `98 has increased by 30 per cent and is full to capacity, according to the organisers. This year`s event takes place on November 18-19 at London`s…

Tanker owners` association Intertanko has calculated that the cost of changing ballast water in a VLCC as proposed by the IMO will be $1,800 per trip, costing the industry over $18.6 million/year…

The Canadian Transportation Safety Board has shown Flare`s owner, flag state (Cyprus) and classification society (LR) evidence from an underwater survey of the bow section. This points to a fracture beginning in…