Despite the recent drop in passenger bookings, some industry analysts are predicting that by the year 2000, more than 10 million passengers will take cruises annually. These projections are based on a growth level of 10 percent per year. Present cruise passenger levels stand at 3.
In early January, Marathon Manufacturing Company's Republic of Singapore yard delivered the first of two jackup rigs ordered by the China National Machinery Import and Export Corporation. The People's Republic of China rig, Pohai VIII, was originally
Wartsila Corporation received a contract to supply main diesel generating sets for a 19,500 dwt product/chemical tanker being built at Shanghai Edward Shipbuilding in the People's Republic of China. Delivery of the ship is scheduled in August 2005.
Finland's Napa Oy has opened a Representation Office in Kobe, Japan, to strengthen the company's presence in the region. Naoki Mizutani has been appointed manager of the Representation Office in Japan. The company is committed to playing a key role in Southeast Asia,
Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries,
The collapse of a giant, brand new gantry crane which killed 36 people in a Shanghai shipyard may have been caused by loose steel ropes, state media and an engineer at the crane's designer said in published reports. At press time, Chinese authorities