At a time when even the lowercost Japanese and the aggressive South Korean shipbuilding fraternities are experiencing some difficulties, there are signs of success in the Scandinavian countries. The shipbuilding industries of each of these four traditional maritime nations are still active,
Although it has diversified into other vessel types in recent years. Western Australian based shipbuilding group Austal still counts fast ferries as a core market. The last year has been no exception. with the biggest news being the June announcement
—Literature Available— The cruise ship M.V. Sun Princess of P&O in London was recently lifted and moved on Todd's Syncrolift for repair work on the propeller shaft and rudder as well as other general repair work. With a length of 535.75 feet and a beam of 74.
Atlantic Marine-Mobile was granted myriad of cruise ship refurbishment contracts throughout 2001, beginning with Holland America's Maasdam, which spent approximately 14 days last January at the Alabama yard's drydock. During this period, the vessel
Moody's Investors Service downgraded Royal Caribbean's senior unsecured debt ratings reflecting higher than anticipated debt levels associated with the company's shipbuilding program, and a weaker price environment that may continue given the
Tom Sansonetti. Assistant Attorney General for the Justice Department's Environment and Natural Resources Division and Marcos Daniel Jimenez, U.S. Attorney for the Southern District of Florida, announced that three senior cruise ship engineers were indicted by a federal grand jury in Miami,
The Southwest Marine Group, with facilities in San Diego (its headquarters), San Pedro (Los Angeles), San Francisco, Portland (Northwest Marine) and Samoa, reports that the Group is experiencing an upturn in commercial ship repair and conversion business.
These days, any privately owned shipyard that was formerly occupied strictly with building new merchant ships has either swung around to the repair and conversion market, has made plans to do so, or is actively pursuing Navy work—which certainly continues to be more than substantial.
While many facets of the maritime market remain stuck in the doldrums, the passenger vessel end of the market is one which should continue to expand robustly through the coming year and far beyond. The cruise ship market continues its stampede forward,
—A directory of the leading shipbuilding and ship repair firms— The following listing of Canadian shipyards highlights yard capabilities and special services offered. For full descriptive literature circle the appropriate number on the Reader Service Card in the back of this issue.