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REGULATORY OVERKILL PERSERVERES

Thomas Jefferson's familiar axiom that "Eternal vigilance is the price of liberty" has an analogous meaning beyond its historical and national value to American industrial sectors exposed to the often severe impact of federal government regulations.

 

Newport News Signs Letter Of Intent To Build 600,000-DWT Nuclear-Propelled Tankers

The largest shipyard in the United States has signed a letter of intent which could lead to construction of the world's largest nuclear-powered commercial vessels. Tenneco's Newport News Shipbuilding and Ravi N. Tikkoo, chairman of the board of Globtik Tankers U.

Hempel Extends Range

Globic: Designed as a highly efficient, TBT-free, self-polishing and self-smoothening antifouling with very high volume solids, which can be specified for up to 60 months. Globic is available in four different polishing rates ensuring optimum specification.

Precision Ship-Handling Writ Large

On the Elbe River, the famous port of Hamburg's Nautical Institute had its final intake this year due to a shortage of prospective students. From now on it will be known as the Hamburg Institute for Ship Handling and Simulation, but for many years it sent highly trained young people to sea.

Frozen Gas Market Heats Up

While seemingly miniscule in terms of deadweight tons ordered and delivered per year as compared to the shipbuilding business as a whole, the production of gas tankers, LNG and LPG, are high-value, high prestige orders that are likely to rise significantly in the coming years.

Lloyd's Register Announces Major Changes For 1978

The latest edition of Lloyd's Register of Shipping "Rules and Regulations for the Classification of Ships" will be issued later this year and become effective on January 1, 1978. In addition to the many major technical Rule changes which have been made,

Worldwide Tanker Order Book Hits 15-Year High

Double Hulls Account For 28 Percent Of Tanker Orders Despite the fact that oil tanker contracting slowed down considerably last year from the 1990, the tanker order book worldwide is at its highest levels in 15 years, according to the Independent Tanker Owners Association (INTERTANKO).

S/S United States Offered To High Bidder —Minimum $5 Million

U.S. citizens are invited to submit sealed bids to the Maritime Administration (MarAd) for the purchase of the 24-year-old passenger liner S/S United States, laid up at Norfolk, Va. The minimum price is $5 million, payable in cash within 30 days of acceptance of the successful bid.

 
 
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