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.
Thirty years ago when Greek shipowner George Livanos met with Hyundai Heavy Industries (HHI) founder Chung Ju Yung met on a sandy beach on the tip of the Korean peninsu- la where the new HHI shipyard would stand, little did they know that 30 years later,
Canada's newest s e l f - u n l o a d i n g Great Lakes bulk carrier was launched recently at the Collingwood, Ontario, Shipyard of Canadian Shipbuilding and Engineering Limited. Built for the Canada Steamship Lines Division of Power Corporation of Canada,
New Policies And An Oil And Gas Bonanza Promise A Bright Future Recent news from the Canadian Arctic and the offshore continues to give promise of a bonanza of oil and gas. Exploration activity is proceeding at a good pace despite the oil glut and the drop in energy prices.
American Steamship Company, Buffalo, N.Y., a subsidiary of General American Transportation Corporation (GATX), has ordered construction of a second new Great Lakes coal carrier. The $22-million 770-foot selfunloading motor vessel is scheduled for delivery in 1977.
No stranger to the cruising industry, Pamela Conover, president and COO of Cunard Line Ltd. Could undoubtedly be the reason behind the company's continual ability to capture and hold on to the rich British history that it has sustained since its establishment in 1840.
A $10-million contract to convert the St. Lawrence Navigator from an oceangoing to a Great Lakes bulk carrier has been awarded to Port Weller Dry Docks by Upper Lakes Shipping Ltd. of Toronto, Canada. The work, to be known as Hull 66, will begin in August 1979,
Navy contract options for almost $200 million have been exercised for the conversion of the last four of eight high-speed containerships into roll-on/roll-ofF units. They will be used by the Military Sealift Command to provide support to rapid deployment forces around the world.
The Maritime Administration has awarded three contracts totaling some $2.7 million for repairs to three ships in the Ready Reserve Force (RRF). The RRF is a special component of the National Defense Reserve Fleet. Merchant vessels in this category are funded by the U.
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.