BOOM TIMES FOR KOREAN SHIPBUILDING
The world's second largest shipbuilding nation, Korea, is in the midst of a shipbuilding boom. All the leading indicators— order receipts, actual ship construction, backlogs and ship prices—are all on the rise. According to the Korea Shipbuilders' Association (KSA),
The New Name of Finnish Shipbuilding
The announced merger of Kvaerner Masa-Yards and Aker Finyards — both members of the Aker Yards Groups — draws to a conclusion nearly a decade of change within the Finnish shipbuilding community, while providing the technically talented and market
Norshipco Dedicates New $5-Million Repair Pier
Norfolk Shipbuliding and Drydock Corporation (Norshipco), Norfolk, Va., has dedicated its new $5-million, 1,030-foot pier for general ship repair, marking completion of the initial phase of an expansion program expected to nearly double the yard's current 2,200 employment within four years.
Atlantic Sandblasting Receives Fourteen-Ship Mexican Contract
Atlantic Sandblasting & Coatings, Inc. was recently awarded a sandblasting and coatings contract for a total of 14 ships by PEMEX and Sociedad Civil Seccion of Mexico. The first ship of a total of 14, the Plan de Guadalupe, arrived in Tampa, Fla.
Jered Gets Contracts Totaling $2 Million For Sewage Handline Systems
Jered Industries, 1300 South Coolidge Road, Birmingham, Mich. 48008, have recently been awarded two major contracts for their vacuum flush sewage handling system. The total value of the contracts are in excess of $2,000,000. Both systems comply with
U.S. Report America's Cruise Line Faces Delivery Delays, Job Cuts
As part of a comprehensive cost reduction program, American Classic Voyages (AMCV) announced in June that it would eliminate 70 full-time positions form its shore-based staff of 470 full-time personnel. The cuts are also attributed to the fact that the company,
Northrop Grumman To Acquire Litton Industries For $5.IB
In a move which effectively creates a defense and marine naval construction giant, Northrop Grumman Corp. and Litton Industries jointly announced late last month that they have signed a definitive agreement under which Northrop Grumman will acquire
Marinette Marine Corp. Appoints J.R. Derusha Manufacturing VP
James R. Derusha has been appointed vice president of manufacturing at Marinette Marine Corporation, Ely Street, Marinette, Wis. 54143. It is the latest of several management positions Mr. Derusha has held during his 20 years with the Wisconsin shipbuilder.