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),
2002 will surely not be counted as "a banner year" for many, if any, industries, particularly not for the leisure and travel niche. The cruise industry survived a tough year, as terrorism, a shakey economy and sickness outbreaks onboard ships grabbed headlines.
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,
John J. McMullen Associates, Inc., naval architects, marine engineers and transportation consultants of One World Trade Center, New York, N.Y. 10048, have announced the opening of a new office located at 2101 Executive Drive, Hampton Roads, Va.
The San Diego Section of The Society of Naval Architects and Marine Engineers gathered recently at the Harbor House to hear a paper by D.W. Czimmek and L.W. Sandor titled, "Economic and Technical Feasibility of Copper-Nickel Sheathing of Ship Hulls.
Congressman John M. Murphy, Chairman of the House Merchant Marine and Fisheries Committee, and Zenon N. Sdougos, Director, Marine Safety Division, Inter- Governmental Maritime Consultative Organization (IMCO), London, England, will be the principal speakers