Bollinger recently gave new life to an old boat, the 150-ft. Guardian, originally named Gale B., which was built by Southern Shipyard in 1963. It was owned by Midland Enterprises and was part of a tug/barge unit with the hopper barge Martha B.
In the distance, storm clouds drop their torrent upon the sea as the ship breaks through heavy seas. The number on her bow — 85 — disappears and reappears with each crest of the waves. Suddenly above the Arleigh Burke-class guided missile destroyer,
Congoleum C o r p o r a t i o n announced that the U.S. Navy has awarded a $224-million contract to its shipbuilding subsidiary, Bath Iron Works Corporation (BIW), Bath, Maine, for the construction of five Guided Missile Frigates of the new FFG-7 class.
Of highest interest in the marine field today is the design and construction of many specialized ships that carry cargoes of liquefied natural gas (LNG). Major shipyards in the U.S. and other countries are engaged in building these giant carriers.
The General Electric Credit Corporation (GECC), Stamford, Conn., announced it has acquired through a leveraged lease transaction its 12th tanker, the 188,- 500-dwt B.T. San Diego, from National Steel and Shipbuilding Company, San Diego, Calif.
To characterize the business of carrying oil aboard tankers of any size or route as stable — would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside, it is in fact the market's instability that serves as stability.
In today's tightly competitive, global shipbuilding environment, every opportunity has to be taken to squeeze cost out of the system, notwithstanding the considerable advances already achieved, especially over the past five years, in efficiency and productivity.