With tall, slab sides encasing a multideck configuration, the pure car/truck carrier (PCTC) has a characteristically high windage factor, influencing course- keeping, maneuvering and fuel usage. A new series of PCTCs at the top end of the capacity
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.
As an endorsement of a commercially circumspect approach to double-hull bulk carrier design and construction, UK-based Graig Group has generated a tranche of orders for its cost-competitive Diamond ultra-handymax type. Although a letter of intent signed with China Shipbuilding Industry Corp.
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.