Exports build on fast ferry credentials

Article Abstract:

Western Australia has considerably expanded its fast-ferry building industry with incentives given by the government. The region has been known for its wave-piercing catamarans and conventional catamaran passenger ferries which are exported to the UK, China and other countries. Western Australian ferry exports have reached about $113 million in 1991-92. The federal government gives assistance in the form of bounties wherein shipbuilders committed to invest in the industry and those providing significant employment are provided subsidies.

Australia, Western Australia, Catamarans, Shipbuilding subsidies, Western Australia, Australia

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Equipment buoyant

Article Abstract:

The success of Finnish shipbuilder Kvaerner Masa-Yards overseas has also positively affected other areas of the industry such as marine equipment suppliers. MacGregor, a supplier of cranes, hatches and roro equipment posted revenues of $460 million for 1996 from exports to Europe, Asia, and North America. Aquamaster-Rauma's outlook also seems positive with orders for its azimuth thrusters for drilling rigs and vessels in international markets.

Ship and Boat Building and Repairing, Ship & Boat Building, Ship and Boat Building, Internal combustion engines, not elsewhere classified, Ship Parts, Marine Propulsion Sys NEC & Parts, Machinery industry, Transportation equipment industry, Marine propulsion systems, Marine equipment, Wartsila Diesel Oy, Aquamaster Rauma Oy

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KM-Y cruises to higher profits

Article Abstract:

Finnish shipbuilder Kvaerner Masa-Yards (KM-Y) plans to further improve its profitability and boost its profits revenues through shipbuilding contracts for its Helsinki and Turku shipyards until the year 2001. The company $156.5 million in revenues in 1996. KM-Y's recent contracts include construction of three 130,000g cruise ships for Royal Caribbean at its Turku New Shipyard and two 70,400g cruise ships for Carnival Cruise by 1998.

Cruisers, Contracts, Cruise ships, Cruisers (Warships)

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