Ship Repair & Conversion '94

Olympio 2, London, November 8-9 Ship Repair & Conversion '94 — the third event in the series — promises to be a successful meeting for the international shiprepair, conversion and maintenance industry.

Worldwide shipyard representation, one of the main features of the previous events, will be even stronger in 1994.

More than 80 shipyards took part last year, and more are expected this year.

Plans are underway for National Pavilions from Finland, Singapore, Sweden and Turkey, pavilions where sh i pyards wi 11 be joined by equipment and service suppliers covering every aspect of shiprepair and maintenance expertise. With the worldwide shiprepair industry poised to benefit from a substantial upturn in business, the '94 exhibition is expected to be a showcase of shipyard capability and product/services developments. Factors pointing to a significant improvement in the shiprepair market include: • The average age of the world's merchant fleet is more than 16 years and increasing. The forecasted expansion of world trade is expected to lead to demands that existing tonnage is repaired, not scrapped; • Shipping forecasts point to an increase in freight rates in virtually all sectors, giving operator's higher returns on repair investment; • Tough rules beginning to be enforced by the classification societies will lead to more shipowners investing in higher value contracts when considering repair operations; • Stronger focus on environmental and safety issues will mean more owners improving standards on existing ships; • Escalating costs and long delivery times for newbuildings points to growth in the conversion industry.

For more information on Ship Repair & Conversion '94, contact John Gwynn-Jones, Secretariat: BML Business Meetings Ltd., 2 Station Rd„ Rickmansworth, Herts WD3 1QP, England, tel: +44 923 776363; fax: +44 923 777206.