The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.
MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004
Make sure you know how the new tax rules work!
March 17, 2005
MaK power for Aida newbuilds
Carnival Corporation's German market brand, AIDA Cruises, has selected Mak M 43 C engines from Caterpillar Marine Power Systems for its two 68,500 gt newbuilds under construction at Meyer Werft.
Caterpillar Marine sees the contract represents as "a significant milestone" as it seeks to extend its market into the cruise industry.
The two 68,500 gt cruise ships will have an overall length over 249 m and a beam of 32.2 m. These new AIDA "club ships" represent the third generation of ships built and operated according to the AIDA "club" concept.
Each vessel will have a passenger capacity of 2,030, (up to 2,500) accommodated in 1,015 cabins.
Frank Kircher, Sales Director Cruise and Ferry for Caterpillar Marine, says the agreement is welcome news. "This contract is the result of a long-term, coordinated effort between different parts of our organization to find the right solution for both the customer and the shipyard," he says. "The fact that both Meyer Werft and AIDA Cruises, two highly experienced players in the cruise segment, decided to go for our M 43 C engine recognizes the significant value of our engine solution."
AIDA Cruises and Meyer Werft had very specific demands for their propulsion systems, including limits on engine noise, improved reliability and strict guidelines on emissions reduction. After an exhaustive and detailed technical analysis of the engine solution the contract was signed.
Each of the two new ships will be equipped with four MaK 9 M 43 Cengines with a total power of 36 MW, providing the necessary power to operate two single-propeller electric propulsion motors, two bow thrusters and two stern thrusters (per vessel).
In addition, the installation produces the electricity for all other high-consumption units on board, including air conditioning, hotel/restaurant operation and an advanced on board health spa.
The M 43 C engines satisfy IMO guidelines and the engines' NOx emission is well below regulatory requirements. The engines are equipped with Flexible Camshaft Technology, part of Caterpillar's innovative emissions reduction ACERT technology. In this application, Flexible Camshaft Technology will reduce soot particle emissions to below the visible limit, thereby satisfying the industry's highest environmental standards.
In addition, the engines are equipped with safety features such as a slow turning device, a system which enables engineers to check for the presence of water or fuel in the cylinder before start, a splash-oil temperature monitoring alarm system designed to prevent bearing seizures, an oil mist detector and locator with individual display, and the DICARE engine monitoring program, which allows users to monitor all the engine components. The complete system operates on-line so that the current data can be called up at any time.
The MaK long-stroke engine program development began in 1992. The first M 43 engines reached the market in 1998 and has has already proven very successful. More than 300 engines have been sold since 1999, and by 2003, more than 40 percent of all vessels delivered worldwide with medium speed propulsion systems in the 5-9 MW class were equipped with M 43 engines.
The AIDA contract represents the first time the M 43 C will power a cruise ship.