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vessels; 2 for each convoy. We are also working with our clients to make sure security schemes are in place and our vessels and crews are protected. Piracy is a challenge, but we don?t necessarily feel that the problem is getting worse. Every day is different and every day, we have to adapt the plan to reflect the daily situation.Sum up the Bourbon businessphilosophy today for our read- ers.We believe we are in a very good position to take advantage of today?s markets. And we are encouraged by a number of factors. North Sea markets are rising, pick- ing up again after 2 years of weak performance. We are working very hard on offering the highest crew competence. Part of this is accom- plished by standardizing our fleet through series-build programs, where, if we take the example of the Bourbon Liberty series, a total of 76 vessels are being built, 54 AHTS and 22 PSV?s. This provides for economies of scale in terms oftraining and maintenance efficien-cies, as well as more availability to clients. This also helps us reduce our CapEx through volume pur- chases of equipment. In a nutshell, we aim to be the last to be dropped and the first to be picked up. MN#11 (66-81):MN 2011 Layouts 10/31/2011 11:28 AM Page 77