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www.seadiscovery.com Vol. 55 No. 7 ISSN 1559-7415USPS# 023-276118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271Marine Technology Reporter ISSN 1559-7415 is published monthly except for February, August, and December by New Wave Media, 118 E. 25th St., New York, NY 10010-2915. Periodicals Postage at New York, NY and additional mailing ofÞ ces. POSTMASTER: Send address changes to MARINE TECHNOLOGY REPORTER, 118 E. 25th St., New York, NY 10010-2915. Postmaster send notiÞ cation (Form 3579) regarding undeliverable magazines to Marine Technology Reporter, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material. ©2012 New Wave Media. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or otherwise without the prior written permission of the publishers. Subscription: To subscribe please visit www.seadiscovery.com/subscribe MemberEditorial www.seadiscovery.com NEW YORK118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700; Fax: (212) 254-6271 FLORIDA215 NW 3rd St., Boynton Beach, FL 33435Tel: (561) 732-4368; Fax: (561) 732-6984 PUBLISHER John C. [email protected] Publisher & EditorGregory R. Trauthwein [email protected] Editors Capt. Edward Lundquist, USN (Ret.) Rhonda Moniz  Claudio PaschoaProduction ManagerIrina Tabakina [email protected] & Graphic DesignNicole Ventimiglia [email protected] Administration & OfÞ ce Manager Rhoda [email protected] & Event Coordinator Michelle Howard [email protected], Accounting Services Rhoda Morgan [email protected], Public Relations Mark [email protected], Marketing Jocelyn [email protected], Information Technology Services Vladimir [email protected] Kathleen [email protected] Vice President, Sales and MarketingRob [email protected]: (561) 732-4368  Fax: (561) 732-6984 Advertising Sales Manager Lucia M. [email protected]: (212) 477-6700  Fax: (212) 254-6271 Mike [email protected]: (561) 733-2477  Fax: (561) 732-9670 JapanKatsuhiro Ishii  amskatsu@ dream.comTel: +81 3 5691 3335  Fax: + 81 3 5691 3336 Gregory R. Trauthwein, Associate Publisher & Editor of Marine Technology Reporter. Email: [email protected] As dynamic and technically advanced as the global subsea market is, it certainly is not immune from the short- and long-term challenges and problems that beset every other industry. Strong cyclical market rides, increased global competition, a never ending search for qualiÞ ed tech- nical talent in a shrinking pool, and pricing pressure from public and private entities are just a smattering of the business challenges you face every day. Oceanographic institutions in particular, entities which serve multiple roles across all sectors of the subsea industry and are the literal life lines for next-generation think- ing and technology, are under particular pressure these days, as the world economy slogs through year Þ ve of the economic global collapse of 2008 and supposed recov- ery, meaning that many traditional funding sources - from government to private and corporate sources - are shrinking or not available. For insight from the institutionÕs perspective, we are honored this month to pres- ent Rhonda MonizÕ conversation with Dr. Susan Avery, director of the Woods Hole Oceanographic Institution (WHOI). WHOI is arguably one of the best known and most prestigious of its breed in the world, and while it has faced its fair share of challenges, it has not slowed its march nor its mission to attract, retain, develop and deliver some of the worldÕs brightest minds and innovative technology platforms in the quest to further discover and understand what lies and lives in the worldÕs waters. A main means to discover the mysteries of the worldÕs most remote regions is increasingly via subsea robots: AUVs, ROVs and UUVs. While these vehicles have become increasingly common for use in the name of science, commerce and defense, it is wise to remember that subsea vehicles Ð particularly in the case of AUVS Ð is still a young technology, as 75% of existing AUVs were produced between 2001 and 2005. Lukas Brun from the Center on Globalization, Governance and Competitive- ness, Duke University, delivers an enlightening ROV/AUV market analysis starting on page 48, excerpts from the free full report which breaks down the market for ROVs and AUVs and examines the major drivers that will move the markets forward in com- ing years.September 20126 MTRMTR #7 (1-17).indd 6MTR #7 (1-17).indd 69/11/2012 11:43:51 AM9/11/2012 11:43:51 AM