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Inspiring. Suffering. Life through Art. Death.

All of the above, and so much more, were my feelings when initially seeing Edward Burtynsky's photographs of shipbreaking operations in Bangladesh, as presented in a recent edition of Smithsonian magazine. Above all, though, I thought "I want those for our magazine," which, through the persistence of Regina Ciardiello and the professionalism and assistance of Mr. Burtyn- sky, evolved from train ride thought to reality.

While hunks of steel piled on a beach halfway around the globe is a far cry from our traditional editorial focus — gleaming new ships and boats and marine equipment technology — the fate of ships when they are no longer suitable for operation is increas- ingly a topic of concern for world leaders, particularly with the expedited phase out of single hull tankers. Presented without political agenda, the profile of Mr. Burtynsky and a photo essay of his work, starting on page 68, provides you with unique visions of a practice traditionally fully cloaked.

Heading into the second half of 2002, there are as many ques- tions as answers regarding the near-term prospects of marine busi- ness at nearly every level. A quirky economy continues to vex even the brightest minds, while the reality of war and near wars around the globe continue to cast uncertainty that is felt not only in the largest corporate boardrooms, but throughout the smallest corners of the marine business.

Looking inward, prospects for the a significant pick-up of business in the U.S. is very real, spurred by new navy projects, port security initiatives and commercial need. H. Clayton Cook,

Jr. summarizes the abundance of opportunities, as well as the key initiatives needed to get them moving, in his article on the U.S. marine market starting on page 32

Toronto, Canada-based photographer

Edward Burtynsky shot this, and many other stunning photographs documenting conditions of the shipbreaking industry dur- ing a trip to Bangladesh in 2001. A photo essay on Mr. Burtynsky's work can be seen starting on page 68.

Also in this Issue 6 24 28 40 48 49 54 72

Bollinger to Acquire Halter

Design Insights

Navy League set for NY

GL = German Precision

STATS: Recent Ship Sales

New Turbo Tech Unveiled

STATS: Fleet, Orderbook

Intertanko's Sustainable

Challenge 80 Blohm+Voss Celebrates 125 84 STATS: Ferliship's New

Ship Contracts 92 VDR Report 96 Ship Repair Report 98 Ship's Store 102 Buyer's Directory 104 Advertisers Index 105 Classified Ads

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No. 6 Vol. 64 118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271

Founder: John J. O'Malley 1905 - 1980

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