Page 6: of Maritime Reporter Magazine (October 2002)

MARITIME

REPORTER

AND

ENGINEERING NEWS

Editor's Note

The "Don't Tread on Me" rattlesnake flag has been revived and ordered flown aboard the

U.S. Navy fleet — per the May 31, 2002 order of Navy Secretary Gordon England — as a sym- bol of the nation's defiance against terrorism The familiar symbol and phrase are deeply rooted in Ameri- can history, and I highly recommend www.foundingfa- thers.info for those of you interested in reading about its meaning to the U.S. (A special thanks to my editor- ial "guru" down south that keeps me abreast of such matters!)

The symbol will become familiar to the readers of MR/EN as well, as we "fly the flag" atop each of our special U.S. Navy reports, starting with this month's coverage of the new family of Navy ships under development. Written by Com- mander Joseph Chiaravallotti, U.S. Navy, and starting on page 28, the article entitled "The Littoral Combat Ship: Force Multipli- er for the 21st Century Navy," provides an insider's view of the steps in place and under development to effectively rebuild the U.S. Navy for the next generation. All of the armed forces are aggressively re-evaluating the way in which they per- forms their maritime missions, an aggressive top to bottom review which has helped to redefine the missions themselves.

Though impressive and significant of a large capital investment for the coming decades, the naval and government side of the marine business is not the only source for immediate business. Though it may already sound trite, one can not underestimate the impact of new security measures on shipboard and port operations. Last month the U.S. Maritime Security Expo — held in

New York on September 18-19 — was packed with sellers and buyers of the latest security products and systems. Dennis L. Bryant in his monthly Gov- ernment Updates column (see page 12) entitled "The High Risk Pool of

Cargo and Maritime Security" once again underscores how evolving policy will directly effect shipping operations. Companies that will lead and prosper — despite what may seem high compliance costs — will invest today in the establishment of verifiable, secure shipping operations.

Simply said, there is no other choice. www.marinelink.com trauth wein @ marinelink.com

On the Cover

This month's cover exhibits a unique bowthruster repair technique devised and executed by Hydrex on the 5,477-

TEU containership Manjin Vienna. (See related story an page 18).

Also in this Issue 8 Fincantieri Proceeds on

Costa Fortuna 10 Italian RoRo Runs Aground 20 UMC Goes Deep 27 IZAR and Rolls-Royce Plan

High Speed Cargo Vessel 32 New Ship Family Will

Transform U.S. Navy Fleet 39 Subsea Virtual Reality 43 LNG Market Report 52 Ship's Store 54 Buyer's Directory 56 Advertiser's Index 58 Classified Ads

Subscriptions: One full year (12 issues) $18.00 in U.S.; outside of U.S. $96.00 including postage ond handling. For subscription information, con- tact: Dale Barnett, fax: (212) 254-6271; e-mail: [email protected]

ISSN-0025-3448

USPS-016-750

No. 10 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

Charles P. O'Malley 1928 - 2000

Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Peri- odicals Postage Rates at Waterbury, CT 06701 and addi- tional mailing offices.

Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineer- ing News, 118 East 25th Street, New York, NY 10010.

Canada Post International Publications Mail Product (Canadian Distribution) Sales Agreement No. 0970700.

Printed in U.S.A.

Publishers are not responsible for the safekeeping or return of editorial material. © 2002 Maritime Activity Reports, Inc.

Member

Business Publications

Audit of Circulation, Inc.

Other Printed, Internet & Electronic Products

MarineNews

Published 18 times per year, MarineNews is the leading provider of information and analysis for the North American inland/offshore shallow draft market. www.maritimetoday.com

Customized e-mail news service delivered twice a day, includ- ing the latest contracts, casualties, people & company reports. www.maritimejobs.com

The marine industry's recruiting & employment resource. www.marinelink.com

The Internet's largest marine website, recording more than 270,000 "hits" per month. Daily news, data & statistics, industry directories.

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photo- copying. recording or otherwise without the prior written permission of the publishers.

Looking for service reliability, we deliver it.

ABB Turbochargers

A nu

New York/NJ, Miami, Houston, Seattle/Tacoma, Los Angeles — email: [email protected] 6

Circle 200 on Reader Service Card or visit www.maritimereporterinfo.com

Maritime Reporter/Engineering News