Page 4: of Maritime Reporter Magazine (May 2014)

4 Maritime Reporter & Engineering News • MAY 2014

PUBLISHERS

John E. O’Malley

John C. O’Malley [email protected]

Associate Publisher & Editor

Gregory R Trauthwein [email protected]

EDITORIAL Web Editor Eric Haun [email protected] Contributing Editors Dennis L. Bryant, Joseph Keefe, Ned Lundquist Correspondents Joseph Fonseca, India, Greg Knowler, China Claudio Pashoa, Brazil, Peter Pospiech, Germany Editorial Consultant James R. McCaul President, International Maritime Assoc.

PRODUCTION Production Manager Irina Tabakina [email protected]

CORPORATE STAFF Manager, Accounting Esther Rothenberger [email protected] Manager, Public Relations Mark O’Malley [email protected] Manager, Information Vladimir Bibik Technology Services [email protected]

CIRCULATION Circulation Manager Kathleen Hickey [email protected]

SALES

Vice President of Sales & Marketing

Rob Howard [email protected]

National Sales Manager Terry Breese [email protected] t: (561) 732-1185 f: (561) 732-8414

Sales Representatives Lucia Annunziata [email protected] t: (212) 477-6700 f: (212) 254-6271 Frank Covella [email protected] t: (561) 732-1659 f: (561) 732-8063 Mitch Engel [email protected] t: (561) 732-0312 f: (561) 732-8063 Mike Kozlowski [email protected] t: (561) 733-2477 f: (561) 732-9670 Dawn Trauthwein [email protected] t: (631) 472-2715 f: (631) 868-3575 Jean Vertucci [email protected] t: (212) 477-6700 f: (212) 254-6271 Sales & Event Coordinator Michelle Howard [email protected]

INTERNATIONAL SALES REPRESENTATIVES

Scandinavia Roland Persson [email protected] Orn Marketing AB, Box 184 , S-271 24 Ystad, Sweden t: +46 411-184 00 f: +46 411 105 31

Western Europe Uwe Riemeyer [email protected] t: +49 202 27169 0 f: +49 202 27169 20

United Kingdom Paul Barrett [email protected] Hallmark House, 25 Downham Road, Ramsden Health, Essex CM11 1PU UK t: +44 1268 711560 m: +44 7778 357722 f: +44 1268 711567

Japan Katsuhiro Ishii [email protected] Ace Media Service Inc., 12-6, 4-chome, Nishiike, Adachi-ku, Tokyo 121, Japan t: +81 3 5691 3335 f: +81 3 5691 3336

Korea Jo, Young Sang biscim.co.kr Business Communications Inc., Rm 1232, Gwanghwamoon Offi cia Bldg., 163, 1-Ga, Shinmoon-Ro, Jongro-Gu, Seoul, Korea 110-999 t: +82 2 739 7840 f: +82 2 732 3662

Classifi ed Sales t: (212) 477-6700 www.marinelink.com

Member

NEW YORK 118 E. 25th St., New York, NY 10010

Tel: (212) 477-6700 • Fax: (212) 254-6271 e-mail: [email protected]

Web: www.marinelink.com

FLORIDA 215 NW 3rd St., Boynton Beach, FL 33435

Tel: (561) 732-4368; Fax: (561) 732-6984 8 STRAIGHT TALK; WINDING RIVERS

Last month’s IRPT meeting in St. Louis highlighted the tremendous value and future needs of the inland waterway system.

By Joseph Keefe 12 OFFSHORE FLOATING PRODUCTION

The Offshore Floating Production sector has hit some stiff headwinds, powered by the shale oil and gas revolution in the U.S.

By Jim McCaul 19 HYDRODYNAMIC SOFTWARE SUITES

To support designers and engineers in evaluating design concepts more effi ciently,

MARIN has developed the hydrodynamic suites QSHIP and QPROP.

By Arno Bons 24 LITIGATE OR ARBITRATE: THAT IS THE QUESTION

When it comes to dispute resolution clauses, there is no one-size-fi ts-all solution, and the decision whether to arbitrate or litigate may be more complex than anticipated.

By Alan M. Freeman 26 SEWOL: TRAGEDY STRIKES AGAIN

Though early in the investigation, the tragic story of Sewol again centers on actions of the captain and crew.

By Greg Trauthwein 50 PEOPLE & COMPANY NEWS 52 PRODUCTS: DECK MACHINERY 55 PRODUCT FEATURE: MARINE ELECTRONICS 59 BUYER’S GUIDE 60 CLASSIFIEDS 64 ADVERTISER’S INDEX

FROM OUR ARCHIVES THE COVER 52 55 16

CONTENTS NUMBER 5 / VOLUME 76 / MAY 2014

Pictured on this month’s cover is Carol Armstrong cracking the champagne bottle to offi cially christen the R/V Neil Armstrong, named to honor her late husband and world-famous astronaut Neil

Armstrong.

Full details on the R/V Neil

Armstrong starts on page 40. (Courtesy of Karla DeCamp,

Dakota Creek Industries)

Sour ce: Damen Shipyar ds Gr oup

Photo: Alex Ser gienko

MR #5 (1-9).indd 4 5/2/2014 12:35:25 PM