Page 4: of Maritime Logistics Professional Magazine (Q2 2012)

Maritime Risk

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Maritime Professional

Copyright © 2012 New Wave Media. Maritime Professional (ISSN 2159-7758) volume 2, issue 2 is published quarterly (4 times per year) by New Wave Media, 118 E. 25th St., 2nd Floor, New York, NY 10010. Periodicals postage paid at

New York, NY and additional mailing offi ces. POSTMASTER: Send address changes to: Maritime Professional, 118 E. 25th St., 2nd Floor, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material.

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MaritimeProfessional — the magazine

Dr. Jim Giermanski, is Chairman, Powers Global

Holdings, Inc., an international transportation security company. A former FBI special agent,

OSI special agent and a Colonel in the Offi ce of

Special Investigations, Giermanski has testifi ed many times at federal and state levels.

Story p. 8

Lawrence O’Connell is Executive Vice President of International Maritime Security Corporation (IMSC).

Story p. 10

Barry Parker, bdp1 Consulting Ltd. provides strategic and tactical support, including analytics and communications, to businesses across the maritime spectrum. The company can be found online at www.conconnect.com.

Story p. 14

Tara Leiter concentrates her practice in the ar- eas of public and private maritime law, admiralty law, environmental law, and port security matters for international and domestic clients. She is a member of the Maritime Law Association, WISTA and the Maritime Administrative Bar Association.

Story p. 22

Also in this Edition 6 | Editor’s Note 12 | Insights

Expanded Panama Canal.

By John Padgett, McGuireWoods LLP. 16 | Insurance

Preparing to Weather Any Storm;

Big or Small. By Ken Baldwin and Kord Spielmann 18 | Port Security

Take the Money and Run. By Rick Eyerdam 24 | Interview

Urs Rathgeb, GM, Radio Holland USA 50 | Conference

Fleet Optimization: Challenges and Solutions 52 | Risk Management

Investment or Expense? By Luke Ritter 56 | Regulatory Compliance

ECA’s: A New Ballgame

By Rob Leventhal 60 | Technology

Securing Ports & Borders By Bob Bohn 58 | Finance

Maritime M&A By Harry Ward 62 | Statistics 64 | Advertiser’s Index

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Jean Vertucci [email protected] +1 212 477 6700 4 I Maritime Professional I 2Q 2012

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Maritime Logistics Professional

Maritime Logistics Professional magazine is published six times annually.