Page 3: of Maritime Reporter Magazine (September 1995)

EDITOR'S NOTE

Zaunching a new project is always excit-ing, and the inaugural publication of 'Marine Propulsion Technologies," a 52-page special supplement of the

September edition, is certainly no exception.

This specialty publication is designed to deliver analysis and general trends in the vast world of marine propulsion. International Editor,

Graeme MacLennan — no stranger in propul- sion circles — delivers the centerpiece article, which encompasses informa- tion on everything from slow-speed diesels to gas turbines. Additionally, a Q&A with MAN B&W President Claus Windelev highlights the emerging trends in the increasingly competitive, and scrutinized, diesel engine market.

On the financial front, the Title XI financial guarantee program from the U.S. Maritime Administration continues to generate significant business for U.S. yards. There were several notable occurrences during the month, including: • While product tanker orders have taken center stage in the U.S. yard resurgence, a deal between Mar Ad and Nichols Brothers Boat Builders (and partners Gladding-Hearn Shipbuilding and International Catamarans

Design) shifts focus to another high-growth market segment: fast ferries.

The cost-shared program — awarded as a part of the Maritech program — is designed to help U.S. companies capture a commanding share of the international fast ferry market. Coverage of this story, as well as an updated listing of Title XI guarantees awarded and pending, starts on page 32.

With all of the new business generated by the Title XI program, it should be noted that by the beginning of 1996 it could be changed significantly, pending Congressional enactment of legislation which accepts the terms of the OECD agreement regarding the elimination of shipbuilding subsidies.

Although the rhetoric for and against the OECD agreement has been heard loud and often, there is not yet a definitive indication as to which way the voting will go. look in our October issue for the latest on this, and other critical issues affecting the maritime industry.

Greg Trauthwein, editor • New Orleans-based Avondale Industries will be putting its new ship factory to use soon. Pending Title XI approval, it has been tapped to build seven 42, OOO-dwt product tankers for Russia's Primorsk. See the story on page 95.

Please send any comments or suggestions to me via e-mail at

[email protected], or you can fax me at (212) 254-6271. I look forward to hearing from you.

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September, 1995 5