Page 2: of Maritime Reporter Magazine (April 1997)

Meet discharge standards before you meet the [oast Guard!

On The Cover

Pictured on this month's cover is the Hibernia platform following the successful mating of its topsides in late February.

The progress of the massive Hibernia project is covered in this month's Offshore Business section, starting on page 33.

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Industries, Inc. 8 10

MARINE FINANCE

Repossession: When a loan goes bad, getting the ship back is a challenging task. /

BON VOYAGE / /

Circle 327 on Reader Service Card

The cruise industry's fantastic voyage upward shows no signs of slowing, according to the people who buy the ships. — by Bridget Murphy, senior editor

FAR EAST UPDATE

South Korea confines to win ship orders despite political problems and labor unrest...soft- ening yen lends Japanese builders a boost. — by Alan Thorpe, international editor 33 MATCHMAKER /

The crucial mating of Hibernia's topsides with its concrete Gravity Base Structure was recently executed in Canada. / 40 A NEW 320-mm CONTENDER

Wartsila has unveiled a new engine with improved power, consumption and reduced componentry to the fiercely competitive engine sector. — by David Tinsley, technical editor 54 REGULATING SAFETY

A bevy of regulations, stemming from high-profile loss-of-life incidents, is significantly affecting the maritime equipment supply arena. — by David Tinsley, technical editor 66 MARINE ELECTRONICS & SATCOM REVIEW

Updates on some of the industry's premier suppliers of electronic and satellite communi- cations products and services. 82 RELYING ON THE CONSTANT

Germany's maritime industry has endured significant consolidations. Through it all, the country's maritime builders and suppliers have stuck with its hallmark: providing techno- logically advanced solutions. / I f &Q0® m tfCCDS 08S0DB 46 SHALLOW DRAFT REVIEW 88 INFORMATION TECHNOLOGY 90 PROPULSION UPDATE 91 EUROPEAN UPDATE 94 COMPANY A PEOPLE NEWS 105 RECENT SHIP SALES; BUNKER FUEL MONITOR 114 CALENDAR OF EVENTS

Subscriptions: One full year (12 issues) SI 8.00 in U.S.; outside of U.S. S96.00 including postage and handling. For subscription information, contact: Dale Barnett, fax: (212) 254-6271.

AND

ENGINEERING NEWS

ISSN-0025-3448

USPS-016-750

No. 4 Vol. 59 118 East 25th Street

New York, NY 10010 (212) 477-6700

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any fneans mechanical, photocopying, recording or oth- erwise~w!thout the prior written permission of the publishers.

Founder: John J. O'Malley 1905 - 1980

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