Page 2: of Maritime Reporter Magazine (June 2001)

Photo Credit: Walter Garschagen

Walter Garschagen Photography, 22 Division St., Cold Spring, NY 10516, (800) 333-8385; www.garschagen.com ^ First Class r Container Ship:

No other branch of shipping makes such high demands on vessel availability and schedule integrity as does container shipping. That's why smart container carriers choose the market leader. More than half of all container ship newbuildings are awarded GL class with nearly a third of the world's container fleet classed with GL.

GL was the first classification society to • include fatigue factors in the scantling rules • publish container lashing rules • calculate global strength and vibrations for Post

Panamax container ships • introduce "girderless" holds in large container ships www.germanlloyd.org

Germanischer Lloyd

ADVANCED SHIP TECHNOLOQY

Head Office • Vorietzen 32/35 • 0-20459 Hamburg

Phnu 1*49(0)41)36149-1)1 • pax 1*49 (0) 40 U1 49-200! • E-mail Ibiadoffic^ermdnUoydiirnl

Circle 251 on Reader Service Card 8 Galician Grit

Independent Spanish Shipbuilder Hijos de. J Barreras has recently delivered a pair of spe- cialized ships, a compact pure car carrier and a new RoPax ferry, and taken in three new contracts which keep it fully booked into mid-2003. — by David Tinsley, technical editor 30 Coming Home Again

As an eight-year-old, Retired Admiral Dick Camacho — presently a senior vice president for Government Business at United States Marine Repair (USMR) — lived through the bombing of Pearl Harbor. With USMR's pending acquisition of Marisco, Camacho is returning to his roots as he adds the Hawaiian facility to his watch. — by Regina Ciardiello, senior editor

World Yearbook 34 U.S. Shipbuilding Report Despite a number of challenges, Allen

Walker reasons that the future for U.S. yards is bright. 36 An Obit for Mar Ad? John Graykowski, former Deputy

Administrator of the Maritime Administration, argues that the break-up of MarAd would be a mistake. 42 Seamless Transfer With the oil markets booming and FPSO's given the greenlight in the Gulf of Mexico, a new report shows that shuttle tanker business should be booming in the U.S. — By James R. McCaul, International Maritime Associates 48 Balance of Power Korea clearly dominated the newbuild scene in 2000, and record levels of ordering activity helped to raise prices. 50 The Tanker Market VLCC rates are high and niche markets fill orderbooks. 56 Offshore Rebound The second half of 2001 and far beyond look good for growth in the offshore market. 58 The P&I Market As stock prices drop, insurance rates will rise. 62 Cradle of Creativity Innovative marine solutions took center stage this past year. 70 The Bulk Carrier Market Modest growth predicted as the mar- ket will be flooded with new tonnage. 84 Memory (Re)Maker Naval architect and self-taught artist Peter Hsu has left an indelible mark on ship artistry, and his compelling drawings are an integral part of celebrating the Arleigh Burke class of ships. 12 Ship Repair Report 15 New & Notable 28 Show Preview: Asia Pacific Maritime 2001 95 Piracy Report 100 Ship's Store 102 Buyer's Directory 104 Advertising Index

Subscriptions: One full year (12 issues) $18.00 in U.S.; outside of U.S. S96.00 including postage and handling. For subscription information, contact: Dale Barnett, fax: (212) 254-6271; e-mail: [email protected] 50

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No. 6 Vol. 63

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