Page 2: of Maritime Reporter Magazine (July 2003)

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MARITIME REPORTER

AND

ENGINEERING NEWS

Contents 17 Government Update

SHOW ME THE (grant) MONEY!

Dennis Bryant laments that politics, as usual, may be the cause for a bottlenecking of federal security funding to the marine industry. 20 Navy & USCG

Integrated Deepwater System Update

Rear Adm. Patrick M. Stillman, a driving force behind the delivery of the USCG's historic transformation, updates MR on the $17 billion project. 26 GOM Report

When will the Drilling Start Again?

Is the drilling market's current trough driven by real or imag- ined conditions ... or both. Larry Pearson explores, citing some positive indicators for a recovery sooner than later. 28 Investment in Design

Build it... but will they come?

Vosper Thornycroft has created a state-of-the-art production facility within Portsmouth Naval base. But what will fill the shop? David Tinsley explains. 33 Cruise Market

S.S. Norway: The Aftershock

The explosion aboard S.S. Norway raises new questions about old ships. — by Regina P. Ciardiello 41 In Memory: Lester Rosenblatt 46 2003 DIESEL ENGINE GUIDE

From Sat/ Fo

MidWest Sales Office

Wisconsin

Northeast Sales Office

New York SeaArk Has

You Covered.

NO MATTER WHAT YOUR LOCATION,

SEAARK HAS A SALES OFFICE NEAR YOU.

SeaArk Marine manufactures all-welded aluminum work and patrol boats from 17 to 85 feet in length. SeaArk's sales staff has a combined total of 163 years experience in the boat building industry. Our extended sales force has the expertise and commitment to customer satisfaction that keeps our customers coming back again and again.

West Coast Sales Office

California

Southeast Sales Office

North Carolina

FSS Contractor m m? SEAARK

MARINE

The only thing stronger than our boats is the knowledge and dedication of our people!

Call us today to discuss your requirement.

P.O. Box 210, Monticello, Arkansas 71657

PHONE: 870-367-9755 - FAX: 870-367-2120

E-mail: sales@seaark.com — www.seaark.com

Circle 249 on Reader Service Card

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

Tel: (212) 477-6700; Fax: (212) 254-6271 e-mail: mren@marinelink.com • Web: Internet: www.marinelink.com

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

Associate Publisher

Gregory R. Troulhwein • trauthwein@marinelink.com

EDITORIAL

Managing Editor • Regina P. Ciardiello • ciardiello@marinelink.com

Associate Editor • Jennifer Rabulan * rabulan@marinelink.com

Technical Editor • David Tinsley

Contributing Editor • Dennis L. Bryant, Senior Maritime Counsel,

Holland & Knight

Editorial Consultant • James R. McCaul, president,

International Maritime Associates

PRODUCTION

Production Manager

Michael Lowe • lowe@marinelink.com

Asst. Production Manager

Irina Tabakino • labakina@morinelink.com

CIRCULATION

Circulation Manager

Dale L. Barnett • bornett@marinelink.com

ADVERTISING SALES

Vice President of Sales

Lucia M. Annunziata • annunziota@marinelink.com

National Sales Manager

Rob Howard • howard@marineiink.com

Tel: (561) 732-4361; Fax: (561) 732-6984

North American Sales Manager

Brett W. Keil • bkeil@marineiink.com

Tel: (561) 732-1185; Fax: (561) 732-8414

Director, New Business Development

Jean Vertucci • vertucci@marinelink.com

Marketing Manager

Richard Grable • grable@marinelink.com

Tel: (561) 732-1651; Fax: (561) 732-6984

Manager, Information Services

Tina Angelino • ongelino@marinelink.com

Manager, Accounting Services

Esther Rotbenberger • rothenberger@marinelink.com

Manager, Advertising Services

Kristen O'Malley • omalleY@morinelink.com

Sales Assistant

Elizabeth Singh • iingh@morinelmk.com

Classified Sales • Tel: (212) 477-6700

Manager, Web Services

Rostislav Sakhnovskiy • sokhnovskiY@marinelink.com

Manager, Information Technology Services

Vladimir Bibik • bibik@marinelink.com

PUBLISHERS

John E. O'Malley

John C. O'Malley • jomalleY@marinelink.com

International Sales Operations

Managing Director, International Sales

TONY STEIN 12, Braehead, Bo'ness, West Lothian EHSl 0BZ, Scotland, U.K.

Tel: +44 (0) 1506 822240; Fax: +44 |0) 1506 828085

CHARLES E. KEIL, Vice President, International Operations 215 NW Third Street, Boynton Beach, FL 33435

Tel: +561-732-0312; Fax: +561-732-8063 24-hr Tel/Fax: +561-998-0313; Mobile Tel: +561-716-0338 e-mail: ckeil@marinelink.com

Germany/Switzerland

TONY STEIN

Tel: +44 10) 1506 822240; Fax: +44 (0) 1506 828085

Japan

KA15UHIR0 ISHII

Ace Medio Service Inc., 12-6, 4-chome, Nishiike, Adachi-ku, Tokyo 121,

Japan, Tel: +81 3 5691 3335; Fox: + 81 3 5691 3336

Korea

JO, YOUNG SANG

Business Communications, Inc., Kwangwhamun P.O. Box 1916, Seoul, Korea

Tel: +82 2 739 7840; Fax: +82 2 732 3662

Scandinavia

STEPHAN R.G. 0RN/LE0N SCHULZ

AB Stephan R.G. Orn, Box 184, S-271 24 Ystad, Sweden

Tel:+46 411-184 00; Fax:+46411 105 31

Spain

JOSE LUIS SEVA

Via Exdusiuos S.L., C/ Viriato, 69 SC, 28010, Madrid, Spain

Tel: +34 91 448 9136; Fax: +34 91 446 0214

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.