Page 6: of Maritime Reporter Magazine (July 2003)

Editor's Note

As we steam towards the traditional 'dog days of summer,' the feeling here is that this will any-thing but a relaxed period in the maritime world. Simply put, the industry is experiencing a signifi- cant metamorphosis, with upheaval of varying degrees on most all fronts — from commercial to military; from shallow draft to deep draft.

The only constant, as the saying goes, is change, and given the history of the marine business, it would seem that regulatory change should be a staple on any veteran company's agenda. Stoked by a hyper-sensitive media that is poised to pounce on any story, employing sensationalist means to capture attention and revenue, the relatively fragmented marine business is no match for a motivated international media and politicians seeking to secure their positions.

At home and abroad, marine companies this summer are (or should be) hit- ting the books to understand and assimilate many of the changes that will affect their business. Understanding the new rules for compliance, however, are just a part of the equation. It is equally necessary to comprehend the bottom-line impact — from the initial financial hit to the continuing drag on case flow for years to come — as it is critical to not only comply with the rules du jour, but to position your company to prosper for years to come. Organizations with informed executives and mid-level managers, as always, will rise to the top, while those choosing to go about "business as usual" could suffer in the long term.

New regulations incorporating the ISPS Code and provisions of the Act will be published on or about July 1, 2003, as Charley Haven pointed out in the

June 2003 edition of Maritime Reporter. (Seminar Series Aims to Ensure

Compliance, MR, June 2003, p. 26). These regulations will have far reaching impact upon most of the maritime industry in the U.S., and the entire mar- itime community needs to get up to speed on compliance with the new meas- ures.

On the Cover

MARITIME

REPORTER

On the Cover: The Jone A. Bouchard — a 130-ft., 6,140-bhp tug — and Barge B. No. 225, a 110,000 bar- rel class double bull oil Barge — the two major pieces of an Articulated Tug/Barge (ATB) built by Bollinger

Shipyards for Bouchard Coastwise Management Co. See story on poge 10. 35 Finland 38 Satcom 41 People & Company News 52 Cad/Cam 53 Ship's Store 54 Buyer's Directory 56 Advertiser's Index 57 Classified

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MARITIME

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