Page 2: of Maritime Reporter Magazine (June 2004)

Annual World Yearbook

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MARITIME

REPORTER

AND

ENGINEERING NEWS

Contents

Government Update 21 Is Water Transport Shortchanged?

The new Ocean Policy Study doesn't put the commercial marine industry in proper perspective. — by Dennis L. Bryant

The 2004 World Yearbook 26 Challenges Facing IMO

Just six months on the job and Mr. Efthimios E. Mitropoulos,

IMO Secretary General, has his hands full. Here he lays out the challenges for the maritime industry in the coming years. 30 Flooding the Market

Maritime artist James Flood's life passion has been bringing the sea to canvas. 32 Containerships: Full Steam Ahead?

David Tinsley analyzes the recent history and future prospects of this torrid market. 34 Oil & Offshore Market • 38 LNG Market • 42 Tech Review 46 Security & Commerce

On the eve of July 1, 2004, U.S. Coast Guard Commandant

Admiral Thomas H. Collins discusses the need to balance maritime security concerns with commerce needs. 70 The Deepwater Wake-Up Call

The USCG Deepwater Program needs to stay relavent to evolving ops demands. — by Capt. Gordon I. Peterson • Contractors • Manufacturers • Engineers • Quality Interiors • Turnkey Deck Houses & Crew Modules • Steel Fabrication and Erection

JAMESTOWN

Contractors • Manufacturers • Engineers • Marine Interiors

Jamestown Metal Marine Sales, Inc. 4710 N.W. Boca Raton Blvd., Suite 400, Boca Raton, Florida 33431

Ph: (561) 994-3900 • Fax: (561) 994-3969 • www.jamestownmetal.com • Sheathing • Dining Room Furnishings • Lounge & Bar Furnishings • Laundry Equipment • Storeroom Shelving & Equipment

Circle 265 on Reader Service Card

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

Tel: (212) 477-6700; Fax: (212) 254-6271 e-mail: [email protected] • Web: Internet: www.marinelink.com

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

Tel: (561) 732-1659 Fax:(561) 732-6984

Associate Publisher

Gregory R. Trauthwein • [email protected]

Associate Editor • Jennifer Rabulan • [email protected]

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 • [email protected]

Asst. Production Manager Irina Tabakina • [email protected]

CIRCULATION

Circulation Manager Dale L. Barnett • [email protected]

ADVERTISING SALES

Vice President of Sales

Lucia M. Annunziota • [email protected]

National Sales Manager

Rob Howard • [email protected]

Tel: (561) 732-4368; Fax: (561) 732-6984

North American Sales Manager

Brett W. Keil • [email protected]

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

Regional Sales Manager

Leonardo Maldonado • [email protected]

Tel: (561) 732-9670; Fax: (561) 732-8414

Marketing Manager

Richard Grable • [email protected]

Tel: (561) 732-1659; Fax: (561) 732-6984

Manager, Information Services

Tina Veselov • [email protected]

Manager, Accounting Services

Esther Rothenberger • [email protected]

Manager, Public Relations

Mark O'Malley • [email protected]

Manager, Advertising Services

Kristen O'Malley • [email protected]

Classified Sales • Tel: (212) 477-6700

Manager, Information Technology Services

Vladimir Bibik • [email protected]

PUBLISHERS

John E. O'Malley

John C. O'Malley • [email protected]

International Sales Operations

Managing Director, International Sales

TONY STEIN 12, Braehead, Bo'ness, West Lothian EH51 OBZ, Scotland, U.K.

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

Germany/Switzerland

TONY STEIN • [email protected]

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

Japan

KATSUHIRO ISHII

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

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

Korea

JO, YOUNG SANG • [email protected]

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 • [email protected]

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

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

Spain

JOSE LUIS SEVA • [email protected]

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

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

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: [email protected] 2

Maritime Reporter

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