Page 6: of Maritime Reporter Magazine (June 2004)

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Editor's Note

The big will get bigger; the small will get wiped out ~ Meshulam Riklis* (Source: www.cyber-nation.com)

While I do not entirely agree with the quote from Mr. Riklis, it is interesting to note the continuing trend of consolidation and corpo- rate ownership in the maritime industry. Whether the dis- cussion is on military or commerial ventures, the notion that fewer, larger entities are inherently more efficient and cost effective — a notion with as many detractors as supporters — has generally been embraced, as the globalization of business becomes the norm rather than the exception.

There remain many strong and efficient medium- and small-sized companies that expertly fill their customer needs far and wide. Simply put, however, increasing levels of regulation are placing prohibitive financial barriers on all, and unfortunately smaller organizations unable to weather another financial storm could be the first to fall.

In this context, I of course speak of the looming deadlines for new security measures mandated under the IMO's ISPS and the U.S. MTSA. Both measures — their means, method and merit — have been debated exhaustively since the terrorist strikes of 2001.

Now, however, it is time to accept their consequence, and to evaluate the impact these regulations will have on your business in the long term.

In this year's Yearbook edition I am particularly pleased to have received the coopera- tion of two luminaries that have a great deal of say in this regard. Starting on page 26,

IMO Secretary General Efthimios E. Mitropoulos lays out the challenges facing the

IMO and the maritime industry. On page 46, is an editorial from U.S. Coast Guard

Admiral Thomas H. Collins, who delivers insights on how the needs oi Security and

Commerce must be considered in the creation and implementation of new security reg- ulations. The U.S. Coast Guard has been a model of cooperation and effective commu- nication in the run-up to July 1, 2004, making concerted efforts around the world to work together with industry to ensure that it is educated and provided the resources during this transitional time, to the mutual end of providing maximum protection while ensuring that commerce in the United States is not unduly disrupted.

On the Cover

Pictured on this month's cover is SS Normandie,

Bow View, as painted by James Flood.

This painting depicts the SS Normandie in mid-ocean, 1935, her amply flared bow rising up dramatically from the waves.

Fully illustrated is the striking whaleback and cutwater, which enabled this innova- tive ship to maintain speed in even the worst weather. A feature on Mr. Flood's career is found on page 30. 81 Editorial Index 85 Buyer's Directory 88 Ad Index 89 Ship's Store 90 Classifieds

Subscriptions: One full year (12 issues) S24.00 in U.S.; outside of U.S. S96.00 including postage and handling. For subscription information, con- tact: Dale Barnett, fax: (212) 254-6271; e-mail: [email protected] www.marinelink.com

ISSN-0025-3448

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No. Vol. 66 118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271

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Audit of Circulation, Inc. * To save anyone who's interested from a "Google" search, Riklis was an entreprenuer, one of the first to do a leveraged buyout; a person who predicted today's merger scene, and perhaps started it. His Riklis family company eventually would do over a billion dollars in annual sales, a major force with its Faberge and Elizabeth Arden products. www.marinelink.com [email protected]

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July 2004

Gulf of Mexico Report • U.S. Navy Quarterly • CAD/CAM •

Diesel Engine Buyer's Guide

August 2004 65th Anniversary: Special Double-Sized Commerorative Edition • Marine

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