Page 6: of Maritime Reporter Magazine (November 2004)

MARITIME

REPORTER

AND

ENGINEERING NEWS

Editor's Note

As we enter the homestretch of another year, it is worthy to look ahead to analyze where the best business opportunities lie in the coming 12 months and beyond.

Maritime Security: Though the public mantra from companies and organizations seeking to tap this lucra- tive, long-term market generally bemoans the low level of funding for maritime security initiatives, I ask when is the last time you ever heard anyone say " We're fully funded... thank you? Companies intent on getting a slice of this burgeon- ing pie should have its course firmly set and be prepared to move now. As is expected, the large corporate players are already at the table. But with an

Administration that has made securing U.S. borders and commerce its top pri- ority; a Department of Homeland Security that is nearing two years working as a single, cohesive and fully functional unit; and an ever-increasing emphasis and reliance on the skill and assets of the United States Coast Guard to carry out the mission, it could be reasoned that there will be plenty of business to go around.

Energy: Broad and ubiquitous, the energy markets — particularly if oil prices remain in the stratosphere — will play a bigger roll than ever in making or breaking bottom lines. It is inconceivable to believe that, given a price per barrel of $50+, that activity in and around the Gulf of Mexico, or offshore around the world for that matter, will not heat up considerably, particularly efforts to dis- cover and recover resources in ever-deepening waters. Also, the effort to recover and deliver gas is in full swing, with numerous LNG projects in full swing or in advanced planning stages.

Short Sea Shipping: Oft-debated yet rarely acted upon, the ability to move peo- ple and cargo on short, high-speed routes in and around the major metropolitan areas is quickly picking up steam. The Maritime Administration has held several conferences on the topic, and the industry has responded with a plethora of innovation, including many proven and new vessel and equipment designs.

On the Cover

Pictured on this month's cover is MV Jeon Anne, the first Pure Car Truck Carrier (PCTC) to be built in the U.S. Built by VT Halter Marine at its

Pascagoula, Miss., facility, Jean Anne is one of the largest vessels to be launched by a U.S. mid-tier shipyard. 17 Training & Education 62 Ship Repair & Conversion 100 Buyer's Directory 103 Ship's Store 104 Ad Index 105 Classifieds

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