Page 2: of Maritime Reporter Magazine (April 2005)

The Offshore Industry Anual

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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 John Guzman [email protected]

Asst. Production Manager Irina Tabakina [email protected]

ADVERTISING SALES

Vice President of Sales

Lucia M. Annunziata [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

Classified Ad Sales

Dale L. Barnett [email protected]

Sales Administration Manager

Tina Veselov [email protected]

Manager, Accounting Services

Esther Rothenberger [email protected]

Manager, Public Relations

Mark O’Malley [email protected]

Sales Assistant

Nicole Sullivan [email protected]

Classified Sales Tel: (212) 477-6700

Manager, Information Technology Services

Vladimir Bibik [email protected]

CIRCULATION [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. ÖRN/LEON SCHULZ [email protected]

ÖRN MARKETING AB, Box 184, S-271 24 Ystad, Sweden

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

Spain

JOSE LUIS SEVA [email protected]

Via Exclusiuas Albasanz, 14 Bis 3 a planta, 28037 Madrid, Spain

Tel: +34 91 448 76 22; Fax: +34 91 446 02 14

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]

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

MARITIME

REPORTER

AND

ENGINEERINGNEWS

Contents

Circle 295 on Reader Service Card 2

Government Update 17 Lemons, Tiles & False Assumptions

Dennis Bryant reviews maritime safety initiatives and results since 9/11.

Offshore Technology Annual 24 LNG Will Lead the Way

Searching for new business? A new study predicts $67 billion will be spent on LNG plants, terminals and vessels. 30 Hunting for Oil with Microfossils

The study of microfossils is helping scientists find hydrocarbon resources more efficiently. — By Robert B. Witrock 34 Moving LNG Offshore: Will it Work?

As gas production grows in importance, experts are devising the means to make the recovery and delivery more efficient. 35 No Slump Here

Keppel Fels has started the new year by logging nearly a billion dollars in new rig orders and upgrades.

Canada 50 Northern Exposure

The Canadian maritime industry plans now for a brighter future. — By Vice Admiral Peter W. Cairns

Investment in Design 73 Multi-Story Carrier

Wilh Wilhelmsen debuts an impressive class of PCTCs. www.stearnssafety.com

Stearns I 590 Cold Water

Immersion Suit

Beginning in 2006, the International Maritime Organization (IMO) will make it mandatory for all cargo vessels operating in or traveling through cold-water areas to have one cold- water immersion suit per person on board.

As you prepare to comply with the new IMO-MSC 78 regulations, look to the one name more maritime professionals worldwide have trusted with their lives—and the lives of their crew—since 1941, STEARNS. The most popular and most technologically-advanced immersion suit in the industry, the

Stearns I590, the ultimate in anti-hypothermia protection.

Call or go online for a free catalog, and to receive the free CD: “How to inspect and don your cold-water immersion suit.”

Stearns, Inc. P.O. Box 1498 • St. Cloud, MN 56302 phone: 320.252.1642 fax: 320.252.4425

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U.S.C.G.

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Maritime Reporter

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