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2Maritime Reporter & Engineering News (Photo: Willard Marine) 10BILL CLIFFORD, BAE SYSTEMS SHIP REPAIR Business & personal insights from a U.S. ship repair leader. by Greg Trauthwein 14VESSEL OF THE MONTH Farstad?s chem tanker compliant Platform Supply Vessels. 16INSURANCE: MANAGING RISKGoing above and beyond the minimum required. by Kord Spielmann 20TRAINING: ELEARNING EVOLVES ELearning is increasingly valuable, but not a perfect, learning tool. by Murray Goldberg 22EXHIBITIONS: NEW FOR NORSHIPPINGVidar Pederstad explains why 2013 will be the best ever. by Vidar Pederstad 24ENVIRONMENT: THE BWT REVOLUTION The evolution of the Ballast Water Treatment technology market. by Jon Stewart 28IRAN, SANCTIONS & YOUThe impact of increased sanctions on your maritime business.by Barbara D. Linney & Kevin Miller30YOUNG FLEET FOR HEAVY LOADS German shipowner Roelf Briese and his ongoing fleet renewal plan.by Peter Pospiech34ENVIRONMENT: THE ARCTIC Holding an estimated 40 to 160 billion barrels of oil, the Arctic holds plenty of promise but still equal (if not more) amounts of peril. by Greg Trauthwein 36ENVIRONMENT: AN EEDI TRAILBLAZER Hapag Lloyd voluntarily commits its fleet; reduces emissions 27%.38ENVIRONMENT: WHAT?S ON THE ROAD AHEAD? An environmental roadmap for an energy efficient shipping industry. by Katherine Palmer42MIDDLE EAST: VELA IS BEYOND COMPLIANCE Proactive risk management pays dividends for Vela International. 44MIDDLE EAST: ASRY PROFITABLE IN Q1 Bahrain ship repair giant logs bustling business from U.S. owners. 48TECHNICAL: RIBS & PATROL CRAFT A new breed of agile, fast craft take to the waterways.ALSO IN THIS EDITION6EDITORIAL52PROPULSION UPDATES 54PRODUCTS56PEOPLE & COMPANY NEWS 58BUYER?S GUIDE59CLASSIFIEDS64ADVERTISER?S INDEX SUBSCRIPTION INFORMATION One full year (12 issues) $73.00; two years (24 issues)$105.00 in U.S. (Canada & Mexico also)Rest of world one year international $120.00; two years$174.00 including postage and handling. For subscrip-tion information:Email: [email protected]  www.marinelink.com Tel: (212) 477-6700  Fax: (212) 254-6271 ON THE COVER34Shipowners are faced with a plethora of environmental is- sues, perhaps none more pressing than evaluating the peril and promise of operat- ing in and around the Arctic. (Courtesy: DNV) contentsPickin? ?em up &Puttin? ?em downA new breed of fast, agile boats are helping the world?s Navies and other maritime security forces to complete their missions more efficiently and safely. Pictured is a Willard Marine patrol Rigid Inflatable Boats (RIBs) being built for the Egyptian Navy. This boat is powered by a 170 HP inboard diesel engine, connected to an outdrive. Full Coverage on this and other new entries in thesector starts on page 48. MR May 12 # 1 (1-8):MR Template 5/8/2012 11:27 AM Page 2