Page 4: of Maritime Reporter Magazine (April 2013)

4 MARITIME REPORTER & ENGINEERING NEWS ? APRIL 2013 PUBLISHERSJohn E. O?MalleyJohn C. O?Malley  [email protected] Publisher & EditorGregory R Trauthwein  [email protected] Contributing Editors Dennis L. Bryant Edward Lundquist Editorial Intern Eric Haun Correspondents Joseph Fonseca, India Greg Knowler, China Claudio Pashoa, Brazil Peter Pospiech, Germany Editorial Consultant James R. McCaul, President, International Maritime Assoc.PRODUCTION Production Manager Irina Tabakina  [email protected] STAFF Manager, Accounting Esther Rothenberger  [email protected] Manager, Public Relations Mark O?Malley  [email protected] Manager, Marketing Jocelyn Redfern  [email protected] Manager, Information Vladimir Bibik  [email protected] Technology Services CIRCULATION Circulation Manager Kathleen Hickey  [email protected] President of Sales & MarketingRob Howard  [email protected] Sales Administration Rhoda Morgan  [email protected] & OfÞ ce Manager Sales & Event Coordinator Michelle Howard  [email protected] ClassiÞ ed Sales Manager Dale Barnett  [email protected]; 212-477-6700Advertising Sales ManagerNational Sales Manager Terry Breese  [email protected] - Tel: (561) 732-1185; Fax: (561) 732-8414 Sales Representatives Lucia Annunziata  [email protected] - Tel: (212) 477-6700; Fax: (212) 254-6271 Frank Covella  [email protected] - Tel: (561) 732-1659; Fax: (561) 732-8063 Mitch Engel  [email protected] - Tel: (561) 732-0312; Fax: (561) 732-8063 Mike Kozlowski  [email protected] - Tel: (561) 733-2477; Fax: (561) 732-9670 Dawn Trauthwein  [email protected] - Tel: (631) 472-2715; Fax: (631) 868-3575 Jean Vertucci  [email protected] - Tel: (212) 477-6700; Fax: (212) 254-6271 Scandinavia Roland Persson  [email protected] Orn Marketing AB, Box 184 , S-271 24 Ystad, Sweden Tel: +46 411-184 00 ; Fax: +46 411 105 31 Western Europe Uwe Riemeyer  [email protected] Tel: +49 202 27169 0 ; Fax: +49 202 27169 20 United Kingdom Paul Barrett  [email protected] Hallmark House, 25 Downham Road, Ramsden Health, Essex CM11 1PU UK Tel: +44 1268 711560 M: +44 7778 357722 ; Fax: +44 1268 711567 Japan Katsuhiro Ishii  [email protected] 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  biscim.co.kr Business Communications Inc., Rm 1232, Gwanghwamoon Of cia Bldg., 163, 1-Ga, Shinmoon-Ro, Jongro-Gu, Seoul, Korea 110-999 Tel: +82 2 739 7840 ; Fax: +82 2 732 3662 www.marinelink.com Business Publications Audit of Circulation, Inc. MemberNEW YORK118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700  Fax: (212) 254-6271 e-mail: [email protected]: www.marinelink.com FLORIDA 215 NW 3rd St., Boynton Beach, FL 33435Tel: (561) 732-4368; Fax: (561) 732-6984 CONTENTSGOVERNMENT UPDATE 16 THE NOISE CODE A ship in compliance with the Noise Code will generate less noise and create a safer environment. By Dennis BryantLEGAL BEAT 18 CHAPTER 11 & FOREIGN SHIPPING The beneÞ ts and detriments of Þ ling Chapter 11. By Thomas J. BelknapINSURANCE UPDATE 22 UNDERSTANDING THE UPS AND DOWNS Business is cyclical, and nowhere is it more apparent than in the insurance market.By Rich DeSimoneLOGISTICS 26 UPGRADE IT, REDUCE THE HEADACHES Upgrading Transportation Management Systems can be a wise investment with good return. By Stefan Haenisch & Gerald Hoppe32185640%The market for ß oating production systems is forecast to rise 40% in the next Þ ve years, with an additional 124 to 190 units set to be ordered. 58MR #4 (1-9).indd 4MR #4 (1-9).indd 44/5/2013 9:38:19 AM4/5/2013 9:38:19 AM