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Business Publications Audit of Circulation, Inc. Member Meet the Contributors Maritime Professional Copyright © 2012 New Wave Media. Maritime Professional (ISSN 2159-7758) volume 2, issue 2 is published quarterly (4 times per year) by New Wave Media, 118 E. 25th St., 2nd Floor, New York, NY 10010. Periodicals postage paid at New York, NY and additional mailing offi ces. POSTMASTER: Send address changes to: Maritime Professional, 118 E. 25th St., 2nd Floor, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or otherwise without the prior written permission of the publishers. MaritimeProfessional — the magazine Dr. Jim Giermanski, is Chairman, Powers Global Holdings, Inc., an international transportation security company. A former FBI special agent, OSI special agent and a Colonel in the Offi ce of Special Investigations, Giermanski has testifi ed many times at federal and state levels. Story p. 8 Lawrence O’Connell is Executive Vice President of International Maritime Security Corporation (IMSC). Story p. 10 Barry Parker, bdp1 Consulting Ltd. provides strategic and tactical support, including analytics and communications, to businesses across the maritime spectrum. The company can be found online at www.conconnect.com. Story p. 14 Tara Leiter concentrates her practice in the ar- eas of public and private maritime law, admiralty law, environmental law, and port security matters for international and domestic clients. She is a member of the Maritime Law Association, WISTA and the Maritime Administrative Bar Association. Story p. 22 Also in this Edition 6 | Editor’s Note 12 | Insights Expanded Panama Canal. By John Padgett, McGuireWoods LLP. 16 | Insurance Preparing to Weather Any Storm; Big or Small. By Ken Baldwin and Kord Spielmann 18 | Port Security Take the Money and Run. By Rick Eyerdam 24 | Interview Urs Rathgeb, GM, Radio Holland USA 50 | Conference Fleet Optimization: Challenges and Solutions 52 | Risk Management Investment or Expense? By Luke Ritter 56 | Regulatory Compliance ECA’s: A New Ballgame By Rob Leventhal 60 | Technology Securing Ports & Borders By Bob Bohn 58 | Finance Maritime M&A By Harry Ward 62 | Statistics 64 | Advertiser’s Index HQ 118 E. 25th St., 2nd Floor New York, NY 10010 USA Tel +1 212 477 6700 Fax +1 212 254 6271 URL www.maritimeprofessional.com Email trauthwein@marinelink.com ISSN - 2159-7758 USPS # 005-893 Editor Joseph Keefe keefe@marinelink.com +1 704 661 8475 Blogger Roster @ MaritimeProfessional.com Lead Commentator Joseph Keefe U.S. East Dennis Bryant U.S. West Martin Rushmere Brazil Claudio Paschoa Mumbai Joseph Fonseca Hong Kong Greg Knowler The Netherlands Keith Henderson Publisher John C. O’Malley jomalley@marinelink.com Associate Publisher/Editorial Director Gregory R. Trauthwein trauthwein@marinelink.com VP Sales Rob Howard howard@marinelink.com Production Irina Tabakina tabakina@marinelink.com Corporate Staff Vladimir Bibik, IT Rhoda Morgan, Sales Administration Mark O’Malley, Public Relations Jocelyn Redfern, Marketing Esther Rothenberger, Accounting Subscription Kathleen Hickey marprocirc@marinelink.com Advertising Sales Jack Bond bond@marinelink.com +1 561 732 1659 Terry Breese breese@marinelink.com +1 561 732 1185 Mike Kozlowski kozlowski@marinelink.com +1 561 733 2477 Dawn Trauthwein dtrauthwein@marinelink.com +1 631 472 2715 Jean Vertucci vertucci@marinelink.com +1 212 477 6700 4 I Maritime Professional I 2Q 2012 MP #2 1-17NEW STYLES.indd 4 5/11/2012 4:49:50 PM