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EDITOR'S NOTE M uch attention has been paid lately to the safe carriage of pas-sengers. While all marine aeeidenu are serious, and garner thorough investigations by an industry deeply concerned with its safety record, large losses of life emblazon particular incidents into the minds of the industry, and the public, for decades to come. The most obvi- ous example is the continued keen interest in the Titanic disaster, a wreck which has been — and will continue to be — analyzed and re-analyzed until the ship is disintegrated and consumed by the sea. The loss o/*Estonia in 1994 is another riv- eting example of the short and long-term consequences of one accident. The loss literally stopped much of Scandinavia in its tracks, as large numbers of relatives, friends and colleagues were lost. One long term influence of the disaster is the formation of new rules and regulations for vessels and equipment which are sure to benefit the maritime industry for decades to come. This is perhaps the busiest month of the "busy season," with both Cruise & Ferry in London and Nor-Shipping in Oslo within a month of each other. Technical Editor David Tinsley was tapped to adequately summarize some of the sweeping equipment changes now taking place in the cruise and ferry markets. His report starts on page 22, with a special section on Scandinavian issues appearing on page 33, at the start of the Scandinavian Maritime Review. The Japanese Association for Structural Improvement of the Shipbuilding Industry (ASIS) has issued its annual report regarding shipbuilding prospects for the bulker and tanker markets. The group takes a highly analytical approach to assessing business trends, considering world economies, commodity carriage statistics and projections, and fleet age, to name a few. Read its analysis and conclusions in this month's Marine Finance section, starting on page 8. Gregory R. Trauthwein, editorial director Please contact me with any comments regarding the publication and!or news leads at: tel: +212-477-6700; fax: +212-254-6271; or e-mail: trauthwein@marinelink.com COMING NEXT MONTH IN Maritime Reporter. The international maritime industry's "bible" of vital data, statistics, facts and fig- ures, used by MR/EN's 30,000+ readers throughout the year as a guide to the industry's economic health and trends. World Shipyard Orderbook, Navy Building Outlook, Fleet Profiles, Offshore Insight, Inland Review and Port Tonnage Reports are just a sampling of what's to come. MARITIME REPORTER & ENGINEERING NEWS Editorial & Executive Offices 118 E. 25th St., NY, NY 10010 Tel: (212) 477-6700; Fax: (212) 254-6271; e-mail: mren@marinelink.com PUBLISHERS Charles P. O'Malley John E. O'Molley John C. O'Molley Vice President Gregory R. Trauthwein EDITORIAL Editorial Director Gregory R. Trauthwein Senior Editor Bridget Murphy Associate Editor Nina D. Miller Editorial Intern Anthony Besada International Editor Alan Thorpe Technical Editor David Tinsley Editorial Consultant James R. McCaul, president, International Maritime Associates MARKETING Marketing Manager Lois A. Stiglmeier Marketing Assistant Colleen R. Bennett PRODUCTION Production Manager Danielle DiSesso Asst. Production Manager S. Erica Kim CIRCULATION Grculation Manager Dale L. Barnett ADVERTISING SALES Regional Sales Manager Lucia Annunziata Regional Sales Manager Christopher Goldsholl Regional Sales Manager Jean M. Vertucci Classified Sales Representative Carrie Rivera U.S. GULF COAST James N. McClintock Simpson Corporate Park, Indigo House, Suite A, 206 South Tyler Street, Covington, La. 70433 Telephone: (504) 893-5099; Fax: (504) 893-5024 Advertising Sales Information Telephone: +212-477-6700 6 Maritime Reporter/Engineering News