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International Representatives EDITOR'S NOTE Embracing Change Summing up the maritime industry's year's events in one edition is a near Herculean task, given the complexity and breadth of the market. But given today's thirst for analysis, data and sta- tistics, the editors of Maritime Reporter & Engineering News have responded in- kind with the latest World Yearbook. It may be cliche to say that the only constant is change, but change is truly the only word worthy to describe the year's events. The rapid pace or severe market swings may be disconcerting to some in the industry, but in the global perspec- tive, the level of change is at or below that which is sweeping industry around the world. But as much as things change, they seem to — particularly in the maritime world — stay blissfully the same. International, national, regional and even local laws, rules and regulations continue to change the way ships are designed, built, outfitted, crewed and managed. As of this writing, the impending deadline for the implemen- tation of ISM Code draws ever nearer, and in the not too distant future, ISM Code and all of the accompanying con- troversy and cost will be but a faint memory. Where, then, will our industry's focus be trained for the coming year? Count on matters of safety of vessels, environ- ment and crew, as well as the rapid evo- lution of onboard equipment and infor- mation technology, to take and keep center stage for many years to come. To put it simply, there are still far too many maritime accidents, whether it is runaway barges smashing into passenger vessels on the Mississippi River, com- mercial ships slamming into each other in one of the world's most congested ship channels or a bulk carrier breaking up and sinking in the middle of the ocean. Efforts to ensure the safety of all of the world's water- ways will be dou- bled and re-dou- bled in years to come, as industry and political lead- ers, as well as the public at large, become increasingly intolerant of mar- itime mishaps. This should not, however, be taken as a blanket condemnation, as quality owners which run clean operations should continue to prosper. However, it should serve as a warning to the "not-so- quality-conscious" owners and man- agers who enjoy playing Russian Roulette with old ships. A key character in this evolving drama will be the world fleet itself. It has been reported, analyzed and dis- cussed for years, but the bottom line is that the world's fleet is getting old. In a recent report released by the American Bureau of Shipping (ABS) entitled World Fleet Profile 2000, statistics show that by the year 2000, nearly 40 percent of ships more than 10,000 dwt will be 20 years of age or older. While the world shipyard orderbook is at an all-time high, it is clear that as older ships increasingly lose favor and head for the scrapyard, new tonnage ordering activity will pick up to fill the void. (This simple scenario, while seemingly logical, is in turn affected by a myriad other factors, namely freight rates. For full analysis of the tanker, bulker and containership markets from the directors of Drewry Consultants, please turn to page 34). Thus change is the constant, and it should be welcomed as a challenge instead of a roadblock. For it is the individuals and companies that seize the opportunities of the future who emerge as market leaders. INTERNATIONAL OPERATIONS CHARLES E. KEIL, Vice President 4400 N. Federal Highway, Ste. 210-06, Boca Raton, FL 33431 Telephone: +561-368-1021; Fax: +561-368-1161 24-hr Tel/Fax: +561-998-0313; Mobile Tel: +561-716-0338 Australia ANNE MURRAY/YVONNE SANDF0RD World Media Network Pty. Ltd. Suite 5, Level 1, 89 York St., Sydney, NSW 2000 Australia Tel: +61 2 9299 5677; Fax: +61 2 9299 6178 Argentina R. LESLIE RAMSAY Calle Pellegrini 173 Primer Piso, Departamento C 1009 Buenos Aires, Argentina Tel: +54 1 394 8821; Fax: +54 1 3264377 Benelux PAULA TACQ Maritime Media ML Otweg 18 2771 VX Boskoop, Netherlands Te: +31 172 230707; Fax: +31 172 230708 Brazil JOSE 0UARTE DOS SANTOS Multipla Agencial Martima, Ltda. Rua Carolino Rodrigues 28 Cuarto Andar, CEP-11055-070 Santos, Sao Paulo, Brazil Tel/Fax: +55 1 32 32 74 74 Central America EDUARD0 F. LOPEZ/LUIS A. SANCLEMENTE Transmarine Media Service, P.O. Box 2071, Panama 1, Panama Tel: +507 264 8404/60; Fax: +507 223 8367 China WANGZE/XU XIAO FENG Liooning Foreign Trade Advertising Corp. 2 Zhongshan Square, Dalian, China 116002 Tel: +86 411 2801924; Fax: +86 411 2644606 Eastern Europe IVAN BERENYI/0LGAIVAN0VA Pannonia Media Agency, 8630 Balatonboglar Radnoti Miklos u.14, Hungary Tel: +36 85 353 319; Fax: +36 85 353 442 Egypt CAPTAIN TARIQM. 0SMAN Osman Marine Media Co. Algamhoria St., P.O. Box 1248, Alkleej Bldg., Port Said, Egypt Tel: +20 66 340988; Fax: +20 66 325705 France DANIEL S0LNICA Ediconsult Internazionale, 25 rue Saulnier 75009 Paris, France Tel: +33 1 4246 9571; Fax: +33 1 4246 8508 Germany/Switzerland HANSJ0RG BRANS Maritime Media Freiherr v. Stein Str. 24, D-63303 Dreieich, Germany Tel: +49 6103 697745; Fax: +49 6103 697743 Hong Kong/Taiwan DENNIS L0/JIMMEKWAN Phantom International, Ltd. Room 208, Seaview Centre 139 Hoi Bun Rd., Kowloon East, Hong Kong Tel: +852 9179 9872; Fax: +852 2304 1232 Italy/Malta VITTORIO NEGR0NE Ediconsult Internazionale Piazza Fontane Morose, 3-16123 Genoa, Italy Tel: +39 10 583684; Fax: +39 10 566578 Japan AKIOI SHI I 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 Business Communications, Inc. Kwangwhamun P.O. Box 1916, Seoul, Korea Tel: +82 2 739 7840; Fax: +82 2 732 3662 Peru WILLIAM FRY Trahites y Despachos S.A. Avenida Salaverry 3005, Lima 27, Peru Tel: +51 1 264 3225; Fax: +51 1 264 1974 Portugal/ Gibraltar PAULO BREHM AZ Publiciadade Lda., Rua Almirante Barroso, 52-1 D, P-1000 Lisbon, Portugal Tel: +351 1 3142256; Fax:+351 1 3525157 Scandinavia STEPHAN R.G. 0RN/LE0N SCHULZ AB Stephan R.G. Orn, Box 184 S-271 24 Ystad, Sweden Tel: +46 411-184 00; Fax: +46 411 105 31 Singapore CATHERINE WONG The Euro-Asia Link, 391 A Orchard Road #12-01 Ngee Ann City Tower A, Singapore 238873 Tel: +65 337 4658; Fax: +65 456 4610 South Africa FINN KVAMSDAHL Finn's Enterprises, Media Marketing Division P.O. Box 99, 2250, Blinkpan, Republic of South Africa Tel/Fax: +27 13 2953 023 South America/ Caribbean Basin DELI0 R.AL0NS0 Multilink International 115 Calabria Ave., Ste. 12 Coral Gables, Fla. 33134 Tel: +305-445-6423; Fax: +305-445-1483 Spain JOSE LUIS SEVA Via Exdusiuas S.L Modesto Lafuente, 4 28010, Madrid, Spain Tel: +34 91 448 7622; Fax: +34 91 446 0198 Turkey/Cyprus NIHAT BOYTUZUN/LALE ASMAZ0GLU Kamera Corp., Cumhurlyet Cad. 257/3, Harblye 80230, Istanbul, Turkey Tel: +90 212 248 48 64; Fax: +90 212 230 36 97 United Kingdom MICHAEL J. DAMSELL Euromedia Ltd., P.O. Box 122, Hayward's Heath,West Sussex RH16 1YF, England Tel: +44 1444 417360; Fax: +44 1444 410497 8 Maritime Reporter/Engineering News