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EXCLUSIVE AGENT MARITIME REPORTER AND ENGINEERING NEWS AB STEPHAN R G ORN P.O. Box 184 S- 271 24 Ystad SWEDEN Telephone: +46 411 184 00 Fax:+46 411 105 31 e-mail:marine.marketing@stephan-orn.se MARITIME REPORTER AND ENGINEERING NEWS Pictured on this month's cover is IRIS 6.1, a modular passenger catamaran which is the result of four years of testing and experimenting. The catamaran, both hulls and modules, is built of GRP Sandwich materials, which is designed to minimize weight while maximizing perfor- mance and stability. This year's selection of Great Boats starts on page 32. 8 Bigger & Better Germany's classification society Germanischer Lloyd is helping to lead the way toward bigger and better ships through its cooperative R&D projects. — by David Tinsley 24 Getting The Bugs Out Solving the potential pitfalls of Y2K promises to be a year-long struggle for the maritime market. GREAT B0A1S OF 1998 32 Speed Is King While safety and reliability maintain a lofty sta- tus, vessel speed continues to drive vessel design and equipment innovation. 36 Gallery of Great Boats This year's selection is an eclectic mix of boats which includes a Devil Cat, an Ugly Duck and a Grande Mariner. 62 Marine Propulsion Directory A to Z guide of marine propulsion component manufacturers, followed by product category listings. ALSO IN THIS EDITION 11 Legal Beat: Congress gets tough on sub- standard vessels. 12 Marine Finance 16 New & Notable 18 Ship & Boatbuilding Technology: Chevron takes an advanced VLCC from Samsung. 56 Country Focus: Turkey 80 Marine Literature Review 86 Buyer's Guide 88 Advertisers Index 90 Classifieds Subscriptions: One full year (12 issues) $18.00 in U.S.; outside of U.S. $96.00 including postage and handling. For subscription information, contact: Dale Barnett, fax: (212) 254-6271; e-mail: bornett@marinelink.com 118 East 25th Street New York, NY 10010 (212) 477-6700 ISSN-0025-3448 USPS-016-750 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or oth- erwise without the prior written permission of the publishers. No. 1 Vol. 61 Founder: John J. O'Malley 1905 - 1980 Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Periodicals Postage Rates at Waterbury, CT 06701 and additional mailing offices. Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineering News, 118 East 25th Street, New York, NY 10010. Canada Post International Publications Mail Product (Canadian Distribution) Sales Agreement No. 0970700. Printed in U.S.A. Publishers are not responsible for the safekeeping or return of editorial material. © 1998 Maritime Activity Reports, Inc. Member INTERNATIONAL® Business Publications Audit of Circulation, Inc. 4 Maritime Reporter & Engineering News