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mm HDD KDP GMSns When equipment must be repaired now, Climax Portable Machine Tools give your crews the power to get the job done fast, any time, anywhere. Our compact, easy-to-use tools attach directly to the work piece — wherever it may be — so there's little time lost for dismantling. Boring, borewelding, milling, turning, weld prep, beveling, facing and many other operations can be performed easily with precision. Climax's line of over 25 machine tools provide effective solutions for repairs at sea and valuable alternatives to costly off-site machining in ship repair or refurbishing operations. Call us today for complete information on these tools and an unlimited range of custom tool designs for unique repair applications. CLIMAX Learn More. Send for FREE Literature Today. 2720 Portable Machine Tools, Inc. 2712 E. Second St., Newberg, OR 97132-8210 USA Phone:800-333-8311 . Fax:503-538 7600 See us on the Internet at www.cpmt.com Circle 229 on Reader Service Card MARITIME REPORTER AND ENGINEERING NEWS On the Cover: (Photo Credit: Walter Garschagen - 1996) 7 Digging Deep ... Really Deep Spain's Astano has completed the last in the Discoverer series, a trio of ships that are helping to redefine possibility and profitability in deepwa- ter operations.— by Greg Trauthwein, editorial director 8 On A Roll Rolls Royce has successfully scooped up a number of marine propulsion manufacturers, and is positioned to prosper in many markets. — by David Tinsley, technical editor The World Yearbook 33 Nice Guys Finish First Rod McLeod has built a two plus decades career atop the cruise industry on hard work. Associate editor Regina Ciardiello finds that he thoroughly disproves the notion that nice guys finish last. 36 It's A New World Rarely does a week go by that the new "ultimate" e- commerce solution targeting the maritime market is not launched. MR/EN provides an "E-Commerce 101" plus critiques some of the new Internet hot spots. 49 Tanker Market Report Setting the Course for Stability? 54 Containership Market Report The New Age of Containerization 59 Dry Bulk Market Report The Year of Little Change 63 Statistics: Cruise Ship Orderbook; Capesize Indices 64 U.S. Market Report Crewboat technology in the Gulf of Mexico is pushing new boundaries in terms of size, weight and speed. 66 Survival of the Big Six — and the maintenance of a capable shipbuilding infrastructure in the U.S. — depends on a healthy infusion of Naval orders...And soon. 73 U.S. Ship Repair leaders strategize for the future 77 10 Marine Innovations 88B Statistics: World Shipyard Orderbook; Rig Utilization Rates; Baltic Indices/DryBulk Trends; Stock Market Watch. 14 Legal Beat: A Practical Discussion Regarding Compliance 20 Contracts 25 New & Notable 84 Ship Repair & Conversion 89 People & Company News 101 Buyers Guide 104 Advertiser's Index 105 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: barnett@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. 6 Vol. 62 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. © 2000 Maritime Activity Reports, Inc. Member INTERNATIONAL ® Business Publications Audit of Circulation, Inc. 2 Maritime Reporter/Engineering News
