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Editor's Note Buoyant is perhaps the best word to describe the overall status of the world marine market. As you flip through the pages of this year's Annual World Yearbook, you will find a number of articles, from the status of the U.S. Ship- building market, to the pending boom in the offshore oil and gas markets, to the stagger- ing climb in dayrates for the tanker and bulk- er markets, which clearly show the industry is on the the way up. That said, there are a number of challenges to be faced, challenges with solutions that will help to define the maritime market for decades to come. The construction of large commercial oceangoing ships was domi- nated last year by South Korea, which claimed a staggering 46 percent of all new orders, or about 18.5 million cgt, according to The Platou Report 2001. The method by which these contracts are secured, and the need for further expansion of the South Korean shipbuilding machine, are the heart of an ongoing dispute. The European Union is poised to launch on June 30 a formal dispute via the World Trade Organization for South Koreas alleged used of shipbuilding subsidies. South Korea, meanwhile, contends that increases in productivity are at the heart of its yard's order winning binge. Regardless of the outcome, look increasingly for politics and creative finance to drive the ship- building business for years to come, as upstarts in countries with cheap and voluminous amounts of labor (ie. China) take market share from traditional players. More so than political squabbles, however, the issue of quality ships and equipment — Safety at Sea — has taken and will command cen- ter stage for some time to come. As the number of accidents which sullied European shores climbed through 2000, lawmakers pushed for and received a solution through the International Maritime Organiza- tion, resulting in a phase-out of single hull oil carriers in lieu of mod- ern double hull tonnage. OPA '90 — which was lambasted at the time — looks visionary in retrospect, as countries increasingly demand that ships plying their waters are built and maintained to a high standard. While the prospect of fleet replacement is never a welcome bit of news to shipowners, the move toward quality will bode well for those own- ers that have an established practice of running safe ships, and help to squeeze out the minority few which deliver the industry ulcers. www.marinelink.com RITIME >0RTER AND EERING NEWS NEW YORK 118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700; Fax: (212) 254-6271 e-mail: mren@marinelink.com Internet: www.marinelink.com FLORIDA 215 NW 3rd St., Boynton Beach, FL 33435 ASSOCIATE PUBLISHER Gregory R. Trauthwein • trauthwein@marinelink.com EDITORIAL Senior Editor Regina P. Gardiello • ciardiello@marinelink.com Technical Editor David Tlnsley Editorial Consultant James R. McCaul, president, International Maritime Associates MARKETING Vice President of Marketing Susan Cosme • cosme@marinelink.com Marketing Manager Richard Grable • grable@marinelink.com Tel: (561) 732-1659; Fax: (561) 732-6984 PRODUCTION Production Manager Sharon Griffin • griffin@marinelink.com Asst. Production Manager Oksana Martemy • martemy@marinelink.com CIRCULATION Grculation Manager Dale L. Barnett • barnett@marinelink.com ADVERTISING SALES Vice President of Sales Lucia M. Annunziata • annunziata@marinelink.com National Sales Manager Robert C. Howard • boward@marinelink.com Tel: (561) 732-3001; Fax: (561) 732-6984 Regional Sales Manager Jennifer Truman • truman@marinelink.com Regional Sales Manager Brett W. Keil • bkeil@marinelink.com Tel: (561) 732-1185; Fax: (561) 732-6984 Regional Sales Manager/Electronic Product Sales • @marinelink.com Tel: (561) 732-4368; Fax: (208) 575-3217 Assistant to the Vice President of Sales Tina Angelino • angelino@marinelink.com Accounting Manager Angelica Rivera • arivera@marinelink.com Classified Sales Tel: (212) 477-6700 PUBLISHER John E. O'Malley John C O'Malley • jomalley@marinelink.com Chief Financial Officer Al Adinolfi ®to[? Mmto^ Dstoooetf Publications MarineNews MarineNews Published 18 times per year, MarineNews is the acknowledged provider of information and analysis for the North American inland/offshore shallow draft market. trauthwein@marinelink.com Electronic Products & Services gynasca^ www.maritimetoday.com Customized e-mail news service deliv- ered twice a day, including the latest contracts, casualties, people & compa- ny reports. www.maritimejobs.com The marine industry's recruiting & employment resource. www.marinelink.com The Internet's largest marine website, recording more than 270,000 "hits" per month. Daily news, data & statis- fSsiftiSr tics, industry directories. Looking for service reliability, we deliver it. ABB Turbochargers ASmp Nevf York/NJ, Miami, Houston, Seattle/Tacoma, l.os Angeles - email: turbochargers@us.abh.com 6 Circle 201 on Reader Service Card Maritime Reporter/Engineering News
