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Editor's Note As we steam towards the traditional 'dog days of summer,' the feeling here is that this will any-thing but a relaxed period in the maritime world. Simply put, the industry is experiencing a signifi- cant metamorphosis, with upheaval of varying degrees on most all fronts — from commercial to military; from shallow draft to deep draft. The only constant, as the saying goes, is change, and given the history of the marine business, it would seem that regulatory change should be a staple on any veteran company's agenda. Stoked by a hyper-sensitive media that is poised to pounce on any story, employing sensationalist means to capture attention and revenue, the relatively fragmented marine business is no match for a motivated international media and politicians seeking to secure their positions. At home and abroad, marine companies this summer are (or should be) hit- ting the books to understand and assimilate many of the changes that will affect their business. Understanding the new rules for compliance, however, are just a part of the equation. It is equally necessary to comprehend the bottom-line impact — from the initial financial hit to the continuing drag on case flow for years to come — as it is critical to not only comply with the rules du jour, but to position your company to prosper for years to come. Organizations with informed executives and mid-level managers, as always, will rise to the top, while those choosing to go about "business as usual" could suffer in the long term. New regulations incorporating the ISPS Code and provisions of the Act will be published on or about July 1, 2003, as Charley Haven pointed out in the June 2003 edition of Maritime Reporter. (Seminar Series Aims to Ensure Compliance, MR, June 2003, p. 26). These regulations will have far reaching impact upon most of the maritime industry in the U.S., and the entire mar- itime community needs to get up to speed on compliance with the new meas- ures. On the Cover MARITIME REPORTER On the Cover: The Jone A. Bouchard — a 130-ft., 6,140-bhp tug — and Barge B. No. 225, a 110,000 bar- rel class double bull oil Barge — the two major pieces of an Articulated Tug/Barge (ATB) built by Bollinger Shipyards for Bouchard Coastwise Management Co. See story on poge 10. 35 Finland 38 Satcom 41 People & Company News 52 Cad/Cam 53 Ship's Store 54 Buyer's Directory 56 Advertiser's Index 57 Classified Subscriptions: One full year (12 issues) S24.00 in U.S.; outside of U.S. $96.00 including postage and handling. For subscription information, con- tact: Dale Barnett, fax: (212) 254-6271; e-mail: barnett@marinelink.com www.marinelink.com trauthwein@marinelink.com MARITIME REPORTER AND ENGINEERING NEWS www.marinelink.com ISSN-0025-3448 USPS-016-750 No. 7 Vol. 65 118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271 Founder: John J. O'Malley 1905 - 1980 Charles P. O'Malley 1928 - 2000 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. ©2003 Maritime Activity Reports, Inc. All rights reserved. No part of this publication may be repro- duced or transmitted in any form or by any means mechani- cal, photocopying, recording or otherwise without the prior written permission of the publishers. Member Business Publications Audit of Circulation, Inc. Looking for service reliability, we deliver it. ABB Turbochargers Other Printed & Electronic Products Marine Ne ws Published 18 times per year, MorineNews is covers the North American inland/offshore shallow draft market. Marine Security Sourcebook Published four times per year, the definitive guide to marine security systems, products and services. The Repair Report Weekly electronic newsletter dedicated to delivering the world of Ship Repair News, Contracts and Data. Sample (or FREE at www.shiprepairer.com 2003 Global Marine Directory CD More than 110,000 records... log onto www.marinelink.com and download a FREE SAMPLE. www.maritimetoday.com • Customized e-mail news service twice a day. www.maritimejobs.com • The marine industry's recruiting & employment resource. www.marinelink.com • The Internet's largest marine website, with over 270,000 "hits" ABB New York/NJ, Miami. Houston, Seattle/Tacoma, Los Angeles - email: turbochargers@us.abb.com Circle 246 on Reader Service Card 6 Maritime Reporter & Engineering News
