View non-flash version
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. 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. Publications Mail Agreement No: 40024966 Return Undeliverable Canadian Addresses to Circulation Dept. of DPGM 4960-2 Walker Road Windsor, ON N9A 6J3 Publishers are not responsible for the safekeeping or return of editorial material. ©2005 Maritime Activity Reports, Inc. 118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271 ISSN-0025-3448 USPS-016-750 No. 4 Vol. 67 Subscriptions: One full year (12 issues) $28.00 in U.S.; outside of U.S. $52.00 including postage and handling. For subscription information, call 212-477-6700; fax: (212) 254-6271; or e-mail: mrcirc@marinelink.com MARITIME REPORTER AND ENGINEERINGNEWS Member Business Publications Audit of Circulation, Inc. 8 News 65 Marine Electronics Guide 75 Buyer’s Directory 71 Ship’s Store 78 Classifieds 80 Ad Index 81 Ship’s Store On the cover is an artist’s rendition of the pro- posed Cabrillo Port — a floating LNG offshore vessel measuring 938 x 213 ft. (286 x 65 m) — to be located approximately 21 miles offshore of California from the City of Port Hueneme. Cabrillo Port will house three spherical storage tanks into which the LNG is pumped from delivering carriers. See related article on page 34 Editor’s Note www.marinelink.com trauthwein@marinelink.com On the Cover Circle 201 on Reader Service Card Coming in Maritime Reporter & Engineering News May 2005 NORSHIPPING 2005 Edition “Be in Oslo” with Maritime Reporter at one of the shipping industry’s most impor- tant events. Marine Environment Edition Maritime Security Products Marine Fuels, Lubricants and Additives Marine Propulsion Country Focus: Norway June 2005 The Annual World Yearbook The World’s Largest & Most Informative Marine Industy Annual, with topical technical and market reports including: Shipbuilding Containerships Tankers LNG Offshore Cruise Ship Workboat Market Report, and more. Also in this edition: RIB Report; Training & Education Country Focus: UK www.marinelink.com 6 Maritime Reporter & Engineering News A s I approach the completion of my fourth decade alive, I recently came to the conclusion that I’m getting old. I do not seek sympathy or encouragement from those older, nor jeers and jokes from those younger, as it has nothing to do with “40”. However my body’s ability — or more accurately its lack thereof — to rebound after strenu- ous “weekend warrior” activities is diminishing. Case in point: this winter, in an attempt to help my son learn snowboarding, I, too jumped in for a lesson, and am now contemplating writing a book entitled “The Bunny Slope That Kicked My _ _ _!” As seems to be my fate, however, just when things seem particularly bleak — and believe me, they seemed especially bleak for about a week after my stint on that Pennsylvania mountain — along comes something to provide equilibrium. On this occasion it is paleontologists Robert B. Witrock’s story on page 30, “Hunting for Oil with Microfossils,” that did the trick. In studying creatures that lived and died hundreds of millions of years ago, sci- entists are using the information to more efficiently help companies discover and recover hydrocarbon resources. (There’s something about “hundreds of mil- lions” that puts a human lifespan in perspective). This month’s edition, our annual look at the Offshore Industry in conjunction with the Offshore Technology Conference held in Houston, is literally packed with articles, analy- sis and information as to the direction and long term prospects of offshore oil production. I hesitate here to predict an upturn — and the phrase “offshore boom” is in exile for sure — for those that make their living in the oil patch are mystified as to why persistent $50/barrel prices have not resulted in a frenzy of activity. However, there are many signs that business is ramping up. LNG is (or should be) on the top of many agendas, as the demand, production and supply of liquefied natural gas, and the resultant business opportunities, are expected to rise rapidly. New government incentives to drive deepwater oil exploration is expected to stir new interest in these tracts, and the Minerals Management Service predicts that oil production in the GOM will rise to a record two mil- lion barrels per day in 2006, and that it could reach 2.25 million bpd by 2011. (See related story on page 29) w MR APRIL 2005 #1 (1-8).qxd 4/4/2005 3:07 PM Page 8
