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4 Maritime Reporter & Engineering News • MAY 2014 PUBLISHERS John E. O’Malley John C. O’Malley jomalley@marinelink.com Associate Publisher & Editor Gregory R Trauthwein trauthwein@marinelink.com EDITORIAL Web Editor Eric Haun haun@marinelink.com Contributing Editors Dennis L. Bryant, Joseph Keefe, Ned Lundquist Correspondents Joseph Fonseca, India, Greg Knowler, China Claudio Pashoa, Brazil, Peter Pospiech, Germany Editorial Consultant James R. McCaul President, International Maritime Assoc. PRODUCTION Production Manager Irina Tabakina tabakina@marinelink.com CORPORATE STAFF Manager, Accounting Esther Rothenberger rothenberger@marinelink.com Manager, Public Relations Mark O’Malley momalley@marinelink.com Manager, Information Vladimir Bibik Technology Services bibik@marinelink.com CIRCULATION Circulation Manager Kathleen Hickey mrcirc@marinelink.com SALES Vice President of Sales & Marketing Rob Howard howard@marinelink.com National Sales Manager Terry Breese breese@marinelink.com t: (561) 732-1185 f: (561) 732-8414 Sales Representatives Lucia Annunziata annunziata@marinelink.com t: (212) 477-6700 f: (212) 254-6271 Frank Covella covella@marinelink.com t: (561) 732-1659 f: (561) 732-8063 Mitch Engel engel@marinelink.com t: (561) 732-0312 f: (561) 732-8063 Mike Kozlowski kozlowski@marinelink.com t: (561) 733-2477 f: (561) 732-9670 Dawn Trauthwein dtrauthwein@marinelink.com t: (631) 472-2715 f: (631) 868-3575 Jean Vertucci vertucci@marinelink.com t: (212) 477-6700 f: (212) 254-6271 Sales & Event Coordinator Michelle Howard mhoward@marinelink.com INTERNATIONAL SALES REPRESENTATIVES Scandinavia Roland Persson roland@orn.nu Orn Marketing AB, Box 184 , S-271 24 Ystad, Sweden t: +46 411-184 00 f: +46 411 105 31 Western Europe Uwe Riemeyer riemeyer@intermediapartners.de t: +49 202 27169 0 f: +49 202 27169 20 United Kingdom Paul Barrett ieaco@aol.com Hallmark House, 25 Downham Road, Ramsden Health, Essex CM11 1PU UK t: +44 1268 711560 m: +44 7778 357722 f: +44 1268 711567 Japan Katsuhiro Ishii amskatsu@dream.com Ace Media Service Inc., 12-6, 4-chome, Nishiike, Adachi-ku, Tokyo 121, Japan t: +81 3 5691 3335 f: +81 3 5691 3336 Korea Jo, Young Sang biscim.co.kr Business Communications Inc., Rm 1232, Gwanghwamoon Offi cia Bldg., 163, 1-Ga, Shinmoon-Ro, Jongro-Gu, Seoul, Korea 110-999 t: +82 2 739 7840 f: +82 2 732 3662 Classifi ed Sales t: (212) 477-6700 www.marinelink.com Member NEW YORK 118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700 • Fax: (212) 254-6271 e-mail: mren@marinelink.com Web: www.marinelink.com FLORIDA 215 NW 3rd St., Boynton Beach, FL 33435 Tel: (561) 732-4368; Fax: (561) 732-6984 8 STRAIGHT TALK; WINDING RIVERS Last month’s IRPT meeting in St. Louis highlighted the tremendous value and future needs of the inland waterway system. By Joseph Keefe 12 OFFSHORE FLOATING PRODUCTION The Offshore Floating Production sector has hit some stiff headwinds, powered by the shale oil and gas revolution in the U.S. By Jim McCaul 19 HYDRODYNAMIC SOFTWARE SUITES To support designers and engineers in evaluating design concepts more effi ciently, MARIN has developed the hydrodynamic suites QSHIP and QPROP. By Arno Bons 24 LITIGATE OR ARBITRATE: THAT IS THE QUESTION When it comes to dispute resolution clauses, there is no one-size-fi ts-all solution, and the decision whether to arbitrate or litigate may be more complex than anticipated. By Alan M. Freeman 26 SEWOL: TRAGEDY STRIKES AGAIN Though early in the investigation, the tragic story of Sewol again centers on actions of the captain and crew. By Greg Trauthwein 50 PEOPLE & COMPANY NEWS 52 PRODUCTS: DECK MACHINERY 55 PRODUCT FEATURE: MARINE ELECTRONICS 59 BUYER’S GUIDE 60 CLASSIFIEDS 64 ADVERTISER’S INDEX FROM OUR ARCHIVES THE COVER 52 55 16 CONTENTS NUMBER 5 / VOLUME 76 / MAY 2014 Pictured on this month’s cover is Carol Armstrong cracking the champagne bottle to offi cially christen the R/V Neil Armstrong, named to honor her late husband and world-famous astronaut Neil Armstrong. Full details on the R/V Neil Armstrong starts on page 40. (Courtesy of Karla DeCamp, Dakota Creek Industries) Sour ce: Damen Shipyar ds Gr oup Photo: Alex Ser gienko MR #5 (1-9).indd 4 5/2/2014 12:35:25 PM
