Page 4: of Maritime Reporter Magazine (April 2013)

4 MARITIME REPORTER & ENGINEERING NEWS ? APRIL 2013 PUBLISHERSJohn E. O?MalleyJohn C. O?Malley  jomalley@marinelink.comAssociate Publisher & EditorGregory R Trauthwein  trauthwein@marinelink.com Contributing Editors Dennis L. Bryant Edward Lundquist Editorial Intern Eric Haun 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.comCORPORATE STAFF Manager, Accounting Esther Rothenberger  rothenberger@marinelink.com Manager, Public Relations Mark O?Malley  momalley@marinelink.com Manager, Marketing Jocelyn Redfern  jredfern@marinelink.com Manager, Information Vladimir Bibik  bibik@marinelink.com Technology Services CIRCULATION Circulation Manager Kathleen Hickey  mrcirc@marinelink.comSALESVice President of Sales & MarketingRob Howard  howard@marinelink.com Sales Administration Rhoda Morgan  morgan@marinelink.com & OfÞ ce Manager Sales & Event Coordinator Michelle Howard  mhoward@marinelink.com ClassiÞ ed Sales Manager Dale Barnett  barnett@marinelink.com; 212-477-6700Advertising Sales ManagerNational Sales Manager Terry Breese  breese@marinelink.com - Tel: (561) 732-1185; Fax: (561) 732-8414 Sales Representatives Lucia Annunziata  annunziata@marinelink.com - Tel: (212) 477-6700; Fax: (212) 254-6271 Frank Covella  covella@marinelink.com - Tel: (561) 732-1659; Fax: (561) 732-8063 Mitch Engel  engel@marinelink.com - Tel: (561) 732-0312; Fax: (561) 732-8063 Mike Kozlowski  kozlowski@marinelink.com - Tel: (561) 733-2477; Fax: (561) 732-9670 Dawn Trauthwein  trauthwein@marinelink.com - Tel: (631) 472-2715; Fax: (631) 868-3575 Jean Vertucci  vertucci@marinelink.com - Tel: (212) 477-6700; Fax: (212) 254-6271 Scandinavia Roland Persson  roland@orn.nu Orn Marketing AB, Box 184 , S-271 24 Ystad, Sweden Tel: +46 411-184 00 ; Fax: +46 411 105 31 Western Europe Uwe Riemeyer  riemeyer@intermediapartners.de Tel: +49 202 27169 0 ; Fax: +49 202 27169 20 United Kingdom Paul Barrett  ieaco@aol.com Hallmark House, 25 Downham Road, Ramsden Health, Essex CM11 1PU UK Tel: +44 1268 711560 M: +44 7778 357722 ; Fax: +44 1268 711567 Japan Katsuhiro Ishii  amskatsu@dream.com Ace Media Service Inc., 12-6, 4-chome, Nishiike, Adachi-ku, Tokyo 121, Japan Tel: +81 3 5691 3335 ; Fax: +81 3 5691 3336 Korea Jo, Young Sang  biscim.co.kr Business Communications Inc., Rm 1232, Gwanghwamoon Of cia Bldg., 163, 1-Ga, Shinmoon-Ro, Jongro-Gu, Seoul, Korea 110-999 Tel: +82 2 739 7840 ; Fax: +82 2 732 3662 www.marinelink.com Business Publications Audit of Circulation, Inc. MemberNEW YORK118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700  Fax: (212) 254-6271 e-mail: mren@marinelink.comWeb: www.marinelink.com FLORIDA 215 NW 3rd St., Boynton Beach, FL 33435Tel: (561) 732-4368; Fax: (561) 732-6984 CONTENTSGOVERNMENT UPDATE 16 THE NOISE CODE A ship in compliance with the Noise Code will generate less noise and create a safer environment. By Dennis BryantLEGAL BEAT 18 CHAPTER 11 & FOREIGN SHIPPING The beneÞ ts and detriments of Þ ling Chapter 11. By Thomas J. BelknapINSURANCE UPDATE 22 UNDERSTANDING THE UPS AND DOWNS Business is cyclical, and nowhere is it more apparent than in the insurance market.By Rich DeSimoneLOGISTICS 26 UPGRADE IT, REDUCE THE HEADACHES Upgrading Transportation Management Systems can be a wise investment with good return. By Stefan Haenisch & Gerald Hoppe32185640%The market for ß oating production systems is forecast to rise 40% in the next Þ ve years, with an additional 124 to 190 units set to be ordered. 58MR #4 (1-9).indd 4MR #4 (1-9).indd 44/5/2013 9:38:19 AM4/5/2013 9:38:19 AM