Editor’s Note

Wednesday, July 07, 2004

July, a time when the maritime industry traditionally slows to a crawl, is proceeding full-bore, fueled by activity and anticipation surrounding the implementation of MTSA and ISPS. While July 1 was still hours away as of this writing, it is expected that the deadline will not bring commerce in these United States, or around the world for that matter, to a screeching halt. Simply put, we — as in the U.S., the world’s leading trade hub — will not allow it.

However, it is foolhardy for any company delaying the implementation of new required security measures to hesitate further. Make no mistake, the maritime security culture resulting from the terrorist attacks of 9/11 is here to stay, and it will be the companies that embrace the change and devise the means to use it for strategic advantage that will lead our industry for the next generation. While the Department of Homeland Security will exercise due diligence to ensure the world’s leading economy is not unduly damaged solely in the name of security, it is an equally safe bet that companies and organizations that resist the call to comply will significantly damage their long-term prospects for profitability. Starting on page 41 of this edition you will find a special section entitled Maritime Security Compliance • 2004, meant to serve as a primer of sorts for those still fuzzy on the nuances of new security measures and their effect on the marine business. At press time it appears that port and port facilities lagged significantly in the security compliance race, according to statistics released by the International Maritime Organization and presented on page 41. While vessel owner rejoice in compliance, realize that a port or port facilities’ non-compliance can and will serve to slow the shipping process, and should be examined thoroughly.

They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.

Benjamin Franklin (Source: www.ushistory.org)

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