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I. The Regional Maritime Environment 1. The Best of Times, the Worst of Times: The Global Maritime Outlook 2004 13 James Boutilier 2. Regional Maritime Security Outlook: Northeast Asia 33 VADM (Ret) Hideaki Kaneda 3. Maritime Security Outlook for Southeast Asia 59 Rommel C. Banlaoi 4. Regional Maritime Dynamics in Southern Asia in the 21st Century 81 W Lawrence S. Prabhakar II. The Regional Maritime Challenges 5. Some Reflections on Maritime Boundary and Territorial Disputes in the Asia-Pacific with a Focus on the South China Sea 111 Peter Cozens 6. The Modernisation of Naval Forces in the Asia-Pacific: A Focus on Three Northeast Asian Navies 139 Derek da Cunha 7. Terrorism in the Early 21st Century Maritime Domain 155 Rupert Herbert-Burns 8. Maritime Terrorism, A Risk Assessment: The Australian Example 179 Catherine Zara Raymond III. Prospects for Regional Cooperation 9. Legal Implications of the Proliferation Security Initiative 215 Robert Beckman 10. Political Implications of the Proliferation Security Initiative 229 Seema Gahlaut 11. New Initiatives for Maritime Cooperation 251 Stanley B. Weeks 12. Maritime "Regime" Building 259 Sam Bateman