it's amazing watching you guys get going with a bunch of roughs and then slowly getting your head into the nature of the client's business ... you have a great job!
i don't think the wave will work as a central graphic here ... it's a bit hackneyed in this business but it will be neat to see where you head next.
we like your strong typography and the way you anchor in a clever graphic. our favorite designs of yours were spinstudio (2nd), reel motion media (10th), and a&r distributors.
we're a mouthful here with "managing the waterway" and "cruising guides and electronic charting" so your typical style ... tight typography and a central, relevant and intuitive GREAT graphic will be much appreciated.
we're really looking forward to seeing more of your concepts and variations!
please let us know anything we can do to help you and thank you for all of your hard work.