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MarineNews

ISSN#1087-3864 USPS#013-952

Florida: 215 NW 3rd St., Boynton Beach, FL 33435 tel: (561) 732-4368; fax: (561) 732-6984

New York: 118 E. 25th St., New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271 www.marinelink.com

PUBLISHER

John C. O’Malley jomalley@marinelink.com

Associate Publisher & Editorial Director

Greg Trauthwein trauthwein@marinelink.com

Editor

Joseph Keefe keefe@marinelink.com

Tel: 704-661-8475

Web Editor

Eric Haun haun@marinelink.com

Contributing Writers

Susan Buchanan Lawrence R. DeMarcay, III

Joe Hudspeth Randy O’Neill

PRODUCTION

Production & Graphics Manager

Nicole Ventimiglia nicole@marinelink.com

SALES

Vice President, Sales & Marketing

Rob Howard howard@marinelink.com

Advertising Sales Managers

National Sales Manager

Terry Breese breese@marinelink.com

Tel: 561-732-1185 Fax: 561-732-8414

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 dtrauthwein@marinelink.com

Tel: 631-472-2715 Fax: 631-868-3575

Jean Vertucci vertucci@marinelink.com

Tel: 212-477-6700 Fax: 212-254-6271

Managing Director, Intl. Sales

Paul Barrett ieaco@aol.com

Tel: +44 1268 711560 Fax: +44 1268 711567

Uwe Riemeyer riemeyer@intermediapartners.de

Tel: +49 202 27169 0 Fax: +49 202 27169 20

Sales & Event Coordinator

Michelle Howard mhoward@marinelink.com

Classifi ed Sales (212) 477-6700

CORPORATE STAFF

Manager, Public Relations

Mark O’Malley momalley@marinelink.com

Manager, Info Tech Services

Vladimir Bibik bibik@marinelink.com

CIRCULATION

Circulation Manager

Kathleen Hickey k.hickey@marinelink.com

TO SUBSCRIBE:

Subscriptions to Marine News (12 issues per year) for one year are available for $60.00;

Two years (24 issues) for $95.00.

Send your check payable to:

MarineNews, 118 E. 25th St., New York, NY 10010.

For more information email Kathleen Hickey at: k.hickey@marinelink.com

POSTMASTER

Time Value

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MarineNews ISSN#1087-3864 is published monthly, 12 times a year by Maritime Activity Reports, Inc., 118 East 25th

Street, New York, N. Y. 10160-1062. The publisher assumes no responsibility for any misprints or claims and actions taken by advertisers. The publisher reserves the right to refuse any advertising. Contents of this publication either in whole or in part may not be reproduced without the express permission of the publisher.

POSTMASTER: Send address changes to MarineNews, 850 Montauk Hwy. #867 Bayport, NY 11705.

MarineNews is published monthly by Maritime Activity Reports Inc. Periodicals Postage paid at New York, NY and additional mailing offi ces. 6 Editor’s Note 8 By the Numbers Floating Production Systems: A new guide to this offshore market through 2019. 18 OP/ED: By Mike Toohey 20 OP/ED: By Randall Luthi 24 Legal The ASA’s Jon Waldron provides the ultimate cabotage primer. 28 Boatbuilding Joe Hudspeth addresses an increasingly complicated boatbuilding environment. 32 Insurance Randy O’Neill looks at how distracted driving impacts waterborne commerce. 36 Finance Richard Paine helps you choose the best fi nancing proposal. 40 Finance & Infrastructure James A. Kearns discusses a creative combination for fi nancing inland waterways infrastructure. 46 Safety Ben Billings reviews safe operations offshore. 110 Vessels 114 People & Company News 120 Products 124 Classified Advertising 128 Advertiser’s Index &

Departments Analysis

MarineNews November 2014 Volume 25 Number 11 4 MN

November 2014

MN Nov14 Layout 1-17.indd 4 10/27/2014 9:34:38 AM