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POSTMASTER Time Value Expedite MarineNewsISSN#1087-3864is 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,118 East 25th Street, New York, N.Y. 10160-1062. MarineNewsis published monthly by Maritime Activity Reports Inc. Periodicals Postage paid at New York, NY and additional mailing offices. ISSN#1087-3864 USPS#013-952Florida:215 NW 3rd St., Boynton Beach, FL 33435tel: (561) 732-4368; fax: (561) 732-6984New York: 118 E. 25th St., New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271www.marinelink.com TO SUBSCRIBE:Subscriptions to Marine News(12 issues per year) for one year are available for $49.00; Two years (24 issues) for $64.00. Send your check payable to: MarineNews, 118 E. 25th St., New York, NY 10010. For more information email Kathleen Hickey at: [email protected] C. O?Malley  [email protected] Publisher & Editorial DirectorGreg Trauthwein  [email protected] Keefe  [email protected]: 704-661-8475 Contributing WritersSusan Buchanan  Raina Clark  Lawrence R. DeMarcay, III Frederick B. Goldsmith  Randy O?Neill  Jim Shirley PRODUCTIONProduction ManagerIrina Tabakina  [email protected] Intern Nicole Ventimiglia  [email protected] President, Sales & MarketingRob Howard  [email protected] Administration & Office Manager Rhoda Morgan  [email protected] & Event CoordinatorMichelle Howard  [email protected] Sales ManagerDale Barnett  [email protected]: 212-477-6700Advertising Sales ManagersNational Sales ManagerJack Bond  [email protected]: 561-732-1659 Fax: 561-732-8063 Lucia Annunziata  [email protected] Terry Breese  [email protected]: 212-477-6700 Fax: 212-254-6271 Tel: 561-732-1185 Fax: 561-732-8414 Perry Grant  [email protected] Trauthwein  [email protected]: 561-732-0312 Fax: 561-732-9670Tel: 631-472-2715 Fax: 631-868-3575 Mike Kozlowski  [email protected]: 561-733-2477 Fax: 561-732-9670 Managing Director, Intl. Sales Paul Barrett  [email protected]: +44 1268 711560 Fax: +44 1268 711567 Uwe Riemeyer  [email protected]: +49 202 27169 0 Fax: +49 202 27169 20 CORPORATE STAFFManager, Accounting Services Rhoda Morgan  [email protected], Public Relations Mark O?Malley  [email protected], Marketing Jocelyn Redfern  [email protected], Info Tech Services Vladimir Bibik [email protected] ManagerKathleen Hickey  [email protected] MarineNewsLegal24Vessel Crewing Operators Face Liability for Numerical, Task Assignment, Competency, Training, and Demeanor Deficiencies. By Frederick B. Goldsmith Finance28Bad Business Planning Don?t let it sink your dreamboat. By Richard J. Paine, Sr. 6Editor?s Note 22OP/ED ? Erecting Barriers to Economic Prosperity ? AWO?s Thomas Allegretti 53Propulsion Update 54People & Company News 56Products 59Classifieds 64AD Index (Photo BCGP)On the Cover34 On Patrol The 37-foot Boston Whaler Justice patrol boat is just one of many small craft solutions being employed by maritime security and military forces here, and abroad. This hull and many oth- ers serve notice that maritime security dutites are no longer the exclusive domain of the 600-ft. warship.MN#3 (1-17):MN 2011 Layouts 3/5/2012 1:35 PM Page 4