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to commission the vessel in New Or- leans, Louisiana in June, 2013. Coast Guard Accepts BWTS as AMS The U.S. Coast Guard announced the acceptance of nine ballast water treatment systems as Alternate Man- agement Systems (AMS) in compli- ance with the service?s March 2012  nal rule for Standards for Living Or- ganisms in Ships? Ballast Water Dis- charged (SLOSBWD) in U.S. waters. AMS acceptance by the Coast Guard is a temporary designation given to a ballast water treatment system ap- proved by a foreign administration. Vessel operators may use an AMS to manage their ballast water discharges in lieu of ballast water exchange while the treatment system undergoes ap- proval testing to Coast Guard stan- dards. An AMS may be used to meet the Coast Guard ballast water treat- ment requirements for up to  ve years after the ship?s ballast water discharge standard compliance date speci ed in the  nal rule. This  ve-year timeframe allows for the completion of required land-based and shipboard testing. Port of LA to Fund Engine Replacements The Port of Los Angeles has made additional funding available for its Marina Engine Exchange Program, incentivizing boat owners to replace their older, high-polluting outboard motors with California Air Resources Board (CARB)-certi ed, ?three star?/ ultra-low emission-rated engines (up to 10 horsepower). The Port is of- fering boat owners 75% of the total cost (up to $2,000) to replace old outboard motors with new motors, which includes purchase price, la- bor for replacement, and recycling of the old motor. The deadline to apply is July 31, 2013 ? or until available funds have been distributed. XL Group Launches Yacht Coverage To help yachts weather fair and foul seas, XL Group?s North America Marine insurance business unveiled ShipShape, a suite of recreational ma- rine coverages tailored to the particu- lar needs of yacht owners. XL Group provides insurance for large marine risks across the globe, and will now extend its marine underwriting exper- tise with this new coverage and a team of underwriters with experience in the recreational marine industry. VETUS Joins Yanmar Group VETUS joined the Yanmar Group as of January 1, 2013. VETUS is a well-known player in the internation- al market for its in-house engineered boat equipment systems.Great Lakes Cement CarrierMargaret NorvellDesimoneServidioPEOPLE & COMPANY NEWS May 201356 MNMN May2013 Layout 50-59.indd 56MN May2013 Layout 50-59.indd 565/3/2013 2:03:48 PM5/3/2013 2:03:48 PM