Page 4: of Marine News Magazine (June 2013)

MarineNews 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 PUBLISHERJohn C. O?Malley  [email protected] Publisher & Editorial DirectorGreg Trauthwein  [email protected] Keefe  [email protected]: 704-661-8475 Web Editor Eric Haun  [email protected] WritersSusan Buchanan  Lawrence R. DeMarcay, III  Randy O?Neill  Katharine Sweeney PRODUCTION Production & Graphics Manager Nicole Ventimiglia  [email protected] SALESVice President, Sales & MarketingRob Howard  [email protected] Sales Administration & OfÞ ce Manager Rhoda Morgan  [email protected] Sales & Event Coordinator Michelle Howard  [email protected] ClassiÞ ed Sales Manager Dale Barnett  [email protected] tel: 212-477-6700Advertising Sales ManagersNational Sales ManagerTerry Breese  [email protected] Tel: 561-732-1185 Fax: 561-732-8414 Lucia Annunziata  [email protected] Frank Covella  [email protected]: 212-477-6700 Fax: 212-254-6271 Tel: 561-732-1659 Fax: 561-732-8063 Mitch Engel  [email protected] Mike Kozlowski  [email protected]: 561-732-0312 Fax: 561-732-8063 Tel: 561-733-2477 Fax: 561-732-9670 Dawn Trauthwein  [email protected] Jean Vertucci  [email protected]: 631-472-2715 Fax: 631-868-3575 Tel: 212-477-6700 Fax: 212-254-6271 Managing Director, Intl. Sales Paul Barrett  [email protected] Uwe Riemeyer  [email protected] Tel: +44 1268 711560 Tel: +49 202 27169 0 Fax: +44 1268 711567 Fax: +49 202 27169 20CORPORATE STAFF Manager, Accounting Services Rhoda Morgan  [email protected] Manager, Public Relations Mark O?Malley  [email protected] Manager, Marketing Jocelyn Redfern  [email protected] Manager, Info Tech Services Vladimir Bibik  [email protected] CIRCULATION Circulation Manager Kathleen Hickey  [email protected] 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: [email protected] Time Value Expedite 4HE)NFORMATION!UTHORITYFORTHE7ORKBOATs/FFSHOREs)NLANDs#OASTAL-ARINE-ARKETS arineMJUNE 2013 WWWMARINELINKCOM News Dig InDig InMaritime Dredging Needs Hit Critical JunctionMaritime Dredging Needs Hit Critical JunctionWRDA The Time is Now Kurt J. Nagle Insights from the AAPA Shortsea Shipping The Comeback Kid WRDA The Time is Now Kurt J. Nagle Insights from the AAPA Shortsea Shipping The Comeback Kid On the Cover21 Perilous Position for Ports Off the coast of Western Florida, on the dredge Atchafalaya, the action is fast and furious during dredging operations (photo: J. Lars Turner). U.S. waterfront stakeholders hope for similar action in Washington as Congress contemplates Þ nal passage of the WRDA Act. Susan Buchanan provides MarineNews readers with a full update of what is happening Ð and what is not Ð on our nationÕs waterways. BY THE NUMBERS 6 2012 Recreational Boating Statistics Deadly Implications for commercial mariners. FINANCE 8 Risky Business Underwriting your newbuild program is only one half of the sea passage. By Richard Paine BOATBUILDING 16 Cracking the Boat Buying Nutshell By Joe Hudspeth PROPULSION 26 A New Direction for DP GE pioneers a friendlier operating system for mariners. By Joseph Keefe 5 Editor?s Note 14 OP/ED: WRDA to the Wise By Michael J. Toohey, WCI President/CEO 30 Vessels 40 People & Company News 41 Products 43 Classi eds48 AD Index 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 of? ces. 4 MNJune 2013MN June2013 Layout 1-17.indd 4MN June2013 Layout 1-17.indd 45/30/2013 3:16:03 PM5/30/2013 3:16:03 PM