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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 [email protected]

Associate Publisher & Editorial Director

Greg Trauthwein [email protected]

Editor

Joseph Keefe [email protected]

Tel: 704-661-8475

Web Editor

Eric Haun [email protected]

Contributing Writers

Susan Buchanan Lawrence R. DeMarcay, III

Joe Hudspeth Randy O’Neill

PRODUCTION

Production & Graphics Manager

Nicole Ventimiglia [email protected]

SALES

Vice President, Sales & Marketing

Rob Howard [email protected]

Advertising Sales Managers

National Sales Manager

Terry Breese [email protected]

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

Lucia Annunziata [email protected]

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

Frank Covella [email protected]

Tel: 561-732-1659 Fax: 561-732-8063

Mitch Engel [email protected]

Tel: 561-732-0312 Fax: 561-732-8063

Mike Kozlowski [email protected]

Tel: 561-733-2477 Fax: 561-732-9670

Dawn Trauthwein [email protected]

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

Jean Vertucci [email protected]

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

Managing Director, Intl. Sales

Paul Barrett [email protected]

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

Uwe Riemeyer [email protected]

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

Sales & Event Coordinator

Michelle Howard [email protected]

Classifi ed Sales (212) 477-6700

CORPORATE STAFF

Manager, Public Relations

Mark O’Malley [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]

POSTMASTER

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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