Page 2: of Marine News Magazine (January 2015)

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CONTENTS

MarineNews January 2015 • Volume 26 Number 1

INSIGHTS 12 Johan Roos Executive Director of European Union and IMO Affairs, Interferry

COLUMNS 18 FINANCE: A Commercial Marine Lender and Lessor’s Lexicon A primer for lenders and borrowers alike. By Richard J. Paine, Sr.

24 BOATBUILDING: Ferry Fixation The effort to strengthen bottom lines, safety margins and the collective environmental footprint.

By Joe Hudspeth

Features

ARCTIC OPERATIONS 32 Passenger Vessel Market Compared to most world regions, U.S. ferries are safer. 41 Cold and Calculating But pressures mount as the regulatory burdens grows.

Army research laboratory helps vessels deal with ice in domestic waterways.

By Susan Buchanan

By Edward Lundquist 36 Taming the Arctic, One Ferry at a Time Ferries for Alaska’s harsh conditions, built in Alaska by

TRAINING & EDUCATION Alaskans. 44 Bridging the Competency Gap

By Sarah McCoy SUNY Maritime’s cutting edge tug & barge simulator