Page 2: of Marine News Magazine (June 2016)

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CONTENTS

MarineNews June 2016 • Volume 27 Number 6

Credit: Elastec

INSIGHTS 12 Steve Candito President, Foresea Consulting

FINANCE 18 Ready or Not, Here it Comes

Credit: Crowley Maritime In January 2016, both the FASB and IFRS an- nounced the ? nalization and formalization of a rule change that will impact lease assets … includ-

Features ing boats, ships and barges.

By Richard J. Paine, Sr. 36 Vigorously Vying for Overseas Opportunities An increasingly diverse Vigor Industrial looks beyond the domestic malaise in the government and military small

INSURANCE boat sectors for the low hanging fruit that awaits elsewhere. 22 Additional Insured Coverage –

By Joseph Keefe

Make Sure That Marcel is Your Friend A mechanism where companies can provide addi- 42 Hybrid Technology for Military and tional insured coverage to their clients that over-

Commercial Vessels comes LOIA restrictions. The Hour of Power Comes of Age.

By Larry DeMarcay

By John Haynes

LEGAL

ON THE COVER 4HE