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POSTMASTER Time Value Expedite MarineNewsISSN#1087-3864is 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,118 East 25th Street, New York, N.Y. 10160-1062. MarineNewsis published monthly by Maritime Activity Reports Inc. Periodicals Postage paid at New York, NY and additional mailing offices. 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 TO SUBSCRIBE:Subscriptions to Marine News(12 issues per year) for one year are available for $49.00; Two years (24 issues) for $64.00. Send your check payable to: MarineNews, 118 E. 25th St., New York, NY 10010. For more information email Kathleen Hickey at: k.hickey@marinelink.comPUBLISHERJohn C. O?Malley jomalley@marinelink.comAssociate Publisher & Editorial DirectorGreg Trauthwein trauthwein@marinelink.comEditorJoseph Keefe keefe@marinelink.comTel: 704-661-8475 Contributing WritersSusan Buchanan Raina Clark Lawrence R. DeMarcay, III Frederick B. Goldsmith Randy O?Neill Jim Shirley PRODUCTIONProduction ManagerIrina Tabakina tabakina@marinelink.comProduction Intern Nicole Ventimiglia nicole@marinelink.comSALESVice President, Sales & MarketingRob Howard howard@marinelink.comSales Administration & Office Manager Rhoda Morgan morgan@marinelink.comSales & Event CoordinatorMichelle Howard mhoward@marinelink.comClassified Sales ManagerDale Barnett barnett@marinelink.comtel: 212-477-6700Advertising Sales ManagersNational Sales ManagerJack Bond bond@marinelink.comTel: 561-732-1659 Fax: 561-732-8063 Lucia Annunziata annunziata@marinelink.com Terry Breese breese@marinelink.comTel: 212-477-6700 Fax: 212-254-6271 Tel: 561-732-1185 Fax: 561-732-8414 Perry Grant grant@marinelink.comDawn Trauthwein dtrauthwein@marinelink.comTel: 561-732-0312 Fax: 561-732-9670Tel: 631-472-2715 Fax: 631-868-3575 Mike Kozlowski kozlowski@marinelink.comTel: 561-733-2477 Fax: 561-732-9670 Managing Director, Intl. Sales Paul Barrett ieaco@aol.comTel: +44 1268 711560 Fax: +44 1268 711567 Uwe Riemeyer riemeyer@intermediapartners.deTel: +49 202 27169 0 Fax: +49 202 27169 20 CORPORATE STAFFManager, Accounting Services Rhoda Morgan morgan@marinelink.comManager, Public Relations Mark O?Malley momalley@marinelink.comManager, Marketing Jocelyn Redfern jredfern@marinelink.comManager, Info Tech Services Vladimir Bibik bibik@marinelink.comCIRCULATIONCirculation ManagerKathleen Hickey mncirc@marinelink.com MarineNewsBoatbuilding16Vessel Design with Crew in Mind Building reliable workboats that also attract and retain mariners. By Joe Hudspeth Legal18Punitive Damages Could Your Business be at risk? By Larry DeMarcay 6Editor?s Note 10OP/ED ? WCI Weighs in on Jobs 21Work Boats Exchange: A New Hosted Marine Buyer?s Event 39Vessels 40People & Company News 42Products 44Classifieds 48AD Index Photo: courtesy Global Diving & SalvageOn the Cover22 Arctic Chill Arctic salvage presents unique challenges requiring special skills, a robust local presence and the experience to get the job done.MN#2 (1-17):MN 2011 Layouts 2/3/2012 1:51 PM Page 4