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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 jomalley@marinelink.comAssociate Publisher & Editorial DirectorGreg Trauthwein trauthwein@marinelink.comEditorJoseph Keefe keefe@marinelink.comTel: 704-661-8475 Web Editor Eric Haun haun@marinelink.comContributing WritersSusan Buchanan Lawrence R. DeMarcay, III Randy O?Neill Katharine Sweeney PRODUCTION Production & Graphics Manager Nicole Ventimiglia nicole@marinelink.com SALESVice President, Sales & MarketingRob Howard howard@marinelink.com Sales Administration & OfÞ ce Manager Rhoda Morgan morgan@marinelink.com Sales & Event Coordinator Michelle Howard mhoward@marinelink.com ClassiÞ ed Sales Manager Dale Barnett barnett@marinelink.com tel: 212-477-6700Advertising Sales ManagersNational Sales ManagerTerry Breese breese@marinelink.com Tel: 561-732-1185 Fax: 561-732-8414 Lucia Annunziata annunziata@marinelink.com Frank Covella covella@marinelink.comTel: 212-477-6700 Fax: 212-254-6271 Tel: 561-732-1659 Fax: 561-732-8063 Mitch Engel engel@marinelink.com Mike Kozlowski kozlowski@marinelink.comTel: 561-732-0312 Fax: 561-732-8063 Tel: 561-733-2477 Fax: 561-732-9670 Dawn Trauthwein dtrauthwein@marinelink.com Jean Vertucci vertucci@marinelink.comTel: 631-472-2715 Fax: 631-868-3575 Tel: 212-477-6700 Fax: 212-254-6271 Managing Director, Intl. Sales Paul Barrett ieaco@aol.com Uwe Riemeyer riemeyer@intermediapartners.de Tel: +44 1268 711560 Tel: +49 202 27169 0 Fax: +44 1268 711567 Fax: +49 202 27169 20CORPORATE STAFF Manager, Accounting Services Rhoda Morgan morgan@marinelink.com Manager, Public Relations Mark O?Malley momalley@marinelink.com Manager, Marketing Jocelyn Redfern jredfern@marinelink.com Manager, Info Tech Services Vladimir Bibik bibik@marinelink.com CIRCULATION Circulation Manager Kathleen Hickey mncirc@marinelink.com 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: k.hickey@marinelink.comPOSTMASTER Time Value Expedite 4 H E ) N F O R M A T I O N ! U T H O R I T Y F O R T H E 7 O R K B O A T s / F F S H O R E s ) N L A N D s # O A S T A L - A R I N E - A R K E T S arineMJUNE 2013 W W W M A R I N E L I N K C O M 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
