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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 jomalley@marinelink.com Associate Publisher & Editorial Director Greg Trauthwein trauthwein@marinelink.com Editor Joseph Keefe keefe@marinelink.com Tel: 704-661-8475 Web Editor Eric Haun haun@marinelink.com Contributing Writers Susan Buchanan Lawrence R. DeMarcay, III Joe Hudspeth Randy O’Neill PRODUCTION Production & Graphics Manager Nicole Ventimiglia nicole@marinelink.com SALES Vice President, Sales & Marketing Rob Howard howard@marinelink.com Advertising Sales Managers National Sales Manager Terry Breese breese@marinelink.com Tel: 561-732-1185 Fax: 561-732-8414 Lucia Annunziata annunziata@marinelink.com Tel: 212-477-6700 Fax: 212-254-6271 Frank Covella covella@marinelink.com Tel: 561-732-1659 Fax: 561-732-8063 Mitch Engel engel@marinelink.com Tel: 561-732-0312 Fax: 561-732-8063 Mike Kozlowski kozlowski@marinelink.com Tel: 561-733-2477 Fax: 561-732-9670 Dawn Trauthwein dtrauthwein@marinelink.com Tel: 631-472-2715 Fax: 631-868-3575 Jean Vertucci vertucci@marinelink.com Tel: 212-477-6700 Fax: 212-254-6271 Managing Director, Intl. Sales Paul Barrett ieaco@aol.com Tel: +44 1268 711560 Fax: +44 1268 711567 Uwe Riemeyer riemeyer@intermediapartners.de Tel: +49 202 27169 0 Fax: +49 202 27169 20 Sales & Event Coordinator Michelle Howard mhoward@marinelink.com Classifi ed Sales (212) 477-6700 CORPORATE STAFF Manager, Public Relations Mark O’Malley momalley@marinelink.com Manager, Info Tech Services Vladimir Bibik bibik@marinelink.com CIRCULATION Circulation Manager Kathleen Hickey k.hickey@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.com POSTMASTER Time Value Expedite 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