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July 2010 www.marinelink.com 3 WRITERS Bryant, DeSimone, Spielmann, Cairns, Fraenkel GOVERNMENT UPDATE 18 Low Bridge: Everybody Down • by Dennis L. Bryant, Maritime Regulatory Consulting FINANCE & INSURANCE 19 Sub-Chapter “M” is for Safety • by Richard DeSimone & Kord Spielmann, Travelers COUNTRY FOCUS 24 Canadian Maritime Focus • by Peter Cairns, President, Shipbuilding Association of Canada OFFSHORE RENEWABLE ENERGY 30 Marine Current Turbines Makes its Mark • by Peter L. Fraenkel, Marine Current Turbines COVER STORY OFFSHORE RENEWABLES 30 Power to Spare As companies grapple with the fallout and the expected new offshore O&G rules in the wake of the Gulf of Mexico oil spill and clean-up, a business niche which is rapidly ramping up — and in dire need of mar- itime industry expertise — is that of producing energy from off- shore renewable sources: wind, waves and tidal. Read, starting on page 32, of Marine Current Turbines effort to design, test and install the world’s first commercially viable tidal turbine. by Peter L Fraenkel, BScEng, CEng, FIMechE, FEI, Technical Director - Marine Current Turbines Ltd (Photo cour tesy Marine Curr ent T urbines)