Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 3224 DECEMBER 2016 • FOGHORN BUSINESSMATTERS B ill Gates has said, “we always overstate change that will occur in the next two years, but underestimate the change that will occur over the next ten years.” I remember marveling at the plethora of giant casino boats built in the mid and late 1990s, predicting that soon dinner cruise operators would have a bargain. Well, I was right that they’d be available, but I didn’t think it would take nearly twenty years in some cases. I also didn’t foresee the ability to buy such massive boats for literally pennies on the dollar and at the price of steel scrap. So much for my crystal ball. I have been visiting New York City recently to see Hornblower’s efforts with the Citywide Ferry Service (CFS). This eight-year $400M project is the most massive marine develop- ment in my career. NYC Economic Development Corporation (EDC) is overseeing Hornblower’s project that will connect NYC’s five boroughs via 24 high-speed catamarans and 21 ferry locations. NYC started the present East River Ferry system and forecasted an annual ridership of 600k passengers a year. Within a couple of years, ridership was 1.4M passengers a year, and surpris- ingly it was busiest on the weekend with residents and tourists. Most im- portantly, it has spawned billions of dollars in economic development clustered around each stop in Brooklyn. Brooklyn waterfront residents didn’t have convenient mass transit options, and suddenly they could be connected to Manhattan by frequent ferry service. This inspired the De Blasio administra- tion’s ambitious efforts to connect all of the outer boroughs to Manhattan. While building so many vessels and transitioning the East River Ferry service to Hornblower is audacious; there are many other challenging aspects of this project: • Operating 365 days a year 6 a.m. to 10 p.m. under all types of conditions. • The routes will stretch from the Rockaways near JFK all the way to the Bronx, a distance of 60 miles. • Ticketing at all stops will be automated with no humans except on the vessels. Two kiosks at each stop plus a customized mobile ap- plication will be the backbone of the system. • EDC is requiring a real-time dashboard view of each vessel’s “Our Emerging Fleets: Part II” By Bob Shaw, Industry Consultant 2570 Beverly Dr. #128, Aurora, IL 60502 T 630.236.3500 CENTA Power trAnsmIssIon LeADIng By InnovAtIon • USA based production • Over 20 unique designs • Over 16 million sold • Torsional vibration experts Trust CENTA – The Global Innovator Since 1970 CENTALINK Carbon Fiber Driveshafts Innovative flexible couplings for marine applications As a leader in passenger vessel design, stability assessments and refurbishments, our vessels are not only beautiful, they’re also safe and efficient to operate while producing maximum profitability for owners. To bring Jensen on board for your next passenger vessel design or build, contact us at 206.332.8090 or visit our website at jensenmaritime.com. Passenger Vessel Designs: OPtimizeD fOr PrOfitability