OCTOBER 2017 • FOGHORN 17 FOGHORNFOCUS: MARINE PROPULSION Two Waterfront Locations Our Dorchester, NJ Location Offers: • 50 ton Marine Travelift • Coming in 2017 – a new 600 metric ton Marine Travelift! A new 820C Marine Travelift arriving in November 2017! We are authorized dealers for: John Deere, Cummins, Lugger, Onan, Northern Lights, Phasor, & Kohler Our Tuckahoe, NJ Location Offers: • 600 ton marine railway • 300 metric ton Marine Travelift • 200 metric ton Marine Travelift • 75 metric ton Marine Travelift • 12 metric ton Marine Travelift We build & repair all types of commercial vessels! Run a Pleas 2017-18 PVA Directory, V2 www.yankmarine.com YANK MARINE, INC. 7 Mosquito Landing Rd • Tuckahoe NJ 609-628-2928 YANK MARINE SERVICES 487 Main Street • Dorchester, NJ 856-785-0100 bjyank@yankmarine.com Air Quality Standards Attainment Program in California. These grants often include financial assistance for the project as a whole, rather than just for the cost of the equipment, making the option of repowering a vessel extremely attractive. Other factors to be weighed are the operational advantages associated with predicted reliability, an increase in vessel speed, and a reduction in noise and visible smoke. These key operating attributes are directly related to overall profitability, whether it be an impact on ticket sales or reduced downtime due unscheduled maintenance. In order to wade through the numerous factors impacting this decision, users can utilize the Net Present Value (NPV) method to help reach an objective outcome. The NPV method weighs each option based on the predicted revenues and costs over the expected life of the vessel. Using this method provides an objective means of analyzing competing options and their associated financial impact to the business. Additionally, it is ben- About the Author Vince Rodomista is a Marine Sales Engineer at John Deere Power Systems. He brings nearly 30 years of marine engineering experience to the table in his role at John Deere Power Systems. A graduate of the United States Merchant Marine Academy, he earned his dual bachelor’s degree in marine engineering and marine transportation in 1990. Rodomista has eight years of sailing experience as a licensed officer aboard U.S. merchant ships, and holds two active United States Coast Guard licenses: USCG Master 1600 for oceans and USCG Chief Engineer 1600 for steam and motor vessels. To further share his expertise, VInce has taught marine engineering and navigation courses at the San Jacinto College Maritime Program. eficial to look at the financial impact of variable key financial inputs — including the future price of fuel, un- scheduled maintenance costs, ticket sales, etc. This way, the operator can analyze how repowering or rebuilding may respond to these variables. In summary, it pays to carefully weigh the outcomes of whether to repower or rebuild propulsion engines. While there are many factors at play, if the decision-making process is done in a methodical and comprehensive manner, operators have a much higher probability of making the right decision for their business. n