MarEx Newsletter - May 31, 2007

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May 31, 2007 Vol. 5, No. 22 Subscribe to Newsletter In this issue: Shortsighted Proposal to Break up the Coast Guard, if Implemented, will not Serve the Greater Good SCA Elects New Chairman U.S. Maritime Administration and Able UK Both Issue Statements Confirming Modifications to Ship Recycling Contract Yantai Raffles and Dockwise Christened the Mega Yacht Carrier Sinking of Sierra Leone-Flagged Ship Becomes International Affair Rolls Royce Installs Autoload® Onboard Stability Software NTSB Determines Pilot's Maneuvering Error Caused 2006 New Delhi Express Accident in New York Harbor Combined Annual and Special Shareholders' Meeting of May 29, 2007 Cape Town Harbor Ship Repair Companies Losing Money May 25 Coast Guard Press Release: Tugboat Captain Sentenced to 30 Months in Prison Delaware River Channel to be Deepened to a Controlling Depth of 45 Feet Hornblower Marine Services Signs Multi-Year Deal to Run U.S. Marine Corps Westpac Express U.S. Court of Appeals Denies Petition for Rehearing on Punitive Damages in Exxon Valdez Case Twin UltraJet 305 Propel New ACB Oilfield Service Boats SUEZ LNG Implements U.S. Citizen Crewing Agreement

Featured Maritime Executives Shortsighted Proposal to Break up the Coast Guard, if Implemented, will not Serve the Greater Good Informal proposal is said to call for the Coast Guard to be primarily a maritime security force while parceling off other regulatory duties to other entities Read More>   Back to top SCA Elects New Chairman The Shipbuilders Council of America (SCA) announced that Steve Welch, chief executive officer of Todd Pacific Shipyards Corp., has been elected its new chairman Read More>   Back to top U.S. Maritime Administration and Able UK Both Issue Statements Confirming Modifications to Ship Recycling Contract Four obsolete vessels, already towed to the UK, will be recycled there; contract for nine additional vessels is canceled Read More>   Back to top Yantai Raffles and Dockwise Christened the Mega Yacht Carrier Yantai Raffles Shipyard Limited ("YRS") announces the christening of the newly built yacht carrier, built for the account of Dockwise Transport B.V. Read More>   Back to top Sinking of Sierra Leone-Flagged Ship Becomes International Affair Pakistan rescued the 11-member crew while India monitored the drifting sinking vessel Read More>   Back to top Rolls Royce Installs Autoload® Onboard Stability Software Autoship Systems UK has delivered the first 3 Autoload installations to Rolls Royce Marine & Electrical Systems for installation Read More>   Back to top NTSB Determines Pilot's Maneuvering Error Caused 2006 New Delhi Express Accident in New York Harbor National Transportation Safety Board Press Release (SB-07-29 / 30 May 2007) cites poor bridge resource management as cause of 2006 grounding Read More>   Back to top Combined Annual and Special Shareholders' Meeting of May 29, 2007 The BOURBON Combined Annual and Special Shareholders' Meeting was held under the Chairmanship of Jacques de Chateauvieux at the Palais Brongniart in Paris Read More>   Back to top Cape Town Harbor Ship Repair Companies Losing Money The harbor sorely needs repairs and upgrades but the government's environmental impact assessment is holding up the improvement project Read More>   Back to top May 25 Coast Guard Press Release: Tugboat Captain Sentenced to 30 Months in Prison Indiana man convicted of operating on a forged license and negligence Read More>   Back to top Delaware River Channel to be Deepened to a Controlling Depth of 45 Feet Pennsylvania Governor Ed Rendell says the move will mean a marked increase in commerce at the ports of Philadelphia and southern New Jersey; taxpayers to pick up $300-million tab Read More>   Back to top Hornblower Marine Services Signs Multi-Year Deal to Run U.S. Marine Corps Westpac Express Hornblower Marine Services is pleased to announce the multi-year renewal of its contract to operate the U.S. Defense Department's most successful and longest serving High-Speed Vessel Read More>   Back to top U.S. Court of Appeals Denies Petition for Rehearing on Punitive Damages in Exxon Valdez Case Award of damages in the amount of $2.5 billion will be appealed to U.S. Supreme Court Read More>   Back to top Twin UltraJet 305 Propel New ACB Oilfield Service Boats ACB reports the boat to be one of the world's safest working boats due to its design Read More>   Back to top SUEZ LNG Implements U.S. Citizen Crewing Agreement Key Collaborators include the International Organization of Masters, Mates and Pilots and the nation's oldest continuously operating maritime academy -- the Massachusetts Maritime Academy Read More>   Back to top

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MarEx Newsletter - May 24, 2007

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May 24, 2007 Vol. 5, No. 21 Subscribe to Newsletter In this issue: Texas Moves to Protect Ports and Dredge Operators from Frivolous Lawsuits World's First Global, Free to Air Maritime TV Channel Launched LNG Update: Two Steps Forward; One Back Island Boats Builds Two New Vessels Somali Pirates Still Holding 24 Crew Members Maritime Heavy Transportation Companies Dockwise and Sealift Announce Merger Three Bodies Found in South Korean Cargo Vessel Wreckage Wärtsilä Acquires Synthetic Bearing Technology Business in the UK TDC Security Alert: The Scourge of Piracy Returns to Somalia after Short Respite Seaarland sets up in Singapore President Bush Puts Focus on National Maritime Day, 2007 GAC Acquires Majority Stake in Norway's Ole R Olsen AS Another Pipeline Leak in Alaska Reduces Flow of Oil to Lower 48 Again Danish Owner Puts C-MAP Professional on Whole Fleet Second Acquisition for Triton Group Underlines Growth Strategy

Featured Maritime Executives Texas Moves to Protect Ports and Dredge Operators from Frivolous Lawsuits Press Release announces unanimous passage of House Bill 1602 should put an end to venue-shopping issue for plaintiffs working on dredges in Texas Read More>   Back to top World's First Global, Free to Air Maritime TV Channel Launched Marine BizTV was launched amid the largest maritime gathering in the Middle East in Dubai, UAE on the May 7, 2007 Read More>   Back to top LNG Update: Two Steps Forward; One Back CA Governor Schwarzenegger disapproves BHP deepwater port license as MARAD issues deepwater port license for the Northeast Gateway Energy Bridge, L.L.C. (Northeast Gateway) project and other proposals move forward Read More>   Back to top Island Boats Builds Two New Vessels The Southern Louisiana shipbuilder builds a vessel for Biscayne Lady Cruises and wins a contract to build one for Pacific Whale Foundation Read More>   Back to top Somali Pirates Still Holding 24 Crew Members Captain tells shipowner that crew is safe; still no ransom demands Read More>   Back to top Maritime Heavy Transportation Companies Dockwise and Sealift Announce Merger Maritime companies Dockwise and Sealift, both active in the heavy transportation market, announce that they are to merge Read More>   Back to top Three Bodies Found in South Korean Cargo Vessel Wreckage Three bodies, one confirmed to be the captain of the Golden Rose, have been discovered though only two have been recovered Read More>   Back to top Wärtsilä Acquires Synthetic Bearing Technology Business in the UK Wärtsilä has signed an agreement to acquire the marine business of Railko Ltd. in the UK, a company specializing in synthetic stern tube bearing technology Read More>   Back to top TDC Security Alert: The Scourge of Piracy Returns to Somalia after Short Respite Piracy Advisories issued by Maritime Liaison Office (MARLO) BAHRAIN and U.S. Maritime Administration (MARAD); IMO's Piracy Report for calendar year 2006 now available Read More>   Back to top Seaarland sets up in Singapore Amsterdam-based Seaarland Shipping Management has set up a commercial office in Singapore Read More>   Back to top President Bush Puts Focus on National Maritime Day, 2007 Proclamation by the President of the United States of America celebrates May 22 as National Maritime Day Read More>   Back to top GAC Acquires Majority Stake in Norway's Ole R Olsen AS The GAC Group announced May 18, 2007 that it has acquired an 80 percent stake in Ole R Olsen AS (ORO) Norway's oldest shipping agency Read More>   Back to top Another Pipeline Leak in Alaska Reduces Flow of Oil to Lower 48 Again BP shuts down almost 100,000 barrels per day of ANSCO after water pipeline leak discovered Read More>   Back to top Danish Owner Puts C-MAP Professional on Whole Fleet C-Map by Jeppesen is pleased to announce that Danish shipowner Thor Rederi has decided to fit all of its vessels with C-Map Professional electronic charts Read More>   Back to top Second Acquisition for Triton Group Underlines Growth Strategy Aberdeen-based Triton Group announced that it has acquired Sub-Atlantic Limited Read More>   Back to top

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MarEx Newsletter - May 17, 2007

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May 17, 2007 Vol. 5, No. 20 Subscribe to Newsletter In this issue: Passage of Alaska Gasline Inducement Act (AGIA) Turns up the Heat on the Oil Majors Port of Houston Authority and Port of Galveston Sign Agreement for Development of New Container Facility Passenger Ship Grounding off the Alaskan Coast Spurs NTSB Investigation F. Brooks Royster III, Executive Director, MPA to be Guest Speaker at USMMA Chesapeake Chapter "Maritime Day Celebration" Search Continues for 16 Missing After Ships Collide AAPA News Release: U.S. Public Ports Welcome Much Needed Security Funds Galveston Pilots Secure Increase in Rates Equating to About 10% San Francisco Bar Pilots to Receive Training from MITAGS Greek Oil Tanker Still Grounded Strategic partnership between SCHOTTEL and Frydenbø TDC Security Alert: Lessons Learned From Plot to Attack Fort Dix, NJ Beele Engineering Assures Fire Safety for Yacht Express Norwegian University and Three Leading Norwegian-Based Maritime Companies Partner to Build Research Center MacGREGOR Adds Service Specialist to Growing Offshore Portfolio The Maritime Administration is on the move!

Featured Maritime Executives Passage of Alaska Gasline Inducement Act (AGIA) Turns up the Heat on the Oil Majors Oil producers are left with few options; one of which includes (the apparently objectionable task of) bringing trillions of cubic feet of enormously profitable "stranded" natural gas to market Read More>   Back to top Port of Houston Authority and Port of Galveston Sign Agreement for Development of New Container Facility Agreement represents the port's commitment to address long-term container capacity needs and to stimulate economic development for the Texas Gulf Coast region Read More>   Back to top Passenger Ship Grounding off the Alaskan Coast Spurs NTSB Investigation Incident is not the first for Empress of the North; all passengers safely evacuated Read More>   Back to top F. Brooks Royster III, Executive Director, MPA to be Guest Speaker at USMMA Chesapeake Chapter "Maritime Day Celebration" The Conference Center at the Maritime Institute (CCMIT) will host the meeting on May 22, 2007 at 1800 Read More>   Back to top Search Continues for 16 Missing After Ships Collide China will continue to search for missing South Korean cargo vessel crew "as long as there is one percent hope for the survival of the missing sailors" Read More>   Back to top AAPA News Release: U.S. Public Ports Welcome Much Needed Security Funds DHS announces $202 million in awards to 183 entities Read More>   Back to top Galveston Pilots Secure Increase in Rates Equating to About 10% Compromise tariff allows for maintaining current income distributions to pilots but allows for increase in fees to offset capital and operating expenses Read More>   Back to top San Francisco Bar Pilots to Receive Training from MITAGS 7-Day Advanced Pilot training Program designed to exceed State of California training requirements Read More>   Back to top Greek Oil Tanker Still Grounded Optimistic views of quickly refloating the Minerva Concert have waned, but the shipowner has not given up hope Read More>   Back to top Strategic partnership between SCHOTTEL and Frydenbø With effect from 31 March 2007, 15% of the shares in the SCHOTTEL Group have passed from former Chairman Dietrich W. Bork to Frydenbø Industri AS Read More>   Back to top TDC Security Alert: Lessons Learned From Plot to Attack Fort Dix, NJ Alleged terrorists also said to be considering other, softer targets, including a U.S. Coast guard base Read More>   Back to top Beele Engineering Assures Fire Safety for Yacht Express Dockwise Yacht Transport, the world's largest yacht shipper, is about to take delivery of a revolutionary special-purpose vessel, the Yacht Express Read More>   Back to top Norwegian University and Three Leading Norwegian-Based Maritime Companies Partner to Build Research Center Norwegian University of Science and Technology (NTNU) and Aker Yards, Rolls Royce Marine, and DNV have partnered to build an international competence center for research and education on the topic "sustainable design of ships for the future" Read More>   Back to top MacGREGOR Adds Service Specialist to Growing Offshore Portfolio Recent acquisitions by MacGREGOR -- part of the Cargotec Corporation -- include several companies working in the offshore support sector (Grampian Hydraulics, Hydramarine and Plimsoll), and the company has just added another to the portfolio: Vestnorsk Hydraulikkservice AS Read More>   Back to top The Maritime Administration is on the move! MARAD moves to new U.S. Department of Transportation building Read More>   Back to top

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