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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