MarEx eNewsletter - October 29, 2009

October 29th, 2009 Vol. 7, No. 43 California Dreamin' or West Coast Nightmare? MarEx asks MARAD if new ship disposal policy on the West Coast represents mere pandering to California politicians or rather a sea change for all MARAD controlled obsolete tonnage. Last week's Department of Transportation announcement that its Maritime Administration (MARAD) had awarded – for the first ... Read More>>>Back to Top MarEx Mailbag: The mailbag is heavy this week as MarEx readers respond to a variety of articles from our previous online editions. Last week, our lead editorial referenced various variables and pressures now in play that could help preserve or perhaps hinder the effectiveness of the Jones Act. The ... Read More>>>Back to Top Cosco's Charismatic Captain Wei Jiafu Weighs In Cosco's chief executive upbeat and optimistic about future despite lingering sub-par market conditions. Cosco and China well-positioned for recovery to come, he says. The National Press Club, Washington: Against a backdrop of sharply reduced profits, wide exposure to a dismal container shipping market and a slowly recovering ... Read More>>>Back to Top GalTex Pilots Rate Hearing Cancelled Illness of pilot board chairman forces delays. No new date yet announced. The Board of Commissioners of Pilots for the Ports of Galveston County cancelled the meeting scheduled for Monday, November 2 to continue a public hearing on new rate adjustments requested by the Galveston-Texas City Pilots. ... Read More>>>Back to Top Featured MarEx Print Article: THE WASHINGTON INSIDER by Larry Kiern Taken from our latest print edition, featuring SMIT Salvage executives on the cover, MarEx columnist Larry Kiern provides his usual insight into the politics and legislation happening in Washington that particularly affects the maritime industry. The Winston & Strawn partner this ... Read More>>>Back to Top ELAA's Bourne Assesses Liner Shipping on the European Trades Post-Conferences Speaking at the Global Shipping Summit in Dalian last week, ELAA's Executive Director Chris Bourne outlined the challenges his Members face in the current poor trading environment, co-incidental with the EU's abolition of liner shipping conferences. Chris Bourne first made it perfectly clear that the abolition of ... Read More>>>Back to Top MARAD Briefs: U.S. Maritime Administration announces change in policy to clean up Suisun Bay Reserve Fleet and Acting Maritime Administrator approves LNG deepwater application. • DOT Deputy Secretary John D. Porcari Announces Plan to Clean Up Suisun Bay Reserve Fleet; Department prioritizes 25 ships in worst condition for cleaning. ... Read More>>>Back to Top Annual MARLO Conference 12-13 DEC 09 The annual MARLO Reception and Maritime Conference will be held from 12-13 December 2009 in Dubai, UAE. The reception will take place on the evening of the 12th, and the conference and lunch will take place on the 13th. The venue for all events is the Raffles Hotel in Dubai, ... Read More>>>Back to Top PLANETDATA / MARITIME SECURITY NEWS PlanetData - The Security News Network is a free news and information resource focused on maritime, global, corporate, cyber, homeland and aviation security, law enforcement and intelligence. PlanetData hosts timely and comprehensive content gathered from over 1,000 online sources, as well as from our editors, contributors and members. This newsletter ... Read More>>>Back to Top U.S. Department of Transportation Briefs: DOT Weighs in on "Medical Marijuana" and reinforces the message of "Safety First" for owners and operators of pipeline systems and other freight and commodity transporters • DOT's Jim L. Swart from the Office of Drug and Alcohol Policy and Compliance issues clarifying notice in response to ... Read More>>>Back to Top 2009 LLOYD'S REGISTER Educational Trust Maritime Technology Student of the Year Webb Institute Graduate Andrew Harville Recognized For Study of Efforts To Reduce Staten Island Ferry System Pollution. PROVIDENCE, RHODE ISLAND (USA), OCTOBER 23, 2009 – Andrew Harville, a recent graduate of the Webb Institute, was recognized today as the 2009 winner of The Lloyd's Register Education Trust ... Read More>>>Back to Top Cummings Assists Passage of Coast Guard Funding Bill Authorization will give USCG $10 billion, allowing increased staffing, new equipment for lifesaving and homeland security. (Washington, DC) – Congressman Elijah E. Cummings today assisted in the U.S. House of Representatives passing of H.R. 3619, the "Coast Guard Authorization Act of 2010." Congressman Cummings was "floor manager" ... Read More>>>Back to Top Financial Reporting Requirements Undergo Further Change International accountant and shipping consultant Moore Stephens has warned that changes to international financial reporting requirements could lead to alterations in the way in which shipping companies prepare their accounts. Moore Stephens Technical Partner David Chopping says, "A few years ago, the International Accounting Standards Board (IASB) ... Read More>>>Back to Top Department of Justice: Ship Operator Pleads Guilty for Concealing Pollution Panamanian Company Will Pay $1.25 Million for Vessel Pollution Crimes Wednesday, October 21, 2009: A Panamanian company that operated a 40,000-ton oil tanker ship that regularly made calls in multiple ports in Texas pleaded guilty today in federal court in Houston for deliberately concealing pollution discharges from ... Read More>>>Back to Top Admiralty Rule B Update - EFTs No Longer Subject to Attachment Philip C. Brickman, partner at Fowler Rodriguez Valdes-Fauli law firm, weighs in on U.S. Second Circuit Court of Appeals' significant ruling concerning the attachment of electronic fund transfers ("EFTs") pursuant to Rule B of the Supplemental Rules for Admiralty or Maritime Claims and Asset Forfeiture Actions ("Supplemental Rule B" or ... Read More>>>Back to Top Maritime Casualties--October 29, 2009 Navy Destroyer Collides with Commercial Vessel Japanese navy destroyer, JS Kurama, collided with a South Korean freighter off southern Japan Tuesday night, setting ablaze both ships and injuring three crew. JS Kurama collided with the 7,400-ton commercial vessel, Carina Star in the Kanmon Strait ... Read More>>>Back to Top KP Chesapeake Veterans Day Maritime Dinner Program – Wed Nov 11, 2009 Nov 11, 2009 Wed. (MITAGS-Baltimore) KP Chesapeake Veterans Day Maritime Dinner Program 5:30PM Location: The Conference Center at the Maritime Institute, 692 Maritime Boulevard Linthicum Heights, MD 21090 / Tel: (866)-629-3196 Web: http://www.ccmit.org Agenda: 4:30PM: Hosted tour - MITAGS Simulator Technology ... Read More>>>Back to Top MITAGS to Host SOCP Meeting Next meeting of Ship Operations Cooperative Program to be held at MITAGS in Linthicum, MD on November 10-11, 2009. Former U.S. Maritime Administrator Sean Connaughton to give keynote address. Agenda of the next SOCP meeting will focus on the theme of: Air Emissions in the Maritime Industry. ... Read More>>>Back to Top WATERWAYS COUNCIL, Inc. Names Officers and Directors At Waterways Council, Inc.'s (WCI) Annual Meeting and Board of Directors Meeting held October 12, 2009 in New Orleans, the following officers and Executive Committee members were elected to serve or continue service for 2009-2010: - Richard R. (Rick) Calhoun, Cargo Carriers, Chairman - Cornel Martin, ... Read More>>>Back to Top EMAIL UNSUBSCRIBE Copyright © 2009 The Maritime Executive. 3200 S. Andrews Avenue, Suite 100 Fort Lauderdale, FL 33316