MarEx eNewsletter - June 10, 2010

Please Click Here if you are unable to view the newsletter June 10th, 2010 Vol. 8, No. 39 The Gulf of Mexico Oil Supply Disruption and National Job Losses by Dr. Michael J. Economides, Professor at the Cullen College of Engineering, University of Houston and Editor-in-Chief of the Energy Tribune Am I the only observer of the Gulf of Mexico oil spill that has kept a level head and a sense of balance? In the panic-stricken weeks following the disaster that started with the death of 11 people, alarmism in the ... Read More>>>Back to Top Deepwater Horizon Update June 10, 2010 Numbers to date: BP says its tab to date is $1.43 billion (including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs) BP claims ~15,000 barrels a day are being collected by containment cap (this is only a portion of the oil as live video from ... Read More>>>Back to Top Senate Committee Wrestles With Oil Spill Liability Issues by David Ingram at Law.com A private consultant for energy companies told Congress on Tuesday that any effort to rewrite oil spill liability laws retroactively would likely face a legal challenge based on breach-of-contract claims. W. Jackson Coleman, managing partner of EnergyNorthAmerica, said that if successful, those breach-of-contract claims could cost the federal government billions of dollars ... Read More>>>Back to Top Piracy & Ship Attacks June 10, 2010 Sri Lankan crew expected to soon be released Yemeni ship avoids pirate attack Crew Abandons Ship Piracy suspect in U.S. seeks to move trial 10 Accused Pirates to Face Trial in Europe Sri Lankan crew expected to soon be released Somali pirates have agreed to release ... Read More>>>Back to Top BLOODSTAINS Jeff Mudgett has written a new book named "Bloodstains" about his great, great grandfather that was a mass murder. It is an unbelievably fascinating book about a notorious killer that was never caught!! But, was hanged decades before?!! The book is in its final stages of publication and will be available very soon. The MarEx has included a "youtude" highlight for your ... Read More>>>Back to Top ECDIS Course Now Available at MITAGS in June, 2010 Electronic Chart Display and Information Systems (ECDIS) Course Now Available at MITAGS in June, 2010 ECDIS is a required part of the Advanced Navigation requirement for the Chief Mate/Master license. This USCG approved ECDIS course, when combined with successful completion of the MITAGS Voyage Planning Electronic Navigation (VPEN) Course results in satisfying all of the assessments required for Advanced ... Read More>>>Back to Top Lloyd's Register confirms commitment to Greek shipping ...and stresses need for the shipping industry to speak with a single voice in influencing industry regulation. 'Hellenic seafaring tradition important for future of the industry in Greece', says Hellenic Committee Chairman, Captain Panagiotis Tsakos, 'Greek shipping is one of the main pillars of our economic life and can show the way in our development and growth.' Lloyd's Register's ... Read More>>>Back to Top Failure to Appreciate American Consumers By Richard McPherson There is a fundamental term most politicians and other government employees seem to not understand. It is these three words: Gross Domestic Product Consumer spending is the largest component making up America's Gross Domestic Product (GDP). Consumers spend money ─ if they have it to spend. Consumer spending makes up around 71 percent of America's ... Read More>>>Back to Top THE UN-COMFORT ZONE with Robert Wilson June, 2010 You'll Know When You've Arrived During the 1996 Summer Olympics, I saw a young athlete with his brand new silver medal around his neck and a massive smile on his face. He was so thrilled with his achievement that he was mixing and mingling with everyone he met on the sidewalk. Perfect strangers were shaking his hand, slapping him on the ... Read More>>>Back to Top Smith Berger Provides Stainless Steel Chocks for T-AKE Class Vessels Smith Berger Marine, Inc. recently delivered Stainless Steel Chocks to the Military Sealift Command for installation on the T-AKE Dry Cargo Carriers AMELIA EARHART and the LEWIS AND CLARK. The Smith Berger Stainless Steel Chocks have highly polished contact surfaces and are designed for use with the ever increasing list of synthetic mooring and towing lines in service today. The Stainless Steel Chocks for T-AKE ... Read More>>>Back to Top Maritime Prime Movers, Contemporary and Futuristic Maritime Prime Movers, Contemporary and Futuristic by Louis Lemos As a radical alternative to sail or steam power, evolution of Diesel-Electric propulsion plants for marine applications can be traced back to the world's first Diesel-powered ship, the M.V. VANDAL, a 244 foot oil tanker, which, according to the Russian Maritime Register of Shipping, was designed under the direction of K. W. Hagelin ... Read More>>>Back to Top Wilhelmsen Ships Service Revolutionizes the Industry Wilhelmsen Ships Service re-defines traditional ships agency business Wilhelmsen Ships Service is introducing a key new offer into its range, which is set to change the way that ships agency services are provided. Service Agreements offer the customer the ability to use the same agent in handling their multiple port calls, replacing the prevailing custom of businesses dealing with ... Read More>>>Back to Top Formation of SeaTiger Capital Today it was announced that SeaTiger Capital (a Marshall Islands based company) has been formed by subsidiaries of SEACOR Holdings Inc. (NYSE symbol: "CKH")("SEACOR") and Tiger Group Investments, Ltd. ("TIGER"). SeaTiger Capital will provide structured financings and make financial investments in industries related to the strategic operating experiences of SEACOR and TIGER. Charles Fabrikant (Chairman and Chief Executive Officer ... Read More>>>Back to Top New Law for Maritime Sector in Dubai New Law will Bring Higher Levels of Quality and Excellence to the Maritime Sector in Dubai His Excellence Ahmed Butti, Executive Chairman of Dubai Maritime City Authority (DMCA): - "New law will help establish a "vibrant and safe maritime environment in Dubai" - General Manage of DMCA: "authority team preparing all necessary steps and implementation mechanisms for the ... Read More>>>Back to Top USCG Explosives Safety Guide EXPLOSIVES SAFETY GUIDE - RECOGNIZE, RETREAT, REPORT Just days ago, a 145 foot commercial fishing vessel operating in the vicinity of Hudson Canyon, located South of Long Island, New York dredged up 10 old (circa 1914) munitions canisters that contained mustard gas. One of the canisters broke open while it was being brought onboard the vessel and four crewmembers were exposed to ... Read More>>>Back to Top Mid-Atlantic Plebe Welcomes USMMA Class of 2014 Ahoy! Welcome Aboard Plebe Class of 2014 and Families, Kings Point Applicants, Alumni, Midshipmen, and Guests Mid-Atlantic Plebe Welcome USMMA Class of 2014 Get Acquainted with Classmates, Midshipmen, Kings Point Alumni, Maritime Professionals! Saturday June 12, 2010 – 10:00AM to 2:00PM hosted at The Maritime Institute of Technology and Graduate Studies (MITAGS) 692 Maritime ... Read More>>>Back to Top Click Here to Unsubscribe Copyright © 2010 The Maritime Executive. 3200 S. 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