Thursday, June 17, 2010

MarEx Newsletter | Deepwater Horizon Update, Marine Money Week

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June 17th, 2010 Vol. 8, No. 41
The Maritime Executive - Online News Magazine, Newsletter and Business Journal. The Marine Industry's Most Widely Read Marine Newsletter and Worldwide Maritime Report for Commercial Shipping Executives. Click here for Corporate News and Press Releases

Deepwater Horizon Update June 17, 2010

Deepwater Horizon Update June 17, 2010

Numbers to Date:
•35,000-60,000 barrels or 1,470,000- 2,520,000 gallons are leaking from the well (Latest Federal estimate based on new and more accurate data)

•Up to 3.48 million barrels or 1.46 billion gallons have leaked from the well since the explosion April 20 (according to the new federal estimates).

•20.7 million gallons of an oil/water mixture have been ...

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A Crisis Management Fiasco

A Crisis Management Fiasco

The September 2007 edition of the Maritime Executive Magazine featured SEACOR Environmental Services (SES). In the edition Tony Munoz wrote "Big Oil, the Environmentalists, and a Crisis Management Paradox." Today, as BP deals with its own public relations fiasco over the Deepwater Horizon oil spill in the Gulf of Mexico, the MarEx dug into its archives to share the PR nightmare faced by Exxon 21 ...

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Mailbag June 17, 2010

Mailbag June 17, 2010

Mr. Schulze,

I read your article today in the MarEx Newsletter. The Economidies letter troubled me for its' series of misleading representations. Your response put good thoughts into clear words, well organized. Well done sir.

Working in the industry (including offshore) I have deeply divided thoughts.

First, it is my experience that most maritime and drilling ...

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Ship Accidents & Collisions June 17, 2010

Ship Accidents & Collisions June 17, 2010

Crane catches fire at the Port of Tampa

Tampa Fire Rescue responded to a 4-alarm fire at the Port of Tampa, where a conveyor belt caught fire Wednesday morning.

While the ships crew was unloading, the rubber in several conveyor belts caught fire and quickly engulfed the crane being used. Fire crews had trouble putting out the flames so ...

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Piracy & Ship Attacks June 17, 2010

Piracy & Ship Attacks June 17, 2010

Dutch court sentences 5 Somali pirates to 5 years

Five Somali Pirates were sentenced to prison Thursday for attacking a Dutch- Antilles- flagged cargo ship with automatic weapons and RPGs.

The cargo ship SAMANYULO was attacked in the Gulf of Aden in 2009, Danish marines thwarted the attack. The prosecutors asked for a 7-year sentence but the judge decided ...

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US Capital Markets Fuels Shipping Opportunity


1,000 Delegates at Marine Money Week, The annual shipping and capital markets conference in NYC Pierre Hotel, June 22-24, 2010

Since January 2010 there have been 42 public equity transactions brought to market by the international shipping industry. Of these, 55% have been brought to the NASDAQ or NYSE and the other 45% in stock markets around ...

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Alfa Laval wins groundbreaking orders for PureBallast from leading shipyards in Korea

Alfa Laval wins groundbreaking orders for PureBallast from leading shipyards in Korea

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received two orders of record size for Alfa Laval PureBallast systems from two leading ship yards in Korea. The systems will be installed on board 14 vessels built for A.P Møller – Maersk. The total order value is about 80 MSEK and the delivery is scheduled for 2011 and ...

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ESVAGT chooses Ulstein: Advanced standby vessel for the Goliat field

ESVAGT chooses Ulstein: Advanced standby vessel for the Goliat field

Danish shipping company ESVAGT has ordered a standby / rescue vessel of the Ulstein SX123 design. The vessel is a part of emergency preparedness in the Goliat field for operator Eni and will enter directly into a ten-year contract.

The vessel will be constructed at the shipyard Astilleros Zamakona SA in Bilbao, Spain.

"This contract with ESVAGT is very ...

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ECDIS Course Now Available at MITAGS in June, 2010

ECDIS Course Now Available at MITAGS in June, 2010

Electronic Chart Display and Information Systems (ECDIS) Course Now Available at MITAGS and at PMI

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 Voyage Planning Electronic Navigation (VPEN) Course results in satisfying all of the assessments required for Advanced Navigation. ...

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INTERTANKO Applauds European Sentences for Somali Pirates

INTERTANKO Applauds European Sentences for Somali Pirates

Recently, five Somali pirates were tried and sentence to five years imprisonment by the Rotterdam courts for the failed hijack of the "SANANYOLU."

This could turn out to be a landmark case, since apparently the crew did not attend to give evidence in person but provided written testimony, and also since the pirates apparently threw their weapons over the side but evidence ...

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International Maritime Prize 2009 Goes To Mr. Johan Franson (Sweden)

International Maritime Prize 2009 Goes To Mr. Johan Franson (Sweden)

The IMO Council, meeting for its 104th session, has agreed to award the International Maritime Prize for 2009 to Mr. Johan Franson (Sweden), for his contribution to maritime safety, security and prevention of pollution from ships.

The International Maritime Prize is awarded annually by IMO to the individual or organization judged to have made the most significant contribution to the work and ...

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Panama Canal Pricing Structure

Panama Canal Pricing Structure

Cabinet Council listens to shipping industry

The Cabinet Council of the Republic of Panama approved a proposal to modify the Panama Canal pricing structure yesterday, following a recommendation from the Panama Canal Authority (ACP) Board of Directors.

The proposal modifies the pricing structure for all Canal segments: container, dry bulk, liquid bulk, vehicle carriers, reefers, passenger, general cargo and ...

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