Tuesday, June 22, 2010

MarEx Newsletter | Deepwater Horizon Update, Marine Money Week

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June 22nd, 2010 Vol. 8, No. 42
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

The Federalization of Energy

The Federalization of Energy

"The Times, They Are A Changing………"

An OPED by Tony Munoz, Editor-in-Chief of the Maritime Executive Magazine and the MarEx Newsletter

BP announced it has already spent $2 billion managing the GOM oil spill and compensating its victims ($105 million to 32,000 claimants). Well, in a laissez faire capitalistic environment where a company like BP announces 2009 total profits ...

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Deepwater Horizon Update June 22,2010

Deepwater Horizon Update June 22,2010

  • Federal estimate remains at around 60,000 barrels a day leaking from the well


  • Internal BP documents suggest that in the worst case scenario 100,000 barrels per day could spill into the sea. An estimate from May that they now claim was hypothetical and is now no longer relevant. The document was released Sunday by Rep. Edward Markey (D) of Massachusetts, chairman of ...

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World Class Maritime Piracy Experts Meet In London

World Class Maritime Piracy Experts Meet In London

Marseq has announced that the maritime security industry will meet at Combating Piracy Week on 11th – 14th October in London. Chaired by Captain David Cotterell, Director of Oil Companies International Marine Forum this meeting will ensure that preventative measures are updated and up to the minute hijack management strategies in place across the industry.

Together with sponsors Salama Fikira and other ...

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OMSA Optimistic About Today's Ruling to Remove Drilling Moratorium

OMSA Optimistic About Today's Ruling to Remove Drilling Moratorium

The Offshore Marine Service Association (OMSA), whose members are U.S. flag vessels that work in the offshore energy sector, reacted with optimism to U.S. District Judge Martin Feldman's ruling today to remove the Obama Administration's six-month moratorium on offshore drilling.

"Judge Feldman recognized that the potential for the ban to cause significant economic harm to our country and the Gulf Coast, not ...

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Bethel & Pennella Selected as 2010 AOTOS Recipients


Thomas J. Bethel (left) of American Maritime Officers and William A. Pennella (right) of Crowley Maritime have been selected as 2010 AOTOS Recipients. The awards will be presents at the United Seamen's Service 41st award dinner held in N.Y. on November 12, 2010.

The United Seamen's Service (USS) 2010 Admiral of the Ocean Sea ...

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Former Matson President and CEO Michael Wasacz Dies at Age 73

Former Matson President and CEO Michael Wasacz Dies at Age 73

Former Matson President and CEO Michael S. Wasacz died yesterday in San Francisco at age 73.

Wasacz's career with the company spanned from 1959 to 1990 and included eight years as president of Matson Navigation Company and two years as president of its parent company, Alexander & Baldwin, Inc., of Honolulu.

A native of a small coal-mining town, Olyphant, ...

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Jones Act Not Hindering GOM Clean-up Efforts

There has been "no case" where the federal government has refused use of foreign vessels in the Gulf oil spill clean-up because of the Jones Act, according to a statement released by the National Incident Command (NIC).

Some have criticized the Jones Act, which requires the use of American vessels for transportation in domestic commerce, for hindering the Gulf clean-up. Not true, ...

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5 Killed after Ships Collide off Northeast China

5 Killed after Ships Collide off Northeast China

Five sailors drowned and two more were missing after a Cambodian freighter collided with a Panamanian cargo ship and sank off northeast China's Liaoning Province early Sunday morning.

Nine crew members were aboard the Cambodian flagged HAIJUNG when the accident occurred in the Bohai Strait off Lushun. Crew form the Panamanian cargo ship JINGFENG pulled two crew members from the sunken Haijung ...

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Jensen selected for Final Design Work

Jensen selected for Final Design Work

Jensen Maritime Selected by Bollinger Shipyards for Final Design Work on New High-Bollard-Pull Ocean-Going Tugs

Jensen Maritime Consultants Inc. has been selected by Bollinger Shipyards Inc. to complete the final design drawings and specifications for two new 10,880-horsepower, high-bollard-pull, ocean-going tugboats.

The tugs are the beginning of a new-build program at Crowley Maritime Corporation to further enhance its ocean ...

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MITAGS & PMI Now Offering USCG Approved ECDIS Courses

MITAGS & PMI Now Offering USCG Approved ECDIS Courses

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

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34 Foss Vessels Win Safety Awards


Thirty-Four Foss Vessels Win Jones F. Devlin Safety Awards

Foss winners boast two to twelve years without a lost-time injury


Leiv Lea, Director of Global Towing & Transportation, accepts the award on behalf of Foss (Pictured).

Foss Maritime Company's commitment to safety has been recognized by a top maritime organization, which ...

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An Introduction to Bunkering Operations

An Introduction to Bunkering Operations

By Nigel Draffin M.I.Mar.E.S.T.

First Edition, 2010, Published by Petrospot Limited

Overview
It is often said that there is no substitute for on-the-job training, especially in areas such as bunkering operations, where practical, hands-on work is the norm. However, there are many in the industry who may never get their hands dirty on a bunker barge, oil terminal ...

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Kvichak Marine Delivers Response Boat for NYC Police Harbor Unit

Kvichak Marine Delivers Response Boat for NYC Police Harbor Unit

Kvichak Marine Industries, of Seattle, WA, has delivered a 44.5' X 13.7' Response Boat Medium – C for operation by the New York City Police Harbor Unit. This vessel is the sistership of the highly successful USCG Response Boat Medium. The NYPD Harbor Unit vessel has been customized to meet the Harbor Unit's mission for the successful prosecution of counter terrorism, law enforcement and search ...

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Marine Money International Announces Financial Performance Rankings

Marine Money International Announces Financial Performance Rankings

for the 100 Top Shipping Companies for 2009

The editors at Marine Money International, the leading trade publication reporting on the business of ship finance, are pleased to announce the Rankings of the best performing shipping companies for the year ending 2009. The results will appear in the June/July 2010 issue of Marine Money.

2009 was a year that ...

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