Tuesday, July 27, 2010

MarEx Newsletter | Hayward Steps Down, Bourbon Confirms $545 Million Ship Sale

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July 27th, 2010 Vol. 8, No. 53
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

OP ED's by MarEx's Editor-in-Chief

OP ED's by MarEx's Editor-in-Chief

While Tony's on a well deserved vacation we thought we'd share some of his recent OP-ED's with you in case you missed them.

Click on the titles to read the full article.

Beyond Petroleum.....A Global Impetus for Clean Energy

While the U.S. struggles with its oil spill crisis in the Gulf, which will bring about ...

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Bourbon Confirms Sale Of $545M Worth Of Ships To Genco Shipping

Bourbon Confirms Sale Of $545M Worth Of Ships To Genco Shipping

"In connection with our new BOURBON 2015 strategy, which will make the group the world leader in offshore marine services with a fleet of 600 vessels by 2015, we announced that the US$ 2 billion investment program would be financed by asset sales in the amount of 500 million euros, mainly in 2010," says Jacques de Chateauvieux, BOURBON Chairman & Chief Executive Officer. "This sale ...

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Seychelles Sentences 11 Somali Pirates To 10 years In Prison

Seychelles Sentences 11 Somali Pirates To 10 years In Prison

Eleven Somali pirates have been sentenced to a decade in prison in the Seychelles for attempting to hijack a coast guard boat last December.

Eight accused were sentenced for committing an act of piracy and three others for aiding and abetting an act of piracy. The sentences mark the first time Seychelles has prosecuted and convicted pirates.

Another 29 ...

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Oil Giant Fined for Shipping Sludge to Ivory Coast

Oil Giant Fined for Shipping Sludge to Ivory Coast

A Dutch court on Friday imposed the maximum fine of 1 million Euros, or $1.28 million, on the oil trading company Trafigura for illegally exporting highly toxic sludge that was dumped off the Ivory Coast. The stinking waste was eventually linked to the deaths of 16 people and thousands of illnesses in 2006.

The court also found the company guilty of covering ...

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Ship Made of Recycled Bottles Completes Voyage Across Pacific Ocean

Ship Made of Recycled Bottles Completes Voyage Across Pacific Ocean

The crew of the Plastiki hopes their journey draws attention to the global garbage problem.

A 60-foot catamaran made out of plastic bottles completed a four-month journey across the Pacific Ocean Monday, an adventure to raise awareness about the widespread problem of plastic pollution.

Expedition leader David de Rothschild and five other crewmembers sailed their boat, the Plastiki, under ...

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Gulf Coast Joins Together Against Drilling Moratorium

Gulf Coast Joins Together Against Drilling Moratorium

Mounts Washington, DC, Advertising Campaign To Fight Back Against Drilling Ban

A new organization composed of Louisiana businesses, organizations and individuals -- Gulf Citizens United (GCU) -- has been formed to raise a unified voice against the oil drilling moratorium on the Gulf Coast. Specifically, GCU has been created "for the purpose of furthering the common good and general welfare of the ...

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Women of the Storm Launch Campaign to Restore the Gulf

Women of the Storm Launch Campaign to Restore the Gulf

In the face of the Gulf oil spill and in response to ongoing coastal restoration needs, the Women of the Storm, a non-partisan, grassroots organization formed in New Orleans and South Louisiana in the wake of Hurricane Katrina, are planning the launch of a campaign to Restore the Gulf. A grassroots initiative to secure long-term funding to restore and protect the Gulf Coast and area ...

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Deepwater Horizon Update July 27, 2010

Deepwater Horizon Update July 27, 2010

Hayward steps down, BP released the following statement today:
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley.

BP chairman Carl-Henric Svanberg said: "The BP board is deeply saddened ...

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Cruise Ship Passenger Killed in Italy as Gangway Collapses

Cruise Ship Passenger Killed in Italy as Gangway Collapses

A 62-year-old woman boarding an MSC Cruises vessel in Genoa, Italy on Saturday was killed when the gangway to the ship collapsed.

The metal walkway to the 3,300-passenger MSC Splendida crashed more than 30 feet into the sea, taking the woman and another passenger with it.

The woman, Maria Mercedes Bonastre from Barcelona was killed instantly when her head ...

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Michelle Obama Christens USCG Ship

Michelle Obama Christens USCG Ship

First Lady Michelle Obama, and Homeland Security Secretary Janet Napolitano, right, join guests at the christening ceremony for the third U.S. Coast Guard National Security cutter Stratton (WMSL 752) Friday, July 23, 2010 in Pascagoula, Miss.

It took First Lady Michelle Obama two swings to smash open the sparkling wine she used to christen a ship in honor of the Coast Guard's ...

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Simmons & Companys Reports $1 billion in Transactions

Simmons & Companys Reports $1 billion in Transactions

Despite a financial meltdown and the collapse in oil prices, Simmons & Company International Limited announced yesterday that the firm has closed twenty deals with a total transaction value of $1 billion in 2009/2010.

The Aberdeen-based specialist corporate finance advisers to the energy industry announced the healthy deal figures despite a financial year which suffered from the global economic crisis and a ...

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APU To Conduct Graduate Degree Orientation At MITAGS

APU To Conduct Graduate Degree Orientation At MITAGS

Glen Paine, Executive Director of the Maritime Institute of Technology and Graduate Studies (MITAGS), announces that American Public University System (APUS) will conduct a Graduate Degree Orientation Seminar at the MITAGS campus at 7 P.M. on Wednesday, August 11th, 2010. All Previous and Current CMM Program Students are invited to attend this career changing seminar.

APUS has agreed to allow transfer of ...

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Resolve Maritime Academy Introduces Hazwoper Training

Resolve Maritime Academy Introduces Hazwoper Training

Resolve Maritime Academy has introduced a new oil spill hazwoper training program at their Port Everglades facility at 3391 S.E. 14th Avenue, Fort Lauderdale, FL 33316. Enrollment for a 40-hour Hazwoper Course is now open; the Course begins Monday,August 16. The Hazwoper Oil Spill Training Program includes several courses:

• 4-Hour 1st Responder Awareness Course
• 8-Hour HAZWOPER Refresher Course

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Sen. Lautenberg Introduces Bill to Create 21st Century Freight Transportation System

Sen. Lautenberg Introduces Bill to Create 21st Century Freight Transportation System

The Freight Act of 2010 aims to make ship-to-rail transfers rail safer, more efficient.

Frank Lautenburg cosponsored a bill which would direct the Department of Transportation to enhance travel-time reliability, cut carbon dioxide emissions by 40 percent by 2030 and reduce delays in shipping goods that enter the country via container ships and then transferred to rail cars.

U.S. ...

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Calcium Carbonate to be Tested in Gulf for Oil Spill Clean Up

Calcium Carbonate to be Tested in Gulf for Oil Spill Clean Up

Texas Wyoming Drilling, Inc. a diversified gold, mineral and rock mining company, announces that they are shipping calcium carbonate to the Gulf States to test its effectiveness in cleaning up the oil spill. Global Communications of New Orleans has been commissioned to represent TWDL in the entire coastal region and they will supervise the tests for BP. TWDL's product, recently named ZorbagreenZ, is a granular ...

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Crowley Transporting Steel Buildings to Help Haitians

Crowley Transporting Steel Buildings to Help Haitians

1,500 temporary homes to Port-au-Prince

Crowley Maritime Corporation continues to work with relief and commercial organizations to provide goods and materials needed by Haiti residents in the aftermath of January's major earthquake. Most recently, Crowley began transporting emergency housing units for Steel Elements International, LLC to homeless families. Shipped in 20-foot containers and packaged as building sets, the homes are assembled ...

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Natural Gas Found in Marcellus Shale Region Worth $6 Billion

 Natural Gas Found in Marcellus Shale Region Worth $6 Billion

"New Study Finds Natural Gas in Marcellus Shale Region Worth 280,000 Jobs, $6 Billion in Government Revenue."

Natural gas production in the Marcellus Shale region—if developed—could create 280,000 new American jobs and add $6 billion in new tax revenues to local, state and federal governments over the next decade, a new study released today finds.

"One of the biggest ...

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Shipbuilding Resumes at Birkenhead's Cammell Laird

Shipbuilding Resumes at Birkenhead's Cammell Laird

Shipbuilding has returned to the banks of the River Mersey, as work begins on an aircraft carrier at Cammell Laird.

More than 350 people are working on the HMS Queen Elizabeth, at the Birkenhead shipyard, who secured the £44m contract from Ministry of Defense in January.

It is an important occasion for the ship building company, which in 2000, ...

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