 | The Black Swan of the Supply Chain, Part 1
By: Dr. Jim Giermanski, Chairman Powers Global Holdings, Inc. Globalization creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words it creates devastating Black Swans. We have never lived before under the threat of a global collapse. Financial...
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 | Near-record Ice Melt in Arctic Clears Northern Sea Shipping Route
Russia’s environmental agency has reported that a near-record rate of Arctic ice melt has opened shipping lanes fit for cargo traffic between Europe and Asia. As of early August, Federal Hydrometeorological and Environmental Monitoring Service said that the Arctic ice cover was declining at a record low, and has opened an...
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 | Carnival Corporation Orders New Cruise Ships from Fincantieri and Misubishi
Carnival Corporation & plc announced it has reached agreements for the construction of three new cruise ships - one 132,500-ton vessel for its Costa Cruises brand and two 125,000-ton ships for its AIDA Cruises brand. The ships will be the largest ever constructed for these two cruise lines. A contract has been signed with...
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 | “Layered” Cargo Screening – How Does It Compare to 100%?
By Peter Kant, Executive Vice President, Rapiscan Systems Earlier this year, the Department of Homeland Security (DHS) made an announcement that surprised no one in the cargo and maritime industries – starting in 2012, the DHS would no longer mandate 100 percent cargo screening at ports. While 100 percent...
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 | ABB Wins $1 Billion Order for Offshore Wind Power Connection
HVDC Light transmission link will connect North Sea wind farms to German power grid ABB, the leading power and automation technology group, has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland...
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 | Sunken Ship Forces Trans-Asia to Suspend All Ship Operations
After the sinking of MV Asia Malaysia over the weekend off the coast of Iloilo, all cargo and passenger vessels of Trans-Asia Shipping Lines were barred from operation for one week pending inspections and completion of additional safety requirements. The Maritime Industry Authority (MARINA) was instructed to temporarily suspend...
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 | Authorities to Probe How Vessel that Ran Aground Near Mumbai Evaded the Radar
Panama-flagged oil tanker, MT Pavit, ran aground near Juhu Beach following engine failure and flooding of its engine room, and has been beached there since Sunday, finally floating on Tuesday. The state is now ordering a probe into the incident. The directorate-general of shipping (DGS) inquiry will look into how MT Pavit was...
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 | Maritime Injury Attorneys Urge Victims of the Deepwater Horizon Explosion to Protect Themselves
One year and three months after the deadly explosion onboard the Deepwater Horizon, serious questions remain as to whether or not BP and Transocean have learned their lessons. Over the past few weeks, the oil companies have been attempting to settle claims with workers who were seriously injured during the explosion for less than 1...
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 | WHOI Study Reports What Happened to the Oil from the Deepwater Horizon Spill
More than a year after the largest oil spill in history, perhaps the dominant lingering question about the Deepwater Horizon spill is, “What happened to the oil?” Now, in the first published study to explain the role of microbes in breaking down the oil slick on the surface of the Gulf of Mexico, Woods Hole Oceanographic...
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 | Book Review: Legal Issues in Bunkering
Legal Issues in Bunkering:
An Introduction to the Law Relating to the Sale and Use of Marine Fuels By Trevor Harrison
First Edition, July 2011
Published by Petrospot Limited
PP 201 + 36 prelims. £75 / €90 / $125 +...
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 | MITAGS-PMI New Course Dates for Introduction to Environmental Regulations
Do you know the definition of
NPDES, MARPOL, VGP, or NOI? MITAGS-PMI New Course Dates for “Introduction to Environmental Regulations in the Maritime Industry –EPA General Permit for Commercial Vessels” With the introduction of the Vessel General...
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 | BOEMRE Initiates Study on Regulating Worker Safety in Offshore Renewable Energy Operations
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced it has contracted with the National Research Council’s Marine Board to conduct a study on regulating worker safety in connection with the development of offshore renewable energy on the Outer Continental Shelf (OCS). The project will be...
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 | United States Coast Guard to Celebrate 221st Birthday
Coast Guard men and women nationwide are making plans to celebrate the service’s 221st birthday Thursday in a variety of ways. This includes the 6,000 active-duty, reserve, auxiliary and civilian members of the 9th Coast Guard District’s 75 units throughout the Great Lakes region. Media interested in...
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 | Sembcorp Marine's Jurong Shipyard Signs $444 Million Contract for Jackup Rigs
Sembcorp Marine's subsidiary Jurong Shipyard has signed two turnkey contracts worth a total of US$444 million to build another two jackup rigs for a subsidiary of Noble Corporation which had chosen to exercise the two rig options ahead of its original expiration date. In addition to these two rig options which were granted in...
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 | Resolve Salvage & Fire Begins Removal of Wrecks at Kankesanthurai Harbor, Sri Lanka
Following an agreement between the Government of India and the Government of Sri Lanka, RESOLVE Salvage and Fire (Asia) Pte Ltd.(RESOLVE), a subsidiary of U.S. - based RESOLVE Marine Group, Inc., has commenced the removal of six vessel wrecks that were sunk in Kankesanthurai Harbor (KKS) between 1994 and 1996 during the...
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 | General Dynamics Awarded $17 Million Contract from U.S. Navy
The U.S. Navy has awarded General Dynamics Electric Boat a $16.6 million contract to support nuclear aircraft carrier repair work at Norfolk Naval Shipyard in Portsmouth, Va. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the terms of the contract, Electric Boat will provide about 100...
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 | Eni Makes New Natural Gas Discovery Offshore Ghana
Eni has announced that it has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame I well. The well is located in the OCTP block 50km off the Ghanaian shoreline. It was drilled in 519 meters of water, was drilled to a total depth of 3,349 meters and encountered significant thickness of gas and condensate sands...
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 | Mike Toohey Named Waterways Council President & CEO
Waterways Council, Inc.’s (WCI) Board of Directors unanimously elected Mike Toohey as the organization’s President and Chief Executive Officer. Mr. Toohey will assume his duties effective August 14. With more than 30 years of federal government expertise, Mr. Toohey most recently served as...
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 | Seacor Holdings Inc. Announces Filing of Registration Statement for Initial Public Offering of Era Group Inc.
SEACOR Holdings Inc. (NYSE: CKH) ("SEACOR") today announced that Era Group Inc. ("Era"), its wholly-owned subsidiary, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. Era is one of the largest helicopter operators in...
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 | Veson Nautical's IMOS Software is Integrated with Vessel Questionnaire System
Veson Nautical and Heidenreich Innovations LLC ("Q88.com") announced today the completion of a project to integrate Veson Nautical’s IMOS (Integrated Maritime Operations System), with Q88.com’s vessel questionnaire system. Veson Nautical’s IMOS provides an innovative approach to organizing and...
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