Thursday, September 22, 2011

MarEx Newsletter | $44 Million Payout For SF Bay Oil Spill, Carnival Cruise Passenger Dies In Bermuda

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$44 Million Payout Agreement for San Francisco Bay Oil Spill

Four years later after the disastrous San Francisco Bay Oil Spill in ’07, companies are finally being held responsible by local, state and federal officials for the damage inflicted onto the environment at the price of US$44 million.

The Cosco Busan oil spill occurred on November 7th, 2007 and spilled 53,000 gallons of oil into the ocean after a containership owned by Regal Stone Ltd. and operated by Fleet Management struck the San Francisco-Oakland Bay Bridge in foggy conditions, spurring one of the worst ecological disasters of the region.  A 211-foot long...
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Corporate News Press Releases
Carnival Cruise Ship Passengers Dies in Bermuda

According to reports by the Royal Gazette, a passenger of the Carnival Cruise Lines’ Fantasy ship has died while visiting during an island visit in Bermuda, one mile offshore while snorkeling. 

The 79-year-old tourist was confirmed to be a U.S. citizen by Meyer Shipping, but his identity has not been disclosed. ...
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OP-ED: FELA Does Not Require Proximate Cause To Be Proven For a Finding Of Liability Against an Employer

by Philip C. Brickman, Partner, Fowler Rodriguez Valdes-Fauli

Although this case refers to railroad carriers and not vessel carriers, the case is very relevant to the maritime industry because the Jones Act incorporates the Federal Employer’s Liability Act (FELA) by reference for...
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MARAD's Orlando Gotay Abruptly Resigns

The Maritime Administration Deputy Administrator Orlando Gotay left his position abruptly on Friday. The agency did not give a reason for the departure.

The Puerto Rico native was with Marad since late 2009, and officially became the agency’s chief operating officer in June 2010. Before joining the government, he was...
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Indonesian Piracy Attack Deterred Off Malaysia, 6 Men Detained

AFP reports that Malaysian maritime authorities have arrested and detained six alleged Indonesian pirates after they attempted to rob a ship in the Strait of Malacca early Sunday morning.

Maritime Enforcement Agency chief, Admiral Zulkifli Abu Bakar, told AFP that the Indonesian suspects were located by patrol arms of Malaysian...
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Drilling Suspended On Canadian Rig Due to Synthetic Mud Spill

Canadian Oil Company, Husky Energy, controlled by Hong Kong billionaire Li Ka-shing has had to suspend their drilling operations on Tuesday off of Eastern Canada after approximately 5,000-liters of synthetic mud discharged at the White Rose oilfield.

The Husky Energy rig, about 350-km from Newfoundland, has been spilling...
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Saudi Arabia Combats Piracy By Giving Boost to IMO Djibouti Code Trust Fund

​Saudi Arabia has made a significant contribution to the IMO Djibouti Code Trust Fund, giving a welcome boost to the IMO-led project to implement the Code of Conduct concerning the Repression of Piracy and Armed Robbery against Ships in the Western Indian Ocean and the Gulf of Aden signed in Djibouti in January 2009 (Djibouti Code of...
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U.S. Repeals "Don't Ask, Don't Tell", Coast Guard Responds

Beginning Septemer 20th, the policy governing the service of gay and lesbian members – commonly referred to as “Don’t Ask, Don’t Tell” – has been repealed. Now implemented, the repeal allows gay and lesbian Americans to serve openly in the military.

Coast Guard Commandant Adm. Bob Papp and...
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Nordic Investment Bank Finances Anholt Offshore Wind Farm

The Nordic Investment Bank (NIB) and Danish energy company DONG Energy have signed a loan totalling EUR 240 million (DKK 1.8 billion) for financing the Anholt offshore wind farm.

The loan has a maturity of 10 years and will...
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Congressional Hearing to Focus on Inland Waterways Transportation System

A Congressional hearing on Wednesday will focus on the importance of the nation’s system of inland waterways, and the challenges in maintaining this aging but economically important transportation system.

The U.S. Inland Waterways Transportation System is the nation’s most cost-effective and energy efficient means...
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ExxonMobil, Greek Ship Owners Celebrate 50-Year Partnership

ExxonMobil Marine Lubricants and the Greek Group, a collection of likeminded Greek shipping families, celebrated a 50-year business partnership this summer, representing the oil company’s longest-running supply agreement with a Marine customer organisation.

Chris Fertig Of Maersk Attempts to Break the Bermuda Challenge World Record

Maersk:  We are excited to announce that Chris Fertig of Maersk Line, Limited (MLL) is competing for the Bermuda Challenge World Record leaving on his boat, the TDI CLEAN DIESEL from Liberty Harbor Marina in New York at 9:30 a.m. on September 21, 2011. 

Created by the Boating Magazine in 1994, the Bermuda...
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VIDEO: Marlink and Sea Tel Team Up For Project Kaisei Expedition

Marlink, the world’s largest provider of maritime satellite communications, has teamed up with leading antenna manufacturer Sea Tel to provide satellite communications support to Project Kaisei for a third expedition. Set-up by Ocean Voyages Institute of California in 2008, Project Kaisei seeks viable solutions to the growing...
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GE Selected For World's Largest FLNG Project

A breakthrough for tapping into stranded gas reserves in remote sites-- project expands GE's growing presence in Australia's oil and gas sector.

GE Oil & Gas has entered into an agreement with Technip to supply two steam turbine-driven compressors for the Shell Prelude Floating Liquefied Natural Gas (FLNG)...
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SAMI Welcomes IMO Progress On the Use of Armed Security Personnel On-Board Ships

The Security Association for the Maritime Industry (SAMI) welcomes the IMO’s progress on its revised guidance and recommendations for the use of privately contracted armed security on-board ships. Following last week’s Intersessional Maritime and Piracy Working Group, the IMO has released new guidance and recommendations on...
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Cargotec Secures EUR 25 Million Order With MacGregor From South Korea

Cargotec has confirmed new orders worth around EUR 25 million to deliver MacGregor hatch covers,  lashing bridges and fixed lashing gear for eleven 8,800 TEU container ships being built by Sungdong Shipbuilding & Marine...
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