Saturday, October 8, 2011

MarEx Newsletter | U.S. Cargo Preference in the Crosshairs, Piracy Costs Shipping Industry $9 Billion

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U.S. Cargo Preference in the Crosshairs

By Tony Munoz, editor-in-chief of the Martime Executive magazine and the MarEx e-Newsletter.

Recent GAO Report Highlights Inefficiencies

The Government Accounting Office (GAO) issued a June 2011 report about the high cost of the U.S. Food Aid program due to the requirement that preference be given to U.S.-flag carriers. The report said that U.S. taxpayers are paying an estimated $140 million each year in preferential transportation costs.

In fiscal 2010,...
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Corporate News Press Releases
Pirates Cost Shipping Industry $9 Billion Despite Security Measures

By MarEx Staff

Piracy is a looming fear haunting the maritime community at large.  With the increasing frequency of attacks, more hot spot locations, bolder tactics, hiking ransom rates, and the end of the typhoon season upon us, it would seem that piracy is as much of an imminent danger as ever.  To...
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Grounded Ship off New Zealand Continues Leaking Oil

New Zealand authorities are bracing themselves for an environmental catastrophe as the containership that hit a reef earlier this week, the “Rena”, continues to leak heavy fuel oil into the ocean, now leaving a 3 mile long oil slick about 12 nautical miles from the Tauranga Harbour.

The Rena struck the Astrolabe...
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Keppel Corp. Confirms Fatal Shipyard Disaster

"It is with deep regret that we confirm an incident has happened at Keppel Subic Shipyard in the Philippines today, 7 October 2011 at around 10.20am in the morning.

The incident occurred at a dock where a vessel was being repaired. A stern ramp fell on a scaffolding underneath a ramp where the workers were working. As a...
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September/October Edition On the Streets

The Right Stuff

Marine salvage companies are the emergency responders of the world’s oceans, and there is nothing routine about working in or around a vessel in distress, where a seemingly normal salvage job can turn life-threatening in an instant. Just ask Resolve Marine’s President &...
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MarEx Linkedin Expands to 16,150 Verified Members

Maritime Executive’s Linkedin group has grown to 16,150 members, making it one of the most influential business social media groups today in the industry.

Maritime Executive membership is certified by the Linkedin organization and all applicants are screened by the MarEx staff to ensure...
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Police Begin Missing Person Investigation at Statoil Platform

The police are going to Visund today, and have started investigations after a 48-year-old man was reported missing from the Visund platform on Thursday.

The Joint Rescue Coordination Centre has finished its search, but Statoil is continuing to look for the missing man using helicopters and boats. A search-and-rescue dog from...
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VIDEO: Industry Campaign Hits the Big Screen in Battle Against Somali Piracy

SOS SaveOurSeafarers, a high profile, shipping industry anti- piracy campaign is taking its message to celluloid with the launch of a short video highlighting the human and economic cost of Somali piracy.

The six-minute video was launched this week at the Safety4Seainternational maritime security conference in Athens and...
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Wärtsilä to Equip First U.S. Flagged LNG OSV, Makes Huge Donation to SUNY Maritime

Wärtsilä to Equip First U.S. Flagged LNG Offshore Vessel

Wärtsilä, the marine industry's leading gas solutions provider, will deliver an integrated propulsion system based on the use of LNG for two offshore support vessels for operation in the Gulf of Mexico. This is the first...
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Harvey Gulf Signs Contracts to Build First U.S. Flagged LNG-Powered Vessels

Harvey Gulf International Marine became the first U.S. vessel operator to contract for construction of vessels capable of operating exclusively on natural gas.  The agreement is for two, 302’ X 64’, Dual Fuel Offshore Supply Vessels, with an option for a third.  The contract was signed with Trinity Offshore, which...
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Rotary and Mercy Ships Partner to Deliver Vital Medical Care to West Africa

A new strategic partnership between Rotary International and the global charity Mercy Ships will improve the delivery of vital health care services throughout West Africa.

Through the partnership, The Rotary Foundation, Rotary’s charitable arm, will provide grants to Rotary clubs and districts to assemble vocational...
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Fincantieri Signs New Contract With UAE

Fincantieri, on the occasion of the visit of the Minister of Economic Development - Paolo Romani - to the United Arab Emirates, has signed a new contract within the framework of the program currently in progress with the UAE Navy.  The new contract covers further activities related to qualifying and testing the integrated vessel with...
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Royal Caribbean Cruises Ltd. Winner of NAMEPA’s Marine Environment Protection Award

Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA), announced that the world’s second largest cruise company, Royal Caribbean Cruises, Ltd., is the recipient of NAMEPA’s 2011 Marine Environment Protection Award.  The award will be presented at NAMEPA’s Awards...
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The New Generation: Jotamastic 90

Leveraging cross-industry knowledge and experience to deliver optimal anticorrosive coatings, Jotun once again widens the technology gap with Jotamastic 90 — a step change in high-tech surface tolerant coating solutions.

Jotamastic is the leader in advanced epoxy mastic technology. 25 years of experience in both marine...
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SOCP to Host Meeting and Anti-Piracy Training Demonstration in November

Joint MARAD/SOCP Anti-Piracy Training and Technology Demonstration

November 1st, 2011

at Baltimore Harbor, Maryland

The Ship Operations...
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Jensen Appoints Daniel Babcock to Management Role

Jensen Maritime, a Crowley Maritime Corporation company, has appointed Dan Babcock as manager of business development, reporting to Johan Sperling, vice president of Jensen. In this position, Babcock is responsible for business development in support of the organization's growth strategies. Camilla Oding, who was recently appointed...
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