Tuesday, February 21, 2012

MarEx Newsletter | Opinion: The MARAD Dust Bowl of 2013, Somali Pirates Hijack Cargo Ship Off Oman

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Opinion: The MARAD Dust Bowl of 2013

The Grapes of Wrath


By Tony Munoz, Editor-in-chief, The Maritime Executive Magazine & the MarEx Newsletter 

The 2013 Maritime Administration budget is a saga of the transformation of an entire nation and the hard realities of the “Haves and Have-Nots.” The once-proud Maritime Administration now dwells in cellar-status within the sixth largest agency of the federal government while its insufficient budget of $344 million becomes a footnote in the Obama Administration’s...
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Corporate News Press Releases
UAE Cargo Ship Hijacked Off Oman, Somali Pirates May Have Needed Ship Repair & Parts

Maritime security officials have confirmed that MV Leila, built in 1973, was hijacked by Somali pirates last week. The International Maritime Bureau reports that the vessel was captured off Oman. The roll on/roll off cargo ship is owned and operated by UAE shipping company, New Port Cargo & Shipping. The captured ship is believed to...
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Indian Ships To Lose Insurance After EU Sanctions Against Iran

Sources report that Indian shipping firms will now have difficulty getting replacement insurance coverage to continue importing Iranian crude oil after the new European Union (EU) sanctions go into effect.

The Shipping Corporation of India is the country’s largest tanker owner. They will lose EU insurance for all of its...
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Prospects for Marine Reciprocating Engines to Operate on Stored Heat

By Harry Valentine

An earlier article focused on the prospects of using stored heat to energize a closed air/gas turbine engine driving electrical...
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UPDATE: Italian Crew Questioned in Shooting Deaths of Two Indian Fishermen

Update: February 21, 2012

Today, the Italian navy guards of the Enrica Lexie filed a plea asking the Kerala High Court to reject the FIR against the two accused in the fishermen killing case. Reports state that a senior Supreme Court lawyer is ready to represent them. 

The Italian and...
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U.S. - Mexican Agreement Provides Access to Nearly 1.5 Million Acres of the U.S. Continental Shelf

Sec. Salazar Joins Mexican President Calderon, Sec. Clinton, Mexican Officials to Announce Agreement Providing Access to Nearly 1.5 Million Acres of the U.S. Outer Continental Shelf

Paves the Way for Development of Common Safety and Environmental Standards

LOS CABOS, MEXICO – Secretary of the Interior...
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Damen Shipyards Awarded to Build Modular Dock for Port of Djibouti

Damen Shipyards takes great pleasure in the fact that a Damen Modular Dock (DMD) 4020 is being constructed for - and will be delivered to - Djibouti. Djibouti’s busy port is one of the most important gateways to the African continent and is strategically located at the confluence of...
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Grandweld Shipyards Delivers Dive and Maintenance Support Vessel to ADNOC

Grandweld Shipyards has completed delivery of “ARADAH”, a 55m Dive and Maintenance Support Vessel (DMSV), especially built for ADNOC. The new state- of- the- art DMSV is the first from its class to be built by Grandweld Shipyards and will serve as the flagship to ADNOC...
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Huisman Successfully Delivers 600mt Crane GeoSea “Neptune”

Huisman, the specialist in lifting, drilling and subsea solutions, successfully delivered the 600mt Wind Turbine Installation Crane onboard GeoSea’s DP2 jack-up vessel “Neptune”. The crane was handed over to the builder of the vessel IHC Offshore and Marine...
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Former U.S. Navy Chief of Naval Operations, Gary Roughead, Joins Northrop Grumman Board of Directors

(GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) announced last week that it has elected retired U.S. Navy Admiral Gary Roughead to its board of directors. Roughead served as the 29th Chief of Naval Operations for the Navy prior to his retirement from the...
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Voith Opens Office in Port of Hamburg

Since January 2012, the Voith Turbo market division Marine has been present in the Port of Hamburg with its own office managed by naval architect Sigurd Hildebrandt.

In the new Große Elbstraße 42 offices, Voith not only supports customers with...
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New Management Appointments at Resource Power Group

Resource Power Group (RPG) has appointed Sean Carey as the engine sales & service company’s General Manager of the MaK and large bore engine business for the southeast US and the Caribbean territories. Sean is a graduate of the US Merchant Marine Academy who previously was...
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Hempel Opens New Factory in Argentina

With the opening of its 24th factory, the first in South America, Hempel will be better placed to serve the rapidly growing South American market. The new plant will mean shorter lead times for customers and will enable Hempel to develop and customise products to...
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