Marex Feed: April 2012

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Volume 10, Edition 51 (April 28, 2012)

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Lawsuit Blames Ship Pilot's Pharmacists in '07 Cosco Busan Accident

In 2007, the Cosco Busan container ship crashed into the San Francisco-Oakland Bay Bridge spilling thousands of gallons of oil into the San Francisco Bay. Now, the ship owners and operators of the vessel involved have sued pharmacists based out of Northern California, claiming that they negligently distributed prescription drugs to the ship’s pilot during the time of the incident.

Regal Stone Ltd. (ship’s owner) and Fleet Management Ltd. (ship’s operator) both insist that the pills given to pilot John Cota by pharmacists at Longs drug store completely...
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	Guest Feature: Protecting Yourself Before, During and After a Pirate Attack (PART 2) Written by Captain Richard Madden View Part 1 here. Part 2 Sorting Out the Pirates From the... Read More >>

	House Backs Navy Littoral Combat Ship Funding, Despite Recent Criticism As lawmakers are scolding the Navy for lack of communication regarding its Littoral Combat Ship program – mainly its cost, schedule and performance, a House panel has now backed up the Navy plans in adding four more Littoral Combat Ships. According to Bloomberg, The Navy requested $2.24 billion for the ships, including... Read More >>

	Active Container Ship Fleet Reaches Record 15 Million TEUs The active container ship fleet has climbed to a record 15 million 20-foot equivalent units, powered by deliveries of new vessels and a severe reduction in the number of laid-up ships, reports The Journal of Commerce. This active fleet growth is predicted to renew price competition, especially after eight months of decreasing... Read More >>

	Twenty Years Jail for 11 Pirates All eleven pirates that were apprehended by EU Naval Force warship FS Nivose in May 2009 and transferred to Kenyan authorities in May 2009 were found guilty on 19 April 2012. By ruling of the Magistrate the eleven pirates now face 20 years imprisonment. It was 3 years ago when French frigate FS Nivose – part of the... Read More >>

	AMP Says American Fleet Can Meet Demand If Sunoco Refinery Closes In written testimony to the U.S. Congress’ Joint Economic Committee, the American Maritime Partnership (AMP) criticized and corrected an Energy Information Administration (EIA) report that said American tank vessels may be “in short supply” if a Northeast refinery closes later this year. EIA’s assessment... Read More >>

	T-AKE Class Ship USNS Medgar Evers Accepted into MSC Fleet Military Sealift Command accepted delivery of its newest dry cargo/ammunition ship, USNS Medgar Evers (T-AKE 13), during a short ceremony at the General Dynamics NASSCO Ship Yard San Diego. The ship, which was christened Nov. 12, 2011 in San Diego, honors slain civil rights leader Medgar Wiley Evers, who is remembered for his... Read More >>

	LoBiondo Examines Impact of USCG, EPA Regulations on Maritime Job Growth The Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Frank LoBiondo (R-NJ), held a hearing to review the status of regulations by the United States Coast Guard and the Environmental Protection Agency (EPA) and how such regulations impact the... Read More >>

	World Shipping Council’s Chris Koch Testifies on Maritime Regulation At the request of the House Subcommittee on Coast Guard and Maritime Transportation, Chris Koch, President and CEO of The World Shipping Council (WSC) testified regarding some current environmental and safety regulatory initiatives in which the... Read More >>

	David Weinstein Elected President, CEO of ABS Group of Companies, Inc. New leadership to pursue acquisitions, growth for class society affiliate The Board of Directors of the ABS Group of Companies, Inc. (ABS Group) has elected... Read More >>

	Coast Guard Suspends Search for Overboard Tug Master The Coast Guard has suspended its search pending further developments for a 48-year-old man who was reported to have fallen overboard from a Boston-bound tugboat approximately nine miles south of Newport, R.I., Thursday at 1:36 p.m. Coast Guard crews covered more than 775 square miles searching for the master of the New... Read More >>

	Wärtsilä Donates Controllable Pitch Propulsion System to USMMA Wärtsilä, the marine industry’s leading solutions provider, has donated a controllable pitch propulsion system to the Engineering Department at the United States Merchant Marine Academy. A dedication ceremony on April 24, served as recognition of the... Read More >>

	Inaugural Seatrade Offshore Marine Asia (SOMA) Ends on a High *Liquefied natural gas (LNG) could hold the key to a cost effective and environmentally efficient industry, if certain challenges are overcome* The inaugural Seatrade Offshore Marine Asia (SOMA) conference, which came to a close at the Suntec Singapore International Convention and Exhibition Centre,... Read More >>

	Chris-Marine & IOP Marine to Launch New Products In a time of general downturn within the marine industry, Swedish-based Chris-Marine and the recently incorporated IOP Marine continue to surge forward with the launch of several new... Read More >>

	High-end Platform to Meet Demand of Soaring Offshore Engineering Industry The much anticipated Medium and Long-Term Program for the Development of Offshore Engineering Equipment Manufacturing Industry (hereinafter referred to as “the Program”) has recently been released jointly by the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of... Read More >>

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Friday, April 27, 2012

MarEx Newsletter | Are Pharmacists To Blame in '07 Cosco Busan Spill?

Wednesday, April 25, 2012

Goodbye from our Newsletter

Annual Shipbuilding Edition of The Maritime Executive magazine closes in 3 weeks!