Wheelhouse Weekly – April 11, 2002
THE MASTERS, MATES AND PILOTS’
- 32 Senators Urge Full Maritime Security Program Funding
- NTSB Chairman Cites Fatigue As Major Cause Of Accidents
- Substantial Loss For Puerto-Rico Carrier Trailer Bridge
- Loss Predicted For Maersk Sealand Shipping Unit
- AFL-CIO PayWatch Website Exposes Executive Pay Double Standard
- Round The World Volvo Ocean Race Fleet Heads Up East Coast
- Convention Call: MM&P 79th Convention
- MITAGS Academic Notes
- PMI Academic Notes
- MM&P Market Watch
32 SENATORS URGE FULL MARITIME SECURITY PROGRAM FUNDING
In a letter to Senator Fritz Hollings (D-SC), Chairman of the Subcommittee on Commerce, Justice, State and the Judiciary, 32 Senators have urged that funding for the Maritime Security Program (MSP) be included in the Fiscal Year 2003 appropriations bill at the baseline funding level of $98.7 million.
This figure is identical to this year’s appropriation as well as the Administrations budget request for Fiscal Year 3003 which will mark the fifth full year of MSP.
The letter penned by Senate Minority Leader Trent Lott (R-MS) and Senator John Breaux (D-LA), and signed by 30 other Senators from both parties, notes that the MSP component of the Emergency Preparedness Program guarantees that US-flag commercial sealift and merchant manpower will be available in time of national emergency and that the commercial operators will participate in ongoing military exercises to assure a high state of readiness.
It further states that the MSP assures the worldwide intermodal transportation networks, marine terminals, and management personnel of these private companies will be available to meet the needs of our Nation’s military sealift strategy.
The letter also observes that, “the MSP has proven to be highly effective in reducing the overall costs to the federal government while maintaining our sustainment shipping capability for the nation’s defense. “
NTSB CHAIRMAN CITES FATIGUE AS MAJOR CAUSE OF ACCIDENTS
National Transportation Safety Board (NTSB) Chairman Marion Blakey has warned that operator fatigue remains a primary cause of serious transportation accidents throughout the US. “Many times and throughout all modes of transportation, our investigations have found that lost sleep equals lost lives.”
Analysis of marine vessel casualties cite fatigue as a cause in 16% of accidents.
Blakey noted that proper sleep is especially critical on our nation’s highways. “Each year, highway crashes cause the most transportation-related fatalities. Of these crashes, recent research shows 100,000 of them involved “drowsy driving” and resulted in 1,500 fatalities.”
In other modes of transportation, development of effective fatigue countermeasures has been a perennial priority on the Safety Board’s “Most Wanted” list of safety improvements.
In aviation, the Safety Board recently completed an investigation of an American Airlines crash with 10 fatalities and 105 injuries in Little Rock, Arkansas, where pilot fatigue was a contributing factor.
On the nation’s rails, fatigue contributed to nearly 20 accidents over the last decade.
A 1999 Safety Board study of government efforts to address the fatigue issue found that, despite a number of initiatives, little progress had been made in revising regulations to incorporate the latest research on sleep issues.
“We can do more to stem the fatalities, injuries and property damage that result from operators who should be in bed rather than behind the wheel,” Blakey said.
The NTSB Chairman re-emphasized the Board’s recommendations that the Department of Transportation and its modal agencies establish scientifically-based hours-of-service regulations that reasonably limit duty hours and provide adequate time for rest.
“Combating fatigue is not just a problem for government or for the pilot, ship’s officer, train engineer or truck driver, it is the collective responsibility of each and every person who operates a vehicle, Blakey said.”
More info on fatigue may be found on the NTSB website at www.ntsb.gov.
SUBSTANTIAL LOSS FOR PUERTO-RICO CARRIER TRAILER BRIDGE
As a testament to the current difficulties in the Puerto Rico shipping market, the Journal of Commerce reports that container carrier Trailer Bridge had a net loss of $29.4 million in 2001. The results include a $13.2 million loss in the fourth quarter when the company discontinued service to the Port of NY and NJ and concentrated its mainland activity in Jacksonville, FL.
Trailer Bridge said falling revenue was due to “decreased volume and rate deterioration in the Puerto Rico market,” but said it had reached an agreement with an affiliate for a $4 million cash investment.
Trailer Bridge says that it has been receiving support from two affiliates: the Estate of Malcom P. McLean, which owns 54% of Trailer Bridge, and Kadampanattu Corp. a company owned by the estate that owns two Ro/Ro vessels operated by Trailer Bridge.
McLean, who died in 2001, was one of the best known figures in the shipping industry in the second half of the last century, and generally credited as the creator of containerization. The founder of Sea-Land Service, and former chief executive officer of US Lines, he founded Trailer Bridge late in his career.
LOSS PREDICTED FOR MAERSK SEALAND SHIPPING UNIT
Published reports cite sinking container freight rates as the reason why A.P. Moller, the parent of MM&P-crewed Maersk Sealand, forecast a “minor negative result” this year on slightly lower revenue. If the prediction is realized, it would be the first loss for the shipping unit in 25 years.
The company said it had a profit of $684 million in 2001, an increase of 3.4% over 2000. For its 2002 loss prediction, the company said “cargo volumes and freight rates for container vessels were under pressure from the beginning of the year due to stagnant world trade and addition of tonnage.”
The company said in making a forecast for its container business in the current year it was utilizing a container rate that was $225 lower per forty-foot container than in 2001, “corresponding to today’s level.”
“After rationalizations and savings … this means an estimated loss of income of around $236 million compared to last year, resulting in a negative result for Maersk Sealand,” the company said. Maersk Sealand said it expected global freight rates to rise later in 2002 which could help boost its bottom-line.
AFL-CIO PAYWATCH WEBSITE EXPOSES EXECUTIVE PAY DOUBLE STANDARD
If you think that in light of declining stock prices, corporate profits and rising employment the pay rate for many company CEOs is sky-high, you should check out the AFL-CIO’s 2002 Executive Pay Watch website at www.paywatch.org which was launched earlier this week.
The site tracks CEO pay for the S&P Super 1500 Index, analyzes new trends and offers tools for action to hold corporations accountable. The site currently has new data for 896 companies from the index that have filed proxy statements for 2001.
According to the AFL-CIO, two big trends are readily apparent: An ongoing divide between company performance and executive pay, and the stark double standards for CEOs compared with workers, as executives shielded themselves from the risks their employees face in retirement and job security.
While some top CEOs did take pay cuts, the majority of CEOs got raises as measured by their median pay package. In contrast, corporate profits declined by 35 percent, stock prices as measured by the S & P 500 fell 13 percent and 1.4 million workers were laid off in 2001.
“CEOs have figured out how to have their cake and eat it too,” said AFL-CIO Secretary-Treasurer Richard Trumka. “When it comes to job and retirement security, there is a double standard and workers are getting the short end of the stick.”
Featured on the website are 10 new Pay Watch case studies including AT&T, General Electric, Kmart, Coke, Hewlett Packard, Polaroid and Enron that show how CEO pay, bonuses and benefits are out of step with company performance as profits faltered, share prices declined and workers were laid off. These companies were singled out for offering outrageous equity compensation, retirement packages and retention bonuses to CEOs despite weaker company performance.
ROUND THE WORLD VOLVO OCEAN RACE FLEET HEADS UP EAST COAST
For members sailing coastwise on the East Coast or for those sailing offshore liner routes with ports of call between Baltimore and Miami within the next week, be on the lookout for a fleet of brightly colored 64-ft. sailboats competing in the round-the-world Volvo Ocean Race.
Formerly known as the Whitbread, the race began in Southampton, England in late September 2001. The first leg of the 32,700-nautical mile race took sailors on a month-long, 7,350-nm voyage to Cape Town, South Africa. From there a 6,550-nm voyage took the fleet to Sydney, Australia and then on another 2,050-nm to Auckland, New Zealand.
Next came the 6,700-nm leg across the South Pacific and South Atlantic to Rio de Janeiro. The racers left Rio on Sept.3 for the 4,450-nm voyage to Miami where they are presently in port awaiting the start of the next 875-nm leg of the race to Baltimore on April 14 with an expected arrival date of April 17.
The race will restart on April 28 from Annapolis for the 3,400-nm leg to La Rochelle, France. From there, the fleet sails 1,075 miles to Goteborg, Sweden and then a short 250-nm jaunt to Kiel, Germany where the race is expected to end on June 9.
To get full details and daily updates on the race go to: www.VolvoOceanRace.org.
REMINDER: MM&P CONVENTION CALL
In accordance with Article IV, Section 2, of the International Constitution, a regular convention of the IOMM&P will be convened at 1000 hrs on Monday, July 15, 2002, at MITAGS, 5700 Hammonds Ferry Road, Linthicum Heights, MD 21090. Constitutional Amendments may also be considered at this Convention.
In accordance with Article IV, Section 6., Subsection (b), all proposed resolutions must be forwarded to the International Secretary-Treasurer at least 30 days prior to the opening day of the Convention for inclusion on the Agenda and determination by the Convention.
MITAGS ACADEMIC NOTES
Openings in Classes Through the End of September 2002
- 4/29-5/3: WX-HWA, BRM
- 5/10: ATER, ENVPRO
- 5/13-17: BST, ROP, COMP-NET
- 5/20-24: FF-ADV, CSE-AAES
- 5/20: CBRD-1
- 5/21: HAZMAT, EAP
- 5/22-24: MED-DOT-DA
- 6/3-28: SMC
- 6/3-7: HAZ, DCS, BRM, COMP-OPSYS, ARPA
- 6/3: ROR
- 6/3-14: GMDSS
- 6/10-14: BST, SHS-BAS, BRM, COMP-NET, FRB
- 6/14: ATER, ENVPRO
- 6/17-21: FF-ADV, BRM, ARPA, WX-HWA
- 6/17: ROR
- 6/24-28: VPM
- 7/29-8/2: MED FIRST, BRM, ROP
- 7/29: ROR
- 7/30: HAZMAT, EAP
- 7/31-8/2: MED-DOT-DA
- 8/5-9: CSE-AAES, SHS-BAS, ECDIS, TPIC
- 8/5-8: SMA
- 8/9: ATER, ENVPRO
- 8/12-23: MED-PIC, GMDSS
- 8/12-16: SHS-INT I, BRM, COMP-APS, ARPA,WX-HWA
- 8/12: CBRD-1, ROR
- 8/13: HAZMAT, EAP
- 8/14-16: MED-DOT-DA
- 8/19-23: BST, SHS INT II, COMP-MAR
- 8/26-30: FF-ADV, SHS-EMR-5, BRM, ARPA
- 9/9-13: DCS, SHS-INT I, BRM, FRB,ARPA,COMP-ABSS, VPM
- 9/9: ROR, CBRD-1
- 9/10: HAZMAT, EAP
- 9/11-13: MED-DOT-DA
- 9/16-27: MED-PIC, GMDSS
- 9/16-20: BST, CSE-AAES, SHS-INT II, COMP-NET, ROP
- 9/16-19: SMA
- 9/20: ATER, ENVPRO
- 9/23-27: FF-ADV, SHS-EMR-5, BRM
KEY TO COURSE ABBREVIATIONS
- ARPA: Automatic Radar Plotting Aids
- ATER: Anti-Terrorism Awareness Training
- BRM: Bridge Resource Management
- BRMP: Bridge Resource Management For Pilots
- BST: Basic Safety Training
- CBRD: Chemical Biological Radiological Defense Training
- COMP-ABSS: Computer Am Bureau Ship Management Software
- COMP-APS: Computer Application Programs
- COMP-MAR: Computer Mariner Application Program
- COMP-NET: Computer Network Systems
- CSE-AAES: Confine Space Entry-Atmos. Analy of Enc Spaces
- EAP: Employee Assistance Program
- ECDIS: Electronic Chart Display And Information Systems
- ENVPRO: Environmental Protection
- FF-ADV: Advanced Fire Fighting
- GMDSS: Global Maritime Distress Safety System
- HAZMAT: Hazardous Materials
- MED-DOT-DA: Dept. of Trans. Drug and Alcohol Testing
- MED-PIC: Medical Person-In-Charge
- MSC-COMMS: Strategic Sealift Communications
- ROR: Radio Operator Renewal
- SMA: Small Arms
- SHS-EMR: Emergency Shiphandling
- SHS-INT: Intermediate Shiphandling
- TPIC: Tankerman Person-In-Charge
- VPM: Vessel Personnel Management
- WX-HWA: Heavy Weather Avoidance
Check the website routinely for up to date information on class schedules, trust student policies and procedures, and regulatory changes. Visit the home page at www.mitags.org.
Plenty of class space is available in June for 5-day HAZMAT, HWA, VPM, ARPA, BRM, GMDSS, and FF-ADV. Remember that trust students now require only one week of training to be eligible for travel reimbursement and the reimbursement is based on a 14-day advance purchase airfare.
Schedule through December 2002 is being maintained on the website. Hard copies of the June-December 2002 schedule are being mailed to the halls. Check the MITAGS website at: www.mitags.org for up-to-date info. For additional course info, contact Mary Matlock at voice: 443-989-3226 or Email: firstname.lastname@example.org.
PACIFIC NORTHWEST MARITIME INSTITUTE ACADEMIC NOTES
Openings in Classes Through the End of June 2002
- 4/22-26: ECDIS, GMDSS, BAFF
- 4/29-5/3: ARPA
- 5/6-10: Radar, Med 1st, Med PIC, BST
- 5/13-17: GMDSS
- 5/20-24: BRM, BAFF, GMDSS Refresher
- 5/27-31: ECDIS, Med 1st, Med PIC
- 6/3-7: TPIC, BST
- 6/10-14: ARPA, GMDSS
- 6/17-21: Radar, GMDSS Refresher
- 6/24-28: Computer Basics (IC3 Ceritification), ECDIS, BAFF
PMI MEDICAL COURSES
PMI is now offering two week “Medical Person in Charge” and one week “Medical First Aid Provider” course. To learn more about the STCW Requirements for Medical First Aid Provider and Medical Person in Charge, refer to PMI’s webpage at www.mates.org.
Register online at mates.org.
MM&P MARKET WATCH AS OF 4-10 CLOSE
|Vanguard 500 Index Fund (VFINX)||
|Vanguard Extended Market Index Fund (VEXMX)||
|Vanguard International Growth Fund (VWIGX)||
|Vanguard Morgan Growth Fund (VMRGX)||
|Vanguard Windsor II Fund (VWNFX)||
|Vanguard GNMA Fund (VFIIX)||
|Chase Growth Fund (CHASX)||
|Fidelity Asset Manager (FASMX)||
|Fidelity Growth and Income (FGRIX)||
|Fidelity Magellan Fund (FAGX)||
|Spartan US Equity Index Fund (FUSEX)||
The MM&P Wheelhouse Weekly is the official electronic newsletter of the International Organization of Masters, Mates, and Pilots, ILA, AFL-CIO, 700 Maritime Blvd., Linthicum Heights, MD 21090-1941. Phone: 410-850-8700; Fax: 410-850-0973; Email: email@example.com. For further info contact John Peige at firstname.lastname@example.org. The Wheelhouse Weekly is sent via Email to MM&P-contracted vessels at sea, broadcast worldwide via FEC marine telex andis posted on our web page under “News” at: http://www.bridgedeck.org.