News

Wheelhouse Weekly – June 06, 2011

 

– Bridging the Information Gap With E-News You Can Use –

Volume 15 . . . . . Number 23. . . . June 6, 2011

STORIES COVERED

Did you miss a week? Back editions of the Wheelhouse Weekly are available in the section.


MM&P CALLS ON WASHINGTON STATE GOVERNOR TO VETO ANTI-UNION BILL

MM&P is asking Washington State Gov. Christine Gregoire to veto a bill that includes a provision which effectively decertifies MM&P as the exclusive bargaining representative of the captains who work for the ferry system. The legislation stipulates that if Washington State Ferries (WSF) captains want to be represented, they have to go through an election process again.

MM&P International Secretary-Treasurer Don Marcus urged Gregoire in a May 30 letter to veto Section 8 of the controversial finance bill, ESSB 5742. He called the legislation “an affront to all union members… that runs roughshod over the established representation and unit clarification procedures which have been followed in Washington State for many years.”

MM&P is encouraging all union members, their families and friends to go to www.bridgedeck.org today for information on how to express opposition to this egregious attempt at union-busting. 

Please speak up in support of Washington State Ferries workers!


HORIZON LINES ANNOUNCES DEBT RESTRUCTURING PLAN

Horizon Lines announced last week that it had reached an agreement with bondholders to restructure its outstanding debt. The plan lays the foundation for a complete corporate refinancing, which is expected to go forward in tandem with a new, asset-based revolving loan facility of up to $125 million. The revolving loan facility is still under negotiation. A Horizon Lines spokesman said the announcement marks an important step toward financial stability.

According to an official press release, a majority of the holders of the $330 million in 4.25 percent convertible senior notes have agreed to the refinancing plan. Under the agreement, Horizon would exchange the notes for $200 million worth of 6 percent convertible secured notes, $80 million in cash and approximately 38.5 million shares of common stock.

The company spokesman said the planned recapitalization “will eliminate the refinancing risk related to the maturity of the existing convertible notes and the existing bank debt in 2012, and will provide liquidity to fund continued operations.” The company said it expects to complete the refinancing in August.


MM&P’S UNITED INLAND GROUP PREVAILS IN MCNEIL ISLAND FERRY ELECTION

MM&P’s United Inland Group (UIG) will continue to represent the professional mariners who operate the McNeil Island Ferry. The union was required to hold an election for representation following the decision by the Washington State Department of Corrections (DOC) to close the McNeil Island Corrections Center. The Department of Social and Health Services (DSHS) is the union’s new counterpart for the ferry service. Although the corrections center is closing, DSHS will in fact maintain its own facility on the island, the Special Commitment Center.

UIG Regional Representative John Schaeffner said that under the terms of the election, the MM&P bargaining unit will gain eight additional members, for a total of 22.

McNeil Island Corrections Center was the last prison in North America to be located on an island accessible only by boat (or helicopter).


OUR MEMBERS IN OREGON MARCH IN SOLIDARITY WITH ILWU

Members of MM&P’s United Inland Group (UIG) took to the streets of Portland, Ore., on Friday to demonstrate their support for the International Longshore and Warehouse Union (ILWU). They joined more than 1,000 other protestors in a rally outside the headquarters of EGT Development, the grain company that is now building a terminal at the Port of Longview. EGT, which is owned by St. Louis-based Bunge North America, Japan-based Itochu Corp. and Korean shipper Pan Ocean STX, has been refusing for several months to meet with the union.

The EGT grain elevator is the first to be built on the West Coast in almost 25 years. Port officials are arguing on the side of the union, demanding that ILWU longshoremen fill the 50 new jobs. But in January, EGT sued the Port of Longview in federal court, arguing that the company was not bound by the port’s contract with the ILWU. Attorneys for the port have asked the judge to require EGT to hire union labor. A non-jury trial has been scheduled for next April, but the terminal is scheduled to be completed and to begin operations much sooner.

Union leaders say EGT officials are trying to undercut their right to collectively bargain, and they fear that anti-union ripples from the outcome could spread throughout the West Coast. “Working people across America are under tremendous attack,” said Ray Familathe, ILWU international vice president, who flew in from union headquarters in San Francisco to attend the rally. “EGT would like to be the Walmart of the grain business and force everyone else into their agenda,” added Scott Mason, president of Tacoma-based ILWU local 23.


UNITED INLAND GROUP-PACIFIC MARITIME REGION MEETING JUNE 9

There will be a meeting of the United Inland Group-Pacific Maritime Region on Thursday, June 9, at the Edmonds Office between 1000 and 1200. All members are encouraged to attend.


SCHEDULE FOR 2011 D-BOOK MEMBERSHIP COURSE

The Offshore Division Orientation Course, formerly called the D-Book Membership Course, will be held at regular intervals throughout 2011.

The schedule is as follows (but please note that course dates may change depending on the number of participants who sign up): June 10-11 and Oct. 21-22 at MM&P headquarters in Linthicum Heights; Oct. 13-14 in Los Angeles/Long Beach; and Nov. 8-9 in New Orleans.

There is no sea-time requirement to take the course. All Offshore applicants, potential transferees from other membership groups and other interested Offshore members are urged to attend.

If you want to attend the course, please RSVP to the local hiring hall where the class is offered or, in the case of a course planned for headquarters, to Mary Seidman at mseidman@bridgedeck.org.


DUTCH DOCKWORKERS RALLY IN SAN FRANCISCO TO WIN BACK CONTROL OF THEIR PENSION ASSETS

Members of the Dutch dockworkers union marched in San Francisco last week to demand that Dutch financial services giant Aegon give the union back control over its pension assets.

The story began in March 2007, when Aegon N.V. purchased Optas, a Dutch life insurance company specialized in employee benefit services. As part of the deal, Aegon also purchased the pension assets of some 60,000 Dutch dock workers. In a complicated financial twist that many have labeled fraud, Aegon now claims the assets as its own.

The International Transport Workers Federation (ITF) organized the first U.S. protest against Aegon in 2009 with support from the ILWU, the San Francisco Labor Council and the Teamsters. Aegon has defended itself, saying the purchase of Optas and its pension assets was a fair and reasonable financial transaction.

Under the terms of a recent court settlement, almost 30,000 former port workers will see pension benefit increases of more than 13.5 percent. Another 18,000 pensioners will also receive benefit increases.


AFGE VOWS TO FIGHT HOUSE BILL THAT WOULD ELIMINATE COLLECTIVE BARGAINING FOR TSA OFFICERS

The American Federation of Government Employees (AFGE) vowed last week to re-double its efforts to preserve collective bargaining for Transportation Security Administration (TSA) officers after anti-worker forces in the House of Representatives passed an amendment that would, if ultimately written into law, eliminate bargaining rights for TSA officers. AFGE expressed anger at the vote in the House in favor of Rep. Todd Rokita’s (R-Ind.) amendment to ban funding to implement TSA collective bargaining (the vote was 218 – 205).

“AFGE will not allow these politicians to make being in a union un-American,” AFGE National President John Gage said. “This amendment is nothing but a repeat of Wisconsin Republican Governor Scott Walker’s unfounded attack on the right of all Americans to have a voice at work and the right to bargain collectively.”


MITAGS ACADEMIC NOTES

Between now and the end of September, the following courses are scheduled at MITAGS.  For class availability or information on MITAGS courses and programs, contact Kelly Michielli, Admissions Coordinator, toll free at 866-656-5568 or e-mail: admissions@mitags.org.

AB – Able Bodied Seaman: 6/13, 8/22

ARPA � Automated Radar Plotting Aids: 9/27
AZIPOD (2-DAY) for Pilots: 7/25, 7/28

BRM � Bridge Resource Management: 9/26
BST – Basic Safety Training: 6/27, 8/15

[CMM – Chief Mate and Master Courses]
CMM-ADVWX � Advanced Meteorology: 6/6, 9/12
CMM-ADVSTB � Advanced Stability: 6/27
CMM-CHS I � Advanced Cargo Operations (week 1): 7/11
CMM-CHS II � Advanced Cargo Operations (week 2): 7/18
CMM-ECDIS � Electronic Chart Display and Information Systems: 8/15
CMM-MPP � Marine Propulsion Plants: 6/13, 8/8
CMM-SHMGT I – Ship Management (week 1): 7/25, 9/19
CMM-SHMGT II – Ship Management (week 2): 8/1, 9/26
CMM-SHS-ADV-I � Advanced Shiphandling (week 1): 6/13, 7/11, 8/22, 9/12, 9/26
CMM-SHS-ADV-I I � Advanced Shiphandling (week 2): 6/20, 7/18, 8/15, 9/19
CMM-VPEN � Voyage Planning and Electronic Navigation: 8/22
CMM-WKP � Advanced Watchkeeping: 6/20, 8/29

CONT PLNG � Contingency Planning: 7/29
CHS BAS � Basic Cargo Handing and Stowage: 8/8

ECDIS-ENAV (2 DAY) for Pilots: 7/25
ENAV � Electronic Navigation: 9/12
ENVIRO-Regs Permit � Environmental Regulations Permit: 8/29

FF-BADV � Combined Basic and Advanced Fire Fighting: 6/27, 8/15
FSM � Fatique, Sleep and Medications for Pilots: 6/8, 7/27

GMDSS � Global Maritime Distress and Safety System: 8/22

HAZ � Hazardous Materials (5 day): 6/13, 8/22

LEG – Legal Aspects of Pilotage: 9/12
LFBT-LTD � Lifeboatman Limited: 8/20
LNG Awar-4 � Liquefied Natural Gases Awareness (4 Day): 8/1

MCL – Management, Communications and Leadership: 6/13, 9/12
MEDIA-RSP � Media Response Workshop: 7/28
MED-PIC – Medical Person In Charge: 6/13, 8/1
MED-PIC -R� Medical Person In Charge Refresher: 9/12
MED-PRO – Medical Care Provider: 6/13, 8/1
MED-DOT-DA – Dept. of Transportation Drug & Alcohol Testing: 6/18, 8/6

MSC-CBRD1 � Basic Chemical, Biological, Radiological Defense: 6/10, 8/12
MSC-DC � Damage Control: 8/8
MSC -SMA � Military Sealift Command Small Arms Qualification: 8/8

ROR-1 – Radar Observer Renewal Evening Classes: 6/16, 6/28, 7/20, 7/27, 8/18, 9/14
ROR-1 – Radar Observer Renewal Day Class: 6/16, 7/27, 8/29, 9/26
ROP-5 � Radar Observer Original and Renewal: 8/1

SEC-VCF � Security Officer, Vessel, Company & Facility: 7/25
SHS-BAS � Basic Shiphandling: 6/20, 8/29
SHS-ESH-BRMP3 � Emergency Shiphandling and Bridge Resource Management for Pilots: 6/8
SHS-EMR5 � Emergency Shiphandling: 8/1

TC-NAV/CO � Terrestrial Navigation and Compasses: 7/11
TPIC-DL � Tankerman Person In Charge Dangerous Liquids: 8/15
TPIC-LNG � Tankerman Person In Charge Liquefied Gases: 7/11

WX BAS � Basic Meteorology: 9/19

…remember: If you can’t make the class, make the call.  Be courteous, don’t be a “no show.”

Check the MITAGS website at www.mitags.org for course descriptions associated with the course title abbreviations, and schedule revisions. For class availability or info on MITAGS courses and programs, contact admissions toll-free at 866-656-5568 or e-mail: admissions@mitags.org


PMI ACADEMIC NOTES

Schedule of Courses – Please also see our schedule online at www.mates.org

For registration, call our registrar, Jennifer Pitzen, at (206) 838-1126

June 2011

7-10    ARPA
13-24  GMDSS
20-24 ECDIS
27-29  Emergency Procedures
30-1    Search and Rescue

July 2011

5-15     GMDSS
7-8      Vessel Security Officer
11-15   Radar Observer Unlimited
11-15   Medical Care Provider
11-22   Medical Person-In-Charge
16th    Medical DOT
18th    Radar Renewal
18-22  ECDIS
18-22  Management, Communication, and Leadership
19-21   Security – Vessel, Company, and Facility
25-29  Basic Construction and Stability

August 2011

1-12     GMDSS
8-12    ECDIS
15-19   Tankerman PIC
15-19   Basic Meteorology
22nd   Radar Renewal
22-26  Medical Care Provider
27th    Medical DOT
22-2    Medical Person-In-Charge
23-26  ARPA


MM&P MARKET WATCH AS OF 6-3-11

D O W N A S D A Q S & P 500
12,248.55 2,737.11 1,300.16
Fund Name & Trading Symbol
 Closing
Price
 Vanguard Asset Allocation Fund (VAARX)
57.52
 Vanguard 500 Index Fund (VFINX)
121.32
 Vanguard Extended Market Index Fund (VEXMX)
44.13
 Vanguard International Growth Fund (VWIGX)
20.26
 Vanguard Morgan Growth Fund (VMRGX)
19.03
 Vanguard Windsor II Fund (VWNFX)
27.28
 Vanguard GNMA Fund (VFIIX)
10.98
 Vanguard Growth Index Fund (VIGRX)
33.13
 Vanguard High Yield Corporate (VWEHX)
5.85
 Vanguard LifeStrategy Conservative Growth (VSCGX)
16.89
 Vanguard LifeStrategy Growth Fund (VASGX)
23.09
 Vanguard LifeStrategy Income Fund (VASIX)
14.43
 Vanguard LifeStrategy Moderate Growth (VSMGX)
20.41
 Vanguard Target Retirement 2005 (VTOVX)
12.19
 Vanguard Target Retirement 2015 (VTXVX)
12.95
 Vanguard Target Retirement 2025 (VTTVX)
13.20
 Vanguard Target Retirement 2035 (VTTHX)
13.73
 Vanguard Target Retirement 2045 (VTIVX)
14.16
 Vanguard Total Bond Index (VBMFX)
10.76
 Vanguard Total Stock Market Index Fund (VTSMX)
33.20
 Chase Growth Fund (CHASX)
18.32
 Fidelity Asset Manager (FASMX)
15.98
 Fidelity Growth and Income (FGRIX)
19.08
 Fidelity Intermediate bond Fund (FTHRX)
10.76
 Fidelity Magellan Fund (FMAGX)
73.71
 Fidelity Value Fund (FDVLX)
72.60
 Fidelity Equity-Income II Fund (FEQTX)
19.05
 Fidelity Blue Chip Growth Fund (FBGRX)
48.11
 Fidelity Diversified International Fund (FDIVX)
31.19
 Fidelity Dividend Growth Fund (FDGFX)
29.64
 Fidelity Freedom Income (FFFAX)
11.57
 Fidelity Freedom 2000 (FFFBX)
12.26
 Fidelity Freedom 2010 (FFFCX)
14.10
 Fidelity Freedom 2020 (FFFDX)
14.35
 Fidelity Freedom 2030 (FFFEX)
14.35
 Fidelity Freedom 2040 (FFFFX)
8.36
 Fidelity Freedom 2050 (FFFHX)
9.80
 Fidelity Total Bond Fund (FTBFX)
10.96
 Spartan Extended market Index Fund (FSEMX)
40.22
 Spartan US Equity Index Fund (FUSEX)
46.62
 Domini Social Equity Fund (DSEFX)
31.72



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. Suite B, Linthicum Heights, MD 21090-1953. Phone: 410-850-8700; Fax: 410-850-0973; Email: iommp@bridgedeck.org. For further info or to subscribe contact Lisa Rosenthal at lrosenthal@bridgedeck.org. The Wheelhouse Weekly is sent via Email to MM&P-contracted vessels at sea and is posted on our web page.

© 2011, International Organization of Masters, Mates & Pilots. All the material contained in this publication is protected by copyright. For permission to reprint text from the Weekly, contact the MM&P Communications Department: lrosenthal@bridgedeck.org. For changes of address, contact Lisa Rosenthal at lrosenthal@bridgedeck.org.