News

Wheelhouse Weekly – April 10, 2012

April 10th 2012

 

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

Volume 16 . . . . . Number 15. . . . April 10, 2012

STORIES COVERED

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


OVER-CAPACITY KEEPS PRESSURE ON FREIGHT RATES FOR ASIA-NORTHERN EUROPE TRADE

The London-based consultant firm Drewry says that east-west freight rates could increase by as much as 13.7 percent in 2012, although weakness in the Eurozone nations will continue to weigh on the global economy. As a whole, the company said, the international container shipping industry lost $6.5 billion last year.

Drewry predicts that the industry’s financial performance should gradually improve throughout 2012, although over-capacity will continue to eat into revenue. In 2012, 59 ships of at least 10,000 TEUs are expected to enter the world’s fleet. As of early March, the inactive fleet had grown to around 5.4 percent of total global capacity, but only 47 vessels above 5,000 TEUs were included in this figure and a number of these are being redeployed on new services, Drewry says.


BIPARTISAN HARBOR DREDGING BILL, INCREASED FERRY FUNDING, GET BACKING FROM AFL-CIO TRANSPORTATION TRADES DEPARTMENT

The AFL-CIO Transportation Trades Department (TTD) is strongly encouraging lawmakers to pass the RAMP Act, a bill that would fund desperately needed dredging of our nation’s waterways and ports. “The RAMP Act is bipartisan,” says TTD President Ed Wytkind. “Congress should pass it.”

The bill, introduced last year by Reps. Charles Boustany (R-La.) and Joe Courtney (D-Conn.), would ensure that funds collected under the Harbor Maintenance Tax (HMT) are actually spent on harbor maintenance, including dredging.  A companion bill has been introduced in the Senate by Carl Levin (D-Mich.) and Kay Bailey Hutchison (R-Texas). 

TTD’s 32-member executive committee, including all the nation’s major transportation unions, has vowed to push for action on critical maritime infrastructure investments through passage of the RAMP Act.

TTD has also called for expansion of the Ferry Boat Discretionary Program to increase funding for the construction of ferries and ferry terminal facilities. Wytkind called ferry system investments “the gift that keeps on giving” since they create both construction and maritime jobs.


OWNERS OF FAST CARGO SHIP VENTURE SEEK BANKRUPTCY PROTECTION

FastShip Inc. has filed for bankruptcy. Backers of the Wilmington, Del.-based firm had sought to build four high-speed, trans-Atlantic cargo ships that would rival airplanes in speed, at half the cost, carrying freight from South Philadelphia to France in three days. FastShip raised its first $10 million in the mid-1990s, mostly from the Delaware River Port Authority. Over the years, private investors also contributed millions to the scheme, which backers say fell victim to the global financial crisis and setbacks in Washington, D.C., including the failure to obtain federal government subsidies.


NEW ZEALAND FILES CHARGES AGAINST OWNERS OF MV RENA

New Zealand officials have filed charges against the owners of the cargo ship MV RENA, which grounded on the Astrolabe Reef late last year. The accident is being called the country’s worst maritime disaster. Officials have charged Daina Shipping with discharging harmful substances, an act that carries fines of $489,000 plus $8,100 for each day that the offense continues. The wreck has dumped 400 tons of fuel oil into New Zealand waters since October 2011. Clean-up work is starting on the country’s east coast beaches as further debris washes up. Liberia-based Daina is a subsidiary of Greek shipping giant Costamare.


PIRATES HIJACK ANOTHER CHEMICAL TANKER

Authorities in India say that MT ROYAL GRACE, a Dubai-owned chemical tanker with 22 crewmembers on board, was hijacked by Somali pirates on March 2. Although the vessel had been reported missing several weeks ago, the news that it had been hijacked was released only last week. Even the families of the crew said the shipowner had not informed them about the hijacking until recently.

Ten ships were hijacked in March. Four have apparently been turned into pirate mother ships and are being used to attack other vessels. Currently, pirates are holding 13 ships and 197 crewmembers. The crew of MV ICEBERG-I, a Panama-flagged roll-on/roll-off cargo ship, has been held captive for two years and negotiations have apparently ceased. The families of MV ICEBERG-I crewmembers say they have not received any compensation at all from the shipowner.


NTSB SEEKS DIRECTOR, OFFICE OF MARINE SAFETY

The National Transportation Safety Board (NTSB) is seeking a maritime professional to direct its Office of Marine Safety in Washington, D.C. The deadline for applying for the job is Monday, April 23. The NTSB Office of Marine Safety investigates all major marine casualties that occur in the United States or that involve U.S.-flagged vessels anywhere in the world; develops proposed probable causes(s) of accidents; formulates recommendations to minimize recurrence of similar accidents; prepares detailed reports for use by other international and domestic government agencies, Congress, the transportation community and the traveling public; conducts special investigations into selected marine accidents involving safety issues of concern to the NTSB; and improves public safety by advocating changes to international and domestic marine transportation laws, regulations, standards, policies, practices and systems in government and industry. The salary range for this job is: $119,554 to $179,700. The job announcement number is: MS-631595-LM. To find out more about this job and to apply, go to: http://www.usajobs.gov/getjob/viewdetails/312550600
For questions about this job, contact: Anh Bolles at anh.bolles@ntsb.gov or (202) 314-6230.


MITAGS SEEKS PART-TIME SIMULATOR OPERATORS

MITAGS-PMI is seeking part-time simulator operators for the Transas simulation system. A simulator operator is primarily responsible for the use of the simulators in all courses and assists other team members of the Engineering Department in service and support of computer network systems. Major duties include preparing and operating ship simulators for any course requiring their use, assisting Simulation Engineers in the daily simulation system checks and problem solving, assisting in the development of ship models and databases for simulation systems by organizing and preparing documentation of model and database testing as well as other reports as required and other duties within the scope of the position as assigned by the Supervisor.

Desired qualifications include background or degree in Computer Science/Engineering or other related field, with two years’ experience in network support, systems integration and programming, experience servicing and designing local area networks and personal computer systems and analyzing computer systems, knowledge of, or work experience in the maritime industry, ability to work flexible hours, to include early morning, evening and/or weekend schedules, excellent writing and communications skills, and proficiency in use of Microsoft Office suite. This position requires moderate physical activity. If you are interested in this position, forward a cover letter and resume to MITAGS Director of Training Eric Friend at efriend@mitags.org.


MEMBERSHIP MEETING IN LA/LB ON APRIL 11

There will be a union meeting in Los Angeles/Long Beach on April 11 at noon. Please also note that the Offshore Familiarization Course will be held at the LA/LB hall beginning at 8:30 am on April 11. 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. Please RSVP to the LA/LB hall at 310-834-7201.


INDUSTRY VIPS TO SPEAK AT MARITIME EXECUTIVE CONFERENCE MAY 7-8

The agenda for the May 7-8 conference on strategies for the future of the U.S.-flag maritime industry features experts on maritime policy, law, infrastructure and funding. The speakers and panelists will address topics that include: why short sea shipping makes sense for America: how public/private partnerships will be key to maritime industry job creation; and how the next generation of Jones Act vessels and related infrastructure can be funded. To read the entire agenda, and to register for the event, go to: http://tiny.cc/marex


SCHEDULE FOR 2012 OFFSHORE FAMILIARIZATION COURSE

The Offshore Familiarization Course, formerly called the D-Book Membership Course, will be held at regular intervals throughout 2012.

The schedule is as follows (but please note that course dates may change depending on the number of participants who sign up): April 11-12 in Los Angeles; May 29-30 in New Orleans; May 30-31 in Charleston; June 8-9 at MM&P Headquarters; Sept. 7-8 at MM&P Headquarters; Oct. 9-10 in New Jersey; Oct. 10-11 in Los Angeles; Nov. 7-8 in Houston.

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 MM&P Membership Secretary Mary Seidman: mseidman@bridgedeck.org.


MITAGS ACADEMIC NOTES

Try our on-line interactive calendar to register for class: http://mitags-pmi.org/courses/calendar/

For class availability, contact Admissions Coordinator Kelly Michielli toll-free at 866-656-5568 or e-mail: admissions@mitags.org.

AB – Able Bodied Seaman: 5/21, 6/11

AIS-1 – Automatic Identification Systems (one day): 5/10, 6/6

BRM – Bridge Resource Management: 4/30

BRMP – Bridge Resource Management for Pilots:  5/9, 6/7

BST – Basic Safety Training: 4/9, 6/25

[CMM – Chief Mate and Master Courses]

CMM-ADVWX – Advanced Meteorology: 6/11

CMM-ADVNAV – Advanced Navigation (=ECDIS & VPEN):  5/14

CMM-ADVSTB – Advanced Stability: 6/25

CMM-CHS – Advanced Cargo Operations (2 weeks): 4/16

CMM-ECDIS – Electronic Chart Display and Information Systems: 5/21

CMM-MPP – Marine Propulsion Plants: 6/4

CMM-SHMGT – Ship Management (2 weeks): 4/30

CMM-SHS-ADV-I – Advanced Shiphandling (week 1): 4/9, 5/14, 6/11

CMM-SHS-ADV-I I – Advanced Shiphandling (week 2): 4/16, 5/21, 6/18

CMM-WKP – Advanced Watchkeeping: 6/18

CNAV – Celestial Navigation: 4/30

CONT PLNG – Contingency Planning: 5/11

ECDIS-ENAV (2 DAY) for Pilots: 6/4

ENVIRO-Regs Permit – Environmental Regulations Permit: 5/21

EP – Emergency Procedures: 4/25

FF-BADV – Combined Basic and Advanced Fire Fighting: 6/25

FSM – Fatigue, Sleep and Medications for Pilots: 6/6

HAZ – Hazardous Materials (5 day): 6/11

LAP-ORG 3rd – License Advancement Program for Original 3/Mate: 6/4

LEG – Legal Aspects of Pilotage: 4/18, 5/9

MED-PIC – Medical Person In Charge: 4/16, 6/11

MED-PIC -R– Medical Person In Charge Refresher: 5/14

MED-PRO – Medical Care Provider: 4/16, 6/11

MED-DOT-DA – Dept. of Transportation Drug & Alcohol Testing: 4/21, 6/16

MSC -SMA – Military Sealift Command Small Arms Qualification: 6/4

MSC-DC – Military Sealift Command Damage Control (4 Evenings): 6/4

MSC-CBRD-1 – Military Sealift Command Chemical, Biological, Radiological Defense Orientation (Basic): 6/8

ROR-1 – Radar Observer Renewal: 4/18, 5/2, 5/6, 6/13, 6/27

ROP-5 – Radar Observer Original and Renewal: 4/23

SEC-VCF – Security Officer, Vessel, Company & Facility: 5/7

SHS-BAS – Basic Shiphandling: 4/23, 5/14, 6/25

SHS-EMR5 – Emergency Shiphandling: 5/7

TPIC-DL – Tankerman Person In Charge Dangerous Liquids: 5/21

…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.


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.
 
April 2012

13th       Radar Renewal
16-20     Radar Observer Unlimited
23-27     Medical Care Provider
23-4       Medical Person-In-Charge
30th       Radar Renewal
30th       Flashing Light Exam

May 2012

1-4          ARPA
7-11       Bridge Resource Management w/ Simulation
7-18       GMDSS
14-18     ECDIS
14-1       Terrestrial and Coastal Navigation w/ Compasses
21-25     Radar Observer Unlimited
22-24     Security Officer – Vessel, Company, and Facility

June 2012

4-6          Emergency Procedures
4-22       Terrestrial and Coastal Navigation w/ Compasses
7-8          Search and Rescue
11th       Radar Renewal
11-22     GMDSS
18-22     ECDIS
18-22     Management, Communication, and Leadership (Horizon Lines)
25-29     Medical Care Provider


MM&P MARKET WATCH AS OF 4-6-12

D O W N A S D A Q S & P 500
12,860.00 2,725.75 1,375.10
Fund Name & Trading Symbol
 Closing
Price
 Vanguard Asset Allocation Fund (VAARX)
56.17
 Vanguard 500 Index Fund (VFINX)
129.91
 Vanguard Extended Market Index Fund (VEXMX)
44.52
 Vanguard International Growth Fund (VWIGX)
18.29
 Vanguard Morgan Growth Fund (VMRGX)
20.41
 Vanguard Windsor II Fund (VWNFX)
28.61
 Vanguard GNMA Fund (VFIIX)
11.02
 Vanguard Growth Index Fund (VIGRX)
36.52
 Vanguard High Yield Corporate (VWEHX)
5.84
 Vanguard LifeStrategy Conservative Growth (VSCGX)
16.89
 Vanguard LifeStrategy Growth Fund (VASGX)
23.00
 Vanguard LifeStrategy Income Fund (VASIX)
14.41
 Vanguard LifeStrategy Moderate Growth (VSMGX)
20.46
 Vanguard Target Retirement 2005 (VTOVX)
12.33
 Vanguard Target Retirement 2015 (VTXVX)
13.09
 Vanguard Target Retirement 2025 (VTTVX)
13.27
 Vanguard Target Retirement 2035 (VTTHX)
13.73
 Vanguard Target Retirement 2045 (VTIVX)
14.17
 Vanguard Total Bond Index (VBMFX)
10.95
 Vanguard Total Stock Market Index Fund (VTSMX)
34.93
 Chase Growth Fund (CHASX)
19.69
 Fidelity Asset Manager (FASMX)
15.99
 Fidelity Growth and Income (FGRIX)
20.39
 Fidelity Intermediate bond Fund (FTHRX)
10.91
 Fidelity Magellan Fund (FMAGX)
72.78
 Fidelity Value Fund (FDVLX)
71.68
 Fidelity Equity-Income II Fund (FEQTX)
18.80
Fidelity Blue Chip Growth Fund (FBGRX)
50.38
 Fidelity Diversified International Fund (FDIVX)
28.15
 Fidelity Dividend Growth Fund (FDGFX)
29.67
 Fidelity Freedom Income (FFFAX)
11.57
 Fidelity Freedom 2000 (FFFBX)
12.26
 Fidelity Freedom 2010 (FFFCX)
13.93
 Fidelity Freedom 2020 (FFFDX)
14.09
 Fidelity Freedom 2030 (FFFEX)
13.98
 Fidelity Freedom 2040 (FFFFX)
8.09
 Fidelity Freedom 2050 (FFFHX)
9.43
 Fidelity Total Bond Fund (FTBFX)
10.98
 Spartan Extended market Index Fund (FSEMX)
40.14
 Spartan US Equity Index Fund (FUSEX)
49.57
 Domini Social Equity Fund (DSEFX)
34.16



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.

© 2012, 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.