News

Wheelhouse Weekly – February 21, 2011

February 21st 2011

 

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

Volume 15 . . . . . Number 8. . . . February 21, 2011

STORIES COVERED

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


MM&P HOLIDAY SCHEDULE

On Monday, Feb. 21, all MM&P union halls, MM&P Plans, the MM&P Federal Credit Union and MM&P headquarters are closed for Presidents’ Day.


OBAMA’S PROPOSED BUDGET WOULD FULLY FUND MARITIME SECURITY PROGRAM

The Maritime Security Program (MSP) would be fully funded at the authorized level of $186 million for 60 U.S.-flag militarily useful vessels under the terms of President Obama’s budget proposal. Under the terms of the proposed budget, which was released last week, funding would consist of the $174 million request, plus $12 million in previously unobligated funds from the Maritime Administration. The last Congress voted to extend MSP for an additional ten years, to 2025, in recognition of the essential role the program plays in our national security. All payments made under the program are subject to the annual appropriations process, which means that the necessary funds must be allocated by legislators each year.


ADM. THAD ALLEN REITERATES FACT THAT JONES ACT DID NOT HINDER BP CLEANUP

In official testimony Feb. 11 before the House Transportation and Infrastructure Committee, Adm. Thad Allen, the National Incident Commander who led the BP clean-up effort, reiterated the fact that the Jones Act did not prevent foreign vessels from participating in the response to the Deepwater Horizon oil spill in the Gulf of Mexico. 

“There was a misperception that the Jones Act impeded the use of foreign vessels for Deepwater Horizon response operations,” Allen said. “In reality, the Jones Act had no impact on response operations. As National Incident Commander, I provided specific guidance to ensure accelerated processing of requests for Jones Act waivers.”

Allen said that there were no denials of Jones Act waiver requests over the course of the recovery effort. “Any decision not to use a foreign-flag vessel during the response was based on an operational decision, not on any limitations imposed by the Jones Act,” he said.

Allen’s testimony reconfirmed what he and other Administration representatives repeated on numerous occasions during efforts to recover the leaking oil. His testimony comes just one month after a report from the non-partisan National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling confirmed the Jones Act did not prevent foreign vessels from assisting with the clean-up. 

During the hearing, Rep. Jeff Landry (R-La.) asked Admiral Allen if, “the waiver provisions of the Jones Act provide sufficient flexibility during emergencies.” Allen’s response was concise: “Yes they do.” 

The Jones Act is a longstanding U.S. maritime law that mandates the use of American vessels and American workers in U.S. domestic maritime trade, such as the delivery of goods from one U.S. port to another.  The Jones Act does not apply to skimming outside of three miles from shore, including near the well 50 miles from coastline, where the vast majority of skimming occurred. 

The domestic maritime industry annually generates 500,000 jobs, contributes $100 billion in total economic output, adds $46 billion to the value of U.S. economic output, provides $29 billion in wages, and contributes $11 billion in taxes. 


AFL-CIO PRESIDENT AND CHAMBER OF COMMERCE PRESIDENT JOINTLY TESTIFY IN FAVOR OF MORE GOVERNMENT INFRASTRUCTURE SPENDING

The AFL-CIO and the Chamber of Commerce don’t agree on very much. But last week AFL-CIO President Richard Trumka and Chamber President Thomas Donohue told a Senate committee that labor and business agree on the need to invest in the nation’s transportation infrastructure to create jobs and boost the economy.

“While there are many policy areas where we have sharp differences, we both realize that our country needs to step up our investments in America for business as well as working Americans to succeed,” Trumka testified.

“Public and private investment in the economic foundation of the United States is critical for long-term economic prosperity,” Donohue told the members of the committee. “Our global competitiveness is dependent on construction and maintenance of a world-class infrastructure. As the President recognized in his State of the Union address, lasting jobs grow where infrastructure is strong.”

Trumka says there is a “direct link between a strong transportation infrastructure and a strong economy” and that infrastructure investments create jobs. The American Society of Civil Engineers has given U.S. infrastructure overall a grade of “D.”

To fund new infrastructure projects, Donohue and Trumka suggested increasing the federal gas tax, which is currently 18.4 cents a gallon and hasn’t changed since 1993. Trumka and Donohue said they’ll be sitting down soon to discuss another issue, U.S. manufacturing, which they see as being intricately tied to infrastructure spending.


GREAT LAKES TASK FORCE UNDERLINES IMPACT OF DREDGING CRISIS

The Great Lakes Maritime Task Force is calling once again on politicians to end the dredging crisis on the lakes, which has led to a situation in which many ships are traveling with 10 percent or more unused carrying capacity. In its 2010 annual report, the task force said the Harbor Maintenance Trust Fund, which is running a surplus of $5.65 billion, could easily provide the $200 million it would take to restore the Great Lakes navigational system, but politicians have used it in the past to pay for projects other than those for which it is intended.

Members of the task force also called for the Environmental Protection Agency (EPA) to help Great Lakes ships meet new vessel air emission standards. “EPA should assist ship operators with the cost of compliance, particularly engine replacements and upgrades, when these procedures are needed to meet new EPA requirements, just as it has helped other industries comply with new regulations and standards,” according to the report.

The task force also called for construction of a second Poe-sized lock at Sault Ste. Marie, Mich., to provide lock redundancy. Other topics covered were the importance of enhancing icebreaking capability and of modifying the Port Use Tax to generate money for the maritime academies and short sea shipping.


REP. CANDICE MILLER ACCEPTS AWARD AS GREAT LAKES LEGISLATOR OF THE YEAR

Rep. Candice Miller (R-Mich.) has been named “Great Lakes Legislator of the Year for 2011” by the Great Lakes Maritime Task Force. Miller, consistently a strong advocate for the maritime transportation industry, accepted the award in a ceremony on Feb. 9. She twice co-sponsored legislation that would address the dredging crisis by requiring that funds deposited in the Harbor Maintenance Trust Fund be spent on harbor maintenance. Miller has also been a strong advocate for greater icebreaking capabilities on the Great Lakes, and she backs construction of a second Poe-sized lock at Sault Ste. Marie, Mich. Miller sits on the Homeland Security Committee and the Transportation and Infrastructure Committee. She is also chairperson of the Subcommittee on Border and Maritime Security.


FORMER AFL-CIO PRESIDENT JOHN SWEENEY RECEIVES NATION’S HIGHEST CIVILIAN HONOR

AFL-CIO President Emeritus John Sweeney last week received the Presidential Medal of Freedom, the nation’s highest civilian honor, during a ceremony at the White House. Sweeney, who served as president of the AFL-CIO from 1995 to 2009, led the organization in its ongoing efforts to strengthen the middle class, create good jobs for all Americans and fight corporate greed. “It is with great admiration and respect that I accept this award on behalf of hard-working Americans,” Sweeney said. “I am deeply fortunate to have been able to devote my life to protecting and promoting the rights of working families everywhere.” The award was presented by President Obama. Michelle Obama also attended the ceremony.

The Presidential Medal of Freedom is the highest civilian award in the United States. It recognizes individuals who have made an especially meritorious contribution to the security or national interests of the United States, world peace, cultural or other significant public or private endeavors.

“John has always lived the values that drew him to the labor movement as a young man, and he has never stepped back from his devotion to the working people who were the heart and soul of the working-class immigrant community where he grew up,” said AFL-CIO President Richard Trumka. “John’s integrity and commitment to working people has earned him an award that all of labor can be proud of.”


USCG COMMANDANT ADVOCATES RENEWED FOCUS ON AGENCY’S CORE MISSIONS

Rapid, large-scale expansion of the Coast Guard’s mission and operations in the wake of 9/11 may have stretched the agency’s resources too thin, according to incoming Coast Guard Commandant Adm. Robert Papp. In the traditional State of the Coast Guard Address, Papp told the country’s leaders and the public that he is concerned that “our focus on reorganization and expanding missions post 9/11 has taken the edge off our skills across the service–and particularly our seamanship and airmanship skills.”

“We’ve had too many accidents lately,” he said. “We’ve had too many funerals. I’ve spoken at too many memorial services. Fourteen aviators lost in two years: three aviators just on my watch, as well as a loss of a Marine Safety and Security Team member. We’ve also had several serious boat accidents. This is unprecedented. It’s unacceptable. And we’ve got to do something about it.”

He said that while investigations into many of the accidents are still underway, in the meantime the Coast Guard will take corrective actions by examining whether it has the resources necessary to fill multiple, parallel roles, whether personnel is adequately trained and whether personnel policies, such as transferring people once they have achieved proficiency in a given function, need to be reviewed. “Once we’ve provided people with training and experience to achieve proficiency, we should not be too quick to transfer them,” he said. “Doing so is a waste of resources. It often has a negative impact on our mission performance and people…not to mention the impact on our families.”

He added that unless the Coast Guard continues to update its ships, planes and boats, and improve its shore stations, the agency will not be able to maintain an acceptable level of readiness.


INTERNATIONAL SHIPPING INDUSTRY CALLS FOR ARMED GUARDS ON SHIPS

Arming ships against pirates has become “a necessary alternative to avoiding the Indian Ocean completely,” according to the International Chamber of Shipping (ICS), the international trade association which represents about 80 percent of the world merchant fleet.

“In view of the current crisis in the Indian Ocean–with over 700 seafarers held hostage and, most recently, a seafarer being executed–ship operators must be able to retain all possible options available to deter attacks and defend their crews against piracy,” said ICS Chairman Spyros M. Polemis in an official statement. “Many shipping companies have concluded that arming ships is a necessary alternative to avoiding the Indian Ocean completely, which would have a hugely damaging impact on the movement of world trade.”

“The eradication of piracy is the responsibility of governments,” Polemis said. “Frustratingly, politicians in those nations with the largest military navies in the region show little willingness to increase resources to the extent that would be necessary to have a decisive impact on the problem of piracy. Western governments, at least, appear to give the impression that this otherwise unacceptable situation can somehow be tolerated. Sadly, until we can persuade governments otherwise, the use of armed guards by ships is very likely to continue increasing.”

A spokesperson for ICS says the shipping industry is looking at all options, including alternative routes, which could have a significant impact on transport costs, in particular for oil.

“MM&P welcomes the change in position of the International Chamber of Shipping,” said MM&P International President Tim Brown. “The new policy is in line with the long-held position of MM&P that a more aggressive armed response is needed to combat piracy.”  


MAERSK ALABAMA PIRATE SENTENCED TO OVER 33 YEARS

The Somali pirate who attacked the MM&P-contracted MAERSK ALABAMA off the coast of Africa in 2009 was sentenced to more than 33 years in prison last Wednesday. Abdiwali Abdiqadir Muse was the only surviving pirate of the group of four who held MM&P member Capt. Richard Phillips captive aboard a lifeboat in a tense stand-off with military vessels. The other three pirates were killed by Navy sharpshooters. Muse was sentenced to serve 33 years and nine months in prison after the judge rejected a plea for leniency from his lawyers. Before he was sentenced, Muse reportedly told the court he was “very sorry” for what he had done.


BRITISH NAVY FREES YEMENI FISHERMEN

Sailors aboard the British warship HMS CORNWALL last week freed five Yemeni fishermen who were being held hostage aboard their dhow by 17 pirates. Rocket-propelled grenade launchers were among the vessels found aboard the ship. The dhow, which was reported hijacked in November of last year, was being used by the pirates as a “mother ship.”


NEW MM&P CONSTITUTION APPROVED BY LARGE MARGIN

MM&P members have ratified the union’s new International Constitution. Of the 1,440 ballots that were returned, the final count was 1,356 in favor and 75 opposed. Ballot Committee members Timothy Ferrie, Jake O’Boyle and Ken Ryan monitored the count, which took place on Feb. 18 at MM&P Headquarters. 

In addition to liberalizing the provisions pertaining to notice and good standing for elections, the new Constitution contains updated and revised sections pertaining to the United Inland Group and the Federal Employees Membership Group (FEMG), including the addition of a new FEMG Vice President.

“The new Constitution reflects today’s thinking while at the same time reaffirming the democratic principles that have always been the centerpiece of the Masters, Mates & Pilots,” said MM&P International President Tim Brown. “Many thanks to all the members who worked on this document, particularly Bill Good and George Quick.”


MM&P SEEKING PENSIONERS WITH MSC QUALIFICATIONS FOR POSSIBLE JOBS ON LMSRS

The union is soliciting interested pensioners for possible job opportunities on MM&P-contracted ships in the government fleet. Mariners who fill these jobs must meet Military Sealift Command training and security clearance requirements. If you would be interested in these jobs, please contact your area MM&P Vice President or Sue Bourcq at the MM&P New Orleans Hall.


CORRECTIONS TO LAST WEEK’S WHEELHOUSE WEEKLY

Through an editorial error, the headline section of the Wheelhouse Weekly listed incorrect dates for the “Maritime Industry Sail In” to Washington, D.C., and for the speech by Rep. Frank LoBiondo (R-N.J.) at MITAGS. Please note the correct dates for those two important events, which appear in the listings below.


INDUSTRY SAILS IN TO WASHINGTON, D.C. ON MAY 4: REGISTER NOW!

Last year our industry’s first broad-scale advocacy day on Capitol Hill was a resounding success. The Sail-In was widely supported by the American maritime industry including international and domestic ocean carriers, terminal operators and labor unions. We had participants from 20 states, 48 congressional districts, 28 companies, nine unions and labor organizations, and 10 related associations.

The 2010 mid-term elections brought significant changes to the Congressional committees that oversee maritime issues. As a result, a tremendous amount of institutional knowledge and support was lost. A few examples: three of the four most important House committee chairmen for maritime issues did not return to the 112th Congress; there are 20 freshmen members now on the House Transportation and Infrastructure Committee; more than a dozen members who were visited by our industry during last year’s Sail-In did not return to Congress.

The Sail-In is a powerful and direct way to protect and advocate for your job, your company or union, and the maritime industry as a whole. Participants will be actively engaged in the democratic process that the U.S. Constitution guarantees. It will be motivational and inspiring and attendees will leave Washington with a much better view of how government affects our industry and vice versa.

Like all government programs, the legislative pillars that support the U.S.-flag maritime industry are under intense pressure in the new Congress. While we welcome that scrutiny and feel confident that our industry brings tremendous value to our nation, the maritime industry’s story is a bit complex (as it relates to policy) and must be told repeatedly.

Come join us on May 4 on Capitol Hill and let your voice of support be heard. To register for the event, go to http://www.maritimeindustrysailin.com. There is no cost other than your travel expenses. Breakfast and a closing reception will be provided. For additional information please call Linda Arquette at (703) 351-0129.


REP. FRANK LOBIONDO AT MITAGS ON MARCH 3

Rep. Frank LoBiondo (R-N.J.), chairman of the House Coast Guard and Maritime Transportation Subcommittee, is the keynote speaker at a March 3 program on maritime transportation policy. The program, which is sponsored by the Kings Point alumni associations, will be held at the Conference Center at the Maritime Institute, 692 Maritime Blvd., Linthicum Heights, MD 21090. The program gets underway at 4:30 p.m. with a tour of the MITAGS simulator. To register, send a check for $35 to Gary G. Hicks 42 Idlewild Street, Bel Air, MD 21014. The deadline for registering is Feb. 28. The cost of registering for the dinner at the door is $40. LoBiondo is a strong supporter of the U.S.-flag shipping industry and the American Merchant Marine. The subcommittee he chairs oversees laws related to the Coast Guard, shipping and all aspects of maritime transportation.


FIDELITY 401K MEETING IN PORTLAND

MM&P members and their spouses in the Portland area are invited to attend a seminar on 401K plans on Feb. 23. The seminar will take place at MM&P’s Portland Hall, 2225 N. Lombard, 2nd floor rear entrance. There will be two seminars, one at 1200 and one at 1800. If you plan on attending the seminar, please RSVP if possible to 503-283-0518 so the correct amount of refreshments will be on hand.


CAMM ANNUAL GENERAL MEETING APRIL 27-9 AT MITAGS

The Council of American Master Mariners (CAMM) will hold its Annual Meeting and Professional Development Conference April 27-9 at MITAGS. The topic of the conference is “The Master and the Burden of Regulations.” Congressman Elijah E. Cummings (D-Md.), ranking member of the Subcommittee on Coast Guard and Maritime Transportation, will be the keynote speaker. Among the other speakers will be MM&P Pilots Group Vice President George Quick. To find out more and to register, go to http://www.mastermariner.org.


UPCOMING UNITED INLAND GROUP-PACIFIC MARITIME REGION MEETINGS

The following dates, times and locations have been selected for UIG-PMR meetings in the Puget Sound region for the first half of 2011.

Tuesday, March 15 – Poulsbo (site TBD): 1000-1200 and 1800-2000

Monday, April 11- Edmonds Office: 1400-1600

Tuesday, May 10- Anacortes (site TBD: 1000-1200 and 1500-1700

Thursday, June 9 – Edmonds Office: 1000-1200


SCHEDULE FOR NEW HORIZON LINES MEDICAL REFRESHER COURSE

MITAGS has developed a new five-day medical refresher course for members who have already completed the STCW-95 Medical Person-in-Charge course (MED-PIC).  The new course meets Horizon Lines five-year medical refresher training requirements for chief mates and masters. It will be offered at MITAGS on the following dates: March 7-11; Sept. 12-16; and Nov. 14-18. The course will be offered at PMI beginning in 2012. Please contact the MITAGS Admissions Office for more details: 866-656-5568 or e-mail admissions@mitags.org.  The course is open to any member who has completed MED-PIC in the past five years.


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): March 8-9 in Los Angeles/Long Beach; April 1-2, 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 Lars Turner at lturner@bridgedeck.org.


1823 WHALING SHIP FOUND IN HAWAII WATERS

The Associated Press has reported that the 1823 Nantucket whaling ship commanded by the same captain who inspired the classic story “Moby Dick” has been discovered 600 miles northwest of Honolulu. The ship that was found, the TWO BROTHERS, was the second ship that went down under the command of Capt. George Pollard. His first ship, the ESSEX, sank after being rammed by a sperm whale. The TWO BROTHERS sank after striking a coral reef.

According to AP reporter Kim Foley MacKinnon, several harpoons, a hook used to strip whales of their blubber and cauldrons used to turn blubber into oil have also been found. The artifacts will go on display at the Discovery Center in Hilo. Pollard and his crew were rescued immediately from the wreck of the TWO BROTHERS. But the incident dissuaded him from ever whaling again. Afterwards, he returned to Nantucket and became a night watchman.


NEW CRANE DAMAGED AT PORT OF VIRGINIA

Virginia Port Authority workers have succeeded in stabilizing a new crane that was damaged when the vessel that was delivering it, the Zhenhua Heavy Industry Co. (ZPMC) ZHEN HUA 24, pulled away from the dock. As the ship was pulling away, one of the post-Panamax cranes still onboard clipped the 259-foot-tall crane on shore. The collision also caused minor damage to the wharf. No one was hurt in the incident.


MITAGS ACADEMIC NOTES

Between now and the end of March 2011, 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.

AZIPOD-3 day – Azipod Propulsion System: 3/15

BRMP � Bridge Resource Management for Pilots: 3/3

[CMM – Chief Mate and Master Courses]
CMM-ADVWX � Advanced Meteorology: 3/21
CMM-ECDIS � Electronic Chart Display and Information Systems: 3/7
CMM-MPP � Marine Propulsion Plants: 3/28
CMM-SHMGT II – Ship Management (week 2): 2/28
CMM-SHS-ADV-I � Advanced Shiphandling (week 1): 2/28, 3/14, 3/28
CMM-SHS-ADV-I I � Advanced Shiphandling (week 2): 3/7, 3/21
CMM-VPEN � Voyage Planning and Electronic Navigation: 3/14

CONT PLNG � Contingency Planning: 3/17

ECDIS-ENAV – Electronic Chart Display and Information Systems and Electronic Navigation for Pilots: 3/3
ENAV � Electronic Navigation: 3/21
ENVIRO-Regs Permit � Environmental Regulations Permit: 3/15

FSM � Fatique, Sleep and Medications for Pilots: 3/18

HAZ � Hazardous Materials (5 day): 3/7

LAP CMM � License Advancement Program of Upgrade to Chief Mate/Master: 3/28

LEG – Legal Aspects of Pilotage: 3/2

MCL – Management, Communications and Leadership: 3/21
MED-PIC – Medical Person In Charge: 3/21
MED-PRO – Medical Care Provider: 3/21
MED-DOT-DA – Dept. of Transportation Drug & Alcohol Testing: 3/26

MSC -SMA � Military Sealift Command Small Arms Qualification: 3/14

ROR-1 – Radar Observer Renewal Evening Classes: 2/23, 3/9, 3/30
ROR-1 – Radar Observer Renewal Day Class: 3/14

SEC-VCF � Security Officer, Vessel, Company & Facility: 3/14
SHS-ESH-BRMP3 � Emergency Shiphandling and Bridge Resource Management for Pilots: 2/28
SHS-EMR5 � Emergency Shiphandling: 3/7

TPIC � Tankerman Person In Charge: 3/7

WKP BAS – Watchkeeping Basic � 3/7
WX BAS � Basic Meteorology: 3/28

…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

February 2011

28-4    Tankerman Person-in-Charge

March 2011

7th      Flashing Light
7-11   Basic Meteorology
7-11   Able Seaman
8-11    ARPA
14-18  ECDIS
21-1   Celestial Navigation
21-23  Fast Rescue Boat
28th   Radar Renewal

April 2011

4-15     GMDSS
11-13   Security VCF
11-15   Basic Stability
18-22  Medical Care Provider
23rd    Medical DOT
18-29  Medical Person-in-Charge
25th    Radar Renewal
25-29  Basic Meteorology


MM&P MARKET WATCH AS OF 2-18-11

D O W N A S D A Q S & P 500
12,318.14 2,831.58 1,340.43
Fund Name & Trading Symbol
 Closing
Price
 Vanguard Asset Allocation Fund (VAARX)
57.74
 Vanguard 500 Index Fund (VFINX)
123.99
 Vanguard Extended Market Index Fund (VEXMX)
44.46
 Vanguard International Growth Fund (VWIGX)
19.97
 Vanguard Morgan Growth Fund (VMRGX)
19.35
 Vanguard Windsor II Fund (VWNFX)
27.67
 Vanguard GNMA Fund (VFIIX)
10.66
 Vanguard Growth Index Fund (VIGRX)
33.60
 Vanguard High Yield Corporate (VWEHX)
5.83
 Vanguard LifeStrategy Conservative Growth (VSCGX)
16.78
 Vanguard LifeStrategy Growth Fund (VASGX)
23.18
 Vanguard LifeStrategy Income Fund (VASIX)
14.23
 Vanguard LifeStrategy Moderate Growth (VSMGX)
20.30
 Vanguard Target Retirement 2005 (VTOVX)
11.93
 Vanguard Target Retirement 2015 (VTXVX)
12.85
 Vanguard Target Retirement 2025 (VTTVX)
13.18
 Vanguard Target Retirement 2035 (VTTHX)
13.81
 Vanguard Target Retirement 2045 (VTIVX)
14.25
 Vanguard Total Bond Index (VBMFX)
10.50
 Vanguard Total Stock Market Index Fund (VTSMX)
33.83
 Chase Growth Fund (CHASX)
18.63
 Fidelity Asset Manager (FASMX)
15.94
 Fidelity Growth and Income (FGRIX)
19.45
 Fidelity Intermediate bond Fund (FTHRX)
10.52
 Fidelity Magellan Fund (FMAGX)
74.15
 Fidelity Value Fund (FDVLX)
74.15
 Fidelity Equity-Income II Fund (FEQTX)
19.63
 Fidelity Blue Chip Growth Fund (FBGRX)
48.78
 Fidelity Diversified International Fund (FDIVX)
31.64
 Fidelity Dividend Growth Fund (FDGFX)
30.52
 Fidelity Freedom Income (FFFAX)
11.44
 Fidelity Freedom 2000 (FFFBX)
12.13
 Fidelity Freedom 2010 (FFFCX)
14.02
 Fidelity Freedom 2020 (FFFDX)
14.31
 Fidelity Freedom 2030 (FFFEX)
14.41
 Fidelity Freedom 2040 (FFFFX)
8.43
 Fidelity Freedom 2050 (FFFHX)
9.90
 Fidelity Total Bond Fund (FTBFX)
10.70
 Spartan Extended market Index Fund (FSEMX)
40.96
 Spartan US Equity Index Fund (FUSEX)
47.62
 Domini Social Equity Fund (DSEFX)
31.71



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.