Maritime Administration Reporting Requirements For The Special Purpose Jones Act Waiver. Hurricane Sandy Special-Purpose Jones Act Waiver Reports to Maritime Administration as Required by Waiver On November 2, 2012, the Department of Homeland Security, in consultation with the US Department of Energy and the Maritime Administration, issued a waiver of the Jones Act to allow non U.S.-flagged oil tankers coming from ports in the Gulf Coast Petroleum Administration for Defense District (PADD 3) to deliver petroleum products to ports in the New England and Central Atlantic PADDs (PADDs 1A and 1B). That waiver was modified on November 3, 2012 to facilitate transportation of the necessary volume of other feedstocks, blending components, and additives used to produce fuels. Vessels under this waiver must load by November 13th and offload at their destinations by November 20th. (see www.dhs.gov search “Jones Act”) REPORTING REQUIREMENTS In order to ensure the objectives of this waiver are achieved, as a condition to this waiver, vessels operating pursuant to its authority will report to the Maritime Administration, within 24 hours after loading or diversion, the name of each vessel so operated, its loading port, cargo carried and the amount carried, the date of loading or diversion and the planned port of discharge.
On June 27, I testified on behalf of the American Maritime Partnership (AMP) before the House Coast Guard and Maritime Transportation Subcommittee at a hearing that questioned the Administration’s skirting of the Jones Act during last summer’s Strategic Petroleum Reserve (SPR) drawdown. Members of Congress were keenly interested in understanding how the Administration authorized waivers for foreign flag ships to carry U.S. oil between U.S
Working to create and preserve American jobs, Congressmen Elijah E. Cummings (D, MD-7) and Jeff Landry (R, LA-3) today introduced the American Mariners Job Protection Act (H.R. 3202), a bill with bipartisan support that will increase government transparency surrounding the issuance of waivers allowing non-Jones Act-qualified vessels to carry cargo between U.S. ports. Under current law, when the head of the agency responsible for the administration of the Jones Act believes
The Maritime Cabotage Task Force stated that it opposes legislation to repeal the Jones Act, saying that all the McCain bill would do is put more Americans out of work. “The McCain bill proposes to eliminate the very American industry that is helping to clean up the spill - an industry that supports 500,000 U.S. jobs - and outsource that work to foreign workers and foreign companies registered in nations like Liberia and the Marshall Islands that operate outside of American law
Fred McCallister, an investment banker with Allegiance Capital Corporation, sent a letter to Incident Commander Admiral Thad Allen on June 17 asking for a limited waiver of the Jones Act, to enable 12 to 25 foreign flagged skimmer ships to assist in clean-up efforts in the Gulf. "Many in the Gulf have been calling for this equipment, which can collect 3,500 gallons of oil per hour per vessel from Gulf waters. With estimates now at 2
David C. Hanby, Jr., President & COO McDonough Marine shares with readers of MarineLink.com his insights on key market drivers for the coming year. What legislative/political issue do you count as the most important for the marine industry in the next few years? DH: Effective funding of infrastructure improvements of the waterway facilities our industry depends on to provide efficient, safe, environmentally friendly transportation of our nation's commodities
Senators Sam Brownback (R-Kan.), Jesse Helms (R-N.C.), Pat Roberts (R-Kan.), Richard Lugar (R-Ind.), Conrad Burns (R-Mont.) and Peter Fitzgerald (R-Ill.) reintroduced legislation (S.1032) designed to reform the U.S.-build requirement of the Jones Act. This bill, similar to the one introduced by Brownback last summer, would allow foreign-built dry- and liquid-bulk oceangoing self-propelled ships over 1,000 tons to ply the U.S. Coastwise trade under U.S. flag. The U.S
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has reached final agreement and received formal approval from Nordea Bank Finland Plc, DnB NOR Bank ASA and HSH Nordbank AG regarding the previously announced covenant waiver in connection with the $800m Primelead facility consistent with the terms previously announced on February 9, 2009.
The Department of Homeland Security (DHS) published the temporary waiver of compliance with coastwise trade restrictions to assist in the recovery from the effects of Hurricane Katrina. The coastwise trade laws have been waived, until 12:01 a.m., September 19, 2005, for transportation of petroleum and refined petroleum products from one U.S. port to another U.S. port. The coastwise trade laws have also been waived for transportation of petroleum released from the Strategic
Stolt Offshore S.A. announced that following a review of information which became available in recent project reporting and a subsequent major project review led by CEO Tom Ehret, it has identified substantially poorer than anticipated performance and cost overruns on three major EPIC contracts and several smaller projects. In addition, it is expected that activity levels will be slightly lower than previously anticipated. As a result of these factors,
Singapore's First Ship Lease Trust (FSL Trust) has announced the suspension of trading in its shares pending an announcement to clarify lenders' position in relation to a covenant waiver or relaxation for 30 September 2013. About FSL Trust
Container ship charter owners Global Ship Lease (GSL) announce its unaudited results for the 3 months and 9 months ended September 30, 2013. The 17 vessel fleet generated revenue from fixed rate long-term time charters of $36.1 million in the three months ended September 30, 2013, down $3
North Atlantic Drilling Limited (NADL), a leading offshore harsh environment drilling company in which Seadrill Limited currently holds a 74 percent ownership interest, to file for independent listing on the New York Stock Exchange (NYSE).
ACT Clamps from STAUFF protect against crevice corrosion in salt water. Designed for use with stainless steel tube and pipe, ACT clamps can be used for both underwater and top-side applications. Crevice corrosion is a problem when seawater is trapped in gaps between conventional clamps and the
In its interim financial report TransAtlantic states that the Group's liquidity situation is strained and it has been in breach with certain covenants during the third quarter, but it has received waivers from relevant banks. Third quarter highlights
A recent ruling by the U.S. Fifth Circuit Court of Appeals clears the way for seaman to recover punitive damages in unseaworthiness claims, according to Jones Act attorney Matthew Shaffer. In the facts of the case, McBride v. Estis Well Serv., L.L.C., No
The continued existence of the Merchant Marine Act of 1920 carries with it substantial economic and financial benefits. Its repeal could be catastrophic. The three-legged stool commonly referred to as the Jones Act is officially known as the Merchant Marine Act of 1920
Ultrapetrol (Bahamas) Limited an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced today the closing of its previously announced sale of $25 million in aggregate principal amount of its 8
At the inaugural recent Tradewinds Jones Act Forum, MARAD Acting Administrator Paul 'Chip' Jaenichen discussed the changes affecting the coastwise U.S.-flag maritime industry -- also known as the Jones Act fleet. Extracts follow: Since its enactment
Tsakos Energy Navigation Limited (TEN) a product, crude and LNG tanker operator, today announced the pricing of its $50 million offering of 8.875% Series C Cumulative Redeemable Perpetual Preferred Shares in a public offering under its effective shelf registration statement at $25 per share.
Planning Ahead Can Help You Use the Act of God as a Defense In the marine industry, the management of risk is an everyday concern. We attempt to minimize risk by maintaining seaworthy vessels, properly training crews, entering into agreements that allocate risk and buying insurance
Rear Adm. Jim Murdoch, Program Executive Officer for Littoral Combat Ships (LCS) comments on the recent sea trial of the future 'USS Coronado', which as with all new construction ships in the Navy was conducted by the Board of Inspection and Survey.
In accordance with the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act, Concordia Maritime published its interim report for 2013. Highlights are as follows: Interim Report 1 January – 30 June 2013 •Positive view of the product tanker market
Transas Marine will supply and install its Navi-Sailor ECDIS Multifunction Display for the nonprofit GBA Ships e.V.’s service vessel Logos Hope, a deal in part financed by donation from the Transas Marine. GBA Ships is a private, nonprofit entity registered in Germany
Monaco-based Scorpio Tankers Inc.intends to offer and sell 20,000,000 shares of its common stock in an underwritten public offering. The net proceeds of this offering are expected to be used for product tanker vessel and LPG carrier acquisitions