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Friday, November 21st, 2008
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When “Heel” IS Cargo as Opposed to When it is Not

  Court ruling begs for clarification and examples of when “heel” certainly is cargo; MarEx Managing Editor gladly obliges. I read with great interest this week about a case where the US Court of Appeals ruled that cargo left on board a particular vessel was “not cargo for purposes of supporting a maritime tort allegation against a third party that inflicted damage on the ship.” It was all over the maritime news circuit. You probably read the same account and maybe it made perfect sense to you, but from my perspective, I had to read it several times ... < Read More >
The Impact of Oil Price Volatility on the Maritime Industry: A double-edged sword

  Falling bunker prices are only part of the big-picture equation. I had the good fortune to be in Washington, DC last week on business and was able to time my schedule so as to attend a joint Kings Point / Propeller Club function in Arlington. The luncheon included a series of lectures on “The Impact of Oil Price Volatility on the Maritime Industry,” followed by an informal Q&A period. I’m guessing there were as many as 100 industry executives, Kings Point alumni and a few of us state academy-types in attendance. The well-attended affair touched upon some ... < Read More >
U.S. Coast Guard Safety Alerts (2)

  Inspection of Fuel Oil Quick-Closing Valves & Electronically-Controlled Cargo Pump Engine Components •INSPECTION OF FUEL OIL QUICK-CLOSING VALVES The U.S. Coast Guard strongly recommends that owners and/or operators, vessel engineers, marine inspection personnel and others involved with the technical examination of machinery space equipment fully understand the critical nature and importance of fuel oil quick-closing valves (FOQCVs) and associated systems. FOQCV systems must be well maintained and tested in the same way they would be used in an emergency (e.g. close all valves on each system at the same time). Crewmember knowledge, testing, maintenance and repair, system ... < Read More >