U.S. oil prices rose Thursday as traders jumped at buying opportunities after OPEC's agreement on production cuts sent prices falling Wednesday. Crude oil for February delivery traded up 28 cents at $29.88 per barrel early Thursday afternoon on the New York Mercantile Exchange (NYMEX). "There's a feeling that perhaps we've run the course of the down side and the market could start making a move up, at least for the short term," said Nauman Barakat, vice president of energy futures trading at ABN Amro in New York. NYMEX crude ended 69 cents lower at $29.60 per barrel Wednesday, after moving down more than a dollar as traders pocketed profits. Traders sold off after the Organization of Petroleum Exporting Countries decided to cut output by 1.5 million barrels a day, or more than 5 percent, beginning Feb. 1. Comments by President-elect George W. Bush in an interview with Reuters that Iraqi leader Saddam Hussein was "a big threat" that must be contained -- by military force if necessary -- also supported prices. NYMEX crude wavered early between positive and negative territory amid confusion over contradictory weekly stocks data.
U.S. oil prices rose Thursday as traders jumped at buying opportunities after OPEC's agreement on production cuts sent prices falling Wednesday. Crude oil for February delivery traded up 28 cents at $29.88 per barrel early Thursday afternoon on the New York Mercantile Exchange (NYMEX). "There's a feeling that perhaps we've run the course of the down side and the market could start making a move up, at least for the short term," said Nauman Barakat
The Maritime Administration (MARAD) issued a Notice stating that it has retained a contractor to evaluate and certify maritime security training courses for courses provided in the United States or on U.S. ships. Requests for course approval should be submitted to MARAD. Source: HK Law
December 2007 COURSE OFFERINGS To see the full course schedule for FY08 please visit: http://gmats.usmma.edu/info/courses/schedule/ Administrative Rate Training Storekeeper Advanced Rate Training - December 3 – 14, 2007 This two week course is designed for E5 and above, or E4 personnel who have taken the Store keeper basic course. The course will assist Storekeepers in regaining skills that may not have been practiced during drill weekend due to non-availability of training
The U.S. Coast Guard National Maritime Center, through Det Norske Veritas, has approved a Vessel Security Officer (VSO) Refresher Course developed by The California Maritime Academy, a part of The California State University. The course, offered through Cal Maritime’s Sponsored Projects and Extended Learning (SPEL) Department, provides a refresher curriculum for maritime security personnel and is designed to facilitate the transition to the USCG mandatory training for Vessel Security
Whole body vibration affects crew & passengers on fast craft The professional maritime sector recognizes the need to reduce the effects of Whole Body Vibration (WBV) but this is not a straightforward process for those operating planing craft. These vessels can expose crews and passengers to high levels of repeated shock and vibration which has been shown to increase the risk of injury. In flat sea conditions there is vibration from the engine
The U.S. Maritime Administration (MarAd) has initiated an Internet site devoted to Short Sea Shipping. MARAD also confirms the US Secretary of Transportation Norman Y. Mineta will be joining Canadian Minister of Transport Lawrence Cannon and Mr. Cesar Patricio Reyes Roel, General Coordinator on Ports and Merchant Marine, Secretariat of Communications and Transport, Republic of Mexico at the North American Short Sea Shipping Conference in Vancouver, British Columbia on April 18-20.
Training the trainer introduces significant cost and time efficiencies. Kongsberg Maritime has launched a new ECDIS Instructor Training course designed to train Captains and senior personnel, so they can train other officers and crew members in familiarization of Kongsberg ECDIS on board vessels. Offered in Norway and Singapore, the course is in accordance with the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW)
FRC International is running the first programme of ‘Back To Back’ Whole Boat Vibration (WBV) courses in Canada this April. The lead for these courses is the Canadian Coast Guard and the Canadian Navy, being part of a move to improve sea safety. Attendance is open to all organisations operating RHIBs & planing craft, as well as builders, equipment manufacturers and others in this industry.
Jee Ltd, a U.K.-based independent multi-discipline engineering and training firm, has launched a series of initiatives to update its training courses through geographical expansion and technological innovation. The company will expand the current course schedule to include Lagos, Nigeria and Kuala Lumpur, Malaysia, making Jee the only globally recognized subsea engineering and training firm to hold public courses in Nigeria.
Safebridge, the Internet-based simulation training specialist, released its E-learning courseware for training and certification on the new ECDISPILOT Basic and Platinum models. Courseware development for Chartpilot and Multipilot models is also well advanced.
Maritime security specialist, Ambrey Risk, based in Hereford U.K., announced that the company has become Maritime Coastguard Agency Accredited, and can now offer STCW95 courses, which are the basic entry level training courses for working at sea.
All are welcome to visit the Tanker Mary A. Whalen on Pier 11, Atlantic Basin, Red Hook, Brooklyn on Tuesday, May 21. Our short stay in Atlantic Basin, in Red Hook for National Maritime Historical Society makes the ship available on her 75th birthday
Omega introduced its new Thermistor Probes with M12 Connections, to be featured at the Sensors Expo and Conference. The TH-21 Series thermistor probes are constructed with the a glass encapsulated thermistor element which provide excellent stability and accuracy
Lindblad Expedition's Polar excursion ship 'National Geographic Explorer' is in the German yard for refit & DNV class surveys. "This contract is just right for us", said a satisfied Rüdiger Pallentin, Board Member of Lloyd Werft
HydroComp NavCad is software for resistance and propulsion that can be found in the toolbox of naval architects and marine professions from around the world. First introduced in 1988, NavCad has undergone numerous upgrades in its 25-year history
Stork Technical Services, a global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, won two awards at this year’s U.K. Oil and Gas Industry Safety Awards. Marc Brankin, Scaffold Chargehand for Stork won The Most Promising
Lloyd’s Register offers in-depth knowledge of the role and responsibilities of the DPA. Attendees of this course will gain the knowledge and skills required by the IMO MSC-MEPC7 / circ.6 (October 19, 2007). The two-day course was designed to provide the knowledge and skills required in
Totem ECDIS provides Decision Support tools for collision avoidance. The decision support tool gives the OOW a concrete advice on required course change or speed reduction needed to be at a safe distance from all targets. In this circular we want to show another unique feature of Totem ECDIS
New American Wind Energy Association (AWEA) leadership takes helm with EDPR’s Gabriel Alonso chairing the board. Tom Kiernan to speak as incoming CEO. Generating a sense of electricity like the thousands of wind turbines in the region
Furuno Electric Co., Ltd. announced that the type specific ECDIS training for the new ECDIS FMD-3200/FMD-3300 is now available at Furuno INS Training Center in Singapore. The new training program has been developed by INSTC Denmark embracing the same philosophy as they did when they first
For 40 years, Videotel has provided the maritime industry with training for seafarers on key important issues such as safety, legislation and technology. This year, to mark its 40th anniversary, Videotel released its latest training catalog, STCW Maritime Training Catalog 2013-2014
Maritime security company GoAGT Ltd. achieved Det Norske Veritas (DNV) accreditation for its Maritime Training Center located in Galle, Sri-Lanka. The center, one of the first to be accredited globally, can train up to 20 personnel at any one time in a variety of maritime security
PBL 3421 was delivered by Raymond & Associates, LLC, Bayou La Batre, AL, to Progressive Barge Line, Inc., New Orleans. PBL 3421 is the first of two barges, both 297.5 x 54 x 12 ft. inland service double skin tank barges, each witha cargo capacity of about 4700 short tons at 11.5 ft
Chief Technology Officer, Prith Banerjee, who joined ABB in 2012, has decided to leave ABB for family reasons. Banerjee, located in Switzerland, will be relocating to the United States where he will be taking another position outside the company