Cyber Hack: Fortifying Maritime, Port Security
The United States Coast Guard Marine Safety Alert 06-19 (USCG MSA 06-19) outlines a February 2019 incident aboard a deep draft commercial vessel that called on the Port of New York / New Jersey after experiencing a significant cyber incident that impacted their shipboard network. The Safety Alert stated in part:“An interagency team of cyber experts, led by the Coast Guard, responded and conducted an analysis of the vessel’s network and essential control systems. The team concluded that although the malware significantly degraded the functionality of the onboard computer system…
CAG Finance New SF Bay Tugboat
Capital Access Group (CAG) says that its $10.4 Million 504 Loan has enabled the acquisition of a powerful, 85-ton tractor tugboat for San Francisco Bay – Baydelta Maritime's 'Delta Audrey'. Capital Access Group is a commercial real estate lender specializing in U.S. Small Business Administration 504 financing for growing businesses. CAG explain that the Delta Audrey features the most modern design, engines, and equipment to increase safety, reduce fuel consumption and carbon emissions, and provide increased capability to stop or redirect a tanker in shorter distances. “Our customers, the ship owners, continually demand more powerful tugs that can stop or redirect a tanker in a shorter distance…
Loan Options for the Marine Industry
As we launch into 2014, the domestic waterfront continues to fire on all pistons; boatbuilding, charter rates, utilization of tonnage, and so much more. That kind of momentum, however, requires funding to sustain. For smaller operators in need of capital to grow and/or maintain their fleets, sourcing those funds can be tricky. Fortunately – and unlike the Department of Transportation’s Maritime Administration’s Title XI Federal Ship Financing Program of the last few years – the U.S. Small Business Administration and the U.S. Department of Agriculture actually have the funding to make and guarantee loans for the U.S. commercial marine industry.
Winch Instrument Display Provider Wins Award
Measurement Technology NW (MTNW) wins US Small Business Administration Excellence Award. The 'Excellence' award was given for supporting Lockheed Martin’s aerostat program with the US Defense Department. This award recognizes small businesses that have excelled in their performance in support of large prime contractors. “MTNW was nominated by Lockheed Martin because we were able to provide industry leading technology at a lower cost and in half the time of previous winch instrumentation and display providers,” said Tom Rezanka, Vice President MTNW.
Marine Security Announces Joint Venture
Marine Security Services, a division of York-Mahar, Inc., announced a partnership with MARSAF, Marine Safety Consulting. Now offering a full range of professional consulting services including maritime security, environmental safety, preparedness training, including NIMS ICS, and contingency planning; our staff of subject matter experts is uniquely positioned to assist our customers with their regulatory mandates. York-Mahar, Inc. has been certified as a participant in the U.S. Small Business Administration’s (SBA) 8(a) Business Development program. Additionally, York-Mahar, Inc. has been certified as a Small Disadvantaged Business (SDB) in the Federal Government’s SDB program. The term of participation for both programs is nine (9) years beginning January 25, 2005.
