The maritime community has increasingly become the target of Department of Justice (DOJ) and state prosecution efforts to pursue criminal sanctions against corporations and senior management involved in maritime transportation incidents. Though
In the Maritime Transportation Security Act (MTSA), signed into law on November 25, 2002, Congress directed the U.S. Coast Guard to. among other things, establish a vessel security plan requirement for appropriate vessels operating in United States waters.
Dena L. Wilson, V.P., Legislative Affairs American Waterways Operators In many respects, 1990 can be summed up as the year that began the Decade of the Environment, evidenced by enactment of major federal legislation reauthorizing the Clean
Robert L. Fagan has rejoined The Stanwick Corporation as director, Advanced Systems Development, it was announced by Tad Stanwick, president. In this new capacity, Mr. Fagan will coordinate the expansion of the company's systems engineering, logistic support
Comsat TeleSystems, Inc. recently announcd that Richard S. Rothermel has been elected vice president- sales. He will be responsible for all activities relating to the sales of TeleSystems' products in North America, including management of the company's sales representatives,
MagneTek ALS, the flagship company of MagneTek Inc.'s recently announced MagneTek Defense Systems, has added Jeff Pease and Ed Rizzotti to its senior management staff. Serving in the positions of chief financial officer and vice president of government systems, respectively, both Mr.
The Automatic Identification System (AIS) technology has received its fair share of critics up to present, mainly due to poor made installations and lack of training. The problems are currently taking the focus from the positive side where is has
Norman Meyer has been appointed vice president of strategic systems for Sperry Division's Systems Management unit, Kurt Merl, vice president and general manager of the unit, has announced. Mr. Meyer, who had been manager of strategic sytems, will
Robert E. O'Brien, president and chief executive o f f i c e r of Moore McCormack Lines, Incorporated, has announced that Vincent Fiorenza, assistant vice president- cost and subsidy, will be assuming additional responsibilities for directing the purchasing and inventory departments.
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry.