2001 Maritime

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October 4, 2001

New reporting requirements for ships entering, leaving U.S.
Most ships entering U.S. ports will have to provide 96-hour advance notice of arrival (NOA) to the U. S. Coast Guard along with crew, passenger, and cargo information, under new rules that go into effect today.  A 24-hour advance notice has long been required for ships calling at U. S. ports.  In the wake of the September 11th terrorist attacks, ships have been directed by U.S. Coast Guard order to provide advance notice plus detailed information about crews, passengers, and cargoes.
The new temporary rules will also suspend some existing exemptions from NOA reporting and will make some changes in notice of departure (NOD) requirements for vessels carrying certain dangerous cargoes. 
For now, ships reporting under the rules will continue to send their information to the Coast Guard Captain of the Port (COTP) office where they plan to arrive.  Beginning Oct. 15, however, most NOA and NOD reports will be made to the Coast Guard’s new National Vessel Movement Center (NVMC).  Reporting to the NVMC will streamline the notification process and the longer advance notice will allow the Coast Guard and other U. S. law enforcement agencies more time to review the information and plan for ship arrivals.
Maritime businesses, ship operators, and others involved in commercial vessel operations should review the new rules for details such as prior NOA reporting exemptions that will still exist, special provisions for Great Lakes shipping, and phone numbers and contact information for the NVMC.  The rules will appear in the Federal Register Oct. 4, 2001, Docket USCG-2001-10689, RIN 2115-AG24.

NNS Board to meet on bids
Newport News Shipbuilding (NYSE: NNS - news) announced today that its Board of Directors will meet on Friday, October 5 to review the General Dynamics and Northrop Grumman offers "in light of the increase in the Northrop Grumman stock price."

The company says it anticipates making an additional announcement late Friday afternoon.

The Department of Defense, according to a number of sources, seems set to recommend letting shareholders choose whether General Dynamics Corp. or Northrop Grumman Corp should acquire Newport News.

DoD is expected to give irs decision to the Department of Justice early next week and it is likely that the Department of Justice will accept the DoD recommendation. That could well set the stage for a bidding war between General Dynamics and Northrop Grumman.

HDW getting cold feet on Hellenic deal?
The online edition of Greece's Kathimerini says the sale of Hellenic Shipyards, Skaramanga, could be in trouble. Winning bidder HDW was yesterday supposed to sign a preliminary contract to buy the yard from its owners: the state-owned Hellenic Industrial Development Bank and an employees cooperative. Kthimerini says that, according to its sources, the meeting was canceled on HDW's initiative. HDW apparently has questions about some Hellenic contracts, including passenger ships for Strintzis Lines and railroad carriages for the state-owned Hellenic Railways Organization.

New deputy chairman for P&O Princess
The board of P&O Princess Cruises plc, today announced that Mr Peter Foy has been appointed deputy chairman of the company and that he will succeed Lord Sterling as Chairman on October 23, 2002 - the second anniversary of the demerger of P&O Princess Cruises.

Foy was formerly managing director of McKinsey and Co UK and currently holds directorships with PepsiCo Inc., Omnicom Inc. and Safeway plc. He has been a non-executive Director of P&O Princess Cruises since its demerger.