NYMAR NEWS
November 2009
- November 03 , 2009
-
Galveston: Ellis Island of the South
By Carol Rust, Contributing Writer
Europe churned in political and social turmoil in the late 1800s, and Kaiser Wilhelm II’s government was in big trouble. The German emperor’s policies had made enemies abroad, and support at home was deeply shaken.
Stone mason Wilhelm Frederik Muenster did most of his work for the Kaiser and could see financial ruin in his future if Wilhelm’s government collapsed, so he boarded the SS Frankfurt in Bremen, Germany, on Oct. 30, 1902. He arrived in Galveston a few weeks later in the frenzy of the city’s rebuilding efforts after the Great Storm of 1900. There was plenty of work for a stone mason.
Muenster’s wife followed a few months later on the same ship, coaxing extra potatoes from the German cooks to help feed her five children. Her oldest, a 6-year-old girl, was the mother of 79-year-old Pete Rygaard of Dickinson, who is the 60-year husband of Mary Lou Blair Rygaard. Her family came to Galveston in 1911 from Alsace-Lorraine, also on the SS Frankfurt.
“My grandparents wanted to come here for the opportunities and a better quality of life,” Rygaard said. “Things were bad in Germany and they’d heard – I guess from other immigrants – that there was a better life here.”
He and Mary Lou are two of the many hundreds of thousands of descendants of immigrants – from Europe, Mexico, South and Central America and Asia – whose first glimpse of America was the flat, bustling port city of Galveston – called “the Ellis Island of the South.”To read the rest of the article, click here.
- November 2 , 2009
-
USS NEW YORK -- Here She Comes To N.Y. Harbor
Click picture to see larger version.Hi Maritime Friends --
The USS NEW YORK is coming your way!!!!
My husband was a member of the electrical test crew on the USS NEW YORK during construction at Avondale Shipyards near New Orleans until he retired at the end of June (right before the ship left on builder's trials). I didn't tour this one, but had gone on identical sister ship USS NEW ORLEANS a couple of years ago. The stealth design is really breathtaking.
If you get a chance while she is in New York, please do not miss seeing/touring her. [Shortcut to: http://ussny.org/]
(See more sites/photos below)
Joanell D. Clelland
Phelps Dunbar
New Orleans, LA
Click each picture to see a larger version of it:
For more information, please see the USS NEW YORK website:
http://ussny.org/
and read the following article about the ship's departure from New Orleans:
http://www.wwltv.com/local/stories/wwl101309cbnewyork.213a3f102.html
October 2009
- October 26 , 2009
- Emery W. Harper (1936-2009)
On Monday, October 26th, our dear friend and NYMAR member Emery Harper passed following complications from surgery, leaving his partner Louis (Luigi) Terruso, his daughter Caroline (Carrie), and the maritime world with a void that will be difficult to fill. Where do you look for someone with Emery’s wit, intelligence and compassion for others? Under what title do you find an unceasing commitment to excellence in the maritime and legal fields?Emery practiced law for 45 years, representing the full spectrum of clients with major interests in the shipping industry. He founded the Maritime Finance Committee of the US Maritime Law Association, was Chair of the Admiralty Committee of the Association of the Bar of the City of New York and the International Section of the American Bar Association. He served in an advisory role to UNCTAD and IMO in their joint review of the national laws governing maritime liens and mortgages and played an active role in the formulation of the International Convention adopted in 1993. Mr. Harper played a major role in the reformation of the US Ship Mortgage Act and the US “Jones Act” governing participation by non-US citizens in the coastwise trade.
To read the rest of the article, click here.
- October 23, 2009
- Has the Specter of Rule B Dispersed?
A commentary by Larry Rutkowski, Vice Chairman of NYMAR and a Partner of Seward & Kissel LLP
As I sit here, a week after the Second Circuit Court of Appeals decision in The Shipping Corporation of India Ltd, v. Jaldhi Overseas PTE Ltd., the instantly famous appellate court case ruling that electronic funds transfers (EFTs) are not “property” subject to attachment under Rule B of the Supplemental Rules for Certain Admiralty and Maritime Claims (Rule B), emails (mostly from foreign law firms – the U.S. firms had their emails out by last Friday) continue to flood my in-box proclaiming the death of Rule B.
Rule B is, of course, that handy pre-judgment attachment tool used by claimants that has wreaked so much havoc in the shipping and banking markets (and in the process delivered so much work to New York maritime attorneys). Some of the assertions in these emails are overstate the scope of the court’s ruling (one news item from a London based law firm announced Jahldi has “effectively put an end to Rule B attachment proceedings in New York”), while another (this one from a South African firm), shamelessly reminds us that, in the wake of Jahldi, other “tried and tested means of obtaining security” for maritime claims remain (at least in South Africa). Well, for one, I neither acknowledge the demise of Rule B nor mourn its now reduced firepower in the arms of maritime claimants.To read the rest of the article, click here.
October 19, 2009-
New York welcomes Baltic's plan for $230m flotation (featuring NYMAR's Peter Shaerf)
Lloyd's List has recently featured an article on NYMAR.
- Excerpt:
Shipping is making a return to capital markets although junk bond issues are expected to dominate.
"With the doors of shipping banks closed in any case, and when high-yield offerings in New York are skyrocketing, who would want to miss the opportunity to get rid of the bank debts altogether?" -- Peter Shaerf, chairman of New York Maritime
May 2009
- May 10 , 2009
-
Massachusetts Maritime Academy Internship Opportunities
Dr. Bani Ghosh of Massachusetts Maritime Academy writes:
- I have some excellent students in International Maritime Business graduating
this June who are looking for employment in the maritime business sector. I
am also writing to explore internship opportunities for our students for
the July and August period, 2009 in your organization.
At MMA, a cooperative education assignment or an internship would be a 6 credit bearing experience for the student and they are required to complete a minimum 240 hours in a six to eight week period.
I am placing students in our International Maritime Business major, a field
of study that includes course work in such topics as chartering and
brokerage,global logistics, port and terminals management, supply chain
management, finance, accounting, international business, organizational
management, marine insurance, quantitative methods of management, admiralty law, e-commerce and computer applications, to name a few.
Please feel free to contact me if I can answer any further questions.
Thank you and best regards,
Bani
Dr. Bani Ghosh
Chair, International Maritime Business Department
Massachusetts Maritime Academy
Phone: 508 830 5000 ext: 2112
Email: bghosh@maritime.edu
Website: www.maritime.edu/l2.cfm?page=87&dept=888
August 2008
- August 11, 2008
-
Putting the salt back in the
Big Apple
Journal of Commerce has recently featured an article on NYMAR.
- Excerpt:
(NYMAR) is not trying to bring back the offices or the ships, but to tap into the millions of dollars of legal, financial and insurance services that New York can provide to the industry. NYMAR was started by a group of maritime lawyers five years ago. It has launched a campaign this year to reach out beyond just the legal community.
June 2008
- June 23, 2008
-
Lloyd’s List’s Michael Grey salutes New York
Lloyd’s List has recently featured an article on New York.
Excerpt:
The Big Apple for orders last week; always a fun experience going to this famous shipping city. It is experiencing a considerable renaissance after many years of relative gloom, when the shipping industry, like everyone else, seemed to be moving away.
May 2008
- May 30, 2008
-
NYMAR Opens NASDAQ
Click picture to see larger version.NYMAR made history by being the first maritime organization asked to open the NASDAQ. As passionate as we all are about the maritime industry, we heard the NASDAQ team state how important the shipping industry is, and how NYMAR is leading the charge in raising awareness in New York.
Members should be proud at what has happened in the past few months with NYMAR, under Peter Shaerf's leadership, and encourage your fellow New York maritime industry leaders to join the organization and help us spread the word and strengthen our voice.
We will have the actual footage from the studio within the next few weeks and will have it posted to the web site. Also attached are a few photos from the ceremonies and more info will follow.
Regarding coverage, we are pleased to report that the following networks carried the opening of the market today: CNBC, CNBC India, CNBC.com, Fox Business Network, KTVU, NDTV (New Delhi), Business News Network (Canada), & Bloomberg Brazil!
For more information, please see the NASDAQ website:
http://www.nasdaq.com/reference/200805/market_open_053008.stmClick each picture to see a larger version of it:
- May 23, 2008
-
New York backs NYMAR ‘shipping capital’ plans
Lloyd’s List has recently featured an article on NYMAR.
Excerpt:
New York City has announced its official support for the Peter Shaerf-led New York Maritime’s bold effort to make the Big Apple the “capital for shipping”.
New York City Economic Development Corporation president Seth Pinsky announced the backing during an interview with Lloyd’s List, describing Nymar and Mr Shaerf as “worthy of applause”.
March 2008
- March 13, 2008
-
New York cluster builds its brand around money
Fairplay has recently featured an article on NYMAR.
Excerpt:
The new president is steering the New York Maritime Association in a new direction, stressing the Big Apple’s capital access as the cluster’s lure.
January 2008
- January 10, 2008
- Lloyd’s List has recently featured two NYMAR-related articles. Please follow the links to read the articles.
New York bids to lure London Greeks to new ‘shipping capital’
Excerpt:
New York’s maritime cluster has launched a bold bid to lure discontented London Greek shipowners away from the UK.
Peter Shaerf, the New York investment banker, has taken over as chairman of the non-profit promotional body New York Maritime Inc, with the avowed intention of making New York City the “capital for shipping.”
NYMAR tells the Greeks to take a bite of the Big Apple
Excerpt:
DEAR Greek Shipping Community in London,
Over the past few months we have read of your concerns regarding the changes in the London business environment...To remedy that, New York Maritime, Inc wishes to underscore the benefits of doing business in New York, and invites you to relocate your businesses to the New York metropolitan area. You will be greeted with open arms.
