Port Bureau Updates
February Commerce Club
David Arsenault, Hyundai Merchant Marine America and Hyundai America Shipping Agency
David Arsenault, president and CEO of Hyundai Merchant Marine America and Hyundai America Shipping Agency, is the featured speaker at the February Commerce Club luncheon at Brady’s Landing on Thursday, February 11, 2016.
As president and CEO, Mr. Arsenault is responsible for North, Central & South America. He is a graduate of the United States Merchant Marine Academy in Kings Point, New York, where he obtained a Bachelor of Science Degree, a Merchant Marine Officer 3rd Mates License, and a commission as a U.S. Naval Reserve Officer.
Mr. Arsenault is an industry veteran with over 28 years of experience in operations, sales, trade management, technology, and logistics, including five years in Asia serving as Country Manager in Thailand and later Taiwan for Sea-Land Service. He spent time on the 3PL side of the business during the integration of Buyers Consolidators with Mercantile to create Maersk Logistics. Mr. Arsenault transitioned into the maritime technology side of the industry while working at GT Nexus before becoming SVP at Globe Wireless. Mr. Arsenault joined Hyundai Merchant Marine (HMM) in 2004, where he was responsible for sales, before being promoted to his current role in January 2015 as the first localized president & CEO in the history of HMM.
Register now by visiting www.txgulf.org/commerceclub.php or by calling the Port Bureau at (713) 678-4300.
Coming soon – the 2016 Port Bureau Membership Directory
Join leading firms in the port region’s most popular year-round reference! Published in the spring, our annual Membership Directory includes a full page profile of every member company in the Port Bureau, making it an essential marketing and business development tool.
- Company logo, website, and primary address and telephone numbers
- Two company contacts, with space for title, email addresses, and mobile phones numbers
- Introductory descriptive paragraph
- Services provided bullet points or room for additional descriptive content
- Company name/company type indexing
Want to stand out? Purchase a directory ad to run adjacent to your member profile page.
Call the Port Bureau at (713) 678-4300 for more information.
Port Bureau Member News
Lifting Oil Export Restrictions Elevates Prospects for Texas Ports
Texas ports stand to benefit from recent legislation passed by lawmakers lifting the 40-year ban on crude oil exports. The extensive network of infrastructure existing along the coast and easy access to shipping lanes to Europe and Asia are seen as positives for exporting growth by industry watchers. Adapting port facilities to add the loading of crude oil to tankers could happen swiftly in terminals that have been expertly off-loading crude for years.
“This represents the most substantial energy policy enacted in a generation,” said Congressman Joe Barton (R-TX), who introduced legislation to lift the ban last February. “We have given all Americans a big Christmas present . . . Lifting the ban will have an immediate impact on all Texans.”
The measure to lift the ban was part of a $1.1 trillion spending bill that also includes adopting environmental and renewal energy measures. President Obama signed the bill into law on Friday, December 18, 2015. U.S. oil producers, looking to expand their customer base, will now be able to sell crude oil to the international market. Currently, the bulk of domestic oil production comes from shale. Advocates of lifting the ban, enacted during the Arab oil embargo in the 1970s, believe its removal will stimulate the economy as well as boost national security. Opponents feel the ban’s removal will lead to job loss and an increase in environmental risks.
To alleviate concerns that the ban’s removal could lead to high gasoline prices, the bill provides for the president to restrict oil exports under certain circumstances for up to one year. This includes cases of supply shortage or if oil prices climb significantly higher than global levels.
CAPT Diehl Serves on Senator Cornyn’s 2015 Service Academy Board
CAPT Bill Diehl, president of the Greater Houston Port Bureau, participated on Senator John Cornyn’s 2015 Service Academy Board, adding his perspective to the committee’s resources in selecting applicants for nomination to the U.S. Service Academies. Applicants considered for admission must be a United States citizen, at least 17 years old but no more than 23 on July 1st the year of admission, and unmarried with no dependents. Senator Cornyn’s nominees must also be legal residents of the state of Texas.
The Board reviews comprehensive applications that include standardized test scores, school transcripts, personal essays, and more.
Charterers Utilize RightShip’s Greenhouse Gas Emissions Rating Tool
Industry leaders are utilizing RightShip’s Greenhouse Gas Emissions Rating tool to find the more efficient vessels to meet their needs. Developed in 2010 and allowing charters and other stakeholders to assess the efficiency of vessels, the Greenhouse Gas Emissions Rating tool is available free of charge to all RightShip customers at www.rightship.com and at ShippingEfficiency.org.
“This is good news for the environment; it’s good news for our customers as it supports their company corporate social responsibility policy while saving them money through a reduced bunker bill, and it’s good news for those shippers that invest in efficient vessels. With the continued oversupply of ships in the market, it is a form of natural selection as more efficient vessels are selected,” said RightShip CEO Warwick Norman.
Catapult signs Memorandum of Understanding for Joint Activities with JAMSS
The Satellite Applications Catapult signed a Memorandum of Understanding (MoU) with JAMSS America Inc. (JAI) to create a framework of activities between the two organizations. The signing took place at 1200 noon CST on the Catapult / Innovate UK stand at the SpaceCom Conference in Houston on November 19, 2015. Under the terms of the MoU, Catapult and JAI will cooperate to stimulate further commercialization of their respective space applications technologies and facilities. The agreement has a particular view on delivering their products and services into business opportunities in the UK, U.S., Japan, and other international regions.
“This MoU is a significant milestone in the Catapult’s ongoing development, with regard to our activities in the U.S. and our growing international reach,” said Stuart Martin, CEO of the Satellite Applications Catapult. “Since early 2015, we’ve met several times with JAI to discuss cooperation in the commercialization of both organizations’ space application technologies. Looking ahead over the next 1-2 years, we’ve identified several major business opportunities to learn from each other and forge joint new business activities.”
- Date January 14, 2016
- Tags January 2016