“Judge Feldman recognized the potential for the ban to cause significant economic harm to our country and the Gulf Coast, not to mention the damage it would do to America's maritime industry,” said OMSA President Ken Wells, in a statement.
'Our members are not the drilling companies or the oil companies. They are the companies that carry supplies and people to and from the offshore energy projects. Even though they had nothing to do with the BP accident, it was clear that they would bear the brunt of the negative consequences of the ban. While this is clearly not the end of the legal process, it is extremely good news and gives our industry hope that we will survive this government action,' Wells said.
The moratorium's impact has started to be felt by the OMSA members. In the past week, the association's members reported that more than 40 vessels have lost work because of the deepwater moratorium and the de facto moratorium that was placed on shallow-water drilling.
Additionally, plans to build new vessels in U.S. shipyards have largely been cancelled, raising the potential for thousands of layoffs in that sector. 'The impact is spreading nationally as vessel companies cancel millions of dollars of engines, electronics equipment and other capital purchases,' Wells said.
'We need to make sure drilling is done safely, but we also need to make sure we don't stop drilling altogether and leave our country at the whim of foreign oil producing countries,' he added. 'This ruling gives us hope that we can go back to work.'
However, Interior Secretary Ken Salazar responded Tuesday evening to the federal judge's action to block the moratorium on deepwater drilling by stating he will issue a new order against drilling. ' Chris Gillis
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now