May - Harley Marine Services, Inc.

Transcription

A HARLEY MARINE SERVICES PUBLICATION / MAY 2016

Harley Franco, ‘Distinguished Business Law
Graduate’


Vessel Signing at Gunderson
Leading the Way in Sustainability &
Stewardship
2 / Harley Marine Services / A Full Ser vice Mar itime Company / May 2016
Photos from the Lewis & Clark Law School Business Law Lunch.
Harley Franco, Distinguished Business Law Graduate
On Thursday, April 21st, Harley Marine Chairman and
CEO, Harley Franco, was recognized by Lewis & Clark
Law School as their 2016 Distinguished Business Law
Graduate.
This year 142 people attended the luncheon, including
students, faculty, student mentors, donors, business
lawyers and members of the Portland Business
community.
Recipients of this award have demonstrated exemplary
leadership, have made a positive mark on the legal or
business profession, and their accomplishments have
brought honor and distinction to the Law School.
Previous recipients of the Distinguished Business Law
Graduate Award include: Gary Grenley '75, Sen. Betsy
Johnson ’77, D. Hernández ’00, Ying Chen ’95, Jordan
Schnitzer ’76, Michael T. Winslow ’80, Trudy Allen ’82,
Jeff B. Curtis ’86, and Wayne Perry ’75.
Each year the Lewis & Clark Business Law Spring
Luncheon is an opportunity to celebrate the
accomplishments of business law students and to thank
the many members of the community who lend their
time, resources, and talents to the curricular and
extracurricular activities of the Business Law Program.
A video that was shared with the guests of the Spring
Luncheon can be viewed here.
Photos of the Vessel Signing at Gunderson Shipyard.
Vessel Signing at Gunderson Shipyard
Gunderson employees gathered on Thursday, April 21st
to witness the official signing of contracts for Gunderson
shipyard to build two articulated ocean-going (ATB)
barges for Harley Marine Services.
Harley Marine Chairman and CEO, Harley Franco,
addressed Gunderson employees’ reputation and ability
to deliver superior products.
Gunderson Marine, a division of the Greenbrier
Companies, Inc., has previously built two other barges
for Harley Marine, the DUGAN PEARSALL in 2008,
and WEBB MOFFETT in 2009.
Gunderson is set to begin construction of the two barges
in mid-2016, which will each be 340 feet long, with a
carrying capacity of 82,000 barrels.
To view the video of the contract signing click here.
To read the press release click here.
The Robert & Jean Reid Family Innovative Therapeutics & Research Unit
Harley and Lela Franco and Harley Marine Services have
been recognized for their support of Swedish Cancer
Institute (SCI), by the naming of the Family Lounge of
new clinical trials unit, the Robert and Jean Reid Family
Innovative Therapeutics and Research Unit (ITU).
This unit will focus on biological investigational
therapies by the SCI Personalized Medicine Program.
Aside from expanding clinical trials and research
programs at Swedish for cancer, this unit will also double
the number of early phase I clinical trials.
Thanks to this unit, cancer patients will now have access
to more new agents, ground-breaking cancer treatments
and technologies.
Patrick Ruane from Thomas Miller
Insurance Services, and his team
decked out in Harley Marine gear.
Annie Hall Visits the ANNE ELIZABETH
By Jennifer Beckman
On April 20th, Annie Hall, and her father Peter, came to
Millennium Maritime to see the barge named after her:
the ANNE ELIZABETH. Annie has lived with cystic
fibrosis all of her life. She had not seen the barge since
she Christened it in Portland, Oregon in 2010.
The Anne Elizabeth is a 30,000 bbl tank barge currently
working in the Westoil fleet delivering bunkers in the
ports of Los Angeles/Long Beach.
“We cannot thank [Millennium Maritime] enough for the
wonderful morning we spent [there]. True hospitality and
true class, as Harley Marine always does.” - Peter Hall
uality Factor
Quality at Harley Marine
By Jim Flies, CSP
The OCIMF (Oil Companies International Marine
Forum) maintains and operates a program called the
Tanker Management and Self Assessment (TMSA). The
TMSA started out in 2004 as a means to measure and
enhance the safety management of oil tankers. The
TMSA utilizes recognized industry best practices to
guide key performance indicators as standards. Then a
company’s management systems are assessed in
comparison. The TMSAs intent is to drive continual
improvement for safety standards and environmental
performance. The TMSA is important to Harley Marine.
As an ISO 9001 company we are obligated to meet the
needs of our customers. The TMSA provides a
convenient mechanism to understand our customer’s
interests and expectations.
The Tanker Management Self Assessment, consists of
more than 250 questions separated in to 24 different
elements. Each element has four stages that are
increasingly more complex and difficult to achieve. Each
stage contains anywhere from one to five questions. The
Elements cover a variety of topics from, “Management,
leadership and accountability” to “Measurement, analysis
and improvement.” When we are able to demonstrate
our capacity at a lower stage we then progress to the next
more comprehensive level.
The TMSA Audit starts with an office visit by
representatives from an OCIMF member company. The
Audit may stretch from two to three days. The auditors
will review the elements of the TMSA with HMS
Management. Frequently, Harley Marine managers are
asked to demonstrate and provide evidence of how
Harley Marine complies with specific elements of the
TMSA. Some auditors will dive deep in to certain
elements while other auditors will take a more surface
level approach. Every TMSA audit is a learning
experience. In the closing meeting, the lead auditor will
present any findings and may offer suggestions for
company improvement.
The TMSA like the ISO standards and OHSAS 18001,
compel Harley Marine to continually improve in many
areas. Continual improvement is a hallmark of Harley
Marine. We pride ourselves on our ISO standards and an
adherence to the ideals of ‘employee safety and
environmental stewardship.’ Our Quality Systems and
the TMSA calls on Harley Marine to continually improve
our focus and attention, on our business practices as well
as the safety of our crews and protection of the
environment; and that is a great collateral benefit.
afety Corner
Job Safety Assessment (Taking Safety Home)
By Rich Softye
You may have heard the term “JSA” bandied about on the marine operations side of the HMS house. A JSA is to be
performed before critical operations are undertaken by our crews manning our tugs and barges. The JSA however is
something we should all use in our everyday lives when undertaking a new task that you may not have performed
before when there is some risk involved.
The basics for performing the Job Safety Assessment are as follows: 1. List all of the Steps necessary to complete a
task. 2. What are the Hazards associated with each step, then lastly 3. Identify the Controls to reduce the risk.
Example: I am going to paint my house using a ladder:
Step 1
Assemble all of the equipment.
Hazard
Hastily gather equipment piece Controls
by piece without a plan causing
frequent running about, going
to the basement, garage, etc.—
possibly causing trips, slips,
and falls.
Make a list and assemble all
materials in one convenient
location well before
commencement of painting.
Step 2
Laying down tarps.
Hazard
Tripping hazard associated with Controls
tarps.
Use a strong drop cloth that is
not slippery.
Step 3
Mixing paint.
Hazard
Splashing the paint possible
spilling on surfaces and casing
paint to get on skin and/or in
your eyes.
Controls
Wear safety glasses, vinyl
gloves if skin is sensitive, stir
slowly and have plenty of rags
available for immediate
cleanup.
Step 4
Climbing the ladder to
commence painting.
Hazard
Slipping and losing balance.
Controls
Place ladder on even surface
and at a correct angle, tie ladder
off if possible, wear sturdy
shoes to support feet.
This example should make you think of many chores around the house that can be done a little more safely, by just
thinking about the steps, the hazards and the controls. Examples: mowing the lawn, clipping bushes and shrubs,
changing a car tire, cleaning windows, etc... Keep it safe!
afety Corner
Safety Incentive Program (SIP)
By Mindy Buxton
Congratulations to Captain Timothy Picou, the 2015 Harley
Marine Safety Incentive Program Winner. As his grand
prize, he and his family vacationed to Disney World in
Orlando, FL. Captain Picou’s family said they had a
wonderful vacation.
Captain Picou explains that anybody can have a chance to
win the annual award just by submitting a safety article, a
safety tip, complete JSAs, and generate Near Miss Reports.
Captain Picou further comments that these tasks only take 15
minutes of your time and are well worth it; not only to win a
great vacation but to help better our company to be the
industry leader.
Captain Timothy Picou, his wife Mary and their two grandchildren Allayha
and Riley waiting to go see frozen musical live on stage.
“It’s not hard to win this opportunity. We do it by being safe
and efficient. Safety is a big part of our industry, it’s up to
us to make this happen. By writing articles, it lets other
employees in the company read them to help become safety
leaders. Once again, thank you, Harley and Lela Franco.”
During training at Harley Marine Gulf, Seamen's Church pastor, Michael Nations presented TKM Raul Gomez with a U.S. Merchant Marine Flag in Memory of CAPT Joe
Drummonds, to be placed on the DIABLO. To read more about Joe Drummonds, read page 14 in the April issue of Soundings.
entoring
Crewmembers of Harley Marine Gulf vessels in attendance at the Captains and Tankermen Meeting in Channelview, TX.
Mentoring at Harley Marine Gulf
By Bowman Harvey
HMG met in Houston for the bi-annual captains/
tankerman conference last month. Topics ranged from
health, safety, quality and environmental to proper
companywide communication. Subject matter experts
from Harley Marine Services World Headquarters
presented in order to help build on a culture of mentoring
that extends to every region we operate in.
Group mentoring is an effective way to share industry
knowledge to many individuals at a time while helping to
exemplify the type of learning atmosphere HMS has
become known for. By no means was this a one way
passage of knowledge; management and executives had
the opportunity to receive feedback on what is working
in the Gulf as well as areas we can continue to grow into.
Conferences, lunch and learns, and individual one-on-one
partnerships are what help propel Mentoring Program
participants into the next level of their career. We have
no doubt that as the years pass, many of the tankerman at
today’s conferences will be returning as captains in the
years to come. Keep it up HMG!
raining
Harley Marine Training—Preparing for Success
By Natalie Frank
Harley Marine employees were actively involved in
training programs across the country this month. A group
of engineers came to Seattle for the MITGAS – PMI
Engine Resource Management course where they not
only gained a better knowledge of Coast Guard
regulations, but how their roles in the engine room
contribute to safe and effective ship operation.
There was a weeklong Leadership Seminar in the Gulf
for Captain’s and Tankermen to refresh their awareness
of company policies and procedures. Representatives
from numerous departments gave presentations to
enhance the operational knowledge and efficiency of our
crews.
The month wrapped up with a Leadership and
Managerial Skills class at WHQ for Captains and Mates
and an ATB Training course in Seattle. The training
presented in the Leadership and Managerial Skills course
included addressing issues of interpersonal conduct,
communication, and resource management. This class
was designed to give senior crew members the tools
necessary to be effective leaders while running a vessel.
There were numerous First Aid/CPR/AED classes
conducted this month including two back to back classes
in Seattle, a huge class in the Gulf in conjunction with
the leadership seminar, and another one down in Los
Angeles.
Looking ahead, training will continue to be offered for
HMS employees. There will be an ATB training course
at PMI next month as well as another Leadership Course
here at WHQ. As HMS continues to grow, quality
training programs are paramount to success. It keeps
employees safe, and prevents incidents, accidents, and
environmental damage.
And as a friendly reminder, there are in house respirator fit test administrators as well as first aid trainers in every region!
Respirator Fit Test Administrators

Seattle – Jim Flies, Dan Allnoch, Matt Hammond, Rob Sortor,
Byron Peterson, Dave Boutte, Jeff Harrison, Eric Skewis, Ravi
Sekhon, Bowman Harvey, Andrea Carey, Natalie Frank

Portland – Kirk Bonnin, Kevin Buffum

Alameda – Dan Morrison

LA – Andre Nault, Brian Vartan, Mike Golden, Kelly Moore,
Rosie Chavez

Gulf – Carl Fessler, Clem Mabile, Mike Mayfield, Stacy Deloach, Brian Brown, Steve Estep, Brian Brown and Jon Hill

NY – Chuck Grabois

Alaska – Chris Iszler, Jim Chierchetti
First Aid Trainers

A First Aid training source list for each region is attached.

There are 9 certified First Aid trainers:

Seattle –Jim Flies, Bowman Harvey, Natalie Frank, Ravi
Sekhon

Portland – Kevin Buffum

LA – Rosie Chavez

Gulf – Brian Brown, Jon Hill

NY – Chuck Grabois
In addition, the Hazwoper refresher course Jim Flies made is on the VCC and Portal.
HARLEY MARINE SERVICES
TIER 4
The world’s first Tier 4 tractor tug powered with CAT 3516
main propulsion engines. CAT’s Tier 4 technology exceeds
even the toughest of all marine world emission standards.
Length: 120 ft. | Beam: 35 ft. | Depth: 19 ft. 3 in. | Horsepower: 5,350
The GREENEST tugs in the World are in the
Harley Marine fleet.
www.harleymarine.com
oing Green
With Harley Marine
Leading the Way in Sustainability and Stewardship
By Natalie Frank
Harley Marine leads the maritime industry when it comes
to sustainability and efficiency. We participate in a
dynamic collaboration with Caterpillar Inc. to bring the
most technically and environmentally advanced marine
engines to our harbors.
The enhancement of our engines significantly reduces
engine emissions. Our newer tractor tugs have been built
with Tier 3 engines which reduce Nitrogen Oxides and
particulate matter amounts by about seventy-four percent
(74%) from a Tier II engine and almost ninety percent
(90%) from a Tier 0 engine.
Vessels are continually upgraded with top of the line
engines and we have already successfully enhanced close
to 50% of our tugboat fleet in the last few years.
Currently under construction at Portland-based
Diversified Marine Inc. sits the Earl W Redd, the first
tractor tug in North America to feature Tier 4 Cat 3516
main engines.
Set for delivery later this year, the tug will be among
some of the most efficient and environmentally conscious vessels in the world. This continues Harley
Marine’s trend of addressing upcoming EPA emission
regulations and reducing our carbon footprint.
Harley Marine operate one of the cleanest, most efficient
tug and barge fleets in the world, and the addition of the
Earl W Redd—our greenest vessel yet—will help us
continue that precedent for years to come.
oing Green
With Harley Marine
#MeatlessMonday
By Kevin Buffum
When it comes to saving energy, the real superpower is
YOU! Every choice you make counts. Choosing to go
meatless one day a week can save significant energy
resources. Here’s why.
Let’s break it down: with the energy it takes to create one
burger you could charge your iPhone for 4.5 years.
To produce one pound of grain-fed beef in the United
States takes about a gallon of gasoline. To provide the
American family of four with their average annual beef
consumption requires over 284 gallons of fossil fuel. And
that’s just one family. If we take the huge amount of
grain the global meat industry uses to put beef on our
plates, we could literally feed—for the same amount of
energy—about 840 million people worldwide.
Dining on healthy meatless dishes one day a week is a
super-powerful way to save energy and help the planet.
Let’s go for it!
Or, forgo that burger and save the carbon equivalent of
driving your car every day for a month.
For more information and great recipe ideas go to:
http://www.meatlessmonday.com/
Dutch Harbor, AK
By Matt Gullickson
On Thursday, March 24th Harley Marine received a call
from Enterprise saying that their fishing vessel, ISLAND
ENTERPRISE, was disabled in Dutch Harbor, AK and
would need to be towed from Dutch Harbor to Tacoma,
WA. The ISLAND ENTERPRISE’s rudder was broken
and would need to be replaced in order to be mobile
again.
The GYRFALCON, which was on its way to Seattle,
WA for dry docking, was asked to return to Dutch
Harbor for the tow. The GYRFALCON arrived in Dutch
Harbor on March 28th, left Alaska with the ISLAND
ENTERPRISE on April 2nd, and arrived safely to Seattle
on April 19th.
Our Healthcare Plan Year is changing to June 1st through May 31st.
Instead of making significant cost sharing changes this year, Harley Marine Services has decided
to make several small changes to our annual deductible, office visit copays, prescription copays,
etc. We have decided not to increase our calendar year out-of-pocket maximums. Starting June
1st, you will have access to Cigna’s large network of doctors throughout the country.
Voluntary Benefits: Unum is our service provider for all of our voluntary benefits.
Good news: They are now offering three additional voluntary options: Accident, Critical Illness
and Whole Life Insurance.
Bad news: Unum has not increased our rates for six years. Due to high claim costs and the
increases in healthcare, they have decided to implement some significant increases this
year. You will see the new rates as you go through the Open Enrollment process at
www.EnrollVB.com/HMS.
Healthcare/Dependent Care Flexible Spending Account (FSA) Benefit: For those of you
who participated in the Healthcare FSA last year and have a carryover balance, you will be able
to incur claims through May 31st. Enrolling in a Flexible Spending Account is a great way to
save for you and your dependent’s medical, dental, and vision expenses by setting aside pretax
dollars through payroll deduction. If you have children in daycare, you may want to consider
enrolling in a Dependent Care FSA.
Reminder: Open Enrollment ends on Monday, May 23rd.
DEDUCTIBLES & OUT-OF-POCKET MAXIMUMS
DESCRIPTION
PREFERRED PROVIDER
NON-PREFERRED PROVIDER
Deductible
$650/Individual
$700/Individual
Applies to all services, unless otherwise noted.
$1,950/Family per Calendar
Year
$2,100/Family per Calendar Year
NOTE: Covered expenses applied to the Preferred Provider Deductible will also apply to the Non-Preferred Provider Deductible.
EXCEPTION: Out of pocket expenses for allowable deductibles on non-preferred ambulance and emergency room services will apply to
the preferred provider deductible.
Out of Pocket Maximums
$3,500/Individual
$10,000/Individual
Benefits are paid at 100% if out of pocket
medical expenses reach these amounts.
Year
$30,000/Family per Calendar Year
Allowable expenses include coinsurance only.
Allowable expenses include
deductibles, copays and coinsurance.
NOTE: Both the preferred and non-preferred provider out of pocket maximums accrue separately from, and exclusive of, each other.
EXCEPTION: Out of pocket expenses for allowable deductibles, copays and coinsurance on non-preferred provider ambulance &
emergency room services will apply to the preferred provider
Outpatient Prescription Drug Out of Pocket
Maximums
Benefits are increased to 100% payment if out
of pocket copays reach these amounts.
$3,100/Individual
UNLIMITED
Year
Only services from member pharmacies apply to the
prescription drug (Rx) out of pocket maximum.
MEDICAL BENEFITS - Trusteed Plans Service Corporation Group Number 45550
(253) 564-5850
Benefit changes are effective June 1, 2016
Deductible, out-of-pocket and benefit limits are calendar year (January 1 - December 31).
Please consult your Summary Plan Description for exclusions, limitations, and a more complete
listing of benefits.
Medical Plan Administered by TPSC
Group Number 45550
Calendar Year Deductible
Per Person
Maximum Per Family
Coinsurance
Professional Services
Facility Services
Calendar Year Out-of-Pocket Maximum
Per Person
Maximum Per Family
Office Visits
Routine X-Ray & Lab
Copay
Preventive Care
Copay
Wellness X-Ray & Lab
Coinsurance
Diagnostic X-Ray & Lab
(Diagnostic testing, laboratory, MRI & x-rays
combined)
Mammograms
Preventive
Other mammograms
Medical Facility Services
Inpatient
Outpatient
Mental Health Care
Outpatient
Inpatient
Rehabilitation Services
Inpatient limited to 12 days per condition
Outpatient Physical, Speech & Occupational Therapy
- limited to 20 visits combined per Calendar Year
Smoking Cessation
Smoking Cessation
Temporomandibular Joint Disorder
Temporomandibular Joint Disorder
Other Services
Alternative Care benefit
Chiropractic Care
Ambulance
Chemical Dependency Treatment
Durable Medical Equipment
Emergency Room - copay waived if admitted
Non-Preferred Providers
Preferred Provider
CIGNA www.cigna.com is the Preferred provider network used in ALL states.
$650
$1,950
100%
100%
$3,500
$7,000
Subject to deductible, then paid in full
$25 copay, deductible waived
100% deductible waived
100%
Subject to deductible, then paid in full up to $500 per calendar year.
Subject to deductible, then paid in full up up to $55 per session. Limited to 20
visits per calendar year.
Subject to deductible, then paid at 80%
$350 copay, Subject to deductible, then paid at 90%
Calendar Year Deductible
Coinsurance
$700 per person (3x family)
Most services are paid at 50% and balance billing may apply
Calendar Year Out-of-Pocket Maximum
$10,000 per person (3x family)
Power Up with Breakfast
Breakfast gives you energy to start the day. A healthy breakfast is important for everyone. Get the morning
nutrition you need with these quick breakfast ideas.

Make instant oatmeal with low-fat milk instead of water.
Toss in raisins or dried cranberries and chopped walnuts

Layer low-fat plain yogurt with your favorite crunchy
cereal and blueberries

Blend a breakfast smoothie with low-fat milk, frozen
strawberries and a banana

Make one packet of microwave oatmeal with low-fat milk.
Mix in 1/4 cup unsweetened applesauce. Sprinkle with
apple pie spice or cinnamon
If your taste buds just don’t crave breakfast foods,
try these:

Peanut butter and banana sandwich on
whole-grain bread

Leftover veggie pizza

Top a toaster waffle with low-fat yogurt and peach slices

Stuff a whole-wheat pita with a sliced, hard-cooked egg
and low-fat shredded cheese

Deli turkey, a slice of low-fat cheese and
lettuce wrapped in a tortilla

Spread a flour tortilla with peanut butter. Add a whole
banana and roll it up

Leftover rice mixed with low-fat yogurt, dried
fruit and nuts. Sprinkle with cinnamon

Spread low-fat cream cheese on a whole-grain toasted
bagel. Top with sliced strawberries

Add lean ham and low-fat Swiss cheese to a toasted whole
-grain English muffin
Power up with a healthy breakfast and you’re off
to a great start!
Mediterranean Barley
Ingredients:
1 cup barley
2 ½ cups water
7 sun-dried tomatoes
2 cloves garlic
2 tablespoons olive oil
1 tablespoon balsamic vinegar
½ finely chopped cilantro
1 can chopped black olives
2 tablespoons olive oil
1) Bring barley and water to a boil in a saucepan
over high heat.
2) Reduce heat to medium-low, cover, and simmer
until barley is tender, but still slightly firm in the
center. Leave for about 30 minutes.
3) Drain and cool to room temperature in a bowl.
4) Puree the sun-dried tomatoes, garlic, 2
tablespoons olive oil, and balsamic vinegar in a
blender until smooth. Pour over the barley.
5) Fold in the cilantro, olives, and remaining olive
oil until blended.
6) Cover, and refrigerate until cold. Stir before
serving.
Harley Marine New York
Harbor Island Bloodmobile!
Save the Dates!
July 28, 2016

8am to 10:30am to Crowley

12pm to 3pm at Harley Marine
October 24, 2016

8am to 10:30am at Harley Marine

12pm to 3pm at Vigor
The ANDREA in Delaware Bay.
By Ericka Stetson
Harley Marine New York marked its first coastwise trip in April, with
voyages to Groton, CT, as well as Pennsauken, NJ, located in
Delaware Bay. The company also traveled up the Hudson River to
complete work in Albany, NY, and Roseton, NY. Both crews of tug
ANDREA and the barge 2606, have worked to ensure cargo and other
vessel operations are on track to be completed accurately, safely and
efficiently. The voyages were part of the division’s ongoing
commercial partnership with Buckeye Energy Services.
Plan to give by making an appointment:
www.bloodworksnw.org/drives
The new ATB barge under construction at Zidell in Portland, OR.
East Coast Career Fairs
By Ericka Stetson
The week of April 4th, Harley Marine Services exhibited
at two East Coast Career Fairs. Here we are at the
United States Merchant Marine Academy of Kings Point
and Massachusetts Maritime Academy.
In the photo to the left is Vincent Catanese, Kings Point
alumnus and HMNY Tug Operations Supervisor, talking
with a cadet from Kings Point. Students were excited to
hear about Harley Marine Services as this was the first
time HMS had exhibited at Kings Point. To view open
positions please visit www.harleymarine.com/careers.asp
Tug MICHELLE SLOAN assisting tug ROBERT FRANCO as they move a barge in LA Tuesday, April 12 th.
Retirement Planning—First Quarter 2016 Market Commentary
A new phenomenon called Negative Interest Rate Policy (NIRP) became investors’ latest concern during the
first quarter of 2016. Countries including Japan, Sweden, Switzerland and Denmark have imposed NIRP on
bank deposits for two primary reasons. First, NIRP makes bank deposits less attractive and should spur banks
to lend and borrowers to spend. This should theoretically boost consumption, create investment and capital
spending, and ignite a virtuous cycle of growth. Second, negative rates should devalue a country’s currency,
thereby making that country’s exports more competitive abroad and making imports more expensive for
local consumers. Those positive effects have remained mostly theoretical thus far though, as the NIRP
economies remain mired in anemic recoveries. NIRP has largely ended the era of cooperative central bank
policy that followed the financial crisis of 2008. It has been replaced by a landscape of competitive currency
devaluations that ultimately benefits no one over the long term.
Another powerful distortion stems from the fact that much of the affected money was probably earmarked for
long term savings purposes. If an investor is saving money for retirement, then reducing the yield on her
savings will probably not spur her to go buy a car or iPhone with that money. Instead it will likely spur her
to invest in riskier assets, like longer term bonds, stocks and real estate. This is one area where NIRP has had
some success, as some of the gains in asset markets are attributable to interest rate policy. The question for
investors is whether negative rates can generate sufficient economic growth to offset the negative effects and
unintended consequences of overly-aggressive banking policies.
Administrative Questions
If you have questions regarding
your quarterly statement,
participant website, or plan
provisions, please contact your
plan administrator:
Moran Knobel
www.moranknobel.com
(425) 451-9389
1-800-451-9389
Investment Questions
If you have questions or need guidance with the fund options in your
retirement plan, please contact a
plan investment advisor:
Investment Market Results
The first quarter of 2016 was a tale of two halves. Equity markets tumbled close to bear market territory in
January and early February before rallying just enough to erase those losses over the balance of the quarter.
Several patterns that have held true for the past few years were disrupted this quarter, although it remains to
be seen whether these pattern reversals signal any sort of long term trend. Overall, the S&P 500 Stock Index
squeaked out a 1.35% gain for the quarter.
In our first relatively-mild pattern reversal, Large Company Stocks (up 0.75%) lagged behind both Small and
Mid-Sized Company Stocks (up 1.37% and 2.22%, respectively). Another shift in pattern came as “Value”
stocks (up 3.87%) significantly outperformed “Growth” (down 1.40%). With respect to industry sectors,
Healthcare (down 5.95%) and Financials (down 6.09%) were the only sectors with losses for the quarter.
Energy stocks (including oil company shares) were up 3.54%, reversing the downward slide of -22% in 2015.
Utilities were by far the best performing sub-sector with a gain of 15.09% for the quarter.
Internationally, emerging markets outperformed both developed markets and the US market for the first time
in several years. The MSCI Emerging Market Index gained 5.75%, versus a loss of 2.88% for the MSCI
Europe Asia Far East Index. Like the US, larger foreign stocks fared worse than their smaller counterparts.
Bonds had a strong quarter, boosted by optimism that the US Federal Reserve will not raise interest rates
soon. The Morningstar Short Term Bond, Intermediate Term Bond and Long Term Bond Indexes gained
1.28%, 2.60%, and 6.20% respectively.
Kibble & Prentice
888-GET-401K
888-438-4015
Plan Eligibility
You are eligible to enter your
retirement plan if you are a
non-union employee, age 18 or
older, and have completed 3
months of service.
Note: Union members (except
employees of Starlight Marine
Services and Harley Marine New
York) and non-resident aliens are
excluded from the company 401(k)
plan.
As the market approaches all-time highs once again in April, we are reminded how important it is to remain
invested during temporary corrections and turmoil.
These materials are produced by Kibble & Prentice/USI Insurance Services for educational purposes only. Certain information contained in these materials is considered proprietary information created by Kibble & Prentice/USI. Such
information shall not be used in any way, directly or indirectly, detrimental to Kibble & Prentice/USI and/or their affiliates. Neither Kibble & Prentice/USI nor any of its respective representatives or advisors has made or makes any
representation or warranty, expressed or implied, as to the accuracy or completeness of these materials. Neither Kibble & Prentice/USI nor their respective representatives or advisors shall have any liability resulting from the use of these
Materials or any errors or omission therein.
HMS MONTHLY
May Birthdays
Harley Marine Gulf
Steven Martin, 5/2
Tyler Anderson, 5/4
Daniel Shankle, 5/5
Trebor Roberge, 5/10
Randy Collins, 5/10
Kyle Jorden, 5/16
Michael Woolard, 5/18
Michael Shaw, 5/24
Adan Garcia, 5/25
Craig Charpentier, 5/26
Darrel Wheat, 5/26
Gerald Gamage, 5/26
Chad Bryant, 5/28
Millennium Maritime
Ben Okazaki, 5/21
Mario Meyers, 5/23
Ben Kotin, 5/30
Lorine Nuzum, 5/17
Eli De Los Santos, 5/18
Laura Gregorini, 5/23
Amy Obanion, 5/24
Harley Marine NY
John Walls, 5/2
John Curtis, 5/6
Daniel Oxford, 5/23
Olympic Tug & Barge
Fred Chambers-Piper, 5/1
Bart Sappington, 5/1
Brian Bamer, 5/3
Jonathan Garrison, 5/5
Stephen Sanders, 5/5
Timmy Ristvet, 5/6
James Whitney, 5/7
Patrick Harris, 5/8
Chris Swan, 5/9
Torey Sue, 5/9
Eric Skewis, 5/10
Starlight Marine Services
Jonah Petrick, 5/26
Mitchell Hetterle, 5/28
Harley Marine Services
Gregg Nelsen, 5/3
Daniel Alhadeff, 5/12
Jeffery Wells, 5/11
Todd Nelson, 5/12
Steven Halasz, 5/12
Raymond Scott, 5/15
Andrew Pugh, 5/17
Carlos Trinidad, 5/18
Rommel Barrera, 5/18
E Z Schacht, 5/18
Ernst Anderson, 5/19
Wojciech Satlawa, 5/19
Marcus Babani, 5/25
Darryn Baker, 5/25
Kirk Bonnin, 5/27
Mohamed Iman, 5/28
May Anniversaries
Harley Marine Gulf
Michael Morgan, 1
Daniel Naquin, 1
Charles Voelker, 2
Garfield Smith, 2
Lawrence Hickman, 3
Mark Mier, 3
Louis Mounicou, 5
Harley Marine NY
Jess Canterbury,
Rod Gullickson, 25
Brian Appleton, 5
Vlad Godunok, 2
Ahbra Franco, 2
Eli De Los Santos, 1
Levi Lutz, 1
Olympic Tug & Barge
Darryn Morgan, 1
Edward Protzeller, 1
John Lund, 1
Nathaniel Wehe, 1
Norman Marx II, 1
Steven Halasz, 1
Millennium Maritime
Brianna Houghton, 1
Bo Jun, 16
Neal Salamunovich, 16
Phillip Ruan, 16
Billy Kasinger, 3
Dustin Van Duin, 3
Jesse Tiffany, 3
Robert Lussier, 5
Thomas Mason, 6
Bradley Hilton, 9
David Ferguson, 9
Dennis Pinfold, 9
Paul Thompson, 9
Eric Chisman, 10
Byron Peterson, 14
Rosalio Castro, 14
Brett Nelson, 19
Christopher Starkenburg, 26
Starlight Marine
Nicholas Rogers, 3
Jacob Laprade, 9
Jason Lorenz, 9
David Cadiz, 25
New Hires
Harley Marine Gulf
Derek Tonne
Johnathan Briagas
John Falgout
John Kelly
Kevin Heater
Lawrence Granger
Michael Little
Shawn Ward
William Gardner
Christina Roth
Julie Crosby
Whitney Thomas
Olympic Tug & Barge
Cody Hagen
Jeffery Johnson
Kelly Darrah
Lucas Murphy
Nicholas Bahl
Ronald Blackburn
Shane Arbogast
Stefan Thompson
Steven Tucker
William O’Reilly
Zachariah Vilhauer
Harley Marine New York
Jeffrey Baldwin
Payroll Calendar
Pay-period ending: 4/30/16
Pay-date: 5/06/16
Pay-period ending: 5/15/16 (Pay-date 5/20/16)
Employee Deadlines:

Employee due date to submit planned PAF’s (Vacation/PTO): 5/09/16

Employee due date to submit unplanned PAF’s (bereavement/sick): ASAP or
5/15/16

Any PAF’s/travel time, etc. not approved by your supervisor(s) and received by
the payroll department by 10AM PST on 5/16/16, will be included on the
6/07/16 paycheck.

Please allow (up to) two days for bank processing.

If you have questions on your paystub, please contact your supervisor.
Manager/Dispatch Deadlines:


Approve dispatch logs: Daily (all entries must be out of “Dispatch/Supervisor
Approval” by end of day on 5/16/16)
Approve PAF’s: Daily. (Deadline for inclusion in payroll is 5/16/16 10AM
PST)
Pay-period ending: 5/31/16 (Pay-date: 6/07/16)
Employee Deadlines:

Employee due date to submit planned PAF’s (Vacation/PTO): 5/25/16

Employee due date to submit unplanned PAF’s (bereavement/sick): ASAP or
5/31/16

Any PAF’s/travel time, etc. not approved by your supervisor(s) and received by
the payroll department by 10AM PST on 6/01/16, will be included on the
6/22/16 paycheck.

Please allow (up to) two days for bank processing.

If you have questions on your paystub, please contact your supervisor.
Manager/Dispatch Deadlines:

Approve dispatch logs: Daily (all entries must be out of “Dispatch/Supervisor
Approval” by end of day on 6/01/16)

Approve PAF’s: Daily. (Deadline for inclusion in payroll is 6/01/16 10AM
PST)
Harley Marine Services, Inc. and Subsidiaries
Payroll & Pay Date
Schedule 2016
Pay Period End Date
Pay Date
Saturday, April 30
Friday, May 6
Sunday, May 15
Friday, May 20
Tuesday, May 31
Tuesday, June 7
Wednesday, June 15
Wednesday, June 22
Thursday, June 30
Friday, July 8
Friday, July 15
Friday, July 22
Sunday, July 31
Friday, August 5
Monday, August 15
Monday, August 22
Wednesday, August 31
Thursday, September 8
Friday, September 30
Friday, October 7
Saturday, October 15
Friday, October 21
Monday, October 31
Monday, November 7
Tuesday, November 15
Tuesday, November 22
Wednesday, November 30 Wednesday, December 7
Thursday, December 15
Thursday, December 22
EMPLOYEES OF THE MONTH
Olympic Tug & Barge would like to recognize Cory Lawrenson as the April Employee of the
Month. Cory has been with OTB for nearly three years now as a Chief Mate. Cory has given us
dedication, professionalism, outstanding work ethics and ownership in his position. Cory has
been there for OTB many times over when we’ve needed a skilled Mate for whatever the job may
be. We are thankful to have someone like Cory at Olympic Tug & Barge that takes pride in his
work and is a team player. Congratulations Cory!
Westoil Marine Services would like to recognize Tony Danelo as the April Employee of the
Month. Tony will be celebrating 15 years with Westoil Marine next month and we would like to
thank him for all his hard work and dedication in keeping WMS safe at night. He is a solid fixture
on our evening shift and helps keep operations running smoothly. We appreciate Tony’s
mentoring of our new recruits and his positive interactions with all of his coworkers. Tony is a
great example of what it takes to be a professional mariner.
Harley Marine New York would like to recognize John Vlahakis as the April Employee of the
Month. John, since joining us roughly six months ago, has worked tirelessly to learn our
e-maintenance and other systems, and now has a firm grasp of HMS programs. He recently
prepared and put out a shipyard bid for the Chrestensen Sea, with a drydock scheduled for June.
He also has tirelessly pitched in to support tug and barge crews throughout HMNY’s fleet, as
well as the Brooklyn. Thanks in significant part to John’s efforts, HMNY is steadily operating
ahead of the maintenance curve. Thank you, John, for your continued outstanding effort.
A FULL SERVICE MARITIME COMPANY

May - Harley Marine Services, Inc.

Transcription

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