DryLog Joins Rapid Ocean Response Emergency Response Network, Meeting U.S. SMFF Regulations

CHARLESTON, S.C.–(BUSINESS WIRE)–Rapid Ocean Response Corporation (“RORC” or “the Company”), a marine
emergency response service operating throughout the continental U.S.,
today announced that DryLog Ltd. (“DryLog”), a subsidiary of
international Ceres Shipping Ltd. engaged in dry bulk shipping, has
joined the RORC emergency response network. As a member, DryLog will
have access to an always-available, contractually-obligated network of
emergency response vessels that facilitates compliance with the U.S.
Coast Guard’s Salvage & Marine Fire Fighting (SMFF) regulations that
address marine firefighting resources.

“Safety is our most important priority, and, joining the RORC network
bolsters our marine firefighting capabilities, enhancing safety and
providing compliance with U.S. maritime laws,” said a spokesperson of
DryLog. “Our ships transport millions of dollars of goods in and out of
U.S. ports every year and partnering with RORC provides a level of
confidence and security we never had relying on ‘vessels of opportunity’
to protect our vessels and crews.”

“We are delighted to be partnering with a shipping group that traces its
origins back to the 1800s and is a known leader in the maritime
industry” said Nick Nedeau, CEO, RORC.

RORC’s network consists of high-speed response boats operating from
ports covering the entire continental U.S. coastline. The network is in
a 24/7 state of readiness to supplement existing Vessel Response Plans
capable of delivering surveyors and marine firefighters within the time
frame required by the SMFF regulations.

The United States Coast Guard (“USCG”) recently issued an advisory
reminder to all vessel owners operating in and around the continental
United States regarding the SMFF regulations. USCG advised that relying
on ‘if available’ marine response assets does not meet the intent of the
regulations. The SMFF regulations require Vessel Owner/Operators to have
always-available, contractually obligated, marine firefighting vessel
response networks capable of responding within the required timeframes.

The USCG recently began requiring vessel owners to produce evidence that
their SMFF contracts are adequate and reminded vessel owners that the
burden of compliance rests with them and not the contracted or
sub-contracted service provider.

For further information on the USCG Advisory for Vessel Owner/Operators
please visit: https://mariners.coastguard.dodlive.mil/2018/11/15/11-15-2018-evaluation-and-activation-of-salvage-marine-firefighting-resources/

About Ceres Shipping Ltd. / DryLog Ltd.
Ceres Shipping Ltd
is a privately held company, engaged in investments in the shipping
industry. One of the major areas of its shipping operation is the
transportation of dry bulk commodities through its subsidiary DryLog
Ltd. Throughout its history, Ceres Shipping Ltd has invested in most
sectors of marine transportation, including chemical carriers, crude oil
carriers, container vessels, passenger vessels and LNG carriers.

About Rapid Ocean Response Corporation
Rapid Ocean Response
Corporation (RORC) is a marine emergency response service operating
throughout the continental United States (CONUS). RORC has developed an
expert, high speed, always-available vessel response network.

Contacts

Media Contact:
Charlyn Lusk
Stanton
(646) 502-3549
[email protected]

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