We like the anchor! And prefer the two color version to the solid blue version. Can you give a little more weight to Marine Operators, Inc.? Maybe just by making it darker.
Not sure what my concerns are about this one. I think the anchor maybe too large and I keep getting stuck on the anchor point and the "M". Maybe lighten up the anchor to a "watermark status" so we see more of that portion of the "M". Overall I like your ART!