Cubic Corp. [CUB] said yesterday it has established a new business initiative to assist federal regulators and the international port and shipping community in achieving compliance with new seaport security laws.

“Hundreds of ports around the globe are trying to meet the new United States standards by 2012, along with the International Ship and Port Facility Security Code, which took effect in July 2004,” Peter Miller, who is heading Cubic’s new program, said in a statement. “If a foreign port doesn’t meet the U.S. container standards, the U.S. government can prohibit that port from doing business in America.”

Miller previously was the director of port security at the Port of Tampa in Florida.

Miller said that various U.S. federal agencies such as the Coast Guard and Customs and Border Protection require lack the manpower to ensure the inspection and certification of all containers entering the country and therefore require contractor support.

Cubic also said it will be able to tap into its program experience to advise on security technological support in areas such as biometrics, security cameras, sensors, communications, container tracking and scanning, underwater detection systems and small boat improvised explosive device barriers.

Cubic’s new Maritime Security Program will report within the company’s Applications business unit, which is part of the Defense segment. Miller is currently assembling his team.