Government Update News


Panoil, Universal Energy Lose Singapore Bunker Supply Licence

Aug 30, 2017

The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017. The bunker craft operator licence of Universal Energy Pte Ltd will also not be renewed…

Abu Dhabi Ports Celebrates Emirati Women’s Day

Aug 28, 2017

Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah Terminals at the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD), celebrates Emirati Women’s Day…

Qatar Navigation Launches Pakistan Service

Aug 28, 2017

Major Qatari shipping conglomerate Qatar Navigation (Milaha) is launching a direct service between Qatar and Karachi in Pakistan, the company said on Sunday, as it seeks to counter economic sanctions against Doha by other Arab States. Saudi Arabia…

Korea to Establish Maritime Promotion Corporation

Aug 25, 2017

Korea Maritime Promotion Corporation (KMPC), a dedicated support organization for the shipping industry, will be established in Busan in June of next year with capital of 5 trillion won (US$4.5 billion), reported BusinessKorea. KMPC is set to offer financial and industrial policy support…

Brazil to Stop Beaching Ships in South Asia

Aug 25, 2017

Brazilian authorities plan to implement legislation to help prevent that vessels owned by exporters such as Petrobras and Vale wind up on South Asia's beaching yards, Bloomberg reported.  The report said that earlier this month, authorities…

MST, Reederei Indicted for Falsifying Pollution Records

Aug 25, 2017

A German ship management company and corporate vessel owner have been indicted for falsification of pollution records The U.S. Justice Department announced a federal grand jury in Portland, Maine, returned a nine-count indictment today charging…

Qatar Shipper Milaha Starts Turkey Service amid Crisis

Aug 22, 2017

Qatar Navigation (Milaha), the Doha-based maritime and logistics group, has launched a direct shipping service between Qatar and Turkey amid a regional diplomatic crisis that has cut Doha cut off from three of its closest neighbours. Saudi Arabia…

FTC Fines Global Car Shipping Firms USD 37.8mln

Aug 21, 2017

South Korea's antitrust watchdog Fair Trade Commission (FTC)  has imposed a combined 43 billion won (US$37.8 million) in fines on nine global auto shipping companies for bid rigging and price fixing, reported Yonhap. According to the FTC…

Australian Submariner Memorial Dedication

Aug 18, 2017

Minister for Defense, Senator the Hon Marise Payne, joined Rear Admiral Mike Noonan, Deputy Chief of the Navy, and veterans to dedicate a memorial on the site of ex-HMAS Platypus, Australia’s decommissioned east coast submarine base, honoring all who have died while serving in Australian submarines…

Buzby Sworn in as Maritime Administrator

Aug 16, 2017

Rear Adm. Mark H. Buzby, USN, Ret. has been sworn in as the Administrator of the Maritime Administration by U.S Secretary of Transportation Elaine L. Chao. As Maritime Administrator, Buzby will lead the agency tasked with promoting the use…

Milaha Launches Kuwait Service amid Diplomatic Crisis

Aug 16, 2017

Qatar Navigation (Milaha) , a top Doha-based shipping and logistics group, said on Wednesday it had launched a new container service to Kuwait amid a diplomatic crisis that has seen it lose access to regional trans-shipment hub, Dubai.Milaha will operate the weekly…

Cuban Trade with Venezuela Plunges over Two Years

Aug 15, 2017

Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer's inability to meet delivery contracts and purchase goods as it struggles with low oil prices and a resulting economic meltdown…

Iraq Minister Faces Questions over Trade Corruption Allegations

Aug 15, 2017

Iraq's parliament on Tuesday questioned acting Trade Minister Salman al-Jumali over corruption allegations linked to the ministry, mostly stemming from a deal to import Indian rice in 2016. The minister, a Sunni Muslim in a government dominated by Shi'ites…

Investors Enthusiasm in Cochin Shipyard

Aug 11, 2017

Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company…

DOT Recommends FASTLANE Grant for Port of Indiana-Burns Harbor

Aug 11, 2017

U.S grant funds will support $19.7 million expansion of port's multimodal infrastructure The U.S. Department of Transportation (DOT) has recommended to Congress that the Port of Indiana-Burns Harbor receive one of 10 FASTLANE small project grants for 2017…

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