Government Update News


Fracking Inquiry Puts Aussie Energy at Risk

Nov 10, 2014

The South Australian Liberal Party risks damaging investor and public confidence in the natural gas industry by moving to establish a Parliamentary inquiry into hydraulic fracturing – an industry practice that has been used safely in the State for many decades…

USS Ross Arrives in Turkey

Nov 10, 2014

The Arleigh Burke-class guided-missile destroyer USS Ross (DDG 71) arrived in Istanbul, Turkey, for a scheduled port visit, Nov. 9.Ross’ visit to Turkey reaffirms to NATO allies that the U.S. Navy shares a commitment to strengthening ties…

RusHydro Inks Deals with Chinese Firms

Nov 09, 2014

Russia's largest hydropower producer, RusHydro , signed agreements with two Chinese companies on Sunday that will boost Chinese investment in Russia's energy sector and could increase Russia's electricity exports to China.RusHydro and China…

Libya – Cargo Suspended at Benghazi Port

Nov 05, 2014

Hapag-Lloyd said it will not accept any cargo for Benghazi port until further notice.The shipping line said it is uncertain of enhancements to the situation as fighting in the area persists, and it  will inform customers as soon as cargo can be loaded again.

Hapag-Lloyd, CSAV Merger Approved in Brazil

Nov 04, 2014

Hapag-Lloyd has received unconditional clearance under Brazilian merger regulations for the planned integration of the container shipping activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd. Hapag-Lloyd and CSAV signed a binding business combination agreement in April…

Ferry Operator SNCM Files for Court Protection

Nov 04, 2014

France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on Monday.Majority-owned by public transport firm Transdev, which is owned by water firm Veolia and French state bank CDC…

Staying The Same is Not Good Enough - OPITO

Nov 04, 2014

Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east. At its fifth annual safety and competence conference (OSCC 2014) in Abu Dhabi today (4 November 2014)…

Rodriguez Appointed Deputy Maritime Administrator

Nov 03, 2014

Mike Rodriguez, U.S. Merchant Marine Academy Alum, was sworn in as Deputy Administrator of the U.S. Department of Transportation Maritime Administration (MARAD).Rodriguez has more than 35 years experience as a maritime industry professional in both the public and private sectors…

St. Lawrence Seaway Arbitration May Avert Strike

Nov 03, 2014

The union that represents workers along the St. Lawrence Seaway has agreed to take a contract dispute to arbitration, avoiding a strike that would have shut the waterway linking the Great Lakes and the Atlantic Ocean.The union, Unifor, announced the news in a statement on Sunday evening…

Bosphorus Strait Traffic Suspended as Boat Sinks, At Least 24 Dead

Nov 03, 2014

Rescuers pulled 24 bodies from the sea at the mouth of Istanbul's Bosphorus strait on Monday and rescued seven people after the sinking of a boat carrying migrants including children, the Turkish Coastguard Command said.Tens of thousands of migrants from Africa…

Throughput Up at Lerwick Harbor

Nov 03, 2014

A continuing increase in cargo handled at Lerwick Harbour in the third quarter brought the volume for the first nine months of 2014 to 910,014 tonnes, up 6% on the same period last year.Shipments included 144,243 tonnes of oil-related cargo…

Denmark Plans to Phase Out Coal by 2025

Nov 02, 2014

Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power, Denmark's climate minister said on Saturday.Denmark has already taken…

Egypt Signs $350 mln in Oil, Power Financing Deals with Saudi

Nov 02, 2014

Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.Power cuts have become…

Temporary Suspension of 2nd Southbound Convoy

Nov 02, 2014

Effective from today, the entry of the second southbound convoy into the Suez Canal has been suspended until completion of cleansing and dredging work in the new Canal area.All southbound vessels are able to transit the Canal within the…

General Dynamics Lands $84 Million Naval Award

Nov 02, 2014

The U. S. Navy has awarded General Dynamics Electric Boat a $83.8 million contract modification to continue development of the Common Missile Compartment for the Ohio replacement submarine and the United Kingdom's Successor ballistic-missile submarine…

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