Carnival Corp, resists reimbursement of costs incurred by US Government through assistance rendered to their disabled 'Carnival Triumph'.Carnival Corp. says all maritime interests must assist without question those in trouble at sea, a duty that would not include reimbursing the U…
The U.S. Maritime Administration invites small shipyards to apply for a share of $9.45 million in federal funding to help enhance their efficiency & competitiveness. The grants are available for capital and related improvement projects that foster efficiency and competitive operations…
The US Waterways Council Inc. (WCI) has mixed feelings about the impact on their sector of President Obama's FY 2014 budget proposals.WCI's initial views were as follows: This budget is steady-state with the overall funding level essentially…
Norway-based Xeneta gets funding to advance their comparison engine to the shipping industry & expand into new markets.The company, a price comparison service for sea freight, say they have received €1.2m in institutional financing. The round…
Ridgebury Tankers LLC announce a $200 million commitment from Riverstone Holdings LLC, alongside a $5.7 million commitment from Ridgebury management. The Connecticut-based Company will use the capital to acquire clean product carriers of…
The President's FY 2014 Budget once again includes funds to continue Charleston's Post-45 harbor deepening project.This project was designated last year by the Administration as one of its priority infrastructure projects. The recently released fiscal year 2014 budget includes a $1…
The American Association of Port Authorities (AAPA) consider the FY 2014 Administration Budget contains mixed blessings for the industry.With the release today of President Obama’s fiscal 2014 budget, the American Association of Port Authorities…
Under the Department of Transportation's Maritime Administration Small Shipyard Grant Program, there is currently $9,457,986.00 available for grants for capital and related improvements to qualified shipyard facilities that will be effective in fostering efficiency…
The National Retail Federation issued the following statement from Vice President for Supply Chain and Customs Policy Jonathan Gold on the International Longshoreman’s Association (ILA) vote approving a new, long-term master labor contract covering…
Container, bulk and tankship owners, Samudera Shipping Line, presents its 2012 financial report with the chairman's letter to shareholders.The following is extracted from Mr. Masli Mulia's letter to stakeholders:'The financial year ended December 31…
The survey indicates freight-rate improvements and greater likelihood of new investment in the next 12 months.Overall confidence levels in the international shipping industry recovered to their highest level for two years in the three months ending February 2013…
As expected the industry just about scraped over the break-even line in 2012, albeit only because of the results of a handful of leading lights. There is every chance that lines will make decent money in 2013, but only if they refrain from old habits and stick to pricing and capacity discipline…
Three scenarios shaping the future of the world’s maritime industries.Report issued at events in Singapore and London indicates strong growth for the maritime sector in the years up to 2030 and an even bigger role for China in the maritime world…
The European Commission launches a call for renewabke energy project funding under NER300.The wind categories have remained the same as for the first call, and include offshore wind farms with very large turbines, floating offshore turbines…
'As we close the 2012 books, we have every reason to be satisfied with the Trust’s positive results,' says Rickmers chairman.Extracts from chairman, Bertram R.C. Rickmers's letter to shareholders in the recently released 2012 financial report…
