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Government Update News

 

India Okays Shipbuilding Financial Assistance Policy

Nov 02, 2017

To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015…

Maritime Logistics Professional - September/October Edition

Nov 01, 2017

The September/October 2017 edition of Maritime Logistics Professional is now available. This edition includes features on: The Port of New Orleans: Brandy D. Christian is at the helm steering investment and development at one of the…

Indiana Port Awarded $9.85 Mln FASTLANE Grant

Oct 31, 2017

The Port of Indiana-Burns Harbor will receive one of the nation's 10 FASTLANE small project grants for 2017, U.S. Secretary of Transportation Elaine L. Chao has confirmed. In August, Secretary Chao informed Congress the Department of Transportation was recommending approval of a $9…

Indian Minister Flags Off RORO from Chennai To Mongla

Oct 29, 2017

Indian Minister of Shipping Nitin Gadkari today digitally flagged off a RoRo cum general cargo vessel M.V. IDM DOODLE carrying a consignment of 185 trucks from Chennai Port to Mongla port in Bangladesh. Shri Gadkari informed that these trucks…

Ocean Change Requires Solutions: UN

Oct 23, 2017

Solutions to address human-induced “Ocean Change” are needed to save life in the ocean and reverse the cycle of decline in which it is caught, according to Fiji's Ambassador Peter Thomson, the UN Secretary General's Special Envoy for the Ocean…

India's Oil Imports Hit Record High in September

Oct 20, 2017

India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.The world's third-biggest oil importer shipped in 10 percent…

US Trade Chief Says He's Not Focused on Ending NAFTA

Oct 17, 2017

U.S. Trade Representative Robert Lighthizer said on Tuesday he is not focused on terminating the North American Free Trade Agreement and is only trying to negotiate an update that 'rebalances' the pact to reduce U.S. trade deficits. 'We…

China to Take 70% Stake Myanmar Port

Oct 17, 2017

China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said.Oo Maung…

Pasha Hawaii to Deploy Jones Act Vessel to Puerto Rico

Oct 17, 2017

Pasha Hawaii will provide the U.S. Jones Act vessel Horizon Spirit to ship hundreds of containers from the West Coast in support of hurricane relief and rebuilding efforts in Puerto Rico. The Horizon Spirit serves as a drydock reserve ship in…

India Approves Change of Status for Marine Body IALA

Oct 11, 2017

The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) to change its status from Non-Governmental Organization (NGO) to Inter-Governmental Organization (IGO)…

Congo Lifts Ban on Raw Metal Exports by Chinese JV

Oct 11, 2017

Congo's government has lifted an order requiring a joint venture of Chinese investors to stop exporting raw copper and cobalt, the mines ministry and the company said on Wednesday. Democratic Republic of Congo's mines minister Martin Kabwelulu last month ordered Sicomines…

FMC's Doyle Weighs in on U.S. Merchant Marine, 2017 Hurricane Relief Efforts

Oct 06, 2017

Today's address by FMC commissioner William P.Doyle brought transparency to the massive U.S.-based efforts expended during this hurricane season at the 17th Annual Port Industry Day conference in Jersey City, NJ. Good Morning New York and New Jersey…

Palau Announces Fleet Increase

Oct 05, 2017

The Palau International Ship Registry has recently seen a strong increase in its fleet size as more shipowners and operators look to become a part of the new breed of smart registries. As the Palau flag starts appearing on more vessels the appeal…

Cabinet Approves Renaming of Kandla Port

Oct 04, 2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the renaming of Kandla Port as Deendayal Port.  Ports in India are generally named after the city or town in which these are situated…

Foss Joins FEMA's Hurricane Relief Operations

Oct 04, 2017

Foss Maritime Company said it has contracted with the U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) to support the relief and rebuilding efforts in Puerto Rico and the U.S. Virgin Islands following Hurricane Irma and Hurricane Maria…

Logistics News

Nikkiso Delivers Dry Dock Overhaul for LNG Tanker

Nikkiso Delivers Dry Dock Overhaul for LNG Tanker

CMA CGM Demonstrates Relative Resilience in a Volatile Q3

CMA CGM Demonstrates Relative Resilience in a Volatile Q3

Baltic Index Ends Seven-Session Gaining Streak

Baltic Index Ends Seven-Session Gaining Streak

Iraq Trucks Oil Exports Overland Amidst Continued Hormuz Disruptions

Iraq Trucks Oil Exports Overland Amidst Continued Hormuz Disruptions

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