Government Update News

 

Former Petrobras Exec Sentenced over Vantage Drilling Contract

Feb 01, 2016

A Brazilian judge sentenced the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering on Monday, part of the country's largest-ever graft investigation. Federal…

China to Implement Emission Control Measures

Feb 01, 2016

The Chinese Ministry of Transport has announced that from April 1, 2016, vessels ‘at berth’ at the core ports in the Yangtze River Delta (YRD) emission control area (ECA) must use fuel oil containing 0.5 percent sulphur or less. These core ports are Shanghai…

SMM Hamburg Opens the Door for Iran

Feb 01, 2016

For the first time after the end of the trade sanctions, Iran will be represented by a national pavilion at international maritime trade fair SMM Hamburg. “An industry fair is a great platform for building new relationships and getting to know each other…

Shipping Must be Covered by ETS or Climate Fund – MEPs

Feb 01, 2016

The Paris climate agreement’s target of limiting global warming well below 2°C will be impossible without measures to curb shipping’s greenhouse gas emissions, MEPs told industry representatives last week.  Including shipping CO2 in the…

U.S. Navy Ship Sails near Island Claimed by China

Jan 31, 2016

A U.S. Navy guided-missile destroyer sailed within 12 nautical miles of an island claimed by China in the South China Sea on Saturday, in an operation the Pentagon said was designed to challenge efforts to restrict freedom of navigation.Pentagon…

Greece Ports Strike Extended

Jan 29, 2016

A general strike in Greece has been extended by another 48 hours and is affecting the routes of domestic and local ferries and commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pachi and Megara ports for cargo discharging, announced Inchcape Shipping Services (ISS)…

Pilbara Ports being Evacuated

Jan 28, 2016

Pilbara Ports Authority has commenced evacuating the inner and outer anchorages at the Port of Port Hedland, as a tropical low, 315km from Port Hedland, continues to track toward the Pilbara coast in a southerly direction at six knots. The…

MarineCFO Management Team Expands

Jan 27, 2016

VerticaLive, the parent company of MarineCFO, has announced that long time trusted advisor, Jimmy Treuting, has accepted the position of CEO effective January 1, 2016. Jimmy has been a pioneer and entrepreneur in the technology industry for more than 25 years…

AMP Demands Retraction of Jones Act Report

Jan 27, 2016

The American Maritime Partnership (AMP), the voice of the domestic maritime industry, today released a statement in response to the sheer number of factual errors in the recent report published by the Alliance for Innovation and Infrastructure’s (Aii) – Jones Act: Protectionism v…

India Fosters Growth in its Maritime Sector

Jan 27, 2016

The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address…

Coast Guard Hearing on El Faro Sinking

Jan 26, 2016

The U.S. Coast Guard will conduct a public Marine Board of Investigation hearing into the loss of the United States-flagged steam ship EL FARO, and its 33 crewmembers.   The first hearing session will focus on the pre-accident historical events relating to the loss…

Indian State Maharashtra Unveils New Port Policy

Jan 26, 2016

The Maharashtra state government has given approval to its comprehensive Maharashtra Port Development Policy for creating better facilities around 720 km coastal region of the state. A decision to constitute the Maharashtra Port Connectivity…

Coldharbour Marine Launches Recruitment Drive

Jan 25, 2016

Coldharbour Marine is reaping the benefits of last year’s consolidation and move into its new Nottinghamshire headquarters. The additional space and facilities made available together with the anticipated introduction of the IMO Ballast…

John Kerry Off to Asia to Address Maritime Issues

Jan 25, 2016

U.S. Secretary of State John Kerry is pressing for peaceful resolutions to increasingly tense maritime disputes in Asia, reports AP. Kerry arrived in the Laotian capital Sunday and will travel to China late Tuesday for meetings with Chinese President Xi Jinping…

Richards Elected Chairman of Palm Beach Port

Jan 24, 2016

On Thursday, January 20, 2016, the Port of Palm Beach Board of Commissioners elected its new Chairman, Mr. Wayne M. Richards. Richards, a member of the board for 16 years, is known for keeping a strong focus on fiscal responsibility and bringing new…

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The EU wheat market is subdued as it awaits U.S. statistics, and shrugs off Russian port attacks
German Coalition agrees on lower airline costs
Enbridge approves a $1.4 billion project that will boost Canadian oil flow to U.S. refining facilities