Government Update News

 

Vestas, Investors Await U.S Wind Tax Break Decision

Nov 21, 2014

Shareholders in Danish wind turbines maker Vestas are anxiously waiting for U.S. lawmakers to decide if a crucial tax break for wind power will be extended, as a favorable decision could send its share price bouncing up by over 10%, according to analysts…

Aussie Tug Engineers take Deal, Cancel Strike

Nov 20, 2014

Tug engineers withdrew plans to strike at Port Hedland, Australia's biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports from BHP Billiton and Fortescue Metals Group Ltd.The Australian Institute…

Gazprom Steps into St. Petersburg University

Nov 20, 2014

The Gazprom Specialized Department was opened today in St. Petersburg State University of Economics, Russia's top-rated higher education institution of economics. Alexey Miller, Chairman of the Gazprom Management Committee Chairman and Igor Maximtsev…

Danish Crew Receives Bravery Award

Nov 20, 2014

This year’s “Award for Exceptional Bravery at Sea” is given to the crew from the DFDS ship BRITANNIA SEAWAYS. The award is presented by United Nations’ International Maritime Organization (IMO) for exceptional bravery displayed at sea.The…

Shuster Returns as Transport and Infrastructure Chairman

Nov 19, 2014

U.S. Rep. Bill Shuster (R-Pa.) was selected today by the House Republican Conference to serve again as Chairman of the U.S. House Committee on Transportation and Infrastructure, one of the largest committees in Congress. “I am honored that…

FMC Commissioner Addresses Port Congestion

Nov 19, 2014

The U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement today regarding port congestion, as well as the Transpacific Stabilization Agreement’s (TSA) amendment to expand its scope to include westbound trans-Pacific trade…

Study: US Offshore Holds Huge Untapped Potential

Nov 19, 2014

New studies show huge economic and energy potential of untapped offshore areasTwo new studies released today by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added…

USS James E. Williams Sailors Help Out at Nature Sanctuary

Nov 19, 2014

Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS James E. Williams (DDG 95) participated in a community relations project in Port Victoria, Seychelles, Nov. 14.The project took place at Nature Seychelles, a local nature sanctuary…

Symposium to Address Africa’s Economy, Security Challenges

Nov 17, 2014

The Department of International Relations and Cooperation, in collaboration with the Institute for Global Dialogue associated with UNISA, the Open Society Foundation South Africa, the Friedrich-Ebert-Stiftung and the South African Defense and Security Management Network…

Moore Stephens to Make Representation on Tonnage Tax Changes

Nov 17, 2014

International accountant and shipping consultant Moore Stephens is to make representation to Her Majesty’s Revenue & Customs in connection with recently issued draft revised guidance in respect of the U.K. tonnage tax regime, some of which it considers to be unhelpful…

U.S. Navy Expect Decision on LCS Warship

Nov 16, 2014

Defense Secretary Chuck Hagel is expected to make a decision soon on how to make a new class of smaller warships more lethal and survivable, the Navy's top admiral said on Saturday.Chief of Naval Operations Admiral Jonathan Greenert expected…

G20 Communique to Include Climate Change, Anti-corruption Plan

Nov 16, 2014

The G20 communique will include a significant passage on climate change and an endorsement of an anti-corruption plan, European Union officials said on Sunday.'The most difficult discussion was on climate change,' an EU official said on condition of anonymity…

Cenovus to Develop Telephone Lake Oil Sands

Nov 16, 2014

Cenovus Energy Inc , Canada's No.2 independent oil producer, said on Friday it has received regulatory approval for its Telephone Lake oil sands project, a facility that could eventually produce more than 300,000 barrels of oil per day.The…

Petrobras Clarification on Bribe Payment Allegation

Nov 16, 2014

With regards news reports involving SBM Offshore, Petrobras wishes to clarify the following:The company established an Internal Investigation Commission on February 13, 2014, the same day it became aware of the news about the alleged payment of bribes by SBM to Petrobras employees…

G20 Targets New Global Energy Body

Nov 15, 2014

Leaders at the G20 Summit are seeking to lay the foundations for a new global energy trade regime to help ensure open markets and prevent oil and gas supplies being used as tools of foreign policy, the Australian newspaper reported on Saturday…

Logistics News

Baltic Index Rises, Sees Gains Across All Vessel Sizes

Baltic Index Rises, Sees Gains Across All Vessel Sizes

Cuba Maritime & Port Celebrates Three Years of Industry Innovation and Collaboration

Cuba Maritime & Port Celebrates Three Years of Industry Innovation and Collaboration

Melvin Resigns as President of South Carolina Ports Authority

Melvin Resigns as President of South Carolina Ports Authority

Brazil Ships More Iron Ore to China, Competitors Lag

Brazil Ships More Iron Ore to China, Competitors Lag

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Cenovus acquires MEG Energy for C$7.9 Billion in Oil Sands Expansion
Asian spot LNG prices fall on abundant supply and weak demand
Air Canada's labor agreement faces strong opposition on wages and could fail