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Government Update News

 

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…

Somali Pirates free Indian Sailors after 4 Years

Oct 31, 2014

Somali pirates have freed seven Indian sailors detained for close to four years in exchange for an undisclosed ransom, Somali officials and a maritime monitoring group said on Friday.At one time the pirates made millions of dollars in ransoms…

Easing US Oil Export Ban Unlikey to Raise Gasoline Prices

Oct 30, 2014

A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise gasoline prices for American motorists, a conclusion that could ease concerns among lawmakers about changing the policy…

Rep. Cummings Receives Maritime Service Award

Oct 30, 2014

On Wednesday, October 29, Congressman Elijah E. Cummings (D-MD) delivered keynote remarks at APL Maritime’s Senior Management Conference, and received an award recognizing his service to the maritime industry.“The U.S. flagged oceangoing fleet is vital to our nation’s security…

First Libra Offshore Oil Well Confirms Discovery

Oct 30, 2014

Libra consortium reports that drilling the first well in the area extension of Libra, the 3-BRSA-1255-RJS (3-RJS-731), confirmed the discovery of good quality oil in the northwestern part of the structure .Well, informally known as NW1…

Monitoring U.S. Troops Returning from Ebola Mission

Oct 30, 2014

Secretary Hagel has signed an order that validated a recommendation from the Joint Chiefs of Staff to place all U.S. military service members returning from Ebola response efforts in West Africa into a 21-day controlled monitoring regimen…

General Dynamics to Upgrade Peruvian Navy Helicopters

Oct 29, 2014

General Dynamics Canada has been awarded a multi-million dollar contract to upgrade four SH-2G Super Seasprite helicopters with an integrated mission system to enhance the operational capability of the Peruvian Navy and its ability to meet the demands of modern maritime missions…

WTO Publishes Annual Package of Trade and Tariff Data

Oct 29, 2014

The WTO released on 28 October 2014 new editions of its key statistical publications: International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles. The four publications provide a detailed breakdown of the latest trade developments…

European Parliament Backs European Shipping Week

Oct 28, 2014

European Shipping Week has been granted the European Parliament’s official patronage by its President, Martin Schulz. Both the European Commission and the European Parliament have now actively expressed their support for the week-long event which will be held in Brussels during March 2-6…

USCG Closes Siuslaw River Bar Entrance

Oct 26, 2014

The Coast Guard Captain of the Port Sector Columbia River in Warrenton, Oregon, issued the closure of the Siuslaw River bar entrance due to hazardous conditions at approximately 2 p.m., Saturday.The bar closure applies to all vessels…

Crowley Transports Panama Canal Gate

Oct 26, 2014

Crowley Maritime Corp.’s heavy lift barge 455 4 successfully delivered the first in a series of new gates for the ongoing Panama Canal expansion. Crowley is scheduled to help transport all eight of the gates involved in the Pacific side lock…

Navy to Commission Submarine North Dakota

Oct 25, 2014

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.North Dakota, designated SSN 784, honors the state's citizens and veterans…

MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications

Oct 24, 2014

The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction and operation of offshore deepwater export facilities. The agency is proposing to use the existing Deepwater Port License regulations…

UN: Ship Inspections near Somalia for Arms, Charcoal

Oct 24, 2014

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday, though Russia and Jordan abstained from the vote over concerns about the move…

Logistics News

Wheat Prices Rise After US Diplomatic Attempts Falter

Wheat Prices Rise After US Diplomatic Attempts Falter

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

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