Government Update News

 

Crude Falls Below $114 as Iraq Supply Fears Ease

Jun 23, 2014

Sunni insurgents capture three towns in Iraq's Anbar Iraq's oil exports near record rates in June U.S. Secretary of State John Kerry lands in Baghdad Brent crude dipped below $114 a barrel on Monday as worries about disruptions…

KR Authorized to Deliver Statutory Services to Oman

Jun 23, 2014

Korean Register (KR), an IACS member classification society, announced today that it has been fully authorized by the Ministry of Transport and Communications in the Sultanate of Oman to deliver statutory services on behalf of the Oman government…

MLE Puts Liverpool on the Maritime Map

Jun 23, 2014

The inaugural Maritime Logistics & Energy thematic within the International Festival for Business 2014 has come to a close. Highlighting Liverpool’s international role as a mercantile, maritime and global trade gateway city, the MLE fortnight’s 48 events wrapped up on June 20…

IHC Merwede Changes to Royal IHC

Jun 20, 2014

His Majesty the King has awarded the honorary title of Koninklijk (Royal) to IHC Merwede. In a special ceremony today, the Mayor of Sliedrecht, Mr van Hemmen, presented this accolade to IHC Merwede’s CEO, Bram Roelse. In light of this honour…

France Picks: GE is the One for Alstom

Jun 20, 2014

France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company…

China to Invest in Greek Transport Infrastructure

Jun 20, 2014

China wants to invest in Greek airports and railways as well as the busiest port, officials said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe.Chinese Premier Li Keqiang is on a three…

International Maritime Prize for Mexican Legal Expert

Jun 19, 2014

The Council of the International Maritime Organization (IMO) informs it decided at its recent meeting to award the International Maritime Prize for 2013 to Dr. José Eusebio Salgado y Salgado, Mexican academic and author of the Manual de Derecho…

FMC Commissioner Doyle on P3 Final Decision

Jun 19, 2014

U.S. Federal Maritime Commissioner William P. Doyle issued the following statement regarding China’s decision on the proposed P3 Network:The People’s Republic of China has rejected the P3 Vessel Network Sharing Alliance based on the competition concerns in the Asia-Europe shipping market…

Chinese Leaders Visit Yangzijiang Shipyard

Jun 19, 2014

Yangzijiang Shipbuilding Holdings Limited announced that yesterday was a “momentous” for the group, as senior Chinese officials paid visit to Yangzijiang’s shipyard and the group’s chairman received the Outstanding Entrepreneur Award by the Chinese Enterprises Association…

NY Announces Zero-emissions Retrofit Project

Jun 18, 2014

New York’s Governor Cuomo announces retrofitted electric canal boat to demonstrate benefits of no-emission engine; NYSERDA, NYSDOT partnership with Canal Corp. replaces diesel engine with electric motorGovernor Andrew M. Cuomo today announced…

China Strikes Down P3 Network

Jun 17, 2014

The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in ChinaToday, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network.On March 24…

USCG Double Hull Tanker Rule Published

Jun 16, 2014

The U.S. Coast Guard (USCG) final rule on escort requirements for certain tankers operating on the waters of Prince William Sound, Alaska, was published Friday in the Federal Register.This rule finalizes the escort requirements in Title 33…

MARAD: Call for Projects for America’s Marine Highways

Jun 13, 2014

The Maritime Administration (MARAD) announced it is now accepting project applications for Marine Highway designations until September 30, 2016.Eligible projects should establish new or enhance existing Marine Highway services that reduce…

Opinion: Oil Market Risks Grow as Chaos Spreads

Jun 12, 2014

Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm.According to the U.S. Energy Information Administration (EIA), unplanned disruptions have removed around 2…

Oil Prices Spike on Iraq Anxiety, Stocks Dip

Jun 12, 2014

Brent at 3-mo high, U.S. crude hits highest since September Kiwi jumps the most in four months after rate hike U.S. shares dip after data, but energy stocks up Crude oil prices spiked on Thursday on worries over supply as violence escalated in Iraq…

Logistics News

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

US Import Costs Rise in April, Fuel Sees Biggest Gain in Four Years

NexusWave Implemented on IEA Fishing Vessels

NexusWave Implemented on IEA Fishing Vessels

Baltic Index Rises Alongside All Vessel Segments

Baltic Index Rises Alongside All Vessel Segments

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

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Trump claims that China has agreed to purchase 200 Boeing jets
Wall Street Journal, May 15,
Black Sea CPC blend oil exports will fall to 1,45 million bpd, according to sources