Dana Gas received from the Egyptian Government authorities $53m from the current total outstanding receivables of $330m. Payment of $42 million has been received in US dollars and the balance in equivalent Egyptian pounds. Including this tranche…
The U.S. Coast Guard announced Tuesday, December 24, 2013, the publication of a final rule revising its regulations to implement Section 301 of the Coast Guard and Maritime Transportation Act of 2004. This Act authorized the Commandant of…
The American Waterways Operators, a 350-member trade association representing the country’s tugboat, towboat and barge industry, offered its congratulations to Jeh Johnson on his successful confirmation as President Obama’s Department of Homeland Security Secretary…
The U.S. Coast Guard, in the Code of Federal Regulations, has called for public comment on a petition that requests the Coast Guard to initiate a rulemaking to address the problem of overhead clearance (air-draft) accidents.In its petition…
U.S. Senator Roger Wicker, R-Miss., a senior member of the Senate Committee on Armed Services, has voted in favor of the FY2014 National Defense Authorization Act (NDAA). The legislation authorizes $625.1 billion in funding for America’s national defense…
Last week Commissioner William P. Doyle of the Federal Maritime Commission (FMC) briefed the full Commission with a report on his work seeking clarity and certainty on the People’s Republic of China’s (PRC’s) implementation of the Value Added Tax (VAT) as it relates to maritime commerce…
By using the Earth’s magnetic field, combined with new innovative technology, oil and gas drilling companies are increasing oilfield productivity while reducing development costs and environmental impacts.This technology has applications across the world…
SOLAS Regulation II-1/8-1 has been amended and will require operational information to be provided to the master after a flooding casualty to assist with decisions regarding safe return to port. The new requirement applies to passenger vessels…
The Shipbuilders Council of America (SCA) called the bipartisan budget agreement now passed by both houses of Congress an important first step and thanks Members of Congress for providing the much needed resources for the U.S. shipbuilding and repair industry…
Yesterday, regulators from the U.S. Federal Maritime Commission, the People's Republic of China's Ministry of Transport and the European Commission's Antitrust Unit met at FMC headquarters in Washington, DC. The regulators conducted discussions…
On December 16, Secretary of State John Kerry announced an initial commitment of $32.5 million in new regional and bilateral assistance to advance maritime capacity building in Southeast Asia. Including this new funding, our planned region-wide…
New Jersey Gov. Christopher Christie, State Sen. Joseph Kyrillos, Monmouth County Freeholder Director Thomas Arnone, NY Waterway President & Founder Arthur E. Imperatore and Yank Marine President & Founder John C. Yank Jr. of Tuckahoe today…
Approval clears way to create nation’s largest deepwater containerized cargo transfer terminal, enhancing U.S. competitiveness as Panama Canal expands. Transshipment facility off Louisiana coast intended to improve America’s strained shipping infrastructure…
The Bayonne Bridge is undergoing a major construction project and special care is required to avoid ship allisions, including ship antenna strikes similar to those that occurred in the past, which may cause severe property damage or loss of life…
Commissioner Doyle briefed the Federal Maritime Commission at today's open meeting and provided details and recent information pertaining to efforts to clarify the People's Republic of China new Value Added Tax regime. He also discussed China's…
