Representative Daniel Webster (Fla.-10) issued the following statement after introducing new transportation legislation, H.R. 4925, the TIFIA 2.0 Act: “America’s transportation and infrastructure system is the backbone of our economy and is a critical element for growth and job creation. By prioritizing investable infrastructure, TIFIA 2.0 will improve access to affordable infrastructure financing for states and local governments, promote innovative public-private partnerships and accelerate delivery of large-scale public transportation projects and the jobs that support them. “In an era of bloated government spending, wise and calculated investments are crucial. TIFIA 2.0 provides new money to the transportation and infrastructure system that will bolster our economy and expand opportunity for growth and success without raising taxes.” The TIFIA 2.0 Act improves the Transportation Infrastructure Finance and Innovation Act (TIFIA) by transforming it into a sustainable, revolving fund that will continuously grow to meet our nation’s infrastructure needs. Focusing on funding roads, bridges, tunnels, transit and intermodal projects, TIFIA 2.0 will generate new transportation revenues and attract new investment capital. Projects that reduce risks to taxpayers and have a record of prior prompt repayment of loans are given priority consideration under this legislation.
Leading independent offshore survey company UTEC has announced the appointment of a new Vice President of Measurement Technology at its Houston HQ. Mark Klusza – who holds a Bachelor in Design in Architecture from the University of Florida – brings to the role more than 20 years of experience in the industrial measurement arena. During that time he has owned successful metrology and software companies
LIG Marine Managers released its new On Line Marine GL and Maritime Employers Liability Rating Program, Thunderstorm, designed to provide instant service and quotes for a wide variety of marine related accounts. The program is designed for marine contractors, boat repairers, stevedores, terminal operators, wharfingers and related marine industries. The Thunderstorm Rating System will be expanded to other lines over the next six months as well.
CTG ship-breakers import 42 large ships in last two months Chittagong-based ship-breakers imported 42 large-sized recyclable ships in February and March this year at a cost of US$ 45 million, according to Jasim Khan's news report in the Financial Express. Industry sources said the ships will be able to supply about one million tonnes of MS rod -- a major construction material -- against the annual national demand for four million tonnes.
The following statement has been issued by Rear Admiral John Kirby, Navy Chief of Information: "Today we provided Congress information tables from our draft 30-year shipbuilding plan. We believe the information found in these tables clearly articulates our intention to modernize and grow the fleet to our required minimum of 306 ships. We have been upfront and transparent about the need to decommission older ships, while at the same time introducing new and more capable platforms.
Pipe joining solutions manufacturer Victaulic has introduced new roll sets for the VE416FSD roll grooving tool that permit roll grooving of 2- to 6-inch Schedule 80 carbon steel pipe. According to the manufacturer, the new capability enables Schedule 80 pipe—commonly used for corrosive services—to be grooved and joined with Victaulic couplings for approved applications, eliminating the need to weld.
OSHA Safety concerns call for the use of enclosed blast cleaning. With blast cleaning rooms becoming popular, sound design and engineering precepts are priorities for any blast cleaning equipment manufacturer. BCP, a division of USF Surface Preparation Group, helped to pioneer the design and manufacture of advanced airblast systems for more than half a century. The company has just completed a 12-page product guide that highlights a wide range of custom designed BCP airblast rooms and
The St. Lawrence Seaway has debuted its new Traffic Management Improvement Project (TMIP). The project is a joint venture between the St. Lawrence Seaway Management Corporation on the Canadian side and the U.S.-based St. Lawrence Seaway Development Corporation. Installed at the St. Lambert, St. Catherine and Massena control centers, the system is able to monitor and schedule vessel traffic on both sides of the border
Kadey-Krogen Yachts introduce new ergonomically enhanced 44-ft luxury trawler yacht - the Krogen 44 AE Kadey-Krogen Yachts have brought out the Krogen 44 AE, a new model in the company's Advanced Ergonomics series. Building on the success of the Krogen 48 AE, which was introduced last year, the Krogen 44 AE is highlighted by a new galley layout and an even more generously sized flybridge. The new Krogen 44 AE is the result of a collaborative effort among owners
MAN Diesel & Turbo introduces new small-bore two-stroke, updates designs of ME-B & G series engines. MAN Diesel & Turbo’s updated engine programme features several, positive changes to its two-stroke marine segment. The most significant of these is to the ME-B and G portfolios that are increasingly finding favour in the coastal & river segment in major markets such as China, Japan and Russia, and in container traffic, respectively.
NTNU spin-off company Eelume collaborates with Kongsberg Maritime and Statoil to develop swimming robots for subsea inspection and light intervention. Kongsberg Maritime and Statoil have signed an agreement with Eelume, a NTNU spin-off company
Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced full-scale operations at its newly relocated Head Office in Houston, Texas, following a move from its previous base in New York.
PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million. Through its incubator program, PSA unboXed seeks to invest in and nurture start-ups that are keen to create innovative
Bouchard Transportation Co., Inc., an independently-owned oceangoing petroleum barge company, has introduced a new corporate logo and announced plans to launch an updated website before the end of the year. Both the new logo and updated website, www.bouchardtransport
The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period. Following restructuring efforts after a major acquisition, gross profit margin increased to 24
The annual Tripartite meeting between shipowners, shipbuilders and classification societies was held in Seoul, Republic of Korea on 16 and 17 October 2015. The meeting was attended by 100 high level representatives of the industry, including chairmen and executives of the Round Table
Container shipper Maersk Line has introduced two new services for its Far East/Southeast India network: the Chennai Express (CHX) and the Chennai Express 2 (CHX2). From January 2016, the shipper will introduce two new services, a vessel sharing agreement on the Chennai Express (CHX) and
As part of the Government’s drive to encourage voluntary compliance with the tax rules, it will legislate to introduce a new requirement that large businesses publish their tax strategies as they relate to or affect UK taxation, as well as a special measures regime to tackle businesses
Press release - Dover and London Coastguard Operations Centers (CGOC) have become part of the new Coastguard national network. Work has been carried out at both search and rescue coordination centers to upgrade the technology and introduce new systems
Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate, has started initial trial operations of its Port Community System, ‘Maqta Gateway’, following the successful completion of Stage1 of the overall project development.
Eco Marine Power (EMP) has announced that it has entered into a sales and support agreement with Jastram Technologies Ltd. of Canada. This agreement paves the way for EMP to begin offering a wide range of products and services to the Canadian shipping and offshore sector.
Kidde Fire Systems launched a new control head monitor (CHM) for electric actuators and solenoid monitors for directional valves. The new CHM is fully compliant with the National Fire Protection Association (NFPA) 2001-2012 Standard on Clean Agent Fire Extinguishing Systems and is designed
United Arab Shipping Company (UASC) has announced a new Indian Subcontinent Mediterranean Express Service (IMEX), providing its customers with optimal coverage from the Arabian Gulf, Indian Subcontinent and Red Sea into West Mediterranean.
United Arab Shipping Company (UASC) has launched a new Indian Subcontinent Mediterranean Express Service (IMEX) on 26 February, offering coverage from the Arabian Gulf, Indian Subcontinent and Red Sea into West Mediterranean. This new, fixed–day
The Port of London saw larger ships than ever calling last year as the tonnage of cargo handled at Thames terminals climbed to 45.4 million metric tons (up 2 percent from 2014). PLA chief executive, Robin Mortimer said, “Last year a number of operators introduced new