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Issues Statement

USACE Issue Impact Statement on Ecosystem Restoration Project

The US Army Corps of Engineers issued a notice stating that the draft integrated feasibility report and environmental impact statement for the Mid-Chesapeake Bay Island Ecosystem Restoration Project is available for consideration. Public meetings will be held in Cambridge (October 11) and Taylors Island, Maryland (October 12). Written comments should be submitted by October 23. 71 Fed. Reg. 53090


Recently Acquired Dockwise Did Well in 2012

Dockwise publish audited annual accounts for 2012, having earlier published an unaudited version. The unaudited 2012 results were first disclosed as part of the publication by Dockwise of the Q4 2012 results on 13 February 2013. Performance highlights: Revenues USD 539 million Adjusted EBITDA USD 181 million Adjusted Net Profit USD 40 million Fleet Utilization 74% As indicated in the position statement of Dockwise regarding the mandatory cash offer by Boskalis for


Marad Responds to Labor Critics

U.S. Maritime Administrator David Matsuda

The U.S. Maritime Administration issued a Report Comparing U.S. and Foreign-Flag Operating Costs. The U.S. maritime labor union(s) responded with pointed criticism. Marad issues its own statement in reponse.   Text of Marad Chief Matsuda's Prepared Statement: “The U.S. Maritime Administration’s top priority is to promote the growth and sustainability of America’s maritime industry. The first-of-its-kind ‘Comparison of U.S


Chief Engineer Pleads Guilty to Making False Statements

The U.S. Department of Justice issued a Press Release stating that the chief engineer of an oil tanker pled guilty in federal court to making false statements to deceive the U.S. Coast Guard with regard to overboard discharges of oil-contaminated bilge waste. The offenses occurred during a routine port state control (PSC) boarding by the Coast Guard in Portland, Maine. The chief engineer faces a maximum penalty of up to five years imprisonment, a fine of up to $250,000


Hornbeck Offshore Files Shelf Registration Statements

Hornbeck Offshore Services, Inc. has filed a universal shelf registration statement on Form S-3 and an acquisition shelf registration statement on Form S-4 with the Securities and Exchange Commission. Once declared effective by the Securities and Exchange Commission, the universal shelf on Form S-3 will enable the Company to sell from time to time, in one or more public offerings, up to $350 million of its common stock, preferred stock, debt securities or warrants to purchase common stock


Aker Takes Major Stake In Kvaerner

Aker Maritime has acquired control of about one fourth of Kvaerner for a reported $350 million (3 billion crowns). The purchase made the industrial holding firm, a group of companies operating in more than 20 countries with no previous Kvaerner ownership, the biggest shareholder in Kvaerner. "Aker Maritime ASA has today bought rights issues, shares and options in Kvaerner ASA which together amount to 26.39 percent of the company after the ongoing rights issue


MarAd Issues Notice onLNG DWP Application

The Maritime Administration (MarAd) issued a notice stating that the final environmental impact statement for the Northeast Gateway Energy Bridge liquefied natural gas (LNG) deepwater port (DWP) license application is available for review. The application is for a project that would be located in federal waters of Massachusetts Bay approximately 13 miles south-southeast of Gloucester. Meetings to receive public comments will be held in Gloucester (November 8) and Salem (November 9)


NOIA Echoes Importance of Atlantic Seismic Exploration Hearing

Randall Luthi (Photo: U.S. Department of Interior)

National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement on the hearing on seismic exploration on the Atlantic Outer Continental Shelf held today by the House Committee on Natural Resources, Subcommittee on Energy and Mineral Resources. “The National Ocean Industries Association appreciates Chairman Lamborn’s leadership on this important hearing on the crucial role of seismic surveys in the development of oil and natural gas for our


Offshore Wind Demo Project

The U.S. Army Corps of Engineers (USACE) issued a notice stating that it intends to prepare a draft environmental impact statement for the proposed Duke Energy Carolinas, LLC Offshore Wind Demonstration Project for construction of up to three power generating wind turbines within Pamlico Sound, Dare County, North Carolina. A public scoping meeting will be held in Manteo, North Carolina on March 18. 75 Fed. Reg. 8047 (February 23, 2010).


COE – Widening of Freeport Ship Channel

The US Army Corps of Engineers issued a notice stating that it has completed the final environmental impact statement (FEIS) for widening of the Freeport Ship Channel in Freeport, Texas. Comments on the FEIS should be submitted by February 11. Source: HK Law


Mediterranean Boat People Numbers Near 100,000

Almost 100,000 boat people have made the dangerous journey across the Mediterranean to Europe this year, a roughly 60 percent increase on the whole of last year, and about 800 have died in the attempt, the U.N. refugee agency said on Thursday.


APM Terminals to Sell Container Terminal in Virginia

Photo: APM Terminal Virgina

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital Partners and a British private pension fund. The companies, in a joint statement on Tuesday


NJ Congressmen Supports Offshore Wind Proposal

Offshore wind farm: File photo

Congressman Frank Pallone has issued the following statement in response to the Department of the Interior’s announcement of the proposed lease sale for nearly 344,000 acres off of the New Jersey coast for commercial wind energy development


SABIC Q2 Profit Rises 7% as Expected

  Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 7 percent rise in second-quarter net income on Sunday, matching analysts' forecasts. It earned 6.46 billion riyals ($1


US see Credible Prospect of Nuclear deal with Iran

Josh Earnest

  The White House said on Friday there was a "credible prospect for a comprehensive deal" with Iran over its nuclear program that made it necessary to extend talks with Western powers another four months. "This extension will allow us to continue the negotiations while


Maersk Aims to Raise Aisia-Europe Freight Rates

Photo: Maersk

The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk, said it planned to raise freight rates on routes from Asia to northern Europe by $450 per 20-foot container (TEU). The new rates will take effect from Aug. 1, the company told Reuters in an email on Friday


EU Adriatic and Ionian Strategy Targets Blue Growth

Blue Growth a priority as EU launches Adriatic and Ionian Strategy Better cooperation between countries in the Adriatic and Ionian regions is needed to address shared challenges and better exploit joint opportunities, the EU Fisheries department said today in a statement


AMP Applauds Confirmation of MARAD Administrator

Paul ‘Chip’ Jaenichen as U.S. Maritime Administrator

The American Maritime Partnership (AMP), the voice of the domestic maritime industry, has released the following statement on the U.S. Senate confirmation of Paul ‘Chip’ Jaenichen as U.S. Maritime Administrator:   “AMP members appreciate Administrator Jaenichen’s


India May Appeal Parts of WTO Steel Ruling

India said on Tuesday it may appeal against parts of a World Trade Organization ruling against countervailing U.S. duties on some of its steel exports, despite being partly vindicated in a trade dispute. States impose countervailing duties, or punitively high import tariffs


Tianjin: No Petrochem Fraud

China's Tianjin Port Holdings has found no evidence of an alleged fraud involving petrochemicals reported by media earlier this month, the company said in a statement on Monday. Citing police and trade sources, Reuters had reported police were investigating a suspected contract fraud at Tianjin


Cargotec to Supply Equipment for OSVs

Cargotec_Malaysia web.jpg

MacGregor, a part of Finnish cargo-handling equipment maker Cargotec, has won an order to supply equipment for vessels to be built for Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider, Cargotec said on Friday.


Latest FMCS Update on West Coast Labor Talks

FMCS Statement on Labor Negotiations Between the ILWU and Pacific Northwest Grain Handlers. The Federal Mediation and Conciliation Service issued the following statement (PM / 9 July) on the labor negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Northwest


Gulf Navigation Cuts Capital, Focus on Turnaround

Gulf Navigation.jpg

United Arab Emirates shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million), key parts of a turnaround plan designed to solve its debt problems.


PMA and ILWU Provide Update on Contract Talks

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  The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) today issued the following statement: The parties have agreed to take a 72-hour break from negotiations on a new coast-wide contract while the ILWU attends to an unrelated negotiation


Workers Shutter Israeli Port after Rocket Fire

Workers at a major Israeli seaport in the southern city of Ashdod suspended operations on Tuesday following heavy rocket fire from the nearby Gaza Strip. Violence has flared in recent days across the Israel-Gaza border, and the Israeli military said on Tuesday its Iron Dome defense system shot






 
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