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Security Funding

Supplemental Homeland Security Funding

The Department of Homeland Security released the Statement of Secretary Ridge


$30m for Washington State Port Security

April 8, U.S. Senator Patty Murray (D-WA) announced that Washington state ports will receive $30.3m for port security efforts across the state this year. The funds, which will now begin to be distributed to state ports, will go toward infrastructure security improvements including chemical detectors, cameras, security gates, access controls, and training and exercises. “As we work to stabilize our economy and spur investment in Washington state


Georgia Port Funding Announced

Governor Sonny Perdue announced awarding $1.695 million in Port Security Grants to the Georgia Ports Authority (GPA). "I want to thank President Bush, Secretary Ridge, and our excellent delegation in Washington for these homeland security funds that will help protect Georgia's coast from acts of terrorism and provide further security enhancements for our ports," said Governor Sonny Perdue. "We must continue to work with our


Schwarzenegger Announces $5M Port Security Grant

Governor Schwarzenegger joins Admiral Kevin J. Eldridge, USCG, Commander, Eleventh Coast Guard District and Matt Bettenhausen, Director, Office of Homeland Security, State of California, onboard a UTB-41 Coast Guard boat to observe coast guard port security drills. Gov. Arnold Schwarzenegger announced a $5 million grant to improve port security at 11 of California's ports during a visit to the San Diego Coast Guard Joint Operations Center


AAPA Testifies on Seaport Security

Kurt J. Nagle, president and CEO of the American Association of Port Authorities (AAPA), testified on seaport security before the House Transportation and Infra­structure Subcommittee on Coast Guard and Maritime Transportation. On the issue of the proposed acquisition of P&O Ports by DP World, Nagle indicated that in reviewing a transaction of this type, “it is the appropriate role of the federal government to determine if there are national security concerns with any


House Vote to Increase Port Security Funding

The American Association of Port Authorities (AAPA) welcomed the U.S. House of Representatives' approval to increase by 14 percent the funding for the Port Security Grant program in fiscal year 2007. By a vote of 389 to 9, the House version of the FY'07 appropriations bill for the Department of Homeland Security would provide $200 million in Port Security Grant program funds, compared to $150 million recommended by the House for FY'06.


Gov. Schwarzenegger Creates California Maritime Security Council

(Photo Credit: USCG) Recognizing the expanded need for coordination and information sharing between the federal, state and local governments at our ports, Gov. Schwarzenegger signed an executive order creating the California Maritime Security Council (CMSC). "California's ports are vital not only to our own economy, but to the nation's economic health as well. Our state handles nearly half of all the port traffic in the United States and more than $4


AAPA: New Security Regulations Will Require Billions in Investment

The American Association of Port Authorities commends Homeland Security Secretary Tom Ridge and the U.S. Coast Guard (USCG) on the release of regulations to secure America's ports from terrorist acts. These final regulations call for port facilities to conduct vulnerability assessments, develop security plans and implement enhanced security measures. Enhancing seaport security is a top priority for U.S. ports today. Public port agencies have invested millions of dollars to increase


10 Years After 9/11, Security Still a Top Priority of U.S. Ports

AAPA Concerned Federal Budget Cuts May Impact Port Security Progress. Port and industry leaders from throughout the Western Hemisphere will pause on Sunday, Sept. 11, as part of the 100th Annual Convention of the American Association of Port Authorities (AAPA) in Seattle (Sept. 11-15), to remember those tragically lost in the terrorist attacks on U.S. soil 10 years ago.  Among those lost were 84 industry colleagues from the Port Authority of New York and New Jersey who perished at the


Criticism of Port Security Grant Program 'Misses the Mark'

Responding to recent news coverage about major management challenges facing the Department of Homeland Security (DHS), including the way the department has handled its Port Security Grants Program, American Association of Port Authorities (AAPA) President Kurt Nagle said the criticism "misses the mark," noting that the program's biggest problem is a serious lack of money to assist American seaports in paying for critical security measures.


Melbourne Box Pot Lining Up Bidders

Containership_Marad.jpg

Three of Australia's largest infrastructure funds plan to bid for the country's largest container terminal in a sale expected to fetch about A$5 billion ($4.27 billion) for Victoria state, a source with knowledge of the process said on Wednesday.


Will Congress Pass Any Maritime Legislation in 2014?

Jonathan K. Waldron

Following its usual summer break over August 2014, Congress came back from its five-week summer recess and spent a whopping eight days or so back in session before recessing once again, approximately a week early, to hit the campaign trail for the November elections


Hedge Funds' Big Bets on Energy Companies Pummeled

Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller


MARAD Releases Port Planning and Investment Toolkit

New Toolkit Will Assist U.S. Ports in Securing Funding for Infrastructure Projects  The U.S. Department of Transportation’s Maritime Administration (MARAD) today released the first module of the Port Planning and Investment Toolkit, a manual designed to aid U.S


Ambrey Risk Acquires Drum Cussac Security Unit

Photo courtesy of Ambrey Risk

Drum Cussac and Ambrey Risk have agreed the sale and purchase of Drum Cussac’s maritime transits security division. Drum Cussac’s transits security division provides security consultants in all marine environments to protect commercial shipping from seaborne piracy threats


Partnerships Key to Caribbean Maritime Security

Commodore Roderick Bowe

Planning and execution of port and maritime safety and security in Caribbean region is all about partnerships Maritime security and safety experts are meeting in Nassau, Bahamas, this week to examine mutual threats and solutions and challenges and opportunities in the region


Pirates Launch Renewed Attacks in Nigeria's Oil Delta

Pirates have launched a spate of attacks in the creeks of Nigeria's oil-producing Niger Delta region since last Thursday, killing three policemen and abducting at least nine people, security officials said. Most of those kidnapped were local workers in Africa's biggest oil industry


Multiple Pirate Attacks in Nigeria's Oil Delta

Pirates have launched a spate of attacks in the creeks of Nigeria's oil-producing Niger Delta region since last Thursday, killing three policemen and abducting at least nine people, security officials said. Most of those kidnapped were local workers in Africa's biggest oil industry


Euronav Postpones Public Offering

Euronav Filikon (Photo: Euronav)

Citing “unfavorable current capital market conditions,” Euronav NV announced today that it is postponing its contemplated initial public offering of ordinary shares in the United States and related offer to exchange the company’s outstanding unregistered ordinary shares in


Security for the Long Run

Swiftships sandblasting of the 148 ft vessels for South Oil Company of Iraq.

Firms Building Sought-After Security Boats Have Multiyear Backlogs U.S. companies continue to land lucrative contracts with domestic and foreign customers for vessels that are designed or specially customized to meet defense, police and anti-piracy needs


ICS: Oil Pollution Compensation Regime under Threat

Peter Hinchliffe (Photo: ICS)

The running of the global regime for compensation from oil pollution from ships may be under threat, due to a decision by governments to wind up the 1971 International Oil Pollution Compensation Fund (IOPCF), says the International Chamber of Shipping (ICS)


Piracy Expected to Increase Ahead of Nigeria's Election

Piracy globally costs firms $7 bln, govts $12 bln a year Ships reducing security after Somali attacks down Piracy will increase in the Gulf of Guinea as Nigeria prepares for an election next February in order to funnel ransom money into campaign financing


DP World Acquires Dubai-based World Security FZE

  DP World today announces that it has acquired World Security FZE for total consideration of $25.5 million. World Security FZE provides security services and solutions to various corporates in Dubai including ports and free zones.


EC Sues Spain over Port Security

The European Commission is taking action against Spain before the Court of Justice of the European Union, because 20 Spanish ports have yet to adopt and implement the port security plan. The main objective of European port security policy is to provide protection for ships and port facilities


Skip, Skip, Skip to the Loot

Options abound for operators to make timely payments and maintain access to funding. There are many different operating models in the commercial marine universe. Some businesses operate 24/7/365, while others operate seasonally. Driven by the low temperatures and inclement weather of late autumn






 
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