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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


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.


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


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


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


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


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.


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


WCI Hails Funding for U.S. Army Corps of Engineers

Mike Toohey

The Consolidated and Further Continuing Appropriations Act of 2015 released last night provides strong funding for the U.S. Army Corps of Engineers' Civil Works mission for inland navigation.  Emerging details from the Energy and Water Development and Related Agencies Appropriations Act of


AAPA: FY’15 ‘Cromnibus’ Bill Supports Ports

Kurt Nagle, AAPA President & CEO

Significant increases seen for Corps’ seaport programs & EPA’s DERA grants. In reviewing the proposed $1.01 trillion Consolidated and Further Continuing Appropriations Act of 2015 hammered out in Congress late yesterday, the American Association of Port Authorities (AAPA) noted


Moose Boats Delivers 2 Patrol Boats

Photo: Moose Boats

Aluminum boat manufacturer Moose Boats announced the delivery of two patrol boats. The builder delivered a M2-38’ Patrol Catamaran to the United States Park Police in Fort Tilden, New York, as well as a M2-38’ Wide Cabin Patrol Catamaran to the New Jersey State Police in Point Pleasant


Strong Interest in Keppel DC REIT IPO

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• Public Offer of 53,763,000 Units approximately 9.6 times subscribed, valid applications amount to approximately S$478.7 million • Largest REIT IPO in Singapore year-to-date with S$512.9 million raised • Commencement of trading of Keppel DC REIT on the Main Board of the


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


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


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


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


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


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


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


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


Melbourne Box Pot Lining Up Bidders

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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.


High Seas Becoming Less Secure

Peter Astbury - Senior Negotiator Ship and Yacht Contingency Response

  Despite the significant reduction in piracy attacks over the last few years it is now widely accepted by the maritime community that the safety of the High Seas cannot always be guaranteed by Governments. The future of security in the marine environment is about cooperation between the


Pension Funds Take Nautical Turn in Hunt For Higher Returns

Pension funds, squeezed by low interest rates, are exploring investments in shipping in their hunt for higher returns, hoping to benefit once this industry starts to recover from one of its worst ever downturns. There are signs of a gradual pick-up in world trade and ship values for the first






 
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