MARAD to Announce Funding for Marine Highways

Friday, July 16, 2010

In testimony to House Armed Services Committee Subcommittee on Seapower and Expeditionary Forces on July 14, 2010, Maritime Administrator David T. Matsuda indicates that MARAD will issue a Notice of Funding Availability for eligible Marine Highway Project’s in a separate Federal Register notice to be published in July 2010. This notice will implement a new initiative, America's Marine Highway Grants, as authorized under the National Defense Authorization Act for Fiscal Year 2010. The initial $7m funding for the grants is provided in the Consolidated Appropriations Act of 2010.
 
www.americasmarinehighways.com

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Government Update

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

 
 
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