Committee Approves bill to Improve MarAd

Friday, July 21, 2006
The Senate Committee on Commerce, Science, and Transportation has stated that it approved the Maritime Administration (MarAd) Improvement Act of 2006. Among other things, the bill, which will now go to the Senate floor for consideration, would allow the agency to retain certain fees that it collects. It would also provide an alternative approach for operators of Maritime Security Program product tankers to meet US-build replacement vessel requirements. Source: HK Law

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

 
 
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