Federal Budget Released

Tuesday, February 08, 2005
The Office of Management and Budget (OMB) released the President’s 2006 Budget. The Departments of Defense and Homeland Security generally did well. Other departments and agencies are slated for significant cuts. The Coast Guard’s budget would be increased 9.9%. The budget for the Office of Border and Transportation Security (which includes the Customs and Border Protection) also would be increased 9.9%. The budget for the St. Lawrence Seaway Development Corporation would remain unchanged, but only if Congress enacts a proposal to collect user fees. The budget for the Maritime Administration would be cut by 3%, with funding for the Title XI loan guarantee program being eliminated. The budget of the U.S. Army Corps of Engineers for operation and maintenance would be increased by 1.8%. Please bear in mind that this is merely a budget request and a lot can and will happen before monies are actually appropriated. (HK Law)
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Is China Building a Naval Base in Africa?

Recently, The Namibian reported the existence of a "confidential letter from Namibia's ambassador to China, Ringo Abed, to Namibia's foreign minister stating that

BAE Systems to Expand San Diego Shipyard

BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard.   The investment, which will include

Indonesia Partners with China on Maritime

Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint

Finance

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Puerto Rico Readies for Largest Cruise Ships

Thanks to a pier expansion and enhancement, Puerto Rico will welcome the two largest cruise ships in the world, Royal Caribbean International’s Oasis of the Seas and Allure of the Seas, in 2016.

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1236 sec (8 req/sec)