Senate Hearing on Implementation of the SAFE Port Act

Tuesday, October 09, 2007
The Senate Committee on Commerce, Science and Transportation conducted an oversight hearing on Implementation of the SAFE Port Act, which was enacted by Congress in 2006. RADM David Pekoske, USCG explained Coast Guard port security efforts, including development of salvage response plans, unannounced inspections of maritime facilities, and long range identification and tracking. Ms. Maurine Fanguy, TSA, explained the significant progress made with respect to implementation of the Transportation Worker Identification Credential (TWIC) program. Mr. Thomas Winkowski, CBP, provided information regarding the Container Security Initiative (CSI) and other programs of the US Customs and Border Protection (CBP). Mr. Stephen Caldwell, GAO, testified that all the agencies involved in port security face personnel and resource constraints. Mr. Anthony Coscia, Port Authority of New York & New Jersey, testified that enhancing port security while not impeding the free flow of commerce is highly complex, requiring coordinated action at the local, state, federal, and international level. [Source: HK Law]

Finance

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.0699 sec (14 req/sec)