State Assembly to Hear Port Concerns

Monday, February 27, 2006
A dispute over the pending takeover of major U.S. shipping terminals, including Port Newark in New Jersey, will be addressed February 27 by state lawmakers. The state Assembly Homeland Security and State Preparedness Committee is to consider a resolution condemning the Bush administration's approval of a deal permitting a firm owned by the United Arab Emirates government from taking over operations at the northern New Jersey container terminal. The committee will also consider other resolutions demanding that President Bush reconsider and reverse the decision involving Dubai Ports World. The Bush administration has been assailed in Congress by Republicans and Democrats for permitting Dubai Ports World to assume port operations. The company said on February 26 that it has agreed to a broader U.S. review of the security risks from its deal. The state of New Jersey and Port Newark's owner, the Port Authority of New York and New Jersey, last week filed lawsuits aimed at blocking the company from running the port. (Source: Newsday)
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Shipowner Exmar Shelves IPO ... for Now

EXMAR (Euronext: EXM) said that due to unfavorable current capital market conditions, it is delaying the launch of the contemplated initial public offering (IPO)

NAT CEO: Low Oil Prices Benefit the Tanker Market

Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing

CEO Lone: China, India to Dominate Oil Trade

China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by  Harald Lone, Chairman and CEO of Newport Shipping Group.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1377 sec (7 req/sec)