Global Supply Pressures May Be Nearing Peak
The historically high pressures on global supply chain networks that have contributed to shortages of key goods and materials and a surge in inflation may have peaked, according to a new index released by the New York Federal Reserve on Tuesday.The Global Supply Chain Pressure Index (GSCPI) surged early in the pandemic when China imposed lockdown measures. Pressures eased as production resumed but picked back up during the winter of 2020 as COVID-19 infections jumped."More recently…
Prince Rupert Port Authority Invests in Skeena River Salmon
Canada's Prince Rupert Port Authority announced an initiative to support salmon enhancement in the Skeena River watershed.The Skeena River Salmon Enhancement Program dedicates $1 million from PRPA’s Community Investment Fund specifically to partner with local organizations on projects that increase salmon stock productivity and the maintenance and rehabilitation of critical habitat in the Skeena River watershed.The fund will also seek to support innovative pilot projects that will achieve these objectives and support the health, resilience and sustainability of Skeena River salmon during this International Year of the Salmon.The program is focused on working with regional partners such as First Nations…
Steamship Mutual Set 10% Premium Increase for 2014
At their board meeting on October 22, the directors of the Steamship Mutual reviewed the club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2014 policy year. On the basis of owned claims reported to date, the overall value of claims for the current policy year is expected to be high, continuing the trend of recent years. It was noted that the total value of claims in the layer up to $250,000 is marginally below last year…
Wellhead Secured in Barataria Waterway
The U.S. Coast Guard continues to work with the Louisiana Oil Spill Coordinator's Office LOSCO, Louisiana Department of Natural Resources LDNR, Louisiana Department of Environmental Quality LDEQ, Louisiana Department of Wildlife and Fisheries LAWLF, the Louisiana State Police LSP, and Jefferson Parish Emergency Services to minimize environmental damage resulting from an allision between a tow vessel and a wellhead in the Barataria Waterway, which occurred at approximately 1 a.m., July 27. The Unified Command Post, established at U.S. Coast Guard Sector New Orleans, is reporting that the wellhead was secured at 6:05 p.m. August 1 and is no longer emitting oil or natural gas into Barataria Bay. The wellhead is also equipped with a light.
U.S. Coast Guard Responds to Wellhead Allision
The U.S. Coast Guard is investigating an allision between a towing vessel and a wellhead in the Barataria Waterway at approximately 1 a.m., July 27. The tug vessel Pere Ana C, pushing the dredge barge Captain Buford Berry, allided with the wellhead while it transited the Barataria Waterway. The wellhead is currently emanating oil and natural gas into Barataria Bay. Coast Guard Sector New Orleans issued a Broadcast Notice to Mariners that a report of oil release was detected. An…
