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Security Funding

$307,500 PSGP Funding for Hueneme Port

The funds will enable the port to invest in systems that enhance its capabilities Photo Port of Hueneme

The Port of Hueneme announced that it will receive more than $307,500 in funds from the U.S. Department of Homeland Security (DHS) through the Fiscal Year 2016 Port Security Grant Program (PSGP). The funds will provide multi-functional applications protecting critical port and regional infrastructure from terrorism, enhance maritime domain awareness, improve port-wide maritime security risk management, and maintain or reestablish maritime security mitigation protocols that support port recovery and resiliency as well as enhance the response capabilities of our regional law enforcement partners. Said President of the Board Dr. Manuel Lopez, “The Port is proud to be a recipient of these critical funds through the Port Security Grant Program administered by the U.S Department of Homeland Security and the Federal Emergency Management Agency (FEMA). These funds will enable our port to invest in systems that enhance our capabilities to deter and respond to activities not in our best interest and allow us to provide a safer and more secure port.” “The Port of Hueneme is vital to the economic well-being of Ventura County and Southern California,” said Congresswoman Julia Brownley. “I am pleased to announce that the Port of Hueneme will receive this critical homeland security funding to ensure safety and security at the Port.”


Supplemental Homeland Security Funding

The Department of Homeland Security released the Statement of Secretary Ridge


$30m for Washington State Port Security

April 8, U.S. Senator Patty Murray (D-WA) announced that Washington state ports will receive $30.3m for port security efforts across the state this year. The funds, which will now begin to be distributed to state ports, will go toward infrastructure security improvements including chemical detectors, cameras, security gates, access controls, and training and exercises. “As we work to stabilize our economy and spur investment in Washington state


Georgia Port Funding Announced

Governor Sonny Perdue announced awarding $1.695 million in Port Security Grants to the Georgia Ports Authority (GPA). "I want to thank President Bush, Secretary Ridge, and our excellent delegation in Washington for these homeland security funds that will help protect Georgia's coast from acts of terrorism and provide further security enhancements for our ports," said Governor Sonny Perdue. "We must continue to work with our


AAPA Testifies on Seaport Security

Kurt J. Nagle, president and CEO of the American Association of Port Authorities (AAPA), testified on seaport security before the House Transportation and Infra­structure Subcommittee on Coast Guard and Maritime Transportation. On the issue of the proposed acquisition of P&O Ports by DP World, Nagle indicated that in reviewing a transaction of this type, “it is the appropriate role of the federal government to determine if there are national security concerns with any


Schwarzenegger Announces $5M Port Security Grant

Governor Schwarzenegger joins Admiral Kevin J. Eldridge, USCG, Commander, Eleventh Coast Guard District and Matt Bettenhausen, Director, Office of Homeland Security, State of California, onboard a UTB-41 Coast Guard boat to observe coast guard port security drills. Gov. Arnold Schwarzenegger announced a $5 million grant to improve port security at 11 of California's ports during a visit to the San Diego Coast Guard Joint Operations Center


House Vote to Increase Port Security Funding

The American Association of Port Authorities (AAPA) welcomed the U.S. House of Representatives' approval to increase by 14 percent the funding for the Port Security Grant program in fiscal year 2007. By a vote of 389 to 9, the House version of the FY'07 appropriations bill for the Department of Homeland Security would provide $200 million in Port Security Grant program funds, compared to $150 million recommended by the House for FY'06.


Gov. Schwarzenegger Creates California Maritime Security Council

(Photo Credit: USCG) Recognizing the expanded need for coordination and information sharing between the federal, state and local governments at our ports, Gov. Schwarzenegger signed an executive order creating the California Maritime Security Council (CMSC). "California's ports are vital not only to our own economy, but to the nation's economic health as well. Our state handles nearly half of all the port traffic in the United States and more than $4


AAPA: New Security Regulations Will Require Billions in Investment

The American Association of Port Authorities commends Homeland Security Secretary Tom Ridge and the U.S. Coast Guard (USCG) on the release of regulations to secure America's ports from terrorist acts. These final regulations call for port facilities to conduct vulnerability assessments, develop security plans and implement enhanced security measures. Enhancing seaport security is a top priority for U.S. ports today. Public port agencies have invested millions of dollars to increase


10 Years After 9/11, Security Still a Top Priority of U.S. Ports

AAPA Concerned Federal Budget Cuts May Impact Port Security Progress. Port and industry leaders from throughout the Western Hemisphere will pause on Sunday, Sept. 11, as part of the 100th Annual Convention of the American Association of Port Authorities (AAPA) in Seattle (Sept. 11-15), to remember those tragically lost in the terrorist attacks on U.S. soil 10 years ago.  Among those lost were 84 industry colleagues from the Port Authority of New York and New Jersey who perished at the


Diana Prices USD 70 mln Public Offering

Photo: Diana Shipping Inc

 Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels,  announced that it has priced its previously announced underwritten public offering of 17,500,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share.   


Horizon Shipbuilding Grows through Diversification

Photo: Horizon Shipbuilding

Alabama's Horizon Shipbuilding is bustling with activity. New York Fast Ferries are being quickly delivered, large AST tugs are being built and launched, and vessels of all sizes are cycling through weekly for refurbishment and refit.  


UN to Support Senegal’s Maritime Security

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO)  joined other United Nations agencies supporting Senegal’s maritime and port security, in an assessment visit to Dakar (27-29 March).   IMO acted as the lead agency for maritime security provisions during the assessment of


India's Cochin Shipyard Gears up for IPO

Photo: Cochin Shipyard Ltd

 Cochin Shipyard Ltd (CSL),  India's largest public sector shipyard, has filed  initial public offering (IPO)document with  the market regulator Securities and Exchange Board of India (SEBI)  to go public.  The government approved a stake sale of up to 25 percent.


PensionDanmark, Danica Roll Out $300mln Maritime Investment Fund

Photo: PensionDanmark A/S

 PensionDanmark, Danica and Navigare Capital Partners have established the Maritime Investment Fund I, which, based on capital from the founders, shall build a diversified portfolio of maritime assets including dry bulk, container, offshore, product, crude oil and chemical tankers


USCG Commandant Delivers State of the Coast Guard Address

U.S. Coast Guard Commandant Adm. Paul Zukunft  (Photo: USCG)

U.S. Coast Guard Commandant Adm. Paul Zukunft delivered the 2017 State of the Coast Guard Address at the National Press Club Thursday.   This was Adm. Zukunft's third State of the Coast Guard Address and he emphasized the service as a unique instrument of national security.  


Trinidad and Tobago: Focus on Security Drills and Exercises

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO) is conducting an Advanced Drills and Exercises Workshop for inspectors and officers responsible for port security in Trinidad and Tobago.    The training, underway in Port of Spain (14-17 April)


Seagull, DNV GL Offer Cyber Security Training

Anita Oestmann, DNV GL and Roger Ringstad, Seagull Maritime. Photo T.Aas, Seagull Maritime 2017 (Photo: DNV-GL & Seagull Maritime)

Cyber security threats have increased over the past few years in the maritime industry. Together with DNV GL, Seagull now offers an immediate solution to help train staff to be cyber secure.   With the increasing use of systems with embedded software on ships and mobile offshore platforms


AIWW Outlook Brightens

(Photo: AIWA)

Working to Develop an Integrated Maritime Transportation System    The Atlantic Intracoastal Waterway Association is an advocacy organization for one of the nation’s longest water infrastructure projects stretching over 1,100 miles – the Atlantic Intracoastal Waterway (AIWW)


Preventive Strategies for Maritime Security

Photo: International Maritime Organization (IMO)

The importance of well-coordinated, risk-based preventive strategies to counter maritime security threats was highlighted by International Maritime Organization (IMO)'s Chris Trelawny, Special Adviser on Maritime Security and Facilitation, during a debate at the United Nations Security Council (13


FSDEA to Invest in Port Infrastructure

FSDEA logo

The Fundo Soberano de Angola (FSDEA) Angola’s sovereign wealth fund, today announced that it has committed to invest $180 million in a strategic deep sea port in Angola. The commitment is made as part of FSDEA’s $1.1 billion infrastructure fund.


Teekay Contemplates Norwegian Bond Issuance

Photo Teekay LNG

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it intends to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bonds due in October 2021 (TKLNG04 - ISIN: NO0010777089)


Maritime Crimes On The Rise, Says BIMCO Experts

Pic: United Nations Office on Drugs and Crime

 Industry security experts have concluded that maritime crime will not be stopped any time soon – and that cyber incidents would continue to expand in frequency and severity.   This was the consensus at BIMCO’s first ever Maritime Security Seminar in Copenhagen.  


Levenson Appointed Director, Great Lakes

 The Board of Directors of Great Lakes Dredge & Dock Corporation the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today that Ryan Levenson has been appointed to the Board of Directors


Debt Looms for South Korean Shipyards

 The top four Korean shipbuilders have 2.3 trillion won ($1.9 billion) in notes maturing next year, the most in Bloomberg-compiled data going back to 1997.    Bloomberg reports that some of them may have trouble paying debts without help from the government or group firms






 
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