IWAI Raises Funds Through Bonds
The Inland Waterways Authority of India (IWAI) has raised Rs. 660 crore (USD 102mln) as “Government of India(GOI) Fully Serviced Bonds”. The resources raised by way of bonds are in addition to the budgetary support from the Government of India. The Government had taken a decision to enable IWAI to raise Rs 660 crore through GOI Fully Serviced Bonds in 2017-18. The IWAI had engaged arrangers, credit rating agencies, registrars and trustees prior to raising the Bonds. Both CRISIL and CARE rated the proposed instrument of IWAI as “AAA: STABLE”.
Exercise Enhances Maritime Security
Exercise LUMBAS is an annual bi-lateral exercise between the Australia and the Philippines, and is being undertaken concurrently to the Royal Australian Navy’s visit to the region. The long standing and close working relationship between Australia and the Philippines was reinforced with amphibious giant, HMAS Adelaide hosting a visit and capability briefing to participants. Royal Australian Navy, Philippine Navy and other Philippine Government Agencies aim to develop and enhance…
Vard to Negotiate for Three Coast Guard Vessels for Norway
Ship designer and builder Vard Holdings Limited announced that it has been invited to continue negotiations for the construction of three new vessels for the Norwegian Coast Guard. The Norwegian Government had originally announced plans for the construction of three new Coast Guard vessels in September 2016. Following review of offers from three competing yards, Vard Langsten has now been selected to continue negotiations. If the negotiations are successful, according to the Government’s timetable, the project shall be tabled for approval by the Norwegian Parliament in 2018. Delivery of the first vessel would be in 2022.
Rotterdam Boosts Container Throughput
The number of containers handled in the port of Rotterdam continues to grow. In the first nine months of 2017, the throughput of containers increased by 10.1 percent compared to the corresponding period in 2016, to a total of 10.2 million units (TEU). The port’s total throughput in that same period increased by 2 percent. In addition to containers, the key contributors to this overall growth were the agribulk and breakbulk segments. The port recorded a drop in the throughput of liquid bulk like mineral oil products.
TOTE's Productivity Increases at Port of San Juan
TOTE Maritime continues to see an increase in overall productivity at the Port of San Juan as more and more containers leave the terminal for communities around Puerto Rico. Monday the terminal reached 87 percent productivity with more than 330 loads of relief and commercial goods leaving the terminal. TOTE Maritime has been working closely with a number of partners including the Department of Homeland Security, American Red Cross, FEMA, the Puerto Rican government, the Government’s Elderly Support Team and customers to support their needs as they deliver goods to the island.
US Forecaster Sees 55-65% Chance of La Niña
A U.S. government weather forecaster said on Thursday conditions were favoring La Niña weather pattern during the Northern Hemisphere fall and winter 2017-18. The Climate Prediction Center (CPC), an agency of the National Weather Service, in a monthly forecast said the chances of La Niña were seen at 55 percent to 65 percent. Reporting by Karen Rodrigues in Bengaluru
UK Partners Join Forces in Bid to Build Naval Frigates
A new partnership between Cammell Laird and BAE Systems aims to position the companies to build five Type 31e Frigates for the U.K. Royal Navy. The Teaming Agreement has been formed in response to the U.K. Ministry of Defense Request for Information and will now be part of a competitive tender process. Under the agreement, Cammell Laird will act as Prime Contractor to build the Type 31e Frigates with BAE Systems providing warship design, engineering capability and combat systems expertise.
Saab's Maritime Solution Protecting Great Barrier Reef
As one of the wonders of the natural world, many consider the Great Barrier Reef one of the Earth’s most beautiful places. The marine environment in the area is extremely sensitive and with around 4000 commercial vessels passing every year, it is important for the vessel services operators working onshore to keep track of the traffic at all times. That’s where Saab comes in. Comprising nearly 3000 individual reefs and almost 100 islands, the Great Barrier Reef is the world’s largest coral reef system.
Suez Canal Revenues Fall
Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017, the data showed. However, Suez Canal Authority (SCA)'s revenues raised by 3.4 per cent within the period from January-October 2017, increasing to $US4.3 billion up from $US4.2 billion in 2016. The chairman of SCA and SCZone (Suez Canal Economic Zone) Mohab Mamish said that that the number of ships crossing the canal waterway increased by 2.9 per cent…
World’s First Floating Wind Farm Starts Production
The world's first offshore floating wind farm has started to deliver electricity to the Scottish grid, providing power to approximately 20,000 households. The 30MW Hywind Scotland wind farm, operated by Statoil in partnership with Masdar 25 kilometers offshore Peterhead in Aberdeenshire, Scotland, was officially opened today by First Minister of Scotland, Nicola Sturgeon. “This marks an exciting development for renewable energy in Scotland,” First Minister Sturgeon said. “The learnings from Hywind Scotland will pave the way for new global market opportunities for floating offshore wind energy.
St. Lawrence Seaway Cargo Volumes Buoyant
As marine shipping continues to support the growth of the Canadian and U.S. economies, St. Lawrence Seaway cargo shipments to-date for 2917 are 14 percent ahead of 2016 volumes. Total cargo tonnage from March 20 to September 30 reached 24.3 million metric tons – 3 million metric tons more compared to the same period in 2016, according to The St. Lawrence Seaway Management Corporation. “Our results point to the strength of the Canadian and U.S. economies. Export shipments of mined products such as iron ore and dry bulk via the Seaway have grown dramatically this year…
Slowing Down the Revolving Door
In the wake of the recent ethics scandal at Boeing1, Congress has begun to focus on the many issues that arise when government contractors hire former federal government employees. Because of Congress' involvement, government contractors are under close scrutiny when they hire such individuals, particularly those with whom the contractor had dealings prior to the offer of employment. While the "revolving door" between the federal government and private industry is controlled by the 1996 Procurement Integrity Act2 and the 1989 Ethics Reform Act3, many members of Congress have called for additional legislation further tightening the laws limiting post-government employment.
Furuno DS60 DSL Selected for 200+ USCG Vessels
Furuno USA, Inc. said it has been awarded a five-year U.S. Coast Guard (USCG) IDIQ contract, valued at approximately $10 million, to supply Doppler Speed Logs (DSL) as part of the USCG’s Doppler Speed Refreshment Project. Furuno’s DS60 DSL will be installed on more than 200 vessels, ranging from 87’ Marine Protector-class patrol boats to the 418’ National Security Cutters, the largest class of vessel in the USCG fleet. The U.S. Government required a DSL that would interface with existing shipboard equipment…
Smooth Sailing in the Philippines
The recent visit to the Philippines, by two Australian Navy ships of the Indo-Pacific Task Group has significantly reinforced the strong defence relationship between Australia and the archipelago. Led by HMAS Adelaide in company with HMAS Darwin, both ships were welcomed to the Port of Manila by the Philippines Navy for a full day of engagements including the visit by the Philippine President Rodrigo Duterte and Australian Chief of the Defence Force, Air Chief Marshal Mark Binskin.
Oz For a Sustainable Naval Shipbuilding Industry
Senator David Johnston, the Australian Minister of Defence announced about the government's was committed to creating a sustainable naval shipbuilding industry. He informed that the Government would be investing in a safe and secure Australia. As part of this commitment – and building towards the release of the Defence White Paper – the Government today announces a three point plan that will create a sustainable naval shipbuilding industry that supports shipbuilding jobs. * Firstly, the Government will work with industry to fix the Air Warfare Destroyer program.
Support for Fishers in Tilligerry Creek, Fullerton Cove Extended
The Australian Government today tabled its response to the Senate Foreign Affairs, Defence and Trade References Committee report, Inquiry into firefighting foam contamination Part A - RAAF Base Williamtown. As part of its response, the Australian Government has announced the continuation of the existing financial assistance package to fishers and businesses affected by the NSW Government's precautionary closures of the Tilligerry Creek and Fullerton Cove fisheries beyond 30 June 2016 and will also introduce a new Business Transition Payment.
U.S. Army General to Lead to Puerto Rico Recovery Effort
The Pentagon named a senior general to command military relief operations in hurricane-ravaged Puerto Rico on Thursday and the Trump administration sent a Cabinet emissary to the island as U.S. lawmakers called for a more robust response to the crisis. The U.S. territory of 3.4 million people struggled through a ninth day with virtually no electricity, patchy communications and shortages of fuel, clean water and other essentials in the wake of Hurricane Maria, the most powerful storm to hit the island in nearly 90 years. The storm struck on Sept.
Inmarsat Government Appoint Susan Miller President & CEO
Inmarsat Government, a leading provider of secure, global, mission-critical telecommunication solutions to the U.S. public sector, announce the appointment of Susan Miller as president and chief executive officer. In this role, Miller will be responsible for the overall business strategy and direction for Inmarsat Government, a wholly-owned, independent subsidiary of Inmarsat plc, responsible for all direct U.S. government business. Miller has over 20 years of senior executive leadership experience across a wide range of technologies that serve the U.S. government and commercial sectors.
'Immarsat Government' Enhance Website
In January 2012, Inmarsat's U.S. government functions were combined with those of Stratos and Segovia and rebranded as Inmarsat Government. The consolidated organisation provides global, secure, communication solutions to meet the U.S. government's mission-critical telecommunication needs. The website provides customers and partners with an in-depth understanding of its offerings and how these solutions can be best implemented through a wide range of secure products, infrastructure and contract vehicles. Inmarsat Government's solutions bring together satellite capacity, terrestrial infrastructure, customer support, and Information Assurance to meet mission demands of a wide range of U.S. government users.
Ribcraft Awarded GSA Supply Contract
Ribcraft line of rigid inflatable boats has been approved for the United States Government's General Services Administration (GSA) Awards Schedule, a government approved listing of suppliers and manufacturers for all government agencies. "Even though we have already provided RIBs to several government agencies,inclusion in the GSA Schedule will allow us to better support our present federal customers as well as make our RIBs and offerings more accessible to all interested agencies," said Brian Gray, President of Ribdraft USA.
BP Marine Wins US Government Award
BP Marine has collected its third accolade after the innovation of its SEA Card – Ships’ bunkers’ Easy Acquisition Card – solution was recognized by the US Government. Created as a solution to the US Defense Energy Support Center’s (DESC) search for a more efficient marine fuel procurement process, SEA Card played a significant role in the Government Fuel Card Program winning the 2007 David Packard Excellence in Acquisition Award. The Government Fuel Card Program team received the honor for making the acquisition system for air, fleet and sea fuels more efficient, responsive and timely.
Jones Walker Expands Government Relations & Transportation Practice
Jones Walker today announced the expansion of its government relations practice with the addition of John S. Doyle, Jr., Vice President of Government Relations for Waterways Work!, as special counsel in the firm’s Washington, D.C. office. In making the announcement, R. Christian Johnsen, head of Jones Walker’s Washington office, said, “Mr. In 1999, Jones Walker formed a strategic alliance with The Livingston Group, headed by Bob Livingston, former Louisiana congressman and chairman of the House Appropriations Committee. The Livingston Group-Jones Walker strategic alliance represents interests from Louisiana as well as national and multinational companies, many with U.S. and global shipping and transportation interests.
Experimental Lakes Research to Continue in Canada
The Honorable Greg Rickford, Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, and Joyce Bateman, Member of Parliament for Winnipeg South Center, on behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans, today announced that agreements have been finalized with the new operator of the Experimental Lakes Area, the International Institute for Sustainable Development (IISD ELA Inc.) These agreements mean that the federal government has fulfilled its commitments to ensuring that research at the Experimental Lakes Area can continue under a new operator. “I am pleased to announce that the federal government has secured a new operator for the Experimental Lakes Area…