Importers Buy U.S. Corn at Record Pace
Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S. government data, as tightening stocks in Latin America prompt a rush to purchase cargoes of the grain from animal feeders worldwide. A deepening drought in Argentina and limited corn supplies in Brazil, two of the three largest exporters, have opened a window of opportunity for top supplier the United States, which has the largest available surplus for export. The shopping spree comes as a rare bit of good news for U.S.
LNG Cargo from US Plant does U-turn for UK
The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will arrive in Britain later this month as Asian spot LNG prices weaken relative to European benchmarks. The Gemmata tanker is expected to arrive at the UK's Dragon terminal on March 20, according to the local port authority at Milford Haven. As Asian spot LNG prices weakened, the tanker performed a U-turn in the middle of the Atlantic this week away from Asia and towards Europe, shipping data shows.
Oil Platform Fire near Corpus Christi Put Out
The United States Coast Guard said a fire on a Magellan-owned oil platform about three miles offshore of Corpus Christi, Texas on Wednesday afternoon has been put out. No one was aboard the platform at the time of the fire and a response boat crew reported that it was out at about 6:30 p.m., the coast guard said in a statement. The cause of the fire is under investigation, the agency said. (Reporting by Arpan Varghese; Editing by Stephen Coates)
Germany: EU Should Present United Response to U.S. Tariffs
Germany's transatlantic coordinator told a group of newspapers that the European Union should take a common line in responding to proposed U.S. steel and aluminum tariffs. After visiting Washington, Juergen Hardt - a member of Chancellor Angela Merkel's Christian Democrats - told the RND group of newspapers that an escalation of the conflict with the United States was not in Europe's interests and Europe would stick to a "rule-based world order". He added: "It's important that the European Union does not let itself become divided." Reporting by Michelle Martin
What Does the Jones Act Mean for Offshore Wind?
Offshore wind power continues to gain momentum in the United States. How will the Jones Act affect the development, operation and maintenance of offshore wind farms? After years of planning and some unsuccessful attempts, offshore wind power developers finally have their first success in the United States. The Block Island Wind Farm, a 30-megawatt wind farm located just off the coast of Rhode Island, began operations in December 2016, fulfilling the goal of the project’s developer, Deepwater Wind LLC, to build America’s first offshore wind farm.
Fincantieri Services set-up in the U.S.
As part of its business development strategy in the United States, Fincantieri has established Fincantieri Services USA, a wholly owned subsidiary, based in Miami, Florida, which will be the focal point in the country for all the services and after sales activities on cruise ships of the Group. Fincantieri Services USA will be the sole front office for cruise customers, offering a wide range of services - particularly all those related to the life cycle management of the vessels - as well as focusing on repairs and refitting.
De Nora BALPURE BWTS Submits USCG Type-Approval Application
De Nora, a supplier of electrochlorination equipment, confirmed that submission for United States Coastguard (USCG) type approval for its BALPURE ballast water treatment system (BWTS) was made shortly after completion of testing late in 2017. Independently verified by Lloyd’s Register, the results of all shipboard, land-based, and environmental testing, plus documentation, engineering design and final drawings associated with De Nora BALPURE are with the USCG. Don Stephen, Managing Director…
US Pushes More Sanctions Targeting N.Korea Maritime Smuggling
"We are ramping up the pressure on the North Korean regime, and we're going to use every tool at our disposal, including working with our allies and through the U.N., to increase the pressure until North Korea reverses course," U.S. Ambassador to the United Nations Nikki Haley said in a statement. The move coincides with the United States imposing its largest package of unilateral sanctions against North Korea on Friday, intensifying pressure on Pyongyang to give up its nuclear weapons and missile programmes. The U.N.
Steel, Aluminum Tariffs a 'Bad Idea' -Morgan Stanley CEO
Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. "The biggest issues this country faces are not trade deficits, they're fiscal deficits," Chief Executive Officer James Gorman told CNBC. Gorman said that imposing tariffs on a country or ally that the United States sells a lot of goods to is not the "best way to move forward." He added that there may be retaliation from other countries due to the tariffs. "You can't be unilateral with these things," he added.
U.S. Considers Venezuela Oil Sanctions
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said. With Maduro running for another term in an April election that Washington and its allies oppose as a sham, the United States is weighing sanctions that would target Venezuela’s vital oil sector beyond what has been done before, the official told Reuters on Wednesday. Some measures could come before the vote and others could be imposed afterwards.
Maldives Denies Ties to North Korean Oil Smuggling
Maldives on Wednesday denied a Japanese foreign ministry statement that said a Maldives-flagged vessel was used to illegally transfer goods from a North Korean-flagged tanker in defiance of U.N. Security Council resolutions. The Japanese statement said the "Chon Ma San", designated by the United States as a sanctions target, was spotted by a surveillance plane with the Maldivian-flagged tanker "Xin Yuan 18" some 250 km (160 miles) east of Shanghai on Saturday. It said "Japan strongly suspects that the vessels conducted ship-to-ship transfers" banned by U.N. Security Council resolutions.
CMA CGM Expects Volumes to Remain Strong in 2018
Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions. French-based CMA CGM, one of the world's biggest container lines, reported on Friday a $701 million net profit for last year, confirming its turnaround after a shipping downturn in 2016 when it suffered a $452 million loss. "We are rather optimistic about 2018, despite the geopolitical problems," Chairman and CEO Rodolphe Saade told Reuters by telephone.
False Citizenship Claim Leads to Conviction
R. Alexander Acosta, United States Attorney for the Southern District of Florida, Hal Robbins, Special Agent in Charge, Southeast Division, National Oceanic & Atmospheric Administration (NOAA), Keith Perniciaro, Acting Special Agent in Charge, Immigration and Customs Enforcement, and Jonathan Sall, Special Agent in Charge, United States Coast Guard Investigative Service, Southeast Region, announced today that defendant, David N. Straker, a citizen of Barbados residing in Virgin Gorda, British Virgin Islands, was convicted by guilty plea and sentenced by United States District Court Judge Paul Huck in Miami, Florida, in connection with the submission of false document to the United States Coast Guard, in violation of Title 18, United States Code, Section 1001.
Japan Suspects Another North Korea Sanctions Breach at Sea
Japan has discovered another North Korean tanker it suspects of transferring goods with a vessel in defiance of U.N. Security Council resolutions, the Foreign Ministry said on Tuesday. It was the fourth time Japan has suspected such an illegal transfer in recent weeks and comes as the Trump administration and key Asian allies prepare to expand interceptions of ships suspected of violating sanctions on North Korea. North Korea last year conducted dozens of missile launches and…
Marine News Boat of the Month: February 2018
In late November 2017, Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, took delivery of the new build ATB hopper dredge Ellis Island and tug Douglas B. Mackie after successful completion of United States Coast Guard and ABS regulatory sea trials. Representing a substantial reinvestment in the GLDD (and U.S. flag dredging) fleet, Ellis Island significantly…
River Pilot Pleads Guilty
Jim Letten, United States Attorney for the Eastern District of Louisiana, announced that TEAL MURDOCH GRUE, a river pilot and member of the New Orleans Baton Rouge Steamship Pilot's Association ("NOBRA") pled guilty to a Superseding Bill of Information charging him with making false material statements to the United States and misuse of a Federal Pilot's License. GRUE admitted he filed applications with attachments to the Regional Examination Center for the United States Coast Guard in New Orleans, La., in September, 1999 and again in March, 2000, which contained false material statements and entries regarding his personal and marine history with the United States Coast Guard in order to obtain a First Class Pilot's License.
SS United States Supporters Push for NY Return
The 'SS United States' - America's Flagship - is making her final push to return home to New York with a DAY OF ACTION on Thursday, 4, September in Manhattan that will also feature an announcement by a developer interested in re-purposing the historic ship into a major waterfront destination, says the SS United States Conservancy organization. The SS United States redevelopment will create more than 2000 jobs and generate significant revenue for the city. Volunteers will be handing…
European Shipowners on US Steel, Aluminium Tariffs
European shipowners disagree with the US President Trump's decision to impose additional duties on imports of certain steel and aluminium products into the United States. “This protectionist decision of imposing 25% import duties on steel and 10% on aluminium will obviously have a negative impact on transatlantic relations and on global markets”, said Martin Dorsman, ECSA’s Secretary General. “The European Shipping Community is concerned with this development and the potential of full-scale trade war.
US Steel Import Curbs Seen Scuttling India's Rising Exports
India's ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade. "Our exports have increased substantially, about 40 percent growth during January to December (2017)," Singh told Reuters in an interview on Tuesday. "What I foresee is that our exports are going to grow. Last week, U.S. President Donald Trump set import tariffs of 25 percent on steel and 10 percent on aluminium, to come into force in 15 days, a disputed move that threatens to spiral into a trade war.
Shipping Company and Chief Engineer Plead Guilty
Ionia Management, S.A. ("Ionia"), a Greek shipping company with offices in Piraeus, Greece, and Christos Kostakis, chief engineer aboard the M/T (Motor Tanker) Alkyon, a commercial oil and chemical tanker operated by IONIA, pled guilty to covering-up ocean dumping of waste oil by making false entries in a ship log and presenting that log to the United States Coast Guard in the course of an inspection required before docking at a United States port. The guilty pleas were entered in federal court in Brooklyn, New York, before United States District Judge Allyne R. Ross. According to the felony information filed, the Alkyon, like other large ships, produce waste oil from operation of its engineering machinery.
United Defense to Acquire United States Marine Repair
United Defense Industries announced that it has agreed to acquire closely held United States Marine Repair, Inc., a provider of non-nuclear ship repair, modernization, overhaul and conversion services to the United States Navy, for $316 million. Based in Norfolk, Va., United States Marine Repair serves defense and commercial customers at six strategically located ship repair operations in the major ports of Norfolk, Va.; San Diego, San Francisco and San Pedro, Calif.; Pearl Harbor, Hawaii; and Ingleside, Texas. In addition to the company's primary customer, the U.S. Navy, its current customers include the Military Sealift Command, the U.S. Army, the Maritime Administration, the U.S. Coast Guard, and commercial cruise lines such as Holland-America and Royal Caribbean.
Japanese Company Pleads Guilty to Illegal Dumping
Karin J. Immergut, United States Attorney for the District of Oregon, Debra W. Yang, United States Attorney for the Central District of California, Donald P. Sims, Special Agent in Charge of the Portland Area Office, Criminal Investigation Division of the United States Environmental Protection Agency (EPA-CID), United States Coast Guard Rear Admiral Jeffrey Garrett, Commander 13th Coast Guard District, and United States Coast Guard Captain Paul Jewell, Captain of the Port, Portland, announced today that Fujitrans Corporation, a Japanese transportation company, pled guilty to four felony charges for violating the Act to Prevent Pollution from Ships, Title 33, United States Code, Section 1908(a) and Title 33, Code of Federal Regulations, Sections 151.25(a), (d) and (h).
Renewed Effort to Save SS United States
As momentum builds for the effort to save and repurpose the greatest American ocean liner ever built, the SS United States Redevelopment Project (SSUSRP) announced that it has named New Canaan Advisors LLC (NCA) as real estate advisors to a growing team leading this exciting redevelopment program. New Canaan Advisors will assist the SSUSRP on a number of aspects related to transforming the historic ship into a stationary, multi-purpose waterfront destination. The SS United States, which will celebrate the 60th anniversary of its maiden voyage this year, remains the largest passenger vessel ever constructed in the United States. At nearly 1,000 feet long, she remains the fastest ocean liner to cross the North Atlantic and one of the last surviving of the great 20th Century liners.