DSC Dredge CEO Wetta Delivers Ghana Fact-Finding Trip Report
As a member of the President’s Advisory Council – Doing Business in Africa (PAC-DBIA), Bob Wetta attended the September 26, 2018 Fact-Finding Trip Report meeting in Washington, D.C., with U.S. Secretary of Commerce Wilbur Ross and 13 other U.S. Government officials. Their purpose was to deliberate and adopt the final report of the 2016-2018 term of the PAC-DBIA. Prepared by IBM’s Takreem El-Tohamy, but unfortunately unable to attend the meeting, Bob Wetta presented the Ghana information…
Russia's NLMK Could Close U.S. Business Due to Tariffs
Russian steelmaker NLMK has told the U.S. Department of Commerce that it could be forced to shut down its U.S. business due to the impact of new U.S. tariffs."Without an exclusion for semi-finished steel slabs, the tariffs will have the perverse effect of killing U.S. steelmaking jobs and potentially putting our company out of business," NLMK USA's Chief Executive Robert Miller wrote in a letter to the U.S. Department of Commerce dated March 23, 2018.Reporting by Polina Ivanova and Anastasia Lyrchikova; Writing by Polina Ivanova
A Time to Build & Refit
The aging Pacific Northwest fishing fleet is either undergoing or about to undergo a long-overdo upgrade, judging by a major economic report commissioned by the Port of Seattle. Fisheries managers, seafood suppliers, yards and the supply chain all hope an accompanying surge in ship finance “lifts all boats”. For now, the newbuild count is growing apace, slowed just a bit by owners opting for major retrofits amid rich fish harvests. This fisheries upsurge comes with some rising stars of ship design-and-build for vessels set to ply the Bering and Beaufort seas.
First Cuba to US Cargo Shipment Arrives
A shipment of artisanal charcoal made its way from Cuba to Port Everglades aboard Crowley’s container ship K Storm, marking the first truly commercial shipment from a Cuban cooperative to a private U.S. business since the U.S.-Cuba trade embargo was imposed more than 50 years ago. Crowley was the first U.S. carrier to obtain a license from the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury to provide regularly scheduled common carrier services for licensed cargo from the U.S. to Cuba. Crowley launched its Cuba service in December 2001, becoming the first U.S. carrier to reenter the country in nearly 40 years, and has maintained a regularly scheduled service ever since, currently operating from Port Everglades in Florida.
US Maritime Technology Export Initiative: Application Open
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime technology companies (typically $2 million revenue and 20 people or below with limited trade show experience) from throughout the United States. With partial funding through the Market Development Cooperator Program (MDCP), this three-year export initiative will focus on markets primarily in Europe and Latin America, with a secondary focus in Asia. There will be separate applications for each year of the initiatives. Applications are due by December 23 at www.bluetechexports.org.
Virginia’s FTZ 20 Expansion Approved
Expansion of Virginia’s Foreign-Trade Zone (FTZ 20) into northeast North Carolina was approved by the US Department of Commerce and the decision provides another means of attracting cargo to The Port of Virginia, the port’s CEO says. “This is an incentive that can be used to attract business to the port and investment and jobs to locations within the FTZ,” said John F. Reinhart, CEO an executive director of the Virginia Port Authority (VPA). “The benefits of the FTZ can be significant and this decision opens the door in northeast North Carolina to those benefits.
Port of LA and GE Transportation to Digitize Shipping
The Port of Los Angeles and GE Transportation are partnering to digitize maritime shipping to help goods reach consumers faster. First-of-its-kind port information portal delivers fast, data-driven insights to enhance maritime supply chain performance and better serve ultra-large container vessels. With consumer spending on the rise, U.S. businesses need greater reliability and visibility from the supply chain to maintain their edge in an increasingly competitive marketplace. Given that 90 percent of global trade moves on the ocean, seaports are critical nodes of the supply chain.
Holcomb to Speak at Indiana Logistics Summit
Newly-elected Indiana Governor Eric Holcomb will provide special keynote remarks at next week's Indiana Logistics Summit. The two-day event is scheduled for Nov. 16-17 at the Indiana Convention Center and the Governor-elect will speak at 9 a.m. in the Sagamore Ballroom on Thursday, Nov. 17. Hosted by Ports of Indiana, Purdue University and Conexus Indiana, the Summit brings together over 350 executives from the logistics and advanced manufacturing sector to discuss critical issues facing all modes of transportation…
DSC Dredge Meets with Louisiana Senator
On September 01, 2016, Bob Wetta, President and CEO of DSC Dredge, LLC, along with the other Louisiana E-Award winners, held a meeting in Louisiana Senator Bill Cassidy’s office. The purpose of the meeting was to recognize the winners for their accomplishments that led to receiving this award. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. In 1961, President Kennedy signed…
DSC Dredge Receives President’s E-Star Award
DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports. In a ceremony held on May 16, 2016, at the U.S. Department of Commerce’s headquarters in Washington, D.C., Department of Commerce Secretary Penny Pritzker said, “These companies demonstrate the opportunity inherent in selling Made-in-America products to the broad customer base that exists outside our borders. During her remarks, Secretary Pritzker singled out several companies, including DSC.
Global Markets Ripe for US Marine Technologies
The growing worldwide demand for marine technologies, port construction and shipbuilding is generating new export opportunities for U.S. companies. As more firms look to boost their bottom line by maximizing their reach to the more than 95 percent of world consumers who live outside of the United States, many are taking advantage of numerous export resources along the way. At the same time, many other businesses have yet to export. International Trade Specialist Maryanne Burke leads the U.S. Commercial Service’s Marine Technology Team, and is based at the Boston U.S.
Producers, Shippers in North American Food Fight
The North American spat pitting Canada and Mexico against the United States over meat labels has sown confusion among producers and shippers in all three countries, with a trade war potentially just weeks away. The World Trade Organization on Monday authorized Canada and Mexico, the biggest markets for exported U.S. goods, to retaliate against the United States' meat-labeling rules, setting the annual level at C$1.055 billion for Canada and $228 million for Mexico. The United States took a step towards defusing the row on Wednesday when the U.S. Congress approved a spending bill that includes the repeal of federal laws mandating meatpackers identify where animals are raised and slaughtered.
BP Exported Super-Light Texas Crude
BP Plc exported nearly 670,000 barrels of minimally processed super-light crude oil from the Houston Ship Channel more than a week ago, according to ClipperData, an industry firm that tracks crude movements. The 667,638-barrel cargo left Enterprise Products Partners' ship channel docks - part of the company's recent $4.41 billion acquisition of Oiltanking Partners LP - on Feb. 15 bound for Rotterdam in The Netherlands, ClipperData partner Abudi Zein said in an interview. The shipment's documentation said the cargo was processed condensate - a super-light form of crude - from the Eagle Ford shale in South Texas, he said. BP declined comment on the shipment or whether the company is among several companies that received U.S.
Lukoil Shipped Canadian Crude from Houston
Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta, Italy, data showed on Tuesday. A 445,000-barrel cargo of Canadian Sour grade loaded on the Sifnos, a Suezmax crude tanker, in Houston and departed on July 6, according to PIERS oil export trade flows data available via Thomson Reuters' Eikon. It discharged at the 320,000 barrel-per-day (bpd) ISAB refinery in Augusta, Italy, on the island of Sicily, on Aug. Lukoil, the second-biggest oil producer in Russia, took a stake in the Sicilian refinery in 2008 and gradually increased its stake to full ownership in December 2013. The U.S.
US Steel Producers Win Anti-dumping Case
The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry. U.S. steel companies lodged a complaint in 2013 as foreign manufacturers cashed in on soaring U.S. energy infrastructure demand. Imports doubled last year and accounted for nearly two-thirds of the domestic market, according to the American Iron and Steel Institute. Although subject to appeal, the decision puts the U.S. Department of Commerce closer to imposing tariffs as high as 118 percent on "oil country tubular goods" (OCTG).
Cuba Opens Up for Carnival Corp. Brand
Carnival Corp. granted U.S. Carnival Corporation & plc said that the U.S. Department of the Treasury and the U.S. Department of Commerce granted approval for the company to begin travel to Cuba. Carnival Corporation intends to take travelers to Cuba beginning in May 2016 via its newly launched fathom brand – a new social impact travel brand providing purpose-oriented, social impact experiences, initially in the Dominican Republic. Carnival Corporation intends to operate fathom travel itineraries directly to Cuba for the purpose of providing cultural…
US Confirms Duties on China's Refrigerant Imports
The U.S. Department of Commerce confirmed steep duties on imports of refrigerant gas from China on Wednesday, saying the goods were sold too cheaply in the United States and were produced using Chinese government subsidies. Final duties on the gas known as 1,1,1,2-tetrafluoroethane, used in air conditioning systems, will range from 282.54 percent to 303.42 percent, taking both anti-dumping and anti-subsidy duties into account, according to a statement from Commerce. Companies affected include Jiangsu Bluestar Green Technology Co, Shandong Dongyue Chemical Co Ltd, T.T. International Co and Zhejiang Sanmei Chemical Industry Co Ltd . The complaint was lodged by Mexichem Fluor Inc, a subsidiary of Mexico's Mexichem. The duties are subject to a final decision by the U.S.
US Ocean Economy Sees Large Growth -NOAA
In 2012, U.S. The U.S. ocean economy outpaced the domestic economy between 2011 and 2012, with an increase of $22 billion in gross domestic product, from $321 billion to $343 billion, according to a new National Oceanic and Atmospheric Administration (NOAA) analysis. Adjusting the figures to remove the effects of inflation, this increase equates to a 10.5 percent rate of growth—more than four times as fast as the U.S. economy as a whole. The report is based on 2012 U.S. national economic statistics released in August 2014.
Great Lakes Shipyard to Build Guatemalan Harbor Tug
U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for harbor towing operations in Puerto Quetzal, a commercial cargo, container and cruise port located on the Pacific coast of Guatemala in Central America. The tugboat’s buyer, Regimen de Pensiones y Jubilaciones del Personal de la Empresa Portuaria, is a Pension Benefits Plan for Port employees and retirees who operate a…
Spotlight: Cyber Risk Management
An increasing number of systems on ships and at marine facilities depend on cyber technologies for routine operations. While cyber technology has improved efficiencies in the marine industry and around the world, it has also created potential vulnerabilities. For example, the towboats that move goods through the Western Rivers and along our coasts rely heavily on electronic navigation systems, including Automatic Identification System (AIS) and Global Positioning System (GPS), to safely transit around riverbends, capes, and shoals.
US Lawmakers Give Preview of Oil Export Fight
U.S. lawmakers gave a preview on Thursday of a looming fight next year on lifting the ban on crude exports with supporters saying it would sustain the drilling boom and others questioning its impacts on industry and fuel prices. In a House of Representatives hearing on the ban, Texas Republican Joe Barton said exporting oil would boost the economy, lower gas prices, and help give allies alternative oil supplies to Russia. By some measures the United States is the world's top oil producer and Barton said the country should use that power. "When you're number one, you use that status," said Barton, who introduced a short, 1.5 page bill this week to lift the ban Congress passed in 1975 after the Arab oil embargo. The U.S.
US: 'Some' Companies Can Export Treated Condensate
The U.S. Department of Commerce said it gave "some" oil companies on Tuesday permission to export a lightly processed crude oil, taking the first action in several months on applications from about 20 energy companies eager to ship the fuel abroad. The Bureau of Industry and Security (BIS), an office of the Commerce Department, did not say how many so-called commodity classifications it issued. The bureau communicates on the rulings in private letters, which are not open to the public. Previously the BIS issued permission to export the condensate to Pioneer Natural Resources and Enterprise Products Partners in 2014 and to Peaker Energy in 2013. (Reporting by Timothy Gardner; Editing by Sandra Maler)
US Revises Cuba Sanctions Regulations
The U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce Bureau of Industry and Security (BIS) has publish revised Cuba sanctions regulations opening trade with Cuba for the first time in decades. Those changes, issued January 16, 2015, are the first step in moving toward normal relations with Cuba. The revised regulations ease certain limitations on travel to Cuba and certain associated services (e.g., insurance services), broaden exports and imports, and make financial transactions related to authorized transactions easier. The biggest impacts appear to be in travel, telecommunications, financial services and exports to the Cuban private sector. A pre-release of the revised regulations from the U.S.