Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1.18 from November's revised 1.23 reading.
Brazil's government will not proceed with the privatization of the port of Santos, the largest in Latin America, the incoming minister of ports and airports was quoted as saying on Thursday by a Brazilian newspaper.Marcio Franca, tapped to head the ministry in President-elect Luiz Inacio Lula da Silva's government, told O Estado de S.
On September 14, 2022, the House Transportation & Infrastructure Committee (T&I Committee), Subcommittee on Coast Guard and Maritime Transportation, held a hearing which indicated a potential revitalization, and new enforcement regime, of U.S.-flag requirements under the Cargo Preference Act of 1954 (the CPA).
Of all the rivers in the world, the St. Lawrence River is undeniably one of the most challenging for mariners.This water highway is at some spots as narrow as a large river and, at others, as wide as a small sea. It has played a vital role over the last three centuries as an important artery for trade, communication, transportation and settlement. And since 1959, the year the St.
The U.S. Navy said it has retrieved a fighter jet that was lost from an aircraft carrier in the Mediterranean Sea last month.The F/A-18 Super Hornet aircraft, which blew off the deck of the USS Harry S. Truman (CVN-75) in "unexpected heavy weather" on July 8, was recovered by a team from Task Force (CTF) 68, Naval Sea Systems Command's Supervisor of Salvage and Diving (SUPSALV), Harry S.
The inland waterways have enjoyed several positive developments toward modernization of the system, particularly over the last two years.Annual appropriations that fund the U.S. Army Corps of Engineers’ Civil Works mission have been steadily on the rise for the last nine fiscal years, specifically the Construction and Operations & Maintenance (O&M) accounts have been funded at historic levels.
The U.S. Maritime Administration (MARAD) last Friday designated offshore wind vessels as vessels of national interest making them eligible for financial support through the Title XI Federal Ship Financing Program (Title XI). The Federal Ship Financing Program - commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that established the program - provides for a
A U.S. judge on Wednesday said the owner of an oil tanker must pay the United States $44.6 million over its role in a 2017 collision between the tanker with a U.S. Navy destroyer in southeast Asia that killed 10 sailors and injured dozens more.U.S. District Judge Paul Crotty in Manhattan found Energetic Tank Inc 20% responsible and the United States 80% responsible for the Aug.
Shanghai is slowly emerging from a grueling COVID lockdown that has all but immobilized the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been canceled, postponed, or rerouted to other Chinese mega-ports such as Ningbo-Zhousan.
Empire Offshore Wind, a joint venture between Equinor and bp, awarded a contract to Maersk Supply Service for charter of its newbuild wind installation vessel (WIV). This vessel, together with US constructed barges and tugs built and operated by Kirby Offshore Wind, will be used for the installation of the project’s Vestas V236-15MW turbines.
Freeport LNG, the second-biggest U.S. liquefied natural gas (LNG) exporter, got approval from federal regulators on Thursday to take early steps to restart its fire-idled LNG export plant in Texas.Freeport, however, has not yet sought permission to restart the liquefaction trains that turn natural gas into LNG for export.
My father was on the new construction team of the 1958 SS Rotterdam V, a visually iconic passenger liner that is presently a static hotel and event space in Rotterdam Harbor. When she entered service, her looks were much discussed and generally compared to her very graceful older running partner, the 1936 SS Nieuw Amsterdam II.