Rear Admiral Mark Buzby is the Maritime Administrator, U.S. Maritime Administration.Rear Adm. Mark H. Buzby was appointed by President Donald Trump and sworn in as Maritime Administrator on August 8, 2017. Prior to his appointment, Buzby served as president of the National Defense Transportation Association, a position he has held since retiring from the U.S.
A British destroyer has shadowed two Russian warships as they passed through the English Channel for the second time this year, the Royal Navy said.HMS Diamond sailed from Dover as the destroyer Severomorsk and cruiser Marshal Ustinov passed by on Tuesday.“This is routine business for the Royal Navy and the second time my ship’s company have undertaken such an escort duty this summer
Merchant mariner numbers may be at a low in the U.S., but the men and women of the Ready Reserve Force (RRF) have increased their operating days by 245 percent from Fiscal Year (FY) 2016 to FY 2017.This year’s missions have included some of the largest ammunition movements since the Vietnam War – which the RRF crane ships are exceptionally cut out for; unit resupply to various theaters around
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday."Major cost positions have risen more than initially expected and are pressuring operating margins," CEO Rolf Habben Jansen said in Hamburg.
German conglomerate Thyssenkrupp is examining a full or partial exit from its naval vessels business, which is part of the group's Marine Systems unit, a person familiar with the matter said.The news was first reported by German newspaper Handelsblatt, which said the company was in talks with competitors that could result in a complete or partial sale of the activities
Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors and its sister company in Switzerland rents them out to shipping companies.
Container shipping line Hapag-Lloyd announced a surprise dividend to shareholders on Wednesday and forecast a rise in annual earnings this year thanks to synergies from its merger with Gulf peer UASC. Hapag-Lloyd merged with UASC last year, becoming the world's No. 5 container shipper after overcapacity, price wars and freight rates far below break-even levels fanned industry consolidation.
A busy market, fraught with risk, needs specialized protection. The marine construction business is booming in the United States for many reasons. Nationwide, ports are expanding, deepening their channels to accommodate the bigger, so-called post-Panamax vessels. And, that means more than just deepening the channel.
William P. Doyle is the new CEO & Executive Director of the Dredging Contractors of America (DCA). Twice a U.S. Senate confirmed Presidential appointee to the U.S. Federal Maritime Commission (FMC), Doyle has, over the course of a long and celebrated career, worn many prestigious hats. Prior to his FMC appointment, Mr.
The built-for-purpose National Security Multi-Mission Vessel (NSMV) training ship comes to life. Anybody who has spent four years at a State Maritime Academy (SMA) has also spent time at sea on a Marad-owned training vessel. Today, these platforms are long in the tooth, equipped with outdated equipment and not necessarily conducive to the task of training cadets for a future career at sea.
MARAD Administrator RADM Buzby: “[American] mariners are a de facto layer of our national security.” The House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation held a hearing Wednesday on “The State of the U.S. Flag Maritime Industry” during which congressional and maritime leaders stressed the importance of the Jones Act.