On April 30 the National Oceanic and Atmospheric Administration (NOAA) published a notice, requesting public comments, on a proposed “incidental harassment authorization” (IHA). An IHA is a legal and enforceable document presenting the terms and conditions with which a company must adhere in order to protect wildlife.
As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly
U.S. Transportation Secretary Announces New Members of U.S. Merchant Marine Academy Advisory Board.U.S. Transportation Secretary Elaine L. Chao today announced the appointment of seven new members to the United States Merchant Marine Academy (USMMA) Advisory Board. The USMMA Advisory Board serves as an independent body whose primary purpose is to examine the course of instruction and management
Kirby Corporation has announced that it has entered into an amended and restated credit agreement with a group of banks.The Credit Agreement, among other things:Extends the term of Kirby’s existing $850 million revolving credit facility to March 27, 2024 (the “Maturity Date”);Adds a new five-year term loan facility in the amount of $500 million which is repayable in quarterly installments
The government of Trinidad and Tobago (T&T) has entered into an agreement with energy giantsShell and BP over gas pricing and LNG activities.According to local media reports, the agreement involves new pricing arrangements, the extension of the Atlantic LNG Train 1 by a further five years
Athens-based shipowner Diana Shipping announced the commencement of a tender offer to purchase up to 4,166,666 shares, or about 3.86%, of its outstanding common stock using funds available from cash and cash equivalents at a price of US$3.60 per share.The global shipping company specializing in the ownership of dry bulk vessels informed in a stock exchange annoucement that the tender offer will
Belgium Naval & Robotics has launched an industrial offer anchored in Belgium to respond to a call for tenders issued by the Belgian and Dutch navies for the supply of 12 mine hunters.Belgium Naval & Robotics offers the Belgian Navy a solution whose prime contractor is in Brussels and involves many local players spread throughout the country.
40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34