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Government Update

Symbolic Coin Ceremony for Damen Newbuild

On Thursday, August 17th, the Secretary of the Mexican Navy, Admiral Vidal Francisco Soberón Sanz, took part in a symbolic coin ceremony at Damen Schelde Naval Shipbuilding (DSNS) at Vlissingen in the Netherlands. He was accompanied by the Secretary of National Defense, General Salvador Cienfuegos.   The

U.S. Navy Punishes Senior Staff in Deadly Warship Collision

File Image of the USS Fitzgerald

Commanders of U.S. warship removed after cargo ship collision; seven sailors killed in June collision.   The U.S. Navy has removed the two senior officers and the senior enlisted sailor on a U.S. warship that almost sank off the coast of Japan in June after it was struck by a Philippine container ship, the Navy said on Friday.

Indian PM Meets All WOmen Crew of Navika Sagar Parikrama

Photo: Indian Navy

 Six women officers of the Indian Navy, who are due to circumnavigate the globe on the sailing vessel, INSV Tarini, called on Prime Minister Narendra Modi.   This is the first-ever Indian circumnavigation of the globe by an all-women crew.   They will begin their voyage later this month from Goa,

Search Continues for Missing Army Aviators

The search and rescue effort continues off the coast of Oahu (Photo CREDIT: U.S. Coast Guard)

Responders are continuing the search for five missing Army aviators from a downed Army UH-60 Black Hawk helicopter approximately two miles west of Ka'ena Point, Oahu, Wednesday.    Searching are: HC-130 Hercules airplane aircrew from Coast Guard Air Station Barbers Point MH-65 Dolphin

Buzby Sworn in as Maritime Administrator

U.S Secretary of Transportation Secretary Elaine L. Chao administers the Oath of Office to Rear Adm. Mark H. Buzby, USN, Ret. as Maritime Administrator (L to R: Admiral Mark H. Buzby,  Gina Buzby and Secretary Elaine L. Chao) (Photo: MARAD)

Rear Adm. Mark H. Buzby, USN, Ret. has been sworn in as the Administrator of the Maritime Administration by U.S Secretary of Transportation Elaine L. Chao.   As Maritime Administrator, Buzby will lead the agency tasked with promoting the use of waterborne transportation and its seamless integration

Latest Gulf of Mexico Auction Signals Offshore Return

© Mike Mareen / Adobe Stock

Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum.   This compared with $18 million in high bids at the Bureau of Ocean Energy Management's

Singapore Revokes Panoil Petroleum's Bunker Licence

Photo: Panoil Petroleum

 The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Panoil Petroleum, effective 14 August 2017.  Panoil  will no longer be allowed to operate as a bunker craft operator in the Port of Singapore.   "As part of MPA’s on-going regulatory efforts to ensure the safety,

UK Chamber Welcomes Proposed Customs Arrangements

Image:  UK Chamber of Shipping

 The UK Chamber of Shipping has welcomed proposals for customs arrangements that could be implemented after the UK’s departure from the European Union, which were published today in a new paper from the Department for Exiting the European Union (DExEU).   The 'Future Customs Arrangements' report,

US to Sell 14 Mln Bbls of Crude Oil from Emergency Reserve

The U.S. Department of Energy said on Tuesday it will sell 14 million barrels of crude oil from the nation's emergency reserve in late August.   The sale from the Strategic Petroleum Reserve was expected as it was required under laws signed by former President Barack Obama in 2015 and 2016 to help

Cuban Trade with Venezuela Plunges over Two Years

© Chepe Nicoli / Adobe Stock

Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer's inability to meet delivery contracts and purchase goods as it struggles with low oil prices and a resulting economic meltdown.   A cash crunch and lower oil supplies from Venezuela have

Iran: Drones Near U.S. Warships are Safe

Iran's powerful Islamic Revolutionary Guards Corps (IRGC) rejected U.S. criticism that it flew a drone unsafely near a U.S. aircraft carrier in the Gulf and it defended its right to carry out air patrol missions in the area.   On Monday the U.S. Naval Forces Central Command said that an Iranian drone had come within 1,

Transocean to Buy Songa Offshore

(File photo: Songa Offshore)

About 77 pct of Songa shareholders have so far accepted deal.   Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns ($1.1 bln), the two companies said on Tuesday.   The deal, which would be mostly paid for in shares and convertible bonds,

Gazprom Expects No Changes to Key Projects from New US Sanctions

Gazprom said on Monday that new U.S. sanctions against Moscow would not result in the Russian gas exporter having to make changes to key projects, although they could cause delays.   Several provisions of the sanctions law signed by U.S. President Donald Trump earlier this month target Russia's energy sector,

Investors Enthusiasm in Cochin Shipyard

The Union Minister for Road Transport & Highways and Shipping, Nitin Gadkari addressing at inauguration of the renovated BSE International Convention Hall and Listing Ceremony of Cochin Shipyard Ltd., in Mumbai on August 11, 2017. Photo: PIB

 Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company, said Union Minister of Shipping, Nitin Gadkari.

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