U.S. Government Shutdown: Assessing the Impact on Maritime
On December 22, 2018, a continuing resolution passed by Congress to fund a portion of the U.S. Government into the 2019 fiscal year expired and was not renewed resulting in a partial federal government shutdown. Among the affected Executive Departments are the Department of Homeland Security (which includes the Coast Guard and Customs and Border Protection), the Department of Transportation (which includes the Maritime Administration)…
IRClass Signs MoU with Government of Assam
The Indian Register of Shipping (IRClass) and the Government of Assam, a key state in India’s north-east, has signed a Memorandum of Understanding (MoU) to further enhance the state’s inland water transport (IWT) system to improve commuter safety.The MOU follows the funding agreement between the Government of Assam and the World Bank to modernize and transform inland water transport in the state which has the largest network of navigable inland waterways in India.
HII to Acquire Fulcrum IT Services
Huntington Ingalls Industries (NYSE:HII) has announced that it has entered into an agreement to acquire Fulcrum IT Services, LLC, an information technology and government…
BREXIT: North P&I Gets OK for Dublin Brexit Hub
British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU.
World Seaborne Coal Trade Rose 3.7% in 2018
World coal seaborne trade grew 3.7 percent last year helped by higher output in India, Indonesia and Russia, Germany's VDKI coal importers lobby said on Friday.Imports and exports rose to 1.202 billion tonnes from 1.159 billion tonnes in 2017, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters.Of the total, trade in steam coal used in power stations rose by 3.6 percent…
Seaway Activity Exceeds 40 Million Tonnes in 2018
The St. Lawrence Seaway Management Corporation (SLSMC) has announced that tonnage on the waterway during the 2018 navigation season totaled 40.9 million tonnes.
EVAC Acquires Transvac Systems
Evac has acquired Transvac Systems, aUK business specializing in the distribution and servicing of wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms.This is in step with Evac's global operations expansion, started with its acquisition of another UK company, Cathelco, in May 2018. Last year EVAC totaled sales of about $182 million.One…
