USCG Waives Maritime Security Regulations for Some Facilities

Posted to Maritime Transportation Security News and Views (by John C.W. Bennett) on July 26, 2011

The US Coast has just issued MTSA Policy Advisory Council Decision 02-11 (PAC 02-11), “Waiving Facilities that Transfer Certain Low Risk Commodities.”  Owners/operators of MTSA-regulated facilities that transfer or store bulk commodities that are listed in the Decision as being low risk can…

Not much to look forward to this year for oversupplied carriers

Posted to Far East Maritime (by Greg Knowler) on April 29, 2011

The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.

Irano Hind may weather US/EU ban

Posted to Irano Hind may weather US/EU ban (by Joseph Fonseca) on August 2, 2010

The sanctions imposed by the US and the European Union on Iran because of its nuclear ambitions are likely to see the Islamic Republic of Iran Shipping Lines and a number of entities with which it is associated becoming prime targets. For Irano…

Bharati Shipyard in control of Great Offshore

Posted to Bharati Shipyard in control of Great Offshore (by Joseph Fonseca) on May 17, 2010

The battle for Great Offshore, country’s largest integrated offshore services firm, has finally ended with Bharati Shipyard in total control and ABS shipyard left trying to dilute its share holding in the company. Last week Bharati Shipyard…