by Captains George Livingstone & Grant Livingstone - Another effort is under way in the Senate to repeal the Jones Act sponsored by Senator John McCain of Arizona. The law, originally enacted 97 years ago by Senator Wesley L. Jones of Washington State under section 27 of the Merchant Marine Act of 1920, focused on: Increased growth of American marine … [Read more...]
New Panama Canal Toll Structure Approved
Panama's government has approved a plan to modify the toll structure for ships using the Panama Canal. The plan, which came at the recommendation of the Panama Canal Authority’s (ACP) Board of Directors, was developed through consultation and open hearings with Panama Canal customers and shipping industry representatives. The new structure was first proposed … [Read more...]
USS Fitzgerald to Be Hauled Back to U.S. for Repairs
By Tim Kelly TOKYO, Aug 8 (Reuters) - The U.S. Navy on Tuesday said it will haul the guided missile destroyer severely damaged in a collision with a freighter in Japanese waters back to the United States for repairs as soon as September. The collision killed seven sailors aboard the USS Fitzgerald and ripped a hole below the vessels waterline. Naval engineers in Japan have … [Read more...]
Saudi Aramco Awards First Major Contract for $5 Billion Maritime Yard in Gulf
Saudi Aramco has signed the first major contract for Saudi Arabia's $5.2 billion maritime and shipbuilding complex planned for the Persian Gulf. The contract was awarded to a consortium of Saudi Archirodon Company Ltd and Huta Hegerfeld AG Saudia Company for dredging, reclamation and marine structures for the King Salman International Complex for Maritime Industries and … [Read more...]
The Key to Countering North Korea Lies Offshore -View
By James Stavridis (Bloomberg View) -- As the world worries about the increasing threat from North Korea and its dangerous leader Kim Jong Un, there is a temptation to believe that the problems will be solved ashore. Newly installed president Moon Jae In of South Korea is exploring a return to the so-called “sunshine” policy of dealing openly with the North while using trade … [Read more...]
China’s Yangzijiang Shipbuilding Shares Hit Six-Year High as Q2 Profit Jumps
SINGAPORE, Aug 8 (Reuters) - China's Yangzijiang Shipbuilding Holdings Ltd reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, sending its shares to their highest in more than six years. Yangzijiang posted a net profit 719.9 million yuan ($107.12 million) for the quarter ended June, boosted by … [Read more...]
Hong Kong Closes Beaches as Stinking Palm Oil Washes Ashore Days After Ship Collision
HONG KONG, Aug 8 (Reuters) - Hong Kong has closed more than a dozen beaches after a palm oil spill washed foul-smelling, Styrofoam-like clumps ashore, the latest major environmental disaster to blight the territory's waters. The Chinese-controlled city closed two more beaches in the south of Hong Kong island on Tuesday, bringing to 13 the total shut since two vessels … [Read more...]
