Government Update

French and Filipino Firms Bid to Operate Bissau Port

French firm Necotrans and the Philippines' International Container Terminal Services submitted bids on Monday to operate Guinea Bissau's main port, the transport minister said, as the government looks to cede control to a private operator.

Tanker with Disputed Kurdish Oil Reappears off Malta

The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30, when it was chartered by oil trader Vitol carrying Iraqi Kurdish crude oil, Reuters ship-tracking showed on Friday.

Indian Prime Minister, Narendra Modi. Photo: PIB

India Government Sops for Ship-Repairing Facilities

 In order to promote ship building and ship-repair industry in India, the government has formulated a policy of financial assistance for shipbuilding for a period of ten years for contracts signed between 1st April, 2016 and 31st March, 2026.

Trade Flows Eliminate US Gasoline Surplus

The U.S. gasoline surplus has disappeared thanks to a sharp drop in prices which has caused imports from Europe to slow and exports to Latin America and other markets to accelerate since the start of June.

(File photo: A.P. Moller - Maersk)

Maersk Temporarily Exempt from Service Contract Filings

I voted in favor of Maersk Line A/S’ petition for Temporary Exemption Service Contract Filings as a result of the so-called Petya virus which severely disrupted Maersk’s information systems, including the system that stores service contract data.

Photo: UK Chamber of Shipping

UK Ship Register Modernization Begins

 The UK’s Maritime & Coastguard Agency (MCA) is modernising the way the UK Ship Register operates and a number of new initiatives are in the works that could help the red ensign become more commercial and internationally competitive,

© Mikhail Perfilov / Adobe Stock

Russian Think Tank: Oil Exports to Decline in 2017

 A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise.

© leeyiutung / Adobe Stock

US Officials Demand 'More Fair' China Trade Links

U.S.-China economic talks appeared off to a contentious start on Wednesday as senior Trump administration officials demanded a "more fair" China trade relationship while both sides canceled news conferences previously planned to discuss outcomes.

Photo: Gulfstream Shipbuilding

DHS Custom Passenger Ferry Launched

Gulfstream Shipbuilding launched a custom passenger/vehicle ferry for the U.S. Department of Homeland Security (DHS) on July 12, 2017.  This 118 x 27 x 10.75 ft. crew boat-style vessel will be delivered

Photo: Dubai Maritime City Authority (DMCA)

DMCA Shares Maritime Experience with Abu Dhabi

 The Dubai Maritime City Authority (DMCA) shared its renowned experience in implementing world-class maritime registration and licensing services with the Department of Municipal Affairs and Transport

Indian Prime Minister Narendra Modi. Photo: Press Information Bureau

India Approves Major Port Authorities Bill

 The government of India has approved a draft bill to empower 12 major ports in India by providing them full autonomy in decision-making for greater efficiency.   According to Union Minister of State for Shipping Mansukh Lal Mandaviya,