President Joe Biden signed into law a $1 trillion infrastructure bill at a White House ceremony on Monday that drew Democrats and Republicans who pushed the legislation through a deeply divided U.S. Congress.The measure is designed to create…
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FMC Examining How Data Can Improve Ocean Cargo Velocity
The U.S. Federal Maritime Commission (FMC) said it has set out to identify data constraints that impede the flow of ocean cargo and add to supply chain inefficiencies as severe bottlenecks continue to hamper global supply chains.Launched at the directi...
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Italian Coast Guard Orders New Multi-mission Ship
The Italian Coast Guard on Monday signed a contract for the design and construction of a new multi-role offshore unit (UAM) for missions ranging from sea rescue to maritime safety, from marine conservation to fish resources protection, as well…
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Biden Names Landrieu to Oversee Infrastructure Plan
President Joe Biden named former New Orleans Mayor Mitch Landrieu to oversee implementation of the $1 trillion infrastructure plan, the White House said on Sunday.Landrieu, also a Democratic former Louisiana lieutenant governor, led New Orleans from 20...
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Industry Veteran Ullman to Retire; Lewenhaupt tapped for CEO spot at Concordia Maritime
Erik Lewenhaupt will take over as CEO of Concordia Maritime on January 1, 2022, succeeding Kim Ullman, who informed the Board his wish to step down as CEO and retire.Lewenhaupt has a long track record in tanker shipping. He started his tanker career at...
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Infrastructure Bill a Huge Boost for US Inland Waterways
The $1 trillion infrastructure package headed to President Joe Biden to sign into law will provide a welcome funding injection for America’s inland waterway infrastructure.The bipartisan Infrastructure Investment and Jobs Act was approved by…
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IMO Creates International Day for Women in Maritime
The International Maritime Organization (IMO) Council, meeting from November 8-12, established an International Day for Women in Maritime, to be observed on May 18 every year.Once adopted by the IMO Assembly in December 2021, the observance will celebr...
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UAE, Bahrain, Israel and US Conduct First Joint Naval Drill
Forces from the United Arab Emirates, Bahrain, Israel and the United States Naval Forces Central Command (NAVCENT) began a multilateral maritime security operations exercise in the Red Sea on Wednesday, NAVCENT said on Thursday.This is the first…
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New Patrol Boat Features Unique Hybrid-electric Propulsion System
A new patrol boat just launched by Ribcraft in Dubai is powered by a unique hybrid electric system supplied by Transfluid and Elcome International.The two companies collaborated to design and install the cost-effective diesel-electric system…
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Baltic Dry Index Records First Weekly Gain in Five
The Baltic Exchange's dry bulk sea freight index eased on Friday, but posted its first weekly rise in five weeks, helped by stronger rates for the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supram...
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