U.S., Canada Toughen Oil Train Safety Standards

By Reuters 2015-05-01 16:13:26 The United States and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments. The rules call for a rapid phase out of older tank cars considered unsafe during derailments, and…

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U.S. Ports Celebrate Increased Congressional Funding

By Kathryn Stone 2015-05-01 15:59:10 The American Association of Port Authorities (AAPA), which represents more than 130 public port authorities in the United States, Canada, the Caribbean and Latin America, celebrates a major funding victory today with the passage of the US House of Representative’s 2016 Energy and Water Appropriations bill and two included amendments.…

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Crude drop hits barge sector

US crude production pullbacks due to lower pricing are now having a significant effect on inland barge operators like Kirby Corp.
NYSE-listed Kirby has dropped its full-year profit guidance by 6-9%, citing crude production declines. According to company executives, 100-150 barges have already been
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Tug Seizure Marks UK’s Largest Drug Bust

By Kathryn Stone 2015-05-01 13:32:45 Over £500 million GBP ($756 million USD) worth of cocaine have been recovered from an ocean-going tug seized by UK authorities last week, making the discovery the largest in British history. The MV Hamil, registered in the Marshall Islands, was seized by the Royal Navy frigate HMS Somerset and Border…

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