U.S. Port Economic Impacts Report Released

By MarEx 2015-04-24 20:51:24 U.S.-based Martin Associates, a leading provider of economic and strategic assessments of the world’s transportation systems, has released the results of its latest economic impact study of United States seaports. Dr. John Martin, Martin Associates’ president, debuted his firm’s 2014 National Economic Impact of the U.S. Coastal Port System report during…

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IMO and Bangladesh Review Shipbreaking Industry

By MarEx 2015-04-24 20:31:45 The IMO and the government of the People’s Republic of Bangladesh are jointly implementing a project entitled “Safe and Environmentally Sound Ship Recycling in Bangladesh – Phase I” (in short SENSREC Project – Bangladesh). The project, aimed at improving the safety and environmental standards within the country’s ship-recycling industry, consists of…

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Four Petrobras Platforms Halt Output

By Reuters 2015-04-24 20:13:35 Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them, a local oil workers union head said on Friday. Brazil’s oil regulator, ANP, confirmed the leak in the Camorim field, 16…

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Top 100 U.S. Oil and Gas Fields

By MarEx 2015-04-24 19:35:18 The U.S. Energy Information Administration has published its ranking of the top 100 oil and natural gas fields. Based on 2013 data, the top 100 oil fields in the U.S. accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56 percent of the U.S. total for…

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Government In-Fighting over Corruption in Venezuela

By Reuters 2015-04-24 19:13:54 A former minister in President Nicolas Maduro’s government denied in an interview published on Friday accusations of corruption during the purchase of three ferries from Spain and said he was being hounded for denouncing currency crimes. Local media said an arrest warrant was issued earlier this month for Hebert Garcia, a…

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Migrant Boat Captain Remanded in Custody

By Reuters 2015-04-24 19:02:52 An Italian judge has ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after prosecutors asked for him to be charged with multiple homicide and people-trafficking. Mohammed Alì Malek, 27, denies that he was in charge of…

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Concern for Sverdrup Timetable, Costs

By Reuters 2015-04-24 18:46:34 The start of Norway’s 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts, but the project could break even at about half of the current oil price, authorities said on Friday. The Norwegian Petroleum Directorate said the startup could be delayed by six months to…

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No U.S.-Japan Trade Breakthrough Expected

By Reuters 2015-04-24 18:41:19 The White House on Friday dashed hopes of a breakthrough on U.S.-Japan trade when President Barack Obama and Prime Minister Shinzo Abe meet in Washington next week, further delaying a major 12-nation Pacific trade pact. “We’re not there yet,” said Caroline Atkinson, Obama’s deputy national security adviser. A deal between Japan…

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Opportunities and Challenges in the Russian North

By MarEx 2015-04-24 18:23:26 Op-Ed by Simon Williams and Philipp Hermes “High north, low tension”– reiterated retired U.S. Admiral James Stavridis in reference to his vision on Arctic security, and reminiscent of a voice heard twenty-five years earlier when Gorbachev announced his policy to shape the Arctic as “a zone of peace and cooperation.” As…

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