The 99th Congress was sworn into office in 1985 with perhaps its primary challenge to control the spiralling federal deficit. Members of the House of Representatives and Senate, both Democrats and Republicans, and the President, expressed their
A roundup of some of the most notable vessels delivered by shipyards throughout the world during 1984—selected for their outstanding design features, fuel efficiency, performance, and service characteristics. AMERICAN NEW YORK Daewoo Shipbuilding The
An energy-saving device that replaced steam traps on U.S. Navy ships won a $25,000 prize for the inventor, a civilian employee of the Navy, at a ceremony on the White House lawn. President Carter made the presentation to Lawrence L. Guzick for
In the Maritime Transportation Security Act (MTSA), signed into law on November 25, 2002, Congress directed the U.S. Coast Guard to. among other things, establish a vessel security plan requirement for appropriate vessels operating in United States waters.
A tale of survival could best describe John S. Burnett's experience onboard his sloop Unicorn in January 1992. Sailing solo across the South China Sea to Singapore — one of the busiest shipping lanes in the world — Burnett was attacked by pirates.
There is an old adage about one party sneezing and the other catching pneumonia as a result. This is the routine reaction of ports to new ship designs. A recent example was the introduction of "beyond Panamax container ships" in the Pacific trade by American President Lines.
One of the greatest challenges facing a lender in the maritime industry is appropriate assessment of risk. In this exciting, varied and vibrant industry, a lender's effective risk assessment requires a thorough understanding of the vagaries that characterize the industry.
Secretary of Transportation Elizabeth H. Dole has announced a series of reforms and improved criteria for Federal guarantees of private sector financing to construct, reconstruct, or rehabilitate vessels in U.S. shipyards. A new rule details amendments
Paolo A. Gamboni, chairman and chief executive officer of Worthington Pump Inc., has been selected to receive the highest honor Italy awards to businessmen for contributions to economic development, industrial advancement and social improvement of Italy.
Port of Portland (Oregon) Commission president Joseph M. Edgar recently announced the appointment of a citizens task force to aid Port staff in the preparation of a master plan to guide the development of Port marine terminals through the year 2000.