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Rep. Elijah Cummings, D-Md., let it be known during a Sept. 16 hearing that there was plenty of blame to go around the tow industry and Coast Guard for a recent oil spill on the Lower Mississippi River. Cummings, who serves as chairman of the House Transportation and Infrastructure Committee's subcommittee on the Coast Guard and maritime transportatio...
The U.S. Food and Drug Administration issued an import ban Sept. 16 on more than 30 different generic drugs manufactured by Indian firm Ranbaxy Laboratories, citing serious deficiencies in the company's manufacturing processes. FDA investigators documented the deficiencies during inspections conducted at Ranbaxy's plants at Dewas and Paonta Sahib earl...
The Federal Reserve said after leaving interest rates unchanged Tuesday that the U.S. economy has taken a turn for the worse. Strains in financial markets have increased significantly and labor markets have weakened further, the Fed Board of Governors said in a statement issued after its meeting on the interbank federal funds rate. Economic growth app...
The Federal Reserve Tuesday night agreed to bailout AIG to prevent a collapse of the insurance giant that experts say could have sent ripples throughout the U.S. economy and the world. The U.S. central bank has extended AIG an emergency loan of $85 billion for two years in exchange for an 80 percent piece of the company. AIG will pay a hefty price of ...
AMID the expected sharp rise in traffic in the Straits of Malacca and Singapore Strait, the Maritime Port Authority (MPA) has embarked on new projects to keep pace with the developments. These include acquiring the latest-generation Vessel Traffic Information System (VTIS) to gain better operational efficiency, beginning trials of a proposed signal for...
Norwegian independent oil company Det norske oljeselskap filed an application last Friday for redevelopment of the dormant Froy oilfield in the North Sea for a 2012 start-up, Det norske said yesterday. Froy was in production in 1995-2001 with Elf as operator, but recovery rates were lower than projected, and low oil prices and technical problems caused...
The Pennsylvania Motor Truck Association said the Federal Highway Administration has rejected an application to erect tolls on Interstate 80 that was submitted by the Pennsylvania Department of Transportation and Pennsylvania Turnpike Commission because it "doesn't meet statutory and technical requirements. Jim Runk, president the group, said it oppos...
Circumference America has appointed Robert Walkord to chief information officer. Walkord is the Jacksonville, Fla.-based domestic freight transportation services company's first full-time IT employee, overseeing all technical functions. Before joining Circumference, Walkord worked nine years at NYK Logistics America in the company's IT department....
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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