National Security and Investment Act 2021

National Security and Investment Act 2021

The National Security and Investment Act 2021 (the ‘Act’) received Royal Assent on 29 April 2021, granting the UK Government new powers to scrutinise investments on national security grounds. The Act is expected to come into force by the end of 2021. In this briefing we recap the Act, review its entry into force including retrospective provisions and consider the Government’s proposed revised definitions of three of the Act’s 17 sectors for mandatory...

https://allaboutshipping.co.uk/2021/06/01/national-security-and-investment-act-2021/

Regulating and Financing Shipping Decarbonisation

Regulating and financing shipping decarbonization, an article was published on Tanker Operators.

Shipping decarbonization

Shipping decarbonization won’t happen unless rules are made, incentives created and investment is available. An ICS panel debate explored this, with a former EC DG of transport, the chairman of V.Group, and head of HSBC’s Centre of Sustainable Finance.

Shipping decarbonization is not free. To get there we need carrots – incentives and investors who want to put money behind it –...

https://mfame.guru/regulating-and-financing-shipping-decarbonisation/

United Stars wins SABIC contract extension

Saudi Basic Industries Corporation (SABIC) has extended its contract with United Stars, part of the Tristar group, for an additional period of two years. As a result, the company will continue to transport liquid industrial gases to SABIC’s diverse portfolio of clients across the GCC.

The agreement builds on Tristar’s long-standing relationship with SABIC. In December 2017, United Stars and SABIC signed a three-year contract to transport liquid gases from plants in Jubail in the Eastern Province...

https://www.themaritimestandard.com/united-stars-wins-sabic-contract-extension-2/

Crowley transports wreaths to honor U.S. veterans in Puerto Rico

Delivering again on its commitment to Puerto Rico and veterans, Crowley has successfully transported thousands of holiday wreaths in honor of military members interred at cemeteries for National Wreaths Across America Day.

As official sponsor for Wreaths Across America at the Puerto Rico National Cemetery in Bayamon, Crowley provided truck transportation of the wreaths from Maine to Jacksonville, Fla., and ocean transportation for more than 2,800 wreaths to be placed for the ceremony Dec. 19.

The...

https://www.workboat.com/news/people-and-products/crowley-transports-wreaths-to-honor-u-s-veterans-in-puerto-rico/

10 Point Strategy To Facilitate Trade in the Time of COVID19!

  • There is a need to keep ships moving, ports open and crossborder trade flowing, while
    ensuring that border agencies can safely undertake all necessary controls.
  •  Facilitating trade and the transport of goods has become more important than ever, to avoid logistics obstacles that lead to shortages of necessary supplies.
  • The concrete measures proposed in this policy brief help to facilitate transport and trade and to protect the population from COVID-19.

The coronavirus disease (COVID-19)...

https://mfame.guru/10-point-strategy-to-facilitate-trade-in-the-time-of-covid19/

Bollinger awarded contract to construct ocean transport barge

Bollinger Shipyards, Lockport, La., has been awarded a contract to construct a 395’x100′ ocean transport barge for General Dynamics Electric Boat.

The concept and contract design for the new barge was performed by the Bristol Harbor Group. The detail design engineering will be performed at the Bollinger Lockport New Construction facility in Lockport, La., and the construction will take place at the Bollinger Marine Fabrication facility in Amelia, La. Delivery is scheduled for 2021.

“We are...

https://www.workboat.com/news/shipbuilding/bollinger-awarded-contract-to-construct-ocean-transport-barge/