New interpretations of how US cabotage law the Jones Act applies the offshore sector by Customs and Border Protection (CBP) are causing concerns for domestic offshore vessel owners.
Singapore-based offshore vessel owner Tasik Subsea has been awarded $26.8m at arbitration over a charter termination for the vessel Southern Star by Fugro.
The American chambers of commerce in Greece, Cyprus and Israel have hailed US President Donald Trump’s signing of the EastMed Act as a step toward promoting security and energy partnerships in the region.
The leaders of Cyprus, Greece and Israel plan to sign an agreement in Athens, 2 January 2020, for the building of the Eastern Mediterranean natural gas pipeline.