Americas News
USCG Joins Nuclear Regulator to Support Shipping Nuclear Technologies
The US Coast Guard (USCG) has signed a deal with the US Nuclear Regulatory Commission (NRC) to support the development of nuclear technologies for shipping by coordinating the regulation of maritime nuclear projects.
The memorandum of understanding (MoU) covers nuclear-powered ships, floating nuclear power plants and other maritime nuclear technologies, the two agencies said in the MoU signed this month.
It establishes a framework for the agencies to coordinate licensing, inspections and technical reviews while maintaining their separate regulatory responsibilities.
Under the agreement, the NRC will oversee reactor licensing, design approvals and radiological safety, while the USCG will be responsible for vessel inspections, maritime safety, security and operational approvals.
The agencies will also coordinate project schedules and compliance activities to help streamline approvals.
The MoU encourages concurrent licensing and permitting reviews where possible and calls for closer cooperation on environmental assessments, emergency planning and information sharing.
It also aims to reduce duplicate documentation for project developers.
The agreement replaces a similar arrangement signed in 1973 between the USCG and the former Atomic Energy Commission and will remain in effect for 10 years.
While nuclear energy has been used in naval vessels, its adoption in commercial shipping has been hindered by regulatory and safety concerns.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 867.50 | 9.00 | 1297.00 | 26.00 |
| Rotterdam | 686.00 | 14.00 | 1391.00 | 17.50 |
| Houston | 730.00 | 9.00 | 1383.00 | 1.00 |
| Fujairah | 951.50 | 8.50 | 1663.50 | 30.50 |
| Americas Average | 902.50 | 0.50 | 1589.50 | 12.50 |
| Global 20 Ports Average | 875.50 | 2.50 | 1542.00 | 1.00 |
| Global 4 Ports Average | 809.00 | 10.00 | 1433.50 | 19.00 |
| Global Average Bunker Price | 926.00 | 0.50 | 1593.50 | 10.00 |
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