The U.S. Department of Defense has amended the Defense Federal Acquisition Regulation Supplement (DFARS) to clarify that the statutory restriction on acquisition of vessel propellers from foreign sources applies only to DOD contracts that use fiscal year 2000 or 2001 funds.
Source: HK Law
Related News
18 Jun 2026
Germany Deploys Vessels to the Red Sea For Possible Hormuz Mission
Germany is deploying two ships to the Red Sea in preparation for a possible military mission in the Strait of Hormuz, Germany's defence minister…
18 Jun 2026
Fertilizer Shipments Should Bounce Back with U.S.-Iran Deal
"Global fertilizer shipments have fallen 11% y/y since the start of the Iran war. The closure of the Strait of Hormuz has…
18 Jun 2026
Post-War Gulf Faces Push for Alternative Export Routes
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports…
16 Jun 2026
ABS and Partners to Develop Conditional Unmanned Bridge
ABS, Polaris Shipping, HD Hyundai Heavy Industries (HHI) and autonomous navigation solutions provider AVIKUS have signed…
Sponsored Content
Bid on crew boats, barges, tugs, generators, outboards and marine assets.
MarineBid June 25, 2026 Marine Auction
The Shift from Paper to Digital Logbooks Is Accelerating. Here's What Operators Need to Know.
As regulatory requirements grow more complex and the demand for accurate, accessible data increases, more operators are questioning whether paper-based recordkeeping can keep up.