U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.
U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order directs the creation of a Maritime Action Plan (MAP) to revitalize U.S.
The first thirty days of the new Trump Administration have brought sweeping changes throughout the federal government. We take a pause to assess where things stand for maritime stakeholders and what may be coming next in Washington, DC, for our industry.A Maritime DirectiveFor those that work in the U.
Seanergy Maritime Holdings Corp. has entered into two definitive agreements with unaffiliated third parties in Japan for the purchase of a Japanese-built Newcastlemax vessel and a bareboat charter with a purchase obligation for one Japanese-built Capesize vessel, for approximately $69 million.
The Coast Guard announced immediate action on executive orders issued by the White House Tuesday.“The U.S. Coast Guard is the world’s premiere maritime law enforcement agency, vital to protecting America’s maritime borders, territorial integrity and sovereignty,” said Adm. Kevin Lunday, the Coast Guard’s acting commandant.
As geopolitical tensions rise globally, and President Trump prepares to reenter the White House later this month, focus turns to the maritime sector and China's growing dominance. So when the U.S. Department of Defense released on the Federal Register on January 7, 2025 a "Notice of Chinese military companies operating in the United States
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
There’s plenty to go around for everyone, no matter it comes from.I will admit that attending the 2024 Workboat Show in the Big Easy just ten days after settling into the MarineNews Editor’s chair (for this, the second time around) had my full attention. The event typically evokes the specter of drinking from the proverbial fire hose in routine times
A new report published by DNV has revealed that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies.The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy
Patriot State, the second vessel in a series of new training ships for the U.S.' state maritime academies, was christened during a ceremony at Philly Shipyard on Monday ahead of scheduled delivery to Massachusetts Maritime Academy in the coming weeks. The vessel is the second of five being built by Philly Shipyard under the U.S.
The second vessel in a series of new training ships for the U.S.' state maritime academies has completed sea trials, build manager TOTE Services said.The National Security Multi-Mission Vessel (NSMV) Patriot State, built by Philly Shipyard and scheduled for delivery to the Massachusetts Maritime Academy later this year, completed the trials with participation from the shipyard, vendors
Royal Caribbean Group on Tuesday announced an agreement with Finnish shipbuilder Meyer Turku for the construction of up to three new Icon Class vessels—the world's largest cruise ships. The deal includes one firm order for scheduled delivery in 2027 plus options for two additional vessels.The U.S.