A Trump administration proposal aimed at reviving the U.S. shipbuilding industry may backfire by imposing steep fees on China-linked vessels—penalties that industry leaders say would hurt American ship operators and ports rather than help them, industry executives said at U.S. Trade Representative hearings on Monday.
The Dutra Group, a California-based heavy civil marine contractor, has issued a notice to proceed to Eastern Shipbuilding Group (ESG) for the construction of a 10,464 cubic yard trailing suction hopper dredge, named Adele.The ship will be constructed at ESG's Allanton and Port St. Joe facilities. Delivery is scheduled for late 2028.
CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S.
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
You just might get it.In the waning days of the Biden administration, the executive orders and such that get announced seemingly on a daily basis signal countless victories for that side of the equation. And, no matter which side of that great divide that you reside on, it is likely that some of those edicts will be quickly reversed by the incoming President.
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)
South Korean President Yoon Suk Yeol spoke with Donald Trump on Thursday and congratulated him on winning the U.S. presidency on the "Make America Great Again" slogan as officials in Seoul worked to prepare for "significant" economic changes.Yoon and Trump held a 12-minute phone call and discussed the close security and economic ties of their two countries across all areas
A Donald Trump presidential election victory [which as of this writing looks most likely] would have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, among other areas. While some of his proposals would require congressional approval, here is a summary of the policies he has said he would pursue in his second four-year term in office:MORE
Since the Russian invasion began in 2022, Ukraine has successfully resisted its opponents on many fronts, but its most surprising success came in a theater where few expected Ukraine to prevail: the Black Sea.In 2022, the consensus among military analysts was that Russian leader Vladimir Putin’s military would most likely crush Ukrainian forces in the air, on land and at sea.
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer
With the U.S. Navy and U.S. Coast Guard FY 2025 budget requests offering uninspiring news for traditional shipbuilders, industry observers might be forgiven for checking out and dismissing 2024 as just another dull year in the frustrating business of government shipbuilding.But with an election season underway and an increasingly disorderly sea
The St. Marys River has reopened to vessel traffic after a U.S.-flagged Great Lakes freighter struck a channel light in the waterway.At approximately 1 a.m. on Thursday, the 730-foot bulk carrier American Mariner suffered a marine casualty and went bow-first into the Munuscong Junction Light, the U.S. Coast Guard said. The incident occurred in Munuscong Lake, which is a section of the St.