A large buildup of U.S. naval forces in and around the Southern Caribbean has officials in Caracas and experts in the United States asking: is the move aimed at combating drug cartels, as the Trump administration has suggested, or is it for something else entirely?Seven U.S. warships, along with one nuclear-powered fast attack submarine, are either in the region or are expected to be there soon
U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U.S. naval readiness.The order directs the U.S.
Isotta Fraschini Motori (IFM), a Fincantieri subsidiary specializing in advanced fuel cell technologies, inaugurated a new production line dedicated to the development and testing of hydrogen fuel cell systems at its Bari shipyard.The inauguration ceremony was attended by Nicola Bonasia, Mayor of Modugno; Antonio Decaro
U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions.At the end of two days of intense negotiations in London, U.S.
Lloyd's Register (LR) has approved the design of ammonia dual-fuel systems design for Trafigura's newbuild medium gas carriers (MGCs).LR completed an extensive design evaluation and safety assessment to approve the designs in line with its rules and international regulations.Implementing ammonia dual-fuel systems on these vessels marks a significant step towards expanding the use of low-carbon
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.The Adriatic Affair: Finding the 1856 Le Lyonnais Wreck“Of the people on the ship, 114 died and only 18 survived. Those that did lived through extraordinary conditions in the North Atlantic. Storms. Dehydration. Starvation.
The United States can use other measures to recreate the roughly $200 billion in revenues it is collecting under tariffs based on a 1977 law if the Supreme Court strikes down use of that law, U.S. Trade Representative Jamieson Greer said on Wednesday.Greer, speaking at an event hosted by the Atlantic Council, said it would make sense for Congress to legislate new rules for U.S.
The maritime industry is charting a new course toward decarbonization, yet this time round it is not only traditional shipowners at the helm. Major energy and commodity traders, whose shipping operations often carry large carbon footprints, are now investing in cleaner and more efficient shipping.
Venezuelan President Nicolas Maduro offered to engage in direct talks with the administration of U.S. President Donald Trump days after the first U.S. strike on a boat from the South American country that Trump says was carrying drug traffickers.In a letter to Trump that was viewed by Reuters on Saturday and published by Venezuela on Sunday, Maduro rejected U.S.
The Trump administration is advancing plans to rename the Department of Defense as the Department of War, the Wall Street Journal reported on Saturday, citing a White House official, after U.S. President Donald Trump raised the prospect on Monday.Restoring the Department of War name for the government's largest department would likely require congressional action
U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs, potentially signaling looming shortages of some goods.President Donald Trump's aggressive trade policy again dominated commentary from manufacturers in the Institute for Supply Management (ISM) survey published on Monday
New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.The report from the Commerce Department on Tuesday also showed shipments of these goods falling last month.