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.
Marine electrical systems provider Vard Electro, part of Fincantieri’s Vard Group, has named Hans Tore as its new General Manager.Hans Tore has been working at Vard Electro since 2017. He started as System Integrator before he became a Project Manager.From June 2021 he took on the position as Vice President for Electrical Installation Operations and was promoted to Senior Vice President
Political winds blowing a raft of new tariffs and incoming supply uptick suggests a volatile 2025 Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45.3%.
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
The U.S. Trade Representative's office on Thursday said it has found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable" and is "actionable" under U.S. trade law.The findings of a USTR probe, first reported by Reuters on Tuesday, did not include a specific recommendation of penalties against Beijing
U.S. President Joe Biden's administration has concluded that China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, three sources familiar with the results of a months-long trade investigation told Reuters.U.S. Trade Representative (USTR) Katherine Tai launched the probe in April 2024 at the request of the United Steelworkers and four other U.
The United States hit North Korea and Russia on Monday with new sanctions that the Treasury Department said targeted Pyongyang's financial activities and military support to Moscow.The sanctions, which list North Korean banks, generals and other officials as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting North Korea's support to Russia's war in Ukraine.