U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world's third-biggest oil importer buys. "We've already made that deal, the concept of the deal," Trump told reporters aboard Air Force One as he traveled to his vacation home in Florida from Washington.
While political winds in the U.S. have significantly tampered many ‘green’ projects, Curtin Maritime is domiciled in California, which is globally known for its strict environmental initiatives. To that end, Curtin Maritime inked a contract recently to invest $160m for eight new hybrid-electric tugboats, vessels being built by Snow & Co.
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation
The global maritime sector is entering an era of heightened geopolitical and regulatory uncertainty that threatens to offset long-term safety gains, according to Allianz Commercial’s 2025 Safety and Shipping Review. While vessel losses have reached a record low, the industry faces a volatile landscape shaped by trade conflict, increased sanctions, shadow fleets
Companies that once committed to investing in U.S. offshore wind infrastructure and supply chains are now scrapping their plans as the industry experiences significant challenges. These setbacks stem from project delays, soaring costs, and the potential loss of federal support under former President Donald Trump’s proposed policies.
In what should be a surprise to no one, the Chinese maritime industry continued its dominance in 2024, with the nation’s vessel orderbook surpassing $123 billion. Data from VesselsValue reveals a strong year for both Chinese shipowners and shipbuilders, with significant investments across various vessel sectors.
Finland's Border Guard hopes to prevent damage to critical undersea infrastructure in the Gulf of Finland with a maritime surveillance centre it plans to set up in cooperation with other Baltic Sea states and the EUCommission, it said on Monday.The Baltic Sea region has been on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.
Venezuela's President Nicolas Maduro has extended an olive branch to U.S. President Donald Trump, proposing serious talks on combating drug trafficking and offering U.S. companies ready access to Venezuelan oil.Maduro said Venezuela was a "brother country" to the United States and a friendly government. He noted that when he and Trump last spoke in November, the U.S.
In a move to accelerate the future of marine electrification, EVE Energy, and Green Whale Technology (GWT) have signed a strategic partnership agreement to provide high-performance marine Battery Energy Storage Solutions (BESS) and service to customers worldwide. This collaboration combines EVE Energy’s advanced lithium marine battery system technology, and GWT’s marine engineering
A new research vessel built for the French oceanographic fleet operated for the National Science Community by the French national Institute of Ocean Sciences (IFREMER) has been launched at the Freire Shipyard celebrated in Vigo, Spain.The oceanographic vessel was named Anita Conti in honor of France's first woman oceanographer
The International Association of Dredging Companies (IADC) bestowed the Young Author Award 2025 to Rick van de Wetering, Research Engineer at Royal IHC and Ph.D. candidate at Delft University of Technology, the Netherlands. IADC’s Young Author Award is given annually to “stimulate the promotion of new ideas and encourage younger men and women in the dredging industry.
The government of Canada has allocated $17.4 million to accelerate the development of the infrastructure at the Halifax Port Authority, most of which will go to the roll out of Halifax – Hamburg green shipping corridor.This investment is aimed at bolstering environmental sustainability and supply chain efficiency while actively supporting decarbonization efforts in the transportation sector and