President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m.
German energy company RWE said on Thursday that it had reached a $1.22 billion agreement with the Trump administration to cancel three offshore wind leases in U.S. waters and to direct the funds to LNG and natural gas power plant projects.The arrangement is the fifth, and largest, the administration has entered into this year as part of its wide-ranging effort to stop development of U.S.
Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the impasse that has choked off Gulf trade for months.Oman proposed a new regional deal aimed at resolving the conflict over the critical strait
ABS has signed two agreements with South Korean shipbuilding organizations aimed at advancing software-defined vessel technology and strengthening workforce development for the U.S. and Korean shipbuilding industries.The first agreement will see ABS Consulting and affiliate ABS Wavesight support HD Korea Shipbuilding & Offshore Engineering (HD KSOE) in developing its software-defined vessel
The U.S. Merchant Marine Academy (USMMA) graduated 188 new merchant marine and military officers during its 90th commencement ceremony.U.S. Secretary of Transportation Sean P. Duffy, whose department oversees the Academy, one of the Nation’s five service academies, introduced the keynote speaker, U.S. Secretary of the Army Daniel Driscoll.
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia became the world’s second-largest LNG exporter after Qatar shut down production this month following damage to its facilities from Iranian strikes.
The Rio Tinto marine team ia a leading charterer, chartering and operating a fleet of more than 230 ships to transport over 300 million tonnes of product every year. Glencore shares rose by 10% on Friday following news it is in talks with Rio Tinto about a takeover that would create the world's largest mining group, valued at almost $207 billion.
ABB has verified what it calls a major advancement in vessel Dynamic Positioning (DP) technology, following successful Failure Mode and Effects Analysis (FMEA) proving trials and sea trials on board the new wind turbine installation vessel (WTIV) Norse Wind.By integrating ABB Ability Marine Pilot Control - a ship control system that unifies dynamic positioning, maneuvering
A next-generation fire suppression system capable of autonomously detecting oil fires aboard naval vessels and targeting and extinguishing them has been developed domestically for the first time. The system uses AI to determine the authenticity of a fire, activating only when an actual fire occurs.
ABB has secured a contract with Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker, which is expected to be delivered to the Canadian Coast Guard by 2030.Polar Max will be constructed through an industrial collaboration between Canadian-controlled facilities in Helsinki, Finland and Lévis, Canada. The 22,800-ton, 138.