Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues.Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government.
The U.S. Coast Guard’s Facilities Design and Construction Center completed a contract modification with The Whiting-Turner Contracting Company Aug. 25 to remove up to 100 submerged concrete piles under the old Pier November at Base Charleston in North Charleston, South Carolina. The modification, with a potential value of approximately $14.
South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.With the merger, the company said it aims to lead U.S.-Korea shipbuilding cooperation projects touted during a recent summit between the leaders of the countries that Seoul has dubbed
U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act, which passed last month
The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that
British maritime security firm Ambrey reported on Tuesday that the paramilitary Rapid Support Forces (RSF) had launched a drone attack on facilities at Port Sudan, targeting the container terminal and escalating a two-year-long conflict.Ambrey said it had obtained video footage showing damage to the terminal and civilian infrastructure, reportedly leaving the city without power.
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port, Iran's biggest container hub, shattering windows for several kilometres around
Cyber, business interruption and natural catastrophes are the risks of most concern for businesses globally according to the Allianz Risk Barometer 2025 - as voted for by a record 3,778 risk management experts from 106 countries and territories.Cyber incidents (38% of responses, a record 7% points ahead) consolidates its position as the most important risk.
You would be hard pressed to find a corporate leader more passionate about the company they lead; more dedicated to the customer they serve. In this case it’s George Whittier, CEO, Fairbanks Morse Defense and the U.S. Navy. Upon his return less than five years ago, Whittier has driven FMD towards the top of the U.S. Navy supply heap, with a string of strategic acquisitions.
President-elect Donald Trump's support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum.His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric vehicle production
Nigeria and India on Sunday agreed to deepen collaboration in maritime security, intelligence and counter-terrorism during a state visit to the West African country by Indian Prime Minister Narendra Modi.Modi is the first Indian premier to visit Nigeria in 17 years after an invitation by President Bola Tinubu, who is seeking investments from some of the world's biggest economies.
At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026