The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade.America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on Middle Eastern oil for decades and
Michael Carter and Steven Henderson grew up together in North Carolina, attended the United States Merchant Marine Academy (USMMA) together, and most recently jointly founded Fleet Zero, a company aiming to develop modular, containerized battery technology for electrifying cargo ships.
General Dynamics reported a solid start to 2026, with its maritime-focused Marine Systems segment delivering standout growth driven by continued demand for U.S. Navy shipbuilding programs.The company posted overall first-quarter revenue of $13.5 billion, up 10.3% year-over-year, but the strongest gains came from Marine Systems, where revenue jumped 21% to $4.34 billion.
The U.S.-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a U.S. blockade on vessels calling at Iranian ports.U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S. and Iran failed to reach a deal.
The U.S. is allowing a Russian tanker full of crude oil to reach Cuba, the New York Times reported on Sunday, possibly granting a lifeline to the Caribbean island amid a de facto oil blockade imposed by Washington.Ship tracking data showed the Russian-flagged tanker Anatoly Kolodkin on Sunday was just off the eastern tip of Cuba.The Times report, citing a U.S.
The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston, March 23-25.Q: What inspired the creation of the Port of the Future Conference?The idea started in 2019 with Dr.
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company will have an enterprise value of roughly $17 billion
Canada's Prime Minister Mark Carney signed an agreement with Alberta's premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast.Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for
Iran confirmed on Saturday that its Revolutionary Guards had seized a tanker in Gulf waters carrying a cargo of petrochemicals bound for Singapore over alleged violations, Iranian state media reported.A U.S. official and maritime security sources had said on Friday that Iranian forces intercepted the oil products tanker and diverted it into Iranian territorial waters.
The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.A return to an all-out trade war appeared imminent last week
New Wave Media, a leading B2B media company serving the global maritime, offshore energy, subsea and logistics sectors, acquired the Port of the Future Conference & Exhibition, a premier international symposium known for its focus on advancing port infrastructure, technology, and policy.