The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
Two undersea fibre-optic communications cables in the Baltic Sea, including one linking Finland and Germany, were severed, raising suspicions of sabotage by bad actors, countries and companies involved said on Monday.The episode recalled other incidents in the same waterway that authorities have probed as potentially malicious including damage to a gas pipeline and undersea cables last year and
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.
Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in January to move their cargo on vessels powered by near-zero emissions e-fuels like e-methanol.The group known as the Zero Emissions Maritime Buyers Alliance wants to use the combined clout of its members
The owners of a private island in the U.S. rely on vessel transport as a lifeline to the mainland. Their boat, used for carrying supplies and even supplying medevac support in emergency situations, must be able to run at any time, in all conditions.So when it came time for their existing vessel to be replaced
Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month, the head of the Finnish investigation said.Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.
With the election (largely) settled, we turn our attention to the challenges and opportunities that the new Administration and Congress hold for maritime stakeholders.Maritime Challenges Out (and at) the GatesOn October 3, 2024, the United States Maritime Alliance (USMX) and the International Longshoremen's Association, AFL-CIO (ILA) reached a tentative agreement on wages
Tugdock and Sarens have secured funding from Crown Estate’s Supply Chain Accelerator for a joint project to develop a heavy lift operations and maintenance (O&M) hub at ABP’s port of Port Talbot in Wales to support floating wind projects in the region.With key support from major industry players such as ABP and RWE, and other partnerships
Wilhelmsen Ship Management announced its chief operating officer Haakon Lenz will assume the role of CEO, succeeding Carl Schou, who is retiring after 19 years of service, including 16 years as CEO.Lenz will assume the role of CEO on January 1, 2025, and Carl Schou will remain with the company as a senior advisor for a period of six months.
A Commissioner with the U.S. Federal Maritime Commission is urging President Joe Biden to provide aid for local companies and workers suffering from an economic upheaval in the wake of the tragic Key Bridge collapse in Baltimore.A letter sent by Commissioner Carl W. Bentzel to President Biden on Monday asks the President to consider using the Coronavirus Aid, Relief
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will deliver the fuel supply system for Exmar’s two new medium size gas carriers that will operate with ammonia fuel.The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner Danish shipowner Exmar LPG, a joint venture between Exmar, a multi-disciplinary maritime and offshore solutions provider, and Seapeak
FMC Commissioner Carl W. Bentzel weighs in, urging policies to help Puerto Rico become an Offshoring and Distribution Hub. His staement of today, follows:Events of recent years have made many who are interested in trade, transportation, and supply chain issues question the model of relying predominantly on manufacturers based in one nation located far from the United States.