The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.
Hanwha Shipping, a U.S. subsidiary of Korean shipbuilder Hanwha Ocean, on Tuesday said it ordered an LNG carrier valued at roughly $252 million from its own Pennsylvania-based unit Hanwha Philly Shipyard.Under the agreement, the ship will be built in Korea and flagged in the United States. It is slated for delivery in the first half of 2028.
Britain said on Monday it would radically change its approach to defence to address threats from Russia, nuclear risks and cyber-attacks by investing in drones and digital warfare rather than relying on a much larger army to engage in modern combat.Responding to U.S. President Donald Trump's insistence that Europe take more responsibility for its own security
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration
Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters.A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S.
U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from financial firm LSEG.The increase was fueled by strong sales to Europe and Asia, and came despite unplanned shutdowns at the country's largest facility, Cheniere Energy's Sabine Pass plant in Texas
A joint letter has been sent to EU Animal Welfare Commissioner Olivér Várhelyi urging the Commission to halt the transport of unweaned calves from Ireland to France by roro ferry.It follows a similar letter sent in February.In 2022 the European Commission conducted an audit into the export of unweaned calves from Ireland to France and concluded that these journeys breach Regulation EC1/2005 on
The Trump administration on Thursday issued more Iran-related sanctions, targeting 13 entities based in Hong Kong, China, the United Arab Emirates and the Marshall Islands, as well as eight vessels, the U.S. Treasury Department said.The measures cover Greek national Antonios Margaritis and his network of companies and vessels that Treasury said was involved in transporting Iranian oil exports in
A Chevron-chartered tanker docked at Venezuelan state company PDVSA's Jose terminal on Tuesday, positioning it to be the first to export crude to the United States under a new license Chevron received in July, LSEG tracking data showed.The U.S. Treasury Department late last month authorized Chevron to operate in the sanctioned OPEC nation again
Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable more vessel transits is unconstitutional.Some 2,500 people would be affected by construction of the Rio Indio reservoir, according to figures from the canal's authority
The U.S. Trade Representative softened fee proposals for non-U.S.-built LNG tankers and car carriers amid its ongoing effort to counter China's dominance on the high seas and revive domestic shipbuilding.The revised proposal, unveiled by USTR on Friday, would remove LNG-related penalties for failing to export a percentage of fuel on U.S.-owned ships.
After more than a decade of collaboration with cooperating agencies, community experts and public input, NOAA today released the final management plan and environmental impact statement for Florida Keys National Marine Sanctuary.The documents outline NOAA’s regulatory recommendations and mark a critical milestone in the most comprehensive public process to restore the Florida Keys’ delicate