Companies that once committed to investing in U.S. offshore wind infrastructure and supply chains are now scrapping their plans as the industry experiences significant challenges. These setbacks stem from project delays, soaring costs, and the potential loss of federal support under former President Donald Trump’s proposed policies.
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.The gas had kept flowing despite nearly three years of war, but Russia's gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused to renew a transit agreement.
The Scythian philosopher Anacharsis (6th century B.C.) said: “There are three sorts of people: those who are alive, those who are dead and those who are at sea.”Many of those onboard the Nella Dan when she grounded in December 1987 never went to sea again. Such was their passion for the ship.
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)
Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research by Veson Nautical's data intelligence arm VesselsValue.Approximately $13.
European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove "debilitating" to the entire sector, industry officials and analysts said.The dockworkers began their first large-scale stoppage in nearly 50 years early on Tuesday
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.
The largest ports in Texas closed operations and vessel traffic on Sunday as Hurricane Beryl intensified as it approached the Texas coast near Houston.Beryl, which left a trail of destruction this week in the Caribbean, killing at least 11 people, was now a category 1 hurricane and may strengthen into a category 2 by landfall on Monday, the U.S. National Hurricane Center (NHC) said.
The U.S. military said on Thursday that it had destroyed four unmanned drones launched by Iran-backed Houthi forces in Yemen.The U.S. Central Command said on the social media site X that the drones "presented an imminent threat to merchant vessels and U.S. Navy ships in the region."The drones were aimed at a coalition vessel and a U.S.
The first electric tugs of the SAAM Towage's fleet, built by SANMAR Shipyards, have reached the Port of Vancouver in Canada. The vessels are named Saam Volta and Chief Dan George."We continue to make progress on this milestone for SAAM Towage, which is part of our strategy to drive innovation and development for increasingly sustainable operations.
The wreck of a World War II-era freighter has been discovered in over 600 feet of water around 35 miles north of Michigan’s Keweenaw Peninsula.Over the last 7 years, shipwreck researcher Dan Fountain has been studying remote sensing data in the search for shipwrecks in Lake Superior.
KNOT Offshore Partners announced that its wholly owned subsidiary, KNOT Shuttle Tankers, has entered into agreements with parent ocompany Knutsen NYK Offshore Tankers AS (KNOT), to simultaneously acquire from KNOT the 2021-built, industry-standard Suezmax shuttle tanker Tuva Knutsen and sell to KNOT the smaller-scale, 2011-built shuttle tanker Dan Cisne.