South Korean President Yoon Suk Yeol spoke with Donald Trump on Thursday and congratulated him on winning the U.S. presidency on the "Make America Great Again" slogan as officials in Seoul worked to prepare for "significant" economic changes.Yoon and Trump held a 12-minute phone call and discussed the close security and economic ties of their two countries across all areas
At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions on vessel navigation as Hurricane Milton rapidly intensified.Most energy infrastructure on the U.S. Gulf Coast, including oil and gas production facilities, liquefied natural gas (LNG) plants and refineries, is expected to be out of the storm path
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region's output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers.Hurricane Francine shut in up to 42% of the region's offshore oil and 53% of its natural gas production.
Hanwha Ocean on Wednesday announced it has secured a contract that makes it the first Korean shipbuilder to provide maintenance, repair, and overhaul (MRO) services for the U.S. Navy.The 40,000-ton U.S. Navy dry cargo and ammunition ship USNS Wally Schirra is undergoing maintenance and inspection at Hanwha Ocean’s Geoje shipyard
Austal USA held a ceremony marking the official start of construction on the first U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC) to be built at its Mobile, Ala., shipyard. The vessel, named Pickering (WSMM 919), is the lead vessel in a series potentially comprising up to 11 cutters under a contract valued at $3.3 billion.
Walt Disney unveiled plans on Tuesday to launch a new cruise ship that will set sail from Tokyo starting in fiscal 2028, adding a ninth vessel to the brand's growing fleet.The new ship, to be built by Germany's Meyer Werft and modelled after the Wish that is the largest vessel in the group, is a partnership with Oriental Land Company (OLC), the operator of Tokyo Disneyland.
Russian navy ships churned into Havana harbor on Wednesday, a stopover the U.S. and Cuba said posed no threat but which was widely seen as a Russian show of force as tensions rise over the Ukraine war.Small groups of fishermen and curious onlookers lined the Malecon seafront boulevard in light rain to welcome the ships as they passed the 400-year old Morro castle at the harbor's entrance.
American aerospace manufacturer ULA on Wednesday announced it has ordered a new ship to transport rockets from its factory in Decatur, Ala. to launch sites at Cape Canaveral Space Force Station in Florida and Vandenberg Space Force Base in California.ULA said it awarded a contract to build the 356-foot-long roll-on/roll-off vessel to Bollinger Shipyards
The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop - but it is hardly the only issue that big carriers are facing as 2024 kicks off.Giants like Maersk say the industry, which handles 90% of global trade, faces the possibility of significant disruptions, from ongoing wars to droughts affecting key routes like the Panama Canal.
China has set itself the goal of producing more than half of the world's ships powered by cleaner fuels by 2025, in guidelines published by the industry ministry on Thursday.It did not give any estimates of the number of ships involved. But the guidelines said China would build more vessels powered by lower-carbon fuels such as methanol and liquefied natural gas
German shipbuilder Meyer Werft announced it has delivered Carnival Jubilee, the latest cruise ship for Carnival Cruise Line.The 183,200 GT ship is 345.4 meters long, 42 meters wide and can accommodate 5,374 passengers in 2,626 passenger cabins, plus 1,551 crew. It has 20 decks.The RINA-classed Carnival Jubilee has a wide range of entertainment options and numerous restaurants.