US natural gas futures held steady on Tuesday as bearish forecasts for milder weather and less demand over the next two weeks than previously expected offset a bullish drop in daily output to an eight-month low.Front-month gas futures for November delivery on the New York Mercantile Exchange (NYMEX) rose 0.2 cent, or 0.1%, to $3.169 per million British thermal units.
Northwest Florida has long been defined by its connection to the water. Home to Naval Air Station Pensacola, the Port of Pensacola and a growing network of marine manufacturers, defense contractors and emerging technology companies, the region is an important center for maritime innovation.
U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday.The takeover will be part of a sweeping oil production agreement that President Donald Trump announced with Venezuela, they said.The projects were among 14 contracts newly granted to U.S.
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning reversal nearly two decades after the company exited following the nationalization of its assets.
Sanmar Shipyards has delivered a new Bogaçay Class tugboat to SAAM Towage, increasing the number of SANMAR-built vessels operating within the company's fleet to 16.Renamed SAAM HUNABKU, the new tug is based on the RAmparts 2400SX-MKIl design developed exclusively for SANMAR by Canadian naval architects Robert Allan Ltd.
Wärtsilä Water & Waste, part of technology group Wärtsilä, has introduced a flexible and modular grease trap product line designed to separate fats, oils and grease from galley wastewater streams onboard merchant vessels, cruise ships and offshore platforms. The solution supports improved wastewater management while contributing to protection of the marine environment by capturing fats, oils
The American Association of Port Authorities (AAPA) Board of Directors announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4.Most recently, Yi served as Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration (MARAD), where he oversaw key programs supporting the nation’s commercial and strategic maritime infrastructure.
Regal Rexnord Corporation announced that its Board of Directors has appointed Aamir Paul to serve as Chief Executive Officer (CEO), commencing no later than July 1, 2026, upon the conclusion of his responsibilities with his current employer, Schneider Electric SE. The Board has also determined that Mr.
North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo may be the first delivery of Venezuelan oil to the Asian country since the US took control of the nation's oil sales earlier this year, the report said.U.S.
Norwegian Cruise Line Holdings appointed John Chidsey as its chief executive officer, effective immediately, replacing Harry Sommer, who is stepping down.The company said Chidsey, 63, who had served at the helm of Subway Restaurants for five years until December 2024 and Burger King Holdings, was appointed to Norwegian's board in 2025, following a previous stint from 2013 to 2022.
The Dutra Group, a California-based heavy civil marine contractor, has made a series of senior executive promotions across its core operations and newly acquired subsidiary, as it strengthens management capacity to support long-term growth.Bryan O’Sullivan has been appointed chief operating officer of the Dutra Group.
Secretary-General Arsenio Dominguez delivered opening remarks at IMO headquarters in London, as the Marine Environment Protection Committee (MEPC) meets to discuss the adoption of global regulations to reduce greenhouse gas emissions from international shipping (October 14-17).Full text below of the speech delivered on Tuesday, October 14, 2025:"Good morning distinguished delegates