The U.S. Supreme Court is set to explore legal questions arising from the fraught history of U.S.-Cuban relations when it considers the scope of a 1996 law that lets U.S. nationals seek compensation for property confiscated by the communist-led Cuban government.The justices hear arguments on Monday in two cases centered on the federal law called the Helms-Burton Act, one involving U.S.
With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company will have an enterprise value of roughly $17 billion
U.S. President Donald Trump's administration is on a mission to weaken China's global network of ports and bring more strategic terminals under Western control, according to three sources familiar with the plan.The drive is part of the most ambitious effort to expand U.S. maritime influence since the 1970s and is designed to address growing fears in Washington that it would be at a disadvantage
Colonna’s Shipyard is a fifth-generation, family-owned medium-sized shipbuilder, led by Randall Crutchfield, Chairman & CEO, today. Founded in 1875 by 26-year-old ship carpenter Charles J. Colonna with a $2,000 loan from his brother, he founded a company that has not only withstood the test of time
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi Aramco’s suspension of over 30 jackup contracts by up to one year, the entry of newbuild rigs into the market without work to go to
Saronic accelerates its growth into autonomous shipbuilding with the acquisition of Gulf Craft, a Louisiana-based shipbuilder with a 60-year history of developing manned and unmanned ships for defense and commercial customers.Through this acquisition, Saronic gains a strategically located shipyard on the Gulf Coast that will serve as the prototyping and production hub for its medium unmanned
Germany’s maritime industry is proving resilient amid global economic uncertainty and shifting geopolitical priorities. At the annual conference of the German Shipowners' Association (VDR), statistics underscore the sector's role in securing trade, employment, and economic stability.
Risk Intelligence has signed an agreement with Hamburg-based ship owner the Risk Intelligence System.The unnamed shipowner owns more than 40 bulk carriers, container ships, product tankers and car carriers operating globally, which is why near real-time intelligence is key for their operations managed from Hamburg and Singapore.
The maritime and inland waterway sector is at a turning point in the transition towards zero-emission waterborne transport. To accelerate this transformation, the MarLEN (Maritime Low Emission Network) project has been officially launched under the HorizonEurope program. Coordinated by Forschungszentrum Jülich
Danish logistics specialist deugro and its partners Siemens Gamesa Renewable Energy A/S and Amasus Offshore B.V. are moving full steam ahead with the next generation of purpose-built transport vessels for the offshore wind sector. In a key milestone for offshore project logistics, the Rotra Futura was delivered on March 30, 2025, and just four days later
Intellian Technologies Inc., a global technology solutions provider of multi-constellation satellite user terminals and Eutelsat Group, the only GEO-LEO operator in satellite communications, announced that the new Enterprise Flat Panels are now available exclusively on Eutelsat’s OneWeb LEO network.