President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said.
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.
US natural gas futures held near a two-week high on Thursday as a bigger-than-expected storage build last week offset the drop in output in recent days as energy firms reduced flows on offshore Gulf of Mexico pipelines ahead of Hurricane Isaias.Front-month gas futures for November delivery <NGc1> on the New York Mercantile Exchange fell 1.1 cents, or 0.3%, to $3.
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. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents, or 3.5%, to $2.87 per million British thermal units, their highest level since July 24.
President Donald Trump’s waivers allowing foreign-flagged ships to move oil and fuel between U.S. ports have had little impact on high domestic gasoline prices due to elevated shipping rates and the relatively small fuel volumes transported so far, a Reuters analysis found.In March, Trump issued a waiver to the Jones Act, a century-old law that requires shippers to use vessels built
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.
The United States Coast Guard (USCG) has rescued a family of three who had been missing for seven days in waters off the Federated States of Micronesia.The crew of the USCGC Midgett located the family on April 6 after authorities reported the vessel overdue following its departure from Fananu Island on March 30.
HII announced the selection of two vice presidents at its Newport News Shipbuilding (NNS) division. Christie Miller has been promoted to the role of vice president of communications and Christian Ortego will join the division as vice president and NNS chief counsel.In her new role, Miller will have responsibility for internal and executive communications, special events and protocol
The U.N. Security Council on Wednesday asked U.N. Secretary-General Antonio Guterres to continue providing monthly reports on any further attacks on vessels in the Red Sea by Yemen's Houthis, spurring Russia to taunt the United States."We believe that amid present-day realities, the Security Council would be well advised to monitor attacks on commercial transport in the Caribbean, not the Red Sea