Many claim to have ‘saltwater in their veins,’ but all you have to do is walk into the corner office of John McDonald, the new Chairman and CEO of the American Bureau of Shipping (ABS), to see that him saying “I was born into maritime” is not hyperbole. The first thing that greets you is a Dusan Kadlec nighttime painting of the Brooklyn Bridge
The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
As a result of a major White House office wake-up call or Executive Order 14269 determining it is time to start building ships again, Washington DC announced America’s maritime industry has been “dangerously declining” and with that decline we have allowed China to become the dominant force in global shipbuilding.
On April 30, Senator Mark Kelly (D-AZ), together with several original co-sponsors, reintroduced the SHIPS for America Act in the U.S. Senate, first introduced in December 2024, divided into two bills. Companion legislation was also introduced in the U.S. House of Representatives by Rep. Trent Kelly (R-MS) and Rep. John Garamendi (D-CA). This is a major, historic effort to revitalize the U.S.
Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.Brent crude futures LCOc1 advanced $5.51, or 6.1%, to $95.89 a barrel by 0752 GMT and U.S. West Texas Intermediate CLc1 was up $5.46, or 6.5%, at $89.31.
Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive day.The war has blocked the world's most important oil artery the Strait of Hormuz which is responsible for 20% of global oil and LNG supply.
At least two supertankers, not under sanctions, were departing Venezuelan waters on Monday carrying crude, according to monitoring service Tankertrackers.com and shipping records from state-run company PDVSA seen by Reuters.Venezuela's oil exports had remained at an almost complete standstill since mid-December, when U.S.
For Major General Jason Kelly, Rebuilding and Maintaining the Nation’s Critical Waterway Infrastructure is personal.When Major General Jason Kelly reflects on his path to leading the United States Army Corps of Engineers’ (USACE) Civil Works mission, he doesn’t describe a straight line.
Interferry, the global association representing the ferry industry, announced the appointment of six new members to its Board of Directors. These new director appointments, approved at the Annual General Meeting (AGM) in Sorrento on October 6, reflect the diversity and global reach of the ferry industry.
HII announced that Roger Kelly has been promoted to vice president of contracts and pricing at its Newport News Shipbuilding division. Kelly succeeds Matt Mulherin Jr., who has been appointed vice president of supply chain and strategic sourcing at NNS.Kelly will have overall responsibility for contracts, pricing, and export/import licensing and compliance for NNS.
The U.S. Army Corps of Engineers announced it is seeking comments on its proposal to renew and revise 56 existing nationwide permits and issue one new nationwide permit authorizing activities associated with improving fish passage. Nationwide permits authorize activities in wetlands and other waters that are regulated by Section 404 of the Clean Water Act and/or Section 10 of the Rivers and
Coast Guard and Maritime Transportation Subcommittee Ranking Member Salud Carbajal (D-CA-24) and Chair Mike Ezell (R-MS-04) announced their bipartisan American Cargo for American Ships Act passed the House of Representatives. The legislation will strengthen U.S. cargo preference laws to stop the ongoing decline of U.S. flagged ships engaged in international trade.