CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
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.
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
Nippon Yusen (NYK), Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said."The tariffs are not directly borne by consumers, but the burden ultimately falls on them, which in turn reduces the actual flow of goods.
We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal was conducted by the Jones Act private sector U.S. maritime industry. The FSK collapsed at about 1:28 a.m.
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.
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.
Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further."Over the weekend, the crew's ongoing firefighting has stopped the fire onboard from spreading further," Maersk said in an emailed statement.
Danish shipping company Maersk MAERSKb.CO said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts had intensified.(Reuters)
A fire broke out onboard a Maersk container vessel off the coast of Liberia on Wednesday and the crew was still battling to put out the flames a day later, the Danish shipping group said on Thursday."The crew of the Marie Maersk detected smoke coming from containers onboard the vessel en route from Rotterdam, The Netherlands to Tanjung Pelepas, Malaysia," Maersk said.