The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.
The United States has ordered an amphibious squadron to the southern Caribbean as part of President Donald Trump's effort to address threats from Latin American drug cartels, two sources briefed on the deployment said on Wednesday.The sources, speaking on condition of anonymity, said that the USS San Antonio
Venezuela's exports of crude oil and fuel fell 11.5% in March as Washington's imposition of secondary tariffs and the cancellation of key licenses to operate in the U.S.-sanctioned energy sector led to delays and cargo suspensions, according to ship tracking data and documents.U.S.
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy.The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) employer group
A federal judge on Monday struck down an order by U.S. President Donald Trump's administration to halt all federal approvals for new wind energy projects, saying that agencies' efforts to implement his directive were unlawful and arbitrary.Agencies including the U.S. Departments of the Interior and Commerce and the Environmental Protection Agency have been implementing a directive to halt all
Small importers for large U.S. retailers rushed in China-made strollers and wares meant for spring and are storing the goods in their own warehouses to avoid the big tariff bills that had been threatened over the next month.Before Sino-American talks on the sidelines of the ASEAN Summit in Kuala Lumpur eliminated the threat of U.S.
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.
The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits.Biden in January had paused the Department of Energy's approvals of U.S.
T. Parker Host (HOST), a provider of maritime agency and terminal services across the United States, has acquired Transmarine Navigation Corporation (Transmarine), a West Coast ship agency headquartered in Long Beach, California.The transaction unites two industry pioneers, forming the largest independent tramp ship agency in the United States and expanding HOST’s maritime coverage from coast to
Malta's government said on Tuesday it would carry out repairs in international waters on a humanitarian aid ship which was reportedly bombed by two drones early on Friday.The "Conscience" is operated by the Freedom Flotilla Coalition, an international NGO which says it wants to use the ship to break the siege of Gaza and deliver humanitarian aid.
Fees for vessels to pass through the Panama Canal this year are 15% below last year's levels as the waterway now has more capacity to move cargoes, the head of the Panama Canal Authority, Ricaurte Vasquez, said on Wednesday in a video conference.A severe drought between late 2023 and early 2024 forced the world's second busiest waterway to impose passage restrictions that prompted long waiting
Yemen's Houthis said on Tuesday they would resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait and the Gulf of Aden, ending a period of relative calm starting in January with the Gaza ceasefire.The Houthis had launched more than 100 attacks targeting shipping from November 2023