U.S. President Donald Trump wants a pay raise for troops, more high-tech missiles and drones in next year's defense budget, while cutting Navy jobs, and buying fewer ships and fighter jets to save money, according to budget materials posted Wednesday.At $892.6 billion, the defense and national security budget request is flat compared with this year.
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.
The first commercial application of Volvo Penta’s IPS Professional Platform will power Northern Offshore Services’ next-gen crew transfer vessel. Longtime collaborators Volvo Penta and N-O-S aim to more than satisfy the unique requirements of a possible 25x increase in offshore wind production.
The U.S. Navy's deployment of new extremely long-range air-to-air missiles in the Indo-Pacific could erase China's advantage in aerial reach, experts say, part of an intensifying focus on projecting power amid high tensions in the region.The AIM-174B, developed from the readily available Raytheon SM-6 air defense missile
U.S. Secretary of State Antony Blinken criticised Beijing's "escalating and unlawful actions" in the South China Sea at a summit on Saturday, while his Russian counterpart said Washington has stoked anxiety with its plan for a nuclear deterrence with ally Seoul for the Korean peninsula.Blinken singled out China over its coast guard's hostile actions against U.S.
Denmark-based A.P. Moller - Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry.Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired by Norwegian offshore supply vessel company DOF Group in a $1.11 billion in a cash and stock deal.The newly formed company is owned by A.P.
Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms.Eurazeo made the investment through its Eurazeo Transition Infrastructure Fund (ETIF)
When U.S. presidential candidate Donald Trump started talking about new import tariffs on the campaign trail, Danny Reynolds checked the tags on wedding dresses in his bridal salon and sped up some shipments to his independent clothing store in Indiana."I was grabbing tags specifically to look at the country of origin and it was China, China, China, China, China, China
While the U.S. Navy’s first Constellation-Class Frigate (FFG 62) is under construction in the United States, Norway is showing serious interest in the guided-missile frigate, as well as bolstering its longstanding strategic partnership with America.Last week Norwegian Minister of Defence, Mr.
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's promise to end an expanded Department of Energy review that has slowed new export permits.
The Philippines will acquire 40 fast patrol craft for its coast guard to boost its maritime security, the economic planning agency said on Tuesday.The purchase, to be funded by official development assistance from the French government, was approved by the National Economic and Development Authority Board, chaired by President Ferdinand Marcos Jr.
The skipper of a U.K. fishing trawler has been been fined and given an eight-month prison sentence after falling asleep during his watch, causing the vessel to collide with another and injuring two crew membersOn January 15, 2022, Maurice Reid of Fraserburgh, Scotland was in charge of the fishing vessel Margaret Anne’s journey when he started to fall asleep.