The U.S. Virgin Islands (USVI) is involved in a proposal that aims to create a US international ship registry domiciled in the U.S. territory, the island's governor said.President Donald Trump's administration is considering the proposal as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, sources familiar with the matter told Reuters last week.
The Port of Oakland experienced a solid 2024, processing 2.26 million TEUs (twenty-foot containers), representing a 9.5% increase over 2023.The 2024 cargo data reflects a long-term growth trend in consumer spending in the San Francisco Bay Area and in the rest of the country.“Consumer demand has remained resilient, driving higher import volumes through the Port
The Port of Oakland’s container volume registers continued growth in the fourth quarter. Total container volume rose 10% over recorded volumes during the same period in 2023.Loaded imports continue to grow for the 12th straight month. Import volume rose 11.2% in October 2024, compared to October 2023. Port operators processed 81,498 TEUs (twenty-foot containers), versus 73,281 TEUs in 2023.
Federal funds to upgrade aging docks to accommodate ultra-large vessels and expand economic benefits to region.The Port of Oakland was awarded approximately $50 million from the U.S. Department of Transportation Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at the Outer Harbor.
Port ranks number one for refrigerated exports, supports $8.5 billion in ag exports.The Port of Oakland continues to be one of the most important gateways for U.S. agricultural products. The Port exported 235,899 TEUs (twenty-foot containers) of agricultural commodities as of October 2024, totaling nearly $8.5 billion.
PowerCell Group has secured an approval in principle (AIP) from classification society DNV for its methanol-to-power solution. The system integrates a methanol reformer from RIX Industries with the PowerCell Marine System 225, recently launched to aid in the maritime industry's shift toward cleaner energy sources.
The sale of nuclear-powered submarines to Australia under the AUKUS treaty faces new doubts as U.S. President Donald Trump's tariffs take hold, and amid concern in Washington that providing the subs to Canberra may reduce deterrence to China.Whether the United States can boost submarine production to meet U.S.
Reserve, La. based DSC Dredge announced it has promoted Stephen McMahon to vice president of product support. He succeeds John “Sonny” Lightsey, who dedicated over 29 years to DSC.McMahon's journey at DSC began in 2011 in the hydraulic and mechanic shop, working under Troy Redwine and Carl Ulrich.