McAllister Towing received the tug Mary McAllister from Washburn & Doughty Associates, Inc. in Maine. Mary McAllister is the sixth in a seven-tug series of American Bureau of Shipping-classed and certified 84-metric-ton bollard pull, low-emission tractor tugs. Mary McAllister is powered by CAT Tier IV engines producing 6,770 horsepower.
After disembarking more than 200 passengers who had paid tens of thousands of dollars to live on board for years, the Villa Vie Odyssey cruise ship departed Cambodia early on Wednesday.Last week, the vessel's owner, Florida-based Villa Vie Residences, suspended operations and forced passengers off the ship at the port town of Sihanoukville
The St. Louis Metro Port system remains the nation’s most efficient inland port system, according to the latest U.S. Army Corps of Engineers data, ranking first in cargo tonnage per river mile and fourth in total tonnage among seven major inland port districts.In 2024, the 70-mile port system handled 24.8 million tons of cargo, averaging 354,286 tons per river mile.
US President Donald Trump unveiled plans on Wednesday for South Korea to invest some $200 billion in US projects, but Seoul quickly suggested one key element, a $54 billion pipeline for an LNG project in Alaska, was not yet set in stone.The announcement from the White House amounted to the first set of major projects under a broader $350 billion strategic investment package South Korea made as
President Donald Trump will announce on Wednesday plans for South Korea to invest $200 billion in US projects, including $54 billion to build the long-planned Alaska liquefied natural gas project, a White House official said.The announcement will detail the first major projects under a broader $350 billion strategic investment package South Korea made as part of a trade agreement with Washington
The fourth of five National Security Multi-Mission Vessels (NSMVs), Lone Star State, was christened on July 17 at Hanwha Philly Shipyard in Philadelphia, marking another milestone in the U.S. Maritime Administration's next-generation training ship program.Built by Hanwha Philly Shipyard under the Vessel Construction Manager (VCM) model managed by TOTE Services
The Louisiana Coastal Protection and Restoration Authority (CPRA), the Louisiana Department of Transportation and Development (DOTD), and the U.S. Army Corps of Engineers (USACE) have agreed to a joint commitment to overhaul bureaucratic processes and accelerate coastal resilience efforts.
Reopened Middle East shipping and plummeting oil prices on Friday boosted bets the Federal Reserve may begin cutting interest rates as soon as December, but its policymakers still face a tangled outlook ahead of their April 28-29 meeting.Iran's announced reopening of the Strait of Hormuz pushed oil below $90 a barrel for the first time in more than five weeks, but U.S.
Revolution Wind, a 50/50 joint venture between Global Infrastructure Partners’ Skyborn Renewables and Ørsted, started delivering power to New England's electric grid on March 14.Revolution Wind, a 704MW offshore wind energy project, is expected to supply enough electricity to power more than 350,000 homes and businesses.
European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out of U.S. assets, vulnerable to setbacks.
HII announced that its Newport News Shipbuilding division has reached a significant construction milestone for Virginia-class submarine Oklahoma (SSN 802).Oklahoma is now “pressure hull complete,” which signifies all of the hull sections have joined to form a single, watertight unit.It is the 29th Virginia-class fast attack submarine, the first of Block V and the 14th to be delivered by NNS.
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.