China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
By Captain Bobbie Scolley, U.S. Navy (ret.) and Rear Admiral Tim Gallaudet, U.S. Navy (ret.)For more than six decades, spanning from 1905 to the late 1970s, the U.S. Navy’s diving apparatus for deep ocean operations and salvage remained fundamentally unchanged. During this period, the demographic of navy divers also saw little alteration.
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.
European countries such as Belgium, the Netherlands and France have mine clearance capacity which could help secure passage through the Strait of Hormuz, French Defence Minister Catherine Vautrin told French TV station TF1 on Friday."There are capabilities to provide fully supported escort services – that is to say, in no way offensive
U.S. President Donald Trump called on allies over the weekend to help secure the Strait of Hormuz as Iranian forces continue attacks on the vital waterway amid the U.S.-Israeli war on Iran, now in its third week.Trump said his administration has already contacted seven countries, but declined to identify them.
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.
Sweden will choose a supplier for its multi-billion Swedish crown acquisition of four new frigates early next year, the defence minister said on Monday.Sweden is in an intense buildup of its forces in the wake of Russia's invasion of Ukraine and is looking to increase its navy fleet with bigger ships.
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.
Türkiye’s Sanmar Shipyards has delivered Denmark’s first fully electric tug to long-standing client Svitzer, which has been named SVITZER INGRID by Her Majesty Queen Mary at a ceremony in Copenhagen.The tug is based on the ElectRA 2500SX design from Canadian naval architects Robert Allan, developed exclusively for Sanmar.Measuring 25.4 meters in length with a 12.86-meter beam and 5.
Denmark’s, and Svitzer’s, first electric tugboat was named by Her Majesty Queen Mary at a ceremony in Copenhagen.The new tugboat will carry the name Svitzer Ingrid, as announced by Her Majesty during the naming ceremony, which was attended by more than 100 executives from the Danish maritime industry.
Hundreds of Lebanese gathered solemnly near Beirut's coast on Monday to commemorate a half-decade since the cataclysmic port blast of 2020, when more than 200 people were killed in one of the largest non-nuclear explosions in history.Carrying Lebanese flags and portraits of some of the victims
On April 5, 2025, Moran Towing celebrated the christening of the Mary Jane Moran with their crews, customers, port partners, and the family of the namesake in Port Arthur, TX. The event marked the arrival of a powerful new tug and honored a family who have been a part of our story for decades.