President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said.
Major US maritime organizations have issued statements voicing their concern over the Trump Administration’s decision to issue a sweeping 60-day waiver of the Jones Act.Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built, U.S.-flagged and mostly U.S.-owned. A coalition of U.S.
GT Wings has announced the latest addition to its wind-assisted propulsion product range, AirWingS, a new compact and lightweight Jet Sail developed to address the operational requirements of smaller commercial vessels.The new design expands the AirWing product line to address a broader segment of the commercial shipping market.
The Sault Historic Sites, Captain John P. Wellington Great Lakes Marine Hall of Fame, recognized the significant contributions of James H.I. Weakley, President of the Lake Carriers’ Association (LCA) on Friday, September 11th in Sault Ste Marie, Michigan.The award is given every other year alternating between U.S. and Canadian nominees. The complete list of previous awardees can be found here.
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning reversal nearly two decades after the company exited following the nationalization of its assets.
ABB has agreed to acquire UK-based intelligent flow control solutions provider Rotork in a recommended all-cash deal valuing the company at about $5.5 billion, expanding its automation portfolio and strengthening its position in industrial automation.ABB said Rotork's flow control and instrumentation portfolio complements its existing automation business and will strengthen its position at the
China's military test-fired a missile from a nuclear-powered submarine into the Pacific on Monday, state media reported, drawing criticism and concern from Japan, Australia, New Zealand and Taiwan.A People's Liberation Army (PLA) Navy submarine launched the missile, carrying a dummy warhead, toward international waters in the Pacific at 12:01 p.m. (0401 GMT), the official Xinhua news agency said.
Francbord, a new Breton industrial group resulting from the evolution of the Ecomer group, announced its merger with the SME Enag, strengthening the group's position as a supplier of technological solutions dedicated to the maritime sector and industry.This operation was made possible thanks to a new fundraising initiative by the maritime sector decarbonization fund managed by Bpifrance, Unexo
Shipping lenders and investors risk repeating the mistakes made by Europe's electricity utilities and their financiers a decade ago, and the financial fallout could reach far beyond individual shipowners to lenders, investors, cargo owners and other supply-chain stakeholders, says UCL.
Australia has commenced its first live shipboard trial of S‑100 digital navigation data, with dynamic tidal and current information now being tested on the bridge of operational cruise vessels in Sydney Harbour.S‑100 is the international standard for next‑generation digital marine navigation, developed by the International Hydrographic Organization.
Marilyn Hubalde still remembers the first time she heard the thunderous chop of military helicopters swooping over this northernmost outpost of the Philippines, less than 90 miles from Taiwan. It was April 2023, when Filipino and American troops descended on the cluster of 10 emerald green islands of Batanes province for amphibious warfare drills.