Brazil's state-controlled oil company Petrobras has signed a $427 million contract through its logistics subsidiary Petrobras Transporte (Transpetro) with the Rio Grande Shipyard for the construction of four medium range tankers as part of a broader program to renew and expand its shipping fleet.
Royal Caribbean cut its annual earnings forecast on Thursday, even after reporting a better-than-expected quarterly profit, as surging fuel costs linked to the Iran war weighed on the cruise operator.Still, its shares jumped 6% as demand for its vacation destinations remained resilient.
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.
The barge Defiant was refloated from the Castillo San Felipe del Morro shoreline in San Juan Harbor, Wednesday at approximately 2:22 a.m., just before high tide.Salvage crews and tugboat operators prepositioned three tugboats and completed all the preparations, including the pressurization of all cargo tanks, voids and compartments in the barge.
Seatrium delivered FREDERICK PAUP to Manson Construction Co. Built at Seatrium’s Brownsville Texas yard, the Jones Act-compliant vessel is the largest self-propelled hopper dredger in US history.Key highlights:Largest in the U.S. – 420’ length x 81’ beam, with a 15,000+ cubic yard hopper capacityPowerful and Agile – Self-propelled with 25,000 horsepower, triple azimuthing stern drives
As global demand for data storage and processing accelerates — driven by cloud computing, streaming media, and the explosive growth of artificial intelligence — the physical footprint of data centers has become a growing challenge. Land-based facilities face mounting constraints: limited space, water scarcity, grid congestion, long permitting timelines and rising community opposition.
The U.S. inland waterways don’t just move cargo — they move people into long-term, well-paid careers. At a time when trucking and rail struggle with shortages, turnover, and burnout, inland waterways operators quietly offer something different: a job you can start without experience, a career you can grow into, and a paycheck that gets better every step of the way.
We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own.
The American Waterways Operators, the trade association of the American tugboat, towboat and barge industry, has released a new video on the industry's contributions to U.S. national and homeland security.The two-minute video, The Tugboat, Towboat and Barge Industry: Supplying America, Securing America, notes that while the mariners who transport cargo and facilitate commerce on America's rivers
Moran Towing Corporation acquired Bisso Towboat Co, as it aims to accommodate growing needs of New Orleans and the Lower Mississippi River communities.Moran was founded in 1860 and is privately owned and operated. It offers ship assist services in 17 ports along the U.S. East and Gulf Coasts and has operated in New Orleans since 2006.
Svanehoj, an ITT company, acquired Germany-based Köhler & Hörter GmbH (KOHO Kompressorsysteme, or KOHO), a family-owned company specializing in high-quality compressors for a wide range of industries, including shipbuilding. The acquisition closed on October 1, 2025. In recent years, Svanehoj has expanded its position as a supplier of marine pumps, tank control systems
The federal district court in Anchorage, Alaska, has entered final judgment against three Kodiak-based commercial fishing companies and their manager for multiple violations of the Clean Water Act.The court entered default judgments against company manager Corey Potter and F/V Knot EZ LLC, Aleutian Tendering LLC, and Alaska Tendering Company LLC, and imposed a civil penalty of $1,182