The Trump administration is considering waiving the century-old Jones Act for a limited period to ensure energy and agricultural shipments can move freely between U.S. ports, press secretary Karoline Leavitt said on Thursday, in a bid to combat Iran-related supply disruptions."In the interest of national defense
Resolve Marine, a marine solutions provider, has begun work on the mast removal of the SS Richard Montgomery, a World War II Liberty ship that sank in 1944 while carrying munitions destined for Allied forces in Europe. Situated in the Thames Estuary, approximately 80 kilometers east of London, the vessel still contains approximately 1,400 tons of munition.
Port of Albany-Rensselaer, NY CEO Richard J. Hendrick was unanimously elected Chair of the Board of Directors of the American Association of Port Authorities (AAPA) at its Annual Convention in New Orleans. AAPA represents more than 130 public port authorities in the U.S., Canada, the Caribbean and Latin America.
[video courtesy Saildrone]Saildrone and Lockheed Martin demonstrated a new armed autonomous naval capability during RIMPAC 2026, successfully launching two Joint Air-to-Ground Missiles (JAGM) from a Saildrone Surveyor unmanned surface vessel (USV) off Hawaii.The live-fire exercise marked the first missile launch from a Saildrone platform
Ofiniti has acquired maritime intelligence company Teqplay, expanding its maritime fuel operations platform with vessel tracking, port-call analytics and operational intelligence capabilities.The acquisition broadens Ofiniti's offering beyond scheduling, operational coordination and digital documentation into real-time operational intelligence
Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the U.S. began blocking shipping in and out of the country's ports on April 13.The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from reaching its main buyer China.
Four people died after a small boat carrying migrants seeking to reach Britain sank in the Channel and a search and rescue operation was underway, French local authorities said on Thursday."A taxi-boat sinking occurred today. The situation is still being assessed and remains subject to change," local French authorities in Calais said in a press statement.
Following three consecutive years of revenue growth and expanding international demand for efficient offshore power delivery, Verlume is evolving its leadership structure to support its next phase of global expansion transitioning from technology commercialization to global scale-up.
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous
Gulf Island Fabrication has reported strong third-quarter results with revenue of $51.5 million and adjusted EBITDA of $2.5 million, despite softer trends in its services business, a decline in small-scale fabrication activity and anticipated losses from the recently acquired Englobal business.
Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.
Norway-based ship designer HAV Design has appointed Richard Schofield as its new managing director.Schofield has 20 years’ management experience from maritime industries. He has held leadership roles at maritime suppliers Kongsberg Evotec and Vard Electro, at aquaculture industry supplier Optimar, and at ship designer Ulstein Design & Solutions.