China launched its most extensive war games around Taiwan on Monday to showcase Beijing's ability to cut off the island from outside support in a conflict, testing Taipei's resolve to defend itself and its arsenal of U.S.-made weapons.The Eastern Theatre Command said it had deployed troops, warships
The White House has ordered U.S. military forces to focus almost exclusively on enforcing a "quarantine" of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in using economic rather than military means to pressure Caracas.
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
Western Australian premier Roger Cook said on Wednesday he had been "assured" by federal Resources Minister Madeleine King that a new government policy of reserving 20% of gas output for domestic use would not harm his state's large LNG industry."Maddie King is a very good friend of mine
The Chamber of Shipping of America has recognized 48 Crowley-owned or -managed vessels with 2026 Jones F. Devlin Safety Awards for achieving a combined 427 years of service without a lost-time injury.The Jones F. Devlin Safety Award recognizes merchant vessels that operate for at least two consecutive years without a crew member experiencing a lost-time injury.
Shipping companies are facing mounting pressure on investment decisions as decarbonization regulations translate emissions targets into direct operating costs, according to a survey commissioned by Wärtsilä.The study, based on responses from 225 senior maritime executives, found that more than 90% of respondents remain confident in their ability to navigate the energy transition
HII announced that its Newport News Shipbuilding (NNS) division has successfully completed builder’s sea trials of John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.Kennedy returned to NNS after testing important ship systems and components at sea for the first time.The sea trials brought together NNS shipbuilders, John F.
The U.S. Coast Guard is accelerating long-term investments in cutters, aviation assets and autonomous systems following what service leaders described as a historic infusion of funding from Congress in 2025, according to testimony before the Senate Commerce Committee.During the hearing, Senator Roger Wicker (R-Miss.
Technology group Wärtsilä will supply the engine and propulsion equipment for a new 3,800-deadweight-tonne heavy lift vessel being built for Netherlands-based operator Hartman Seatrade.The vessel will be powered by a Wärtsilä 31 engine, selected to minimize fuel consumption and exhaust emissions.
HII’s Ingalls Shipbuilding division has delivered Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. This marks the second Flight III Arleigh Burke-class destroyer to be delivered by Ingalls shipbuilders.“The delivery of Ted Stevens reflects the strong momentum of our destroyer program as we accelerate Flight III production and bring enhanced capabilities to the
Wärtsilä has identified four key trends it expects to shape the global shipping industry in 2026, citing accelerating digitalization, rising decarbonization pressures and growing uncertainty over regulatory trajectories.The company highlighted lifecycle optimization as a major theme
Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026.