U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.
The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.
The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen's Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for trade route, industry sources said on Wednesday.Iran-aligned Houthi militants first launched aerial drone and missile strikes on the waterway in November in what they say is solidarity with Palestinians in Gaza.
Retailers are fueling a summer rush of imports to the United States this year as companies guard against a potential strike by port workers and ongoing shipping disruptions from attacks in the Red Sea ahead of a shortened holiday shopping season.Container imports and freight rates surged in July
The UK P&I Club appointed Richard Offord as the new Chief Executive of the Club’s Singapore Branch. Richard will replace Yiah Soon Ng (YS) on December 1, 2024, as YS will retire after leading the Singapore office for more than 27 years. Offord joins the office from his previous position in London and will report to the Club’s Regional Director for Asia, Andrew Jones.
Around 50 vessels have operated on hydrogen as fuel since the pioneering ferry Hydra set sail in 2000.Whether it’s used in fuel cells or combustion engines, its capex and opex are still much higher than an equivalent diesel system, and it’s expected to stay that way until at least 2040.
Condon Claims Management, a leading claims management advisory firms, has acquired US-based Marine Claims Associates LLC.The acquisition marks a strategic milestone for Condon Claims Management, which is part of the Thomas Miller Group, as the firm continues to broaden its presence in the US market, enabling it to offer greater claims management and adjusting services in the maritime, logistics
Stevens Towing Company, a fourth-generation, family-owned company, has announced several key leadership promotions.Bos Smith has been promoted to Vice President. With more than 36 years of dedicated service to Stevens Towing, Smith has been instrumental in driving growth and maintaining strong client relationships.
HII has announced that shipbuilders at its Newport News Shipbuilding (NNS) division have successfully installed the first valve manifold assembly created by 3D Printing (additive manufacturing) on a new construction aircraft carrier.The valve manifold assembly, a specialized assembly that allows distribution of a single source of fluid to multiple points on the ship
HII announced today that Derek Murphy has been promoted to vice president of new construction aircraft carriers at its Newport News Shipbuilding division.In his new role, Murphy will have responsibility for all new construction aircraft carriers in production at the shipyard, including John F. Kennedy (CVN 79), Enterprise (CVN 80) and Doris Miller (CVN 81).
The keel for the future USS William Charette (DDG 130), an Arleigh Burke-class guided-missile destroyer, was ceremoniously laid on August 29 at General Dynamics Bath Iron Works (BIW) in Bath, Maine. The warship is scheduled for delivery to the U.S. Navy in 2026.Named after Medal of Honor recipient Master Chief Hospital Corpsman William R.
International freight insurer, TT Club, announces the appointment of Kamel Tlili as Chief Executive of its Singapore branch as Yiah Soon Ng retires after leading Thomas Miller’s Singapore office since 2009.After five years as Chief Executive for TT Club and having led Thomas Miller’s Singapore operations for 15 years, Yiah Soon (YS) Ng has announced his retirement.