Greenland's Prime Minister Jens-Frederik Nielsen said on Sunday "no thanks" to U.S. President Donald Trump's idea of sending a hospital ship to Greenland, a territory that Trump has repeatedly said he wishes to take over.Trump said on Saturday on social media he was working with Louisiana Governor and special envoy to Greenland, Jeff Landry, to send a hospital boat to Greenland.
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
Singapore-based Seatrium has resolved its dispute with an affiliate of Maersk Offshore Wind, over the delivery of a wind turbine installation vessel (WTIV), originally intended for Equinor’s Empire Wind 1 project in the United States.Under the agreement Seatrium Energy reached with Maerk’s affiliate Phoenix II A/S, the parties will discontinue all legal proceedings related to the contract
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.
China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday.The move, announced on Tuesday when the U.S. and China began charging additional port fees targeting each other's vessels
Vessels owned or operated by U.S. firms and individuals - or those built in the United States or that fly the U.S. flag - will be charged additional port fees per voyage starting on October 14, China's transport ministry said.The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry said on Friday.
The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.
The Philippines expressed serious concern on Tuesday over what it described as "dangerous manoeuvres and unlawful interference" by Chinese vessels during a coast guard supply mission for Filipino fishermen in the Scarborough Shoal on Monday."Their actions not only posed a grave danger to Philippine personnel and vessels
The American Association of Port Authorities (AAPA) and a broad coalition of every donor and energy transfer port have sent the House and Senate Appropriations Committees and the Energy and Water Development Subcommittees leaders a letter, urging them to reverse a funding diversion and restore critical support for ports through the FY2026 appropriations process.
Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%. Exxon shares were up 0.3%.CNBC first reported the arbitration outcome.
American Bureau of Shipping (ABS), Japan’s ENEOS, Nippon Yusen Kabushiki Kaisha (NYK Line) and SEACOR Holdings have launched a joint study to develop a commercial methanol marine fuel supply network along the U.S. Gulf Coast.The study aims to establish the first large-scale ship-to-ship methanol bunkering operations in the United States
The Chamber of Shipping of America has recognized 57 Crowley-owned or -managed vessels with its Jones F. Devlin Safety Awards, honoring the achievements and hard work of crews that together completed a total of 478 years without a lost time injury.The Jones F. Devlin Safety Award honors the commitment of people and companies responsible for long-term operational safety