The American Great Lakes Ports Association has signed a Memorandum of Understanding (MoU) with the Great Lakes Alliance of Shipyards to advance shared priorities in domestic shipbuilding and commerce.The MoU marks the first formal partnership between the U.S. Great Lakes port and shipyard communities.
For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints, rising electricity demand and water scarcity are making floating nuclear power a more serious proposition for policymakers, utilities
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.The chief executives of ExxonMobil, TotalEnergies, Shell, Chevron and BP had all been expected at the event, which began on Sunday
Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday.Following the start of the US-Israeli war on Iran at the end of February, Iran effectively closed the Strait of Hormuz
Nearly 500 maritime and transportation industry leaders gathered on the evening of Wednesday, May 20, at The Lighthouse at Chelsea Piers for the sold-out 32nd International Maritime Hall of Fame Awards dinner hosted by the Maritime Association of the Port of New York and New Jersey (MAPONY/NJ).
Oil prices edged higher on Thursday, as investors monitored peace talks between the United States and Iran, while supply tightness and U.S. inventory drawdowns provided some support.Brent crude futures LCOc1 rose 40 cents, or 0.4%, to $105.42 a barrel by 0809 GMT, and U.S. West Texas Intermediate futures CLc1 were up 50 cents, or 0.5%, at $98.76.Both benchmarks dropped around 5.
Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.Brent crude futures LCOc1 advanced $5.51, or 6.1%, to $95.89 a barrel by 0752 GMT and U.S. West Texas Intermediate CLc1 was up $5.46, or 6.5%, at $89.31.
Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive day.The war has blocked the world's most important oil artery the Strait of Hormuz which is responsible for 20% of global oil and LNG supply.
Ocean services provider DeepOcean has secured an extension to its existing frame agreement with Equinor for the provision of subsea inspection, maintenance, and repair (IMR) services.As a part of the renewal, DeepOcean will deploy specialized IMR vessels, along with comprehensive subsea services, throughout 2026 and into 2027.
Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters to Hong Kong.The celebrations will be marked by a special event on November 12, 2025 in the presence of Guest of Honour Hong Kong Finance Secretary, commemorating 100 years since the relocation—22 years after Norwegian shipbroker and agent Haakon Wallem formed Wallem & Co. in 1903.