On April 30, Senator Mark Kelly (D-AZ), together with several original co-sponsors, reintroduced the SHIPS for America Act in the U.S. Senate, first introduced in December 2024, divided into two bills. Companion legislation was also introduced in the U.S. House of Representatives by Rep. Trent Kelly (R-MS) and Rep. John Garamendi (D-CA). This is a major, historic effort to revitalize the U.S.
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
Domestic U.S. shipping interests are closely monitoring a United States Trade Representative (“USTR”) proposal for import and export trades involving Chinese vessels. There is an ongoing Section 301 investigation prompted by domestic industry concerns about China’s industrial ambitions in sectors that are critical to U.S. economic and national security.
President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S. Virgin Islands as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, according to four sources familiar with the matter.Increasing the number of U.S.
Reproduced Courtesy NH JournalThere has been a lot of discussion in New Hampshire lately about the effectiveness of a pro-American law that has been providing national and economic security for the United States for many years. I want to provide some stakeholder’s perspective and perhaps add some context as to how this issue relates to New Hampshire.
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft.
Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest, according to a new report from Maritime Strategies International (MSI).In its third quarter offshore support vessel (OSV) sector report MSI notes that of the 17 vessels delivered to date in 2024, 13 were ordered more than a decade ago
Crewmembers aboard a Washington State Ferries vessel helped to rescue three boaters and a dog after their small vessel capsized near Bremerton, Wash.The crew aboard Jumbo-class ferry Walla Walla rescued a person and a dog near the Bremerton terminal Tuesday evening, according to WSF.
Tidewater announces the retirement of President and CEO Todd Busch, effective June 30, and current COO Johan Sperling will step into the role of President & CEO on July 1."Todd's leadership has been nothing short of remarkable," said Johan Sperling. "His vision and dedication have set a strong foundation for Tidewater's future.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by four to 576 in the week to Jan. 24.
Houston-based offshore engineering firm Friede & Goldman (F&G) announced it has completed model testing for its BargeRack offshore wind feeder solution at the MARIN maritime research institute in the Netherlands, bringing F&G closer to commercializing the technology.The BargeRack, a modular solution that enables wind turbine installation vessels (WTIV) to lift feeder barges for lifting offshore
Covington, La. based offshore service provider Hornbeck Offshore Services announced that the U.S. Department of the Navy Office of Small Business Programs recently approved a Mentor Protégé Agreement between the company and Next Generation Logistics (NGL).The Mentor Protégé Program helps small businesses like NGL expand their footprint in the defense industrial base through the development of