The developer of a major U.S. offshore wind project warned that it will cancel the Empire Wind facility off the coast of New York if it cannot reach a resolution over a stop-work order issued by the Trump administration in the coming days.Molly Morris,...
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Egypt’s Suez Canal Chief Shares Possible Discounts on Transit Fees
Egypt's Suez Canal chief Osama Rabie said they are considering offering discounts ranging from 12% to 15% on transit fees.His statement came after revenue from the strategic canal continued to plunge on the back of attacks on shipping by Yemen's Houthi...
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Japanese Shipbuilding Cooperation: A Potential U.S. Tariff Bargaining Chip
Japan's Ishiba signals increasing corn imports as part of US trade talksJapanese Prime Minister Shigeru Ishiba on signalled that increasing corn imports from the U.S. would be among options in trade negotiations with Washington, but warned Japan…
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US Virgin Islands involved in US Ship Registry Proposal, governor says
The U.S. Virgin Islands (USVI) is involved in a proposal that aims to create a US international ship registry domiciled in the U.S. territory, the island's governor said.President Donald Trump's administration is considering the proposal as…
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Cavotec Signs $8.99 Million Shore Power Order
Cavotec has signed an order valued at USD$8.99 million (EUR 8.1 million) with a leading global container shipping company to deliver complete shore power systems for newly built container vessels. The order includes cable management reels and weatherpr...
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Sanctions Buster: Traders Rebrand Venezuelan Oil for China as ‘Brazilian’ – sources
Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S.
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USGC: Safety Concerns Regarding Fixed Gas Fire Extinguishers on Vessels
The Coast Guard has identified a recurring safety concern involving fixed gas fire extinguishing systems on vessels. In multiple cases, safety pins were left in the service or maintenance position after system servicing by certified technicians…
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Silverback Marine Contracted to Build First PETESTEP Law Enforcement Vessel
Silverback Marine has announced its partnership with Sweden-based company PETESTEP to develop a high-performance law enforcement boat for the New Mexico State Parks Rangers.The patented PETESTEP technology differs from the SPRAYWATER shape and traditio...
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Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade
The Panama Canal Administrator, Dr. Ricaurte Vásquez Morales, delivered the 43rd Annual William A. Patterson Distinguished Transportation Lecture at Northwestern University this week, in which he laid out the crucial role the Panama Canal has…
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