U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday.Trump…
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Vehicle Carriers Seek Relief from USTR Port Fees
Operators of hulking car carriers are seeking relief from the U.S. Trade Representative's surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or na...
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Wartsila CEO: Tariffs to Affect Battery Storage Business, Avoiding Marine Division
Finland's Wartsila said U.S. tariffs were impacting its battery storage business while rising trade tensions could push back clients' investment decisions, after its quarterly operating earnings missed market expectations on Friday.Shares of Wartsila…
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ScottishPower’s Monopile Installation Sets Foundation for Record-Breaking Offshore Windfarm
The offshore construction program for ScottishPower’s biggest-ever renewables project is officially underway with the installation of the first foundation for the green energy company’s USD$5.3 billion (£4 billion) East Anglia THREE offshore windfarm.S...
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16th-Century Iron Salvaged From Swedish Shipwreck Offers Clues to Trade History
Swedish archaeologists are studying a rare discovery from a 16th-century shipwreck near Stockholm, hoping it will shed light on the history of trade and industry in the Baltic region and Sweden during that era.In May 2024, a barrel containing…
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Prosecutors Accuse Shipbuilder Damen of Corruption, Violating Sanctions
Dutch prosecutors said on Friday they had summoned shipbuilder Damen Shipyards on suspicion of violating EU sanctions against Russia and opened a separate case against the company and some of its executives for corruption.The company denied both sets o...
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Wind and Biofuel Power Odfjell’s First Near Carbon-Neutral Transatlantic Voyage
Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel, marking the company’s first near carbon-neutral transatlantic voyage.Real…
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Trump Order Fast Tracks Subsea Mining
President Donald Trump signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.The order, which Trump signed ...
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Outdraft Current Contributed to Ohio River Tow Strike
A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board…
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EU Requires Insurance Details from Passing Ships
The European Commission has adopted a new measure to enhance maritime safety and environmental protection around the EU’s coasts via an amendment to the Vessel Monitoring Directive (2022/59/EC).It now requires all vessels, including those merely passin...
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