President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle…
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Dearth of Finance Kills Shipyard Sale
Russia's second-largest lender VTB's deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei Kostin said on Tuesday.VTB...
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Xenos Marine Acquires Heavy Lift Vessel
Xenos Marine recently acquired the VB-10,000 Heavy Lift Vessel which is currently in dry dock in Galveston, Texas. The asset will be renamed TX-10,000 at a christening ceremony in Galveston on March 23, 2025. TX-10,000 is the largest US Flagged and Jon...
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As Hostilities Resume, Red Sea Insurance Rates Hold FIrm
The cost of shipping goods through the Red Sea is expected to remain firm after the United States carried out further airstrikes on Yemen on Monday, adding to fears of new attacks on ships by the Iran-aligned Houthis targeted by Washington,…
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DOE Approves LNG Export Authorization
U.S. Secretary of Energy Chris Wright approved a liquefied natural gas (LNG) export authorization to the Venture Global CP2 LNG export project proposed for Cameron Parish, Louisiana.The issuance to CP2 marks the fifth LNG-related approval from DOE sinc...
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Iraq Seizes Suspected Fuel Smuggling Ship
Iraqi naval forces have seized an unidentified ship in Iraqi territorial waters in the Gulf suspected of smuggling fuel, the naval forces said in a statement.Fuel smuggling is common in Gulf waters, where heavily subsidised fuel from some countries…
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Philippines Look to Include India, South Korea in Squad Group
The Philippines and its allies are trying to expand the Squad grouping of nations to include India and South Korea to counter China in the Indo-Pacific region, the Philippines' Armed Forces chief General Romeo S. Brawner said on Wednesday.The…
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Bosphorus Strait Traffic Suspended After Engine Failure
Traffic was suspended in Turkey's Bosphorus strait on Wednesday after a general cargo ship had an engine failure during northbound transit through the strait that runs through Istanbul, shipping agent Tribeca said.Tribeca said that the Vanatu-flagged s...
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Research Vessels: A Conversation with Bruce Applegate of UNOLS
The U.S. oceanographic research community depends on a complex network of ships and institutions for scientific discovery at sea. The University-National Oceanographic Laboratory System (UNOLS) is the central organization that provides scientists…
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Uncrewed Maritime Vessels Must Leverage AI
In September 2024, the 33rd Chief of Naval Operations, Admiral Lisa Franchetti, issued her Chief of Naval Operations Navigation Plan for America’s Warfighting Navy. This Navigation Plan embodies “Project 33” in recognition of the fact that Admiral Fran...
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