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Brazil Offshore Oil Hit by Regulator’s Crackdown on Drilling

Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a...

ABS Greenlights XXL Floating Wind Platform Design for Deepwater

The approval marks a significant advancement in floating offshore wind energy technology.ABS says innovative design features slip-formed cylindrical concrete hulls and incorporates a hybrid...

Asia-Europe Container Spot Rates Find a Floor—For Now

This week’s FAK rate hikes introduced by carriers on the Asia-Europe trades managed to arrest 13 weeks of successive spot freight rate declines.All the...

U.S. National Hurricane Center Delivered Its Most Accurate Forecasts Ever in 2024

The 2024 season set new records across all forecast intervals while facing unique challenges in intensity prediction.The 2024 Atlantic season proved exceptionally active, surpassing...

CMA CGM Considering Building Containerships in U.S., CEO Says

“We are in talks with several shipyards to see how long it would take and at what cost,” he said in an interview published...

Trump Administration Removes LNG Bunkering Barriers, Paving Way for Industry Growth

The new order modifies a previous directive issued by the Biden Administration to JAX LNG in December 2024 that had imposed additional oversight on...

U.S. Senators Launch Strategic Ports Reporting Act to Counter Growing Chinese Maritime Influence

The Strategic Ports Reporting Act, introduced by Senators Mark Kelly (D-AZ), Ted Budd (R-NC), and Rick Scott (R-FL), would require the Secretary of State...

World’s Largest Iceberg A23a Runs Aground Near South Georgia Island

This trillion-tonne ice giant, comparable in size to Rhode Island, began its journey when it calved from Antarctica’s Filchner Ice Shelf in 1986.After remaining...

CK Hutchison to Sell Panama Port Assets at Center of Geopolitical Storm

The transaction covers two major components: Hutchison Port Holdings’ (“HPH”) 90% interest in Panama Ports Company, which operates the strategically important Balboa and Cristobal...

Navy Shipbuilding Crisis: GAO Finds Billions Spent Without Strategy as Fleet Goals Remain Unmet

The report, titled “Shipbuilding and Repair: Navy Needs a Strategic Approach for Private Sector Industrial Base Investments,” reveals a concerning disconnect between the Navy’s...
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