United States
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Shipbuilding
China and India Halt Russian Oil Purchases Amid Sanctions
The global oil market is experiencing significant upheaval as major buyers, including China and India, pause their purchases of Russian…
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Shipbuilding
JPMorgan Chase Launches $1.5 Trillion Security Initiative
JPMorgan Chase has unveiled a groundbreaking $1.5 trillion Security and Resiliency Initiative aimed at bolstering national economic security. The initiative…
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Shipbuilding
US and Finland Unite for Arctic Security Cutters
On October 9, the White House announced a significant partnership between the United States and Finland aimed at bolstering Arctic…
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Bulk Carrier
Freight to Dodge Worst of US Port Fees Thanks to Workarounds
Starting October 14, the United States will impose significant fees on large Chinese vessels docking at its ports, a move…
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Shipbuilding
Austal USA Secures $100 Million Loan for Shipyard Expansion
Austal USA has announced a significant $100 million loan agreement with Export Finance Australia (EFA) aimed at enhancing its shipyard…
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Shipbuilding
Micah Mallace Appointed New CEO of SC Ports
The South Carolina Ports Authority (SC Ports) has officially named Micah Mallace as its new President and Chief Executive Officer,…
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Shipbuilding
Colonna’s Shipyard invests $79M to build 4th drydock
Norfolk-based Colonna’s Shipyard, the oldest continuously operating family-owned shipyard in the United States, has announced a significant investment of $79…
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Shipbuilding
US Port Fees Spark Tensions with China
As the countdown to new port fees begins, tensions escalate between the United States and China. The U.S. Trade Representative…
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Bulk Carrier
28,000 tonnes of Algerian white cement exported despite U.S. tariffs
Algeria’s Biskria Ciment has successfully exported 28,000 tonnes of white cement to the United States despite facing a significant 30%…
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Shipbuilding
DEME’s new offshore construction vessel to be built in China, delivery in 2028
DEME Group has announced the order of a state-of-the-art offshore construction vessel (OCV) designed for trenching, burial, and cable-laying operations.…
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