China Classifies US Shipbuilding Probe as a 'Serious Violation' of WTO Rules
The U.S. probe targeting China's maritime, logistics and shipbuilding sectors is a "serious violation" of World Trade Organization rules and an outright protectionist act…
APA Applauds Withdrawal of NARW Speed Restriction Regulations
On January 16, 2025, the National Marine Fisheries Service (NMFS) formally withdrew its August 1, 2022, Notice of Proposed Rulemaking (NPRM) that sought amendments to the North Atlantic Right Whale Vessel Strike Reduction Rule that would have had the unintended consequences of endangering pilots, weakening navigation safety, and damaging the maritime supply chain on the East Coast. While the American Pilots’ Association (APA) announced that it welcomes the proposal’s withdrawal…
Shipbuilder Resumes Trading of Shares
Swan Defense and Heavy Industries Limited (SDHI), a private player in commercial & defence shipbuilding, ship repairs, and heavy fabrication in India, will recommence trading of its shares at BSE/NSE under the script code – 533107/SWANDEF. The shares will be available for trading with effect from January 20, 2025.Swan Energy Limited gained management control of Swan Defense and Heavy Industries Limited in January 2024.
SouthCoast Wind gets final BOEM nod
The Bureau of Ocean Energy Management (BOEM) today announced its approval of the Construction and Operations Plan for the SouthCoast Wind Project. This is the final approval needed for the project from BOEM following the Department of the Interior’s December 2024 Record of Decision. “We are proud to announce BOEM’s final approval of the SouthCoast Wind project, the nation’s eleventh commercial-scale offshore wind energy project…
Baldwin Applauds Shipbuilding Report, Calls on Trump to Act
U.S. Senator Tammy Baldwin (D-WI) is applauding the newly released report from the United States Trade Representative outlining how China has used unfair trade practices to undercut American shipbuilding, hurting American workers, businesses, and national security.Senator Baldwin called on the administration to fight China’s unfair trade practices, leading her colleagues in support of the United Steelworkers’…
Oil set for fourth week of gains on US sanctions
Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.Brent crude futures were down 41 cents, or 0.5%, at $80.87 per barrel by 11:30 a.m. ET (1630 GMT), having gained 1.4% this week. U.S. West Texas Intermediate crude futures were down 89 cents, or 1.1%, at $77.81 a barrel…
Port of Long Beach Marks 20 Years of Leading Green
The Port of Long Beach is accomplishing its environmental, operational and commercial goals and is setting its sights on even greater achievements in the years ahead, CEO Mario Cordero said Thursday during his eighth annual State of the Port address.While reflecting on the Port’s record-setting 2024, with 9.6 million cargo containers moved with zero disruptions or backlogs, Cordero said Long Beach is making progress in transitioning operations to zero emissions…
FSG Nobiskrug Shipyards negotiations at "advanced stage"
FSG Nobiskrug shipyards has received several offers from potential investors. These are industry-related companies from Germany, not financial investors.This was reported by the provisional insolvency administrators Dr Christoph Morgen and Hendrik Gittermann at an event in Rendsburg on 17 January. The occasion was the visit of Schleswig-Holstein's Prime Minister Daniel Guenther and State Minister of…
Baltic Index logs second straight weekly drop
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% this week.
Sanmar to Build Fully Electric Tug
Sanmar has signed a contract with major towage and marine services provider Svitzer to build a fully electric tug to be deployed in Scandinavia to provide services between Denmark and Sweden.The Denmark-headquartered global operator has ordered a new ASD, 1,818 kWh, 70-ton bollard pull, tugboat based on the exclusive-to-Sanmar ElectRA 2500-SX design from Canadian naval architects Robert Allan Ltd.Measuring 25.4m LOA…
Industry Executives: Red Sea too risky even after Gaza ceasefire
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.The leader of Yemen's Houthis said on Thursday that the Iran-aligned group would monitor the implementation of a ceasefire deal between Israel and…
Philippine Navy Drills Near Scarborough Shoal
The Philippine navy said on Friday its ships were holding drills near a contested shoal in the South China Sea, a day after Manila and Beijing agreed to seek common ground and find ways to cooperate despite ongoing disputes.The exercise around the Scarborough shoal, one of Asia's most hotly contested areas, was aimed at enhancing the navy's capability to secure what it said were Philippine waters and the country's territorial integrity…
