Category: Maritime industry

Introduction

DeepOcean, a leading ocean services provider, has recently extended its charter agreements with Østensjø Rederi for three vessels. This strategic move enhances DeepOcean’s subsea services, reinforcing its position in the maritime industry. (more…)

Introduction

President Donald J. Trump has appointed Commissioner Louis E. “Lou” Sola as the new Chairman of the Federal Maritime Commission (FMC), effective January 20, 2025. This transition in leadership is significant for the maritime industry as the FMC plays a crucial role in regulating the international ocean transportation system.

(more…)

Introduction

President Trump’s comprehensive trade policy memorandum, issued on his first day in office, has significant implications for the maritime industry. The directive emphasizes an “America First” approach, focusing on trade deficits, tariffs, and supply chain security, which could impact shipping routes, freight rates, and ports in the coming years.
(more…)

Introduction

The Korea Institute of Ocean Science & Technology (KIOST) has recently accepted delivery of the Klein Marine System’s 5900 ultra-high-resolution sonar. This advanced (more…)

Introduction

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), part of South Korean conglomerate HD Hyundai, has received Approval in Principle (AIP) from the American Bureau of Shipping (ABS) for its groundbreaking hydrogen tank design. This milestone is crucial for large-scale liquid hydrogen transport and storage, (more…)

Introduction

The maritime industry faces significant challenges due to ongoing conflicts and security concerns. MSC, the world’s largest container carrier, has opted to reroute its ships around Africa’s southern tip, highlighting the

(more…)

On his first day in office, President Donald Trump signed an executive order renaming the Gulf of Mexico to the “Gulf of America.” This change highlights the Gulf’s strategic importance to the United States, with over 1,700 miles of U.S. coastline and nearly 160 million acres bordering this body of water. The name “Gulf of Mexico” dates back to 16th-century Spanish explorers, but Trump’s order emphasizes the region’s critical role in America’s energy sector, contributing approximately 14% of the nation’s crude oil production. The Gulf is also a vital economic hub, hosting some of the nation’s largest ports and supporting a thriving fishing industry. This move aligns with broader initiatives to honor American greatness, though it may face challenges from neighboring Gulf states and international maritime organizations. (more…)

Introduction

President Trump‘s potential revival of sweeping import tariffs is creating widespread uncertainty in US shipping markets. This issue is of utmost relevance to the maritime industry

(more…)

Introduction

The Trump administration has dismissed Admiral Linda Fagan, the first female Commandant of the U.S. Coast Guard, citing concerns over border security and diversity initiatives. This move highlights the administration’s focus on border security and its stance against Diversity, Equity, and Inclusion (DEI) programs. (more…)