Us News
NOAA Ship Rainier to Map Critical Mineral Deposits in Pacific US Waters
In early April, NOAA Ship Rainier will begin to map and characterize more than 8,000 square nautical miles of federal waters off Kingman Reef and Palmyra Atoll in the Pacific Ocean. This project is part of the Department of Commerce's implementation of the U.S. Offshore Critical Minerals Mapping Plan, as described in President Trump’s Executive Order 14285: Unleashing America's Offshore Critical Minerals and Resources.Rainier is a hydrographic survey ship staffed by NOAA Corps Officers and professional mariners.
DOE Relocates Headquarters in DC
The U.S. Department of Energy (DOE), in partnership with the U.S. General Services Administration (GSA), announced that DOE’s headquarters will relocate from the James V. Forrestal Building to the Lyndon B. Johnson (LBJ) building. LBJ currently serves as the headquarters for the U.S. Department of Education (ED).The relocation to the LBJ building will save taxpayers over $350 million in deferred maintenance and modernization costs.The LBJ building has been modernized to a Class A building with minimal deferred maintenance.
Carnival Corp Slashes Annual Profit Forecast Due to Rising Fuel Costs
Carnival Corp cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator's margins amid rising geopolitical tensions.Attacks on oil and transport facilities across the Middle East and disruptions to energy flows through the Strait of Hormuz, which carries about a fifth of global oil flows, since the Iran war outbreak, have disrupted global supply and pushed up oil prices.The spike threatens Carnival's profits as it is the only major U.S. cruise line that typically does not hedge fuel.Carnival expects full-year adjusted earnings per share to be about $2.21…
Oil Tanker Loaded with Russian Fuel Arrives in Venezuelan Waters, Bound for Cuba
A tanker carrying some 200,000 barrels of Russia-origin fuel originally bound for Cuba has arrived in Venezuelan waters, LSEG ship-monitoring data showed on Friday.The Hong Kong-flagged vessel Sea Horse, which this year loaded Russia-origin diesel through a ship-to-ship transfer, earlier this month rerouted from Cuba to Venezuela after remaining stuck in the Atlantic Ocean for weeks, a blow for the oil-thirsty island that has seen several power blackouts this month.It was unclear why the Sea Horse had been stranded at sea, or why it had changed course to Venezuela.The administration of U.S.
Russia's Threatens to Divert LNG Cargo From Europe, Options Limited
Russia's threat to halt liquefied natural gas (LNG) deliveries to Europe and divert cargoes to Asia would prove difficult to achieve because of its long-term contracts and need for more Arctic-class tankers, industry analysts said.President Vladimir Putin said in a TV interview early in March that Russia could stop gas supplies to Europe with immediate effect and seek longer-term commitments from other buyers.The impact of the U.S.-Israeli war on Iran has caused a surge in gas prices…
Chinese Container Ships Turn Back After Trying to Exit Strait of Hormuz
Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from Iran that Chinese vessels could pass.The operator, China's COSCO, had said in a March 25 client advisory that it had resumed bookings for general cargo containers for shipments from Asia to the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait and Iraq.The CSCL Indian Ocean and CSCL Arctic Ocean, both Hong Kong flagged, have been stuck in the Gulf since the U.S.-Israeli war with Iran began on Feb.
U.S. Great Lakes Shipping Stands Still Due to Ice Conditions, Lack of Icebreakers
A little over a day and half since the Soo Locks opened providing access to Lake Superior and critical raw materials like iron ore, and the U.S.-flagged Great Lakes commercial fleet is at a standstill in the St. Marys River and Whitefish Bay, the critical connection between Lakes Superior and all other Great Lakes.The only way into Lake Superior is through the St. Marys River and Whitefish Bay, but ice conditions and a lack of a heavy U.S. Coast Guard icebreaker are creating substantial delays for American shipping and manufacturing. Some U.S.
UAE Stands Ready to Join Force to Reopen Strait of Hormuz
The United Arab Emirates has told the U.S. and other Western allies it would participate in a multinational maritime taskforce to reopen the Strait of Hormuz, the Financial Times reported on Friday, citing people familiar with the matter.The UAE is trying to push dozens of countries to create a “Hormuz Security Force” to defend the strait from Iranian attacks and escort shipping, the report added.The UAE has faced more Iranian attacks than any other country in the region, including Israel.Several U.S.
Russia’s Lavrov Says US Seeking Control of Nord Stream Gas Pipelines
Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three years ago largely severed Russian gas transit to Europe, squeezing energy supplies on the continent although Russia had already largely stopped deliveries.Russia and Western countries have both said the incident was an act of sabotage.
Thordon Bearings Appoints Engineering Leads
Thordon Bearings has announced two significant appointments which reinforce its commitment to meet growing demand for high performance, pollution-free seawater-lubricated bearings and seals in commercial shipping.Anthony Hamilton has been appointed VP of Engineering and Product Development of Thomson-Gordon Group (TGG), the parent company of Thordon Bearings, with a mission to leverage group-wide capabilities in growing its merchant marine business.Based in Burlington, Ontario, Canada, Hamilton has led TGG’s engineering and new product development as Technical Director since 2021.
BIMCO: 130 Container Ships Stranded in Persian Gulf
BIMCO has released its Container Shipping Market Overview & Outlook March 2026 saying the Iran war amplifies outlook uncertainty."Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result, around 130 container ships, totalling about 1.5% of the global fleet’s capacity, are stranded in the gulf. The war has added uncertainty to an outlook that was already obscured by ever changing US tariffs…
Crosby Enterprises, LLC Announces Voluntary Chapter 11 Filings to Facilitate Financial Restructuring for Three Subsidiaries
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026. The focus of the filings is to restructure the Company’s secured debt to improve the Company’s financial position, all while maintaining the Company’s position as a regional…
UK Authorizes Military to Board Russian Shadow Tankers in British Waters
Prime Minister Keir Starmer said on Thursday he had authorised the military to board and detain Russian ships in British waters to disrupt a network of vessels that his government says enables Moscow to export oil despite Western sanctions.The decision comes as other European nations, including France, Belgium and Sweden, have stepped up efforts to detain Russia's so-called shadow fleet of tankers used by Moscow to fund its four-year war against Ukraine.Starmer said he approved…
Houthis Stand Ready to Join Iran War, Additional Shipping Risk
Yemen's Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and trade chaos during the Gaza war, stands ready to strike the key waterway again in solidarity with Tehran, one Houthi leader told Reuters, a move that would deepen a global oil and economic crisis brought on by the Middle East war.If the Houthis open a new front in the conflict, one obvious target would be the Bab al-Mandab Strait off the coast of Yemen, a key shipping chokepoint…
CMA CGM Partners with Neoline
CMA CGM is making Neoline's wind-powered vessel Neoliner Origin directly accessible to its customers.The company says this low-carbon solution will strengthen its service offering between France and North America.Customers will now be able to use direct round-trip connections from Montoir (France) to Baltimore (US) and Halifax (Canada).The Neoliner Origin’s innovative propulsion system offers an environmentally friendly solution, significantly reducing greenhouse gas emissions by up to 80%-90% during ocean crossings.The new service is designed to accommodate a variety of commodities…
UK Authorises Military to Board Russian Shadow Fleet Tankers
British Prime Minister Keir Starmer said on Wednesday he has given the military permission to board and detain Russian ships his government alleges are part of a network of vessels that enables Moscow to export oil despite Western sanctions.The decision comes as other European nations have stepped up efforts to disrupt Russia's so-called shadow fleet of tankers used by Moscow to fund its four-year war against Ukraine.Starmer said he approved more aggressive action against the…
Freeport CEO Says Iran War Could Delay New US LNG Projects
Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston.The U.S. is the world’s largest LNG exporter and has more new capacity under construction than any other country.Smith said the conflict’s impact could extend beyond oil and gas supply chains, affecting key materials such as steel and…
Two Ships Entangled on Mississippi River
The US Coast Guard is responding after two vessels, the general cargo ship Pac Dubhe and the bulk carrier African Buzzard, collided and subsequently grounded near mile marker 124.5 on the Mississippi River on Monday.The African Buzzard is currently aground. The two vessels are entangled, with the African Buzzard’s anchor lodged in the front of the Pac Dubhe.Both vessel operators are conducting comprehensive assessments to develop salvage plans for submission to the Coast Guard and have tugboats alongside.There are no reported injuries to crew members…
Oil Rises as Ceasefire Optimism Fades
Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S. proposal to end the war, but has no intention of holding talks to end the Middle East conflict, Iran's foreign minister said on Wednesday.U.S.
Iran War Sends LNG Prices Soaring, Curbing Asia Demand
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between 460 million and 484 million metric tons as new capacity, mainly in the U.S. and Qatar, came online, with demand forecast to grow in tandem.Now…
Iran War Energy Shock Pushes Europe to Rethink Climate Policies
The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on imported oil and gas. Around 8% of its liquefied natural gas (LNG) comes from the Middle East through the all-important Strait of Hormuz, which remains mostly blocked.European benchmark gas prices TFMBMc1have jumped more than 60% since the conflict began…
Iran Grants Malaysian Vessels Safe Passage Through Strait of Hormuz
Malaysia's Prime Minister Anwar Ibrahim said on Thursday he had spoken to the leaders of Iran, Egypt, Turkey and other regional countries and said Malaysian vessels were now being allowed to pass through the Strait of Hormuz.Anwar in a televised address thanked Iran's president for allowing the passage of Malaysian ships."We are now in the process of releasing the Malaysian oil tankers and the workers involved so that they may continue their journey home," he said.Anwar said he talked with Iran and other countries as part of efforts to facilitate peace in the Middle East."But it is not easy, a
Maraen Approves $40M Port of Nigg Upgrade After Rebrand
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services, after their acquisition by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL) in 2025.The company said a final investment decision has been taken to develop a new heavy-duty quay and roll-on/roll-off capability at the port…