Vice Adm. Joe Buzzella Assumes Command of USCG Pacific Area and Defense Force West
The U.S. Coast Guard (USCG) held a formal assumption of command ceremony for Vice Adm. Joe Buzzella as he assumed the duties and responsibilities of U.S. Coast Guard Pacific Area and Defense Force West Commander during an event Thursday, at Coast Guard Island in Alameda.Adm. Kevin Lunday, commandant of the U.S. Coast Guard presided over the ceremony. Senior Coast Guard leadership and distinguished guests joined in recognizing Vice Adm. Buzzella’s commitment to leading the Service.Vice Adm.
Gas Majors Oppose Australia LNG Windfall Tax as Prices Surge
Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia became the world's second-largest LNG supplier after Iranian strikes forced Qatar to halt production, with its export revenue set to surge due to lower supply caused by the conflict.Canberra is weighing options to capitalise on the higher prices…
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.
Oil Prices Rise As Iranian Attacks on UAE Continue
Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent crude futures gained $1.33, or 1.3%, to $101.53 a barrel by 1515 GMT while U.S. West Texas Intermediate (WTI) crude advanced $1.21, or 1.3%, to $94.71.The U.S.-Israeli war on Iran shows no signs of abating. While oil futures have not repeated the brief surge to nearly $120 a barrel from earlier in the month…
Oil Tankers Trickle Through Strait of Hormuz, US Economy Not Impacted
Oil tankers are crossing the Strait of Hormuz and Iran's actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration's position that the war should be over in weeks, not months."Already you're seeing tankers are starting to dribble through the straits, and I think it's a sign of how little Iran has left," he said."We're very optimistic that this is going to be over in the short run…
GSI is Preferred Builder for Ferry Newbuilds
Caledonian Maritime Assets Limited (CMAL) has named Guangzhou Shipyard International Co., Ltd (GSI) as the preferred bidder to build two new freight flex ferries for Scotland’s Northern Isles service, marking a key step forward in the procurement process.The contract, which remains subject to a mandatory 10-day standstill period, covers the construction of two 140-meter vessels that will replace the Helliar and Hildasay on the Aberdeen to Kirkwall/Lerwick route operated by Serco NorthLink Ferries.Designed to boost both capacity and performance…
Gulf States Press US to Neutralize Iran
Gulf Arab states did not ask the U.S. to go to war with Iran, but many are now urging it not to stop short by leaving the Islamic Republic still able to threaten the Gulf’s oil lifeline and the economies that depend on it, three Gulf sources told Reuters.At the same time, these sources and five Western and Arab diplomats said Washington was pressing Gulf states to join the U.S.-Israeli war. According to three of them, President Donald Trump wants to show regional backing for the campaign…
US-Israel War with Iran Sends Oil Above $100
The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia, while the Aussie AUD= and even the safe-haven Swiss franc CHF= similarly tumbled, as the dollar proved king."The U.S. dollar's finding no shortage of support from traditional haven considerations and obviously…
Coast Guard Announces Passing of Petty Officer Tyler Jaggers
Coast Guard Petty Officer 2nd Class Tyler Jaggers, an aviation survival technician assigned to Air Station Astoria, Oregon, passed away the evening of March 5, 2026, as a result of critical injuries suffered during the rescue of a distressed mariner from a commercial ship offshore of Oregon on February 27.As part of an MH-60 Jayhawk helicopter crew from Air Station Astoria, Jaggers was injured while responding to a medical emergency aboard the commercial motor vessel Momi Arrow…
Port of the Future 2026: A Look Back, a Path Forward
A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston, March 23-25.Q: What inspired the creation of the Port of the Future Conference?The idea started in 2019 with Dr. Tony Ambler at the University of Houston. The vision was to create an annual event focused on the future of ports—one that would connect the maritime industry with universities…
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships
The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf.The move marks one of the administration’s most aggressive steps yet to attempt to contain soaring energy prices amid escalating conflict in the Middle East that has raised risks to shipping through key waterways.Global crude prices have spiked since Israeli and U.S.
Supertanker Costs Hit All-Time High as Iran Threatens Strait of Hormuz Closure
Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.Shipping through the Strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near halt after vessels in the area were hit as Iran retaliated against U.S. and…
Panama Canal, USGBC Sign MOU to Enhance US Agricultural Trade
The Panama Canal and the U.S. Grains & BioProducts Council (USGBC) signed a Memorandum of Understanding (MOU) designed to strengthen their collaboration through the enhancement of global trade with U.S. agricultural products. Under the terms of the MOU, the Panama Canal and USGBC will collaborate on joint market efforts like economic analysis, as well as sharing trade and logistical data. Through this type of cooperation, the partnership will support an increasing international demand for U.S.
USCG Commandant Outlines Investments at Senate Hearing
The U.S. Coast Guard is accelerating long-term investments in cutters, aviation assets and autonomous systems following what service leaders described as a historic infusion of funding from Congress in 2025, according to testimony before the Senate Commerce Committee.During the hearing, Senator Roger Wicker (R-Miss.) pressed Admiral Kevin Lunday, Commandant of the United States Coast Guard, on how the service is translating recent budget increases into operational capability, particularly in the Indo-Pacific.Adm.
James Fisher Backs US Autonomous Vessel Firm Ocean Aero
James Fisher and Sons has invested in U.S.-based autonomous marine technology company Ocean Aero, taking a strategic minority stake as part of Ocean Aero’s Series D funding round.The investment increases James Fisher’s exposure to autonomous and low-emission marine technology and supports the development and deployment of Ocean Aero’s Triton Autonomous Underwater and Surface Vehicle (AUSV), a wind- and solar-powered platform designed to operate without onboard crews.Ocean Aero designs…
Kevin E. Lunday Sworn in as Commandant of the U.S. Coast Guard
The United States Coast Guard held a formal swearing-in and assumption of command ceremony on Thursday for Adm. Kevin Lunday as the 28th Commandant of the U.S. Coast Guard.Secretary Kristi Noem joined senior Coast Guard leadership, members of the Joint Force and distinguished guests in recognizing the transition of command and Adm. Lunday’s commitment to leading the Service.“President Trump’s plan was simple when he became President of the United States. He wanted to revitalize the Coast Guard…
Adm. Kevin E. Lunday to Assume Command of the U.S. Coast Guard
Adm. Kevin E. Lunday will officially be sworn in as the 28th Commandant of the United States Coast Guard during an Assumption of Command Ceremony. The ceremony will be presided over by the Secretary of Homeland Security Kristi Noem.WHAT: Commandant’s assumption of command ceremonyWHEN: Thursday, January 15, 2026 at 11 a.m.WHERE: The ceremony will be streamed live for public viewing at: https://www.dvidshub.net/webcast/37352For more information, please contact the U.S. Coast Guard Headquarters media relations office at [email protected].
USCG Awards Icebreaker Vessel Construction Contracts
The U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers between the United States and Finland..Contracts were awarded to Rauma Marine Constructions Oy of Rauma, Finland, and Bollinger Shipyards Lockport, L.L.C. of Lockport, Louisiana, and are the result of President Donald Trump and Secretary of Homeland Security Kristi Noem’s international agreements with Finland and the historic investments authorized in the President’s One Big Beautiful Bill Act.The Arctic Security Cutters will defend U.S.
USCG Awaits Additional Forces to Before Seizing Venezuela-Linked Tanker
The U.S. Coast Guard is waiting for additional forces to arrive before potentially attempting to board and seize a Venezuela-linked oil tanker it has been pursuing since Sunday, a U.S. official and a source familiar with the matter told Reuters.The ship, which maritime groups have identified as the Bella 1, has refused to be boarded by the Coast Guard. That means that the task will likely fall to one of just two teams of specialists - known as Maritime Security Response Teams - who can board vessels under these circumstances…
U.S. Coast Guard Authenticates Keel for Offshore Patrol Cutter
The Coast Guard authenticated the keel for the future Coast Guard Cutter Pickering during a ceremony Monday in Mobile, Alabama. Keel authentication is a time-honored shipbuilding tradition marking the formal start of a vessel’s construction. During the ceremony, the sponsor’s initials are applied to a ceremonial keel plate that will be installed on the cutter, symbolically indicating the keel is “truly and fairly laid.” Adm. Kevin Lunday, acting commandant of the Coast Guard, attended the event along with Rep.
US, Australia Sign Critical Minerals Agreement, Back Submarine Deal
U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement aimed at countering China on Monday at a meeting marked by Trump's jab at Australia's envoy to the United States over past criticism.China loomed large at the first White House summit between Trump and Albanese, with the U.S. president also backing a strategic nuclear-powered submarine deal with Australia to bolster security in the Indo-Pacific.While Trump and Albanese greeted each other warmly, the U.S. president expressed ire about past criticism of him by Australia's U.S.
Finland Court Rules It Lacks Authority in Baltic Sea Cable Breach Trial
A Finnish district court ruled on Friday that it does not have jurisdiction to prosecute the captain and two officers of the Eagle S oil tanker, who are accused of breaking undersea power and internet cables in the Baltic Sea last year.Finland has said the Eagle S is part of a shadow fleet of tankers used by Russia to circumvent sanctions on its oil exports. The December 25 incident was one of a string of cable and gas pipeline outages in the Baltic Sea since Russia invaded Ukraine in February 2022, putting NATO forces in the region on high alert.
In Memoriam: Captain Charles Robert MacVean, USN, (Ret.), PhD
In Memoriam: Captain Charles Robert MacVean, USN, (Ret.), PhDMarch 22, 1937 – September 10, 2025The book, Blind Man’s Bluff, describes the secret USN submarine operations known as “The Projects.” It begins with the opening line, “There was something about Commander Charles R. MacVean that had a way of inspiring legend.” Authors Sontag and Drew narrowed that “something” down to “his sense of humor and humanity.” Even in the toughest of situations, MacVean radiated calm assurance and situational command.