Port of Los Angeles Increases Clean Ship Incentives

The Los Angeles Harbor Commission has approved an addendum to further accelerate clean air technologies and incentives as part of the Port of Los Angeles’ 2025 clean air Cooperative Agreement with the

Shipping Risks Repeating Stranded Asset Mistakes

Shipping lenders and investors risk repeating the mistakes made by Europe's electricity utilities and their financiers a decade ago, and the financial fallout could reach far beyond individual shipowners to lenders, investors,

L3Harris Opens Rhode Island Facility to Support Naval Readiness

L3Harris Technologies has opened a new 50,000-square-foot maritime production facility at ProvPort in Providence, marking the completion of a $6 million investment to design, produce and deliver advanced undersea training systems for

MARAD Invests $35.1m Into Small US Shipyards

U.S. Transportation Secretary Sean P. Duffy today announced that the Maritime Administration (MARAD) is delivering $35.1 million to invest in critical infrastructure and workforce development at 45 shipyards across 24 states and

US Looks to Maintain Iranian Naval Blockade "Indefinitely"

The U.S. military has enough assets to maintain a naval blockade of Iran indefinitely, Defense Secretary Pete Hegseth said on Thursday, adding ships could be rotated in and out of the region

Hegseth: Poor Conditions Aboard USS Abraham Lincoln Are False

U.S. Defense Secretary Pete Hegseth on Thursday said reports about poor conditions aboard aircraft carrier the USS Abraham Lincoln in the Middle East were "completely misrepresented.""We make sure every ship, every crew,

One Killed in Chinese Shipyard Explosion

An explosion at a shipyard in the southeastern Chinese province of Fujian on Thursday killed one fire and rescue worker, local authorities said.A fire broke out at 1:09 p.m.

Strong Vessel Demand, Rates Lift Maersk Outlook

Danish shipping group Maersk on Thursday raised its full-year earnings guidance for a second time this year and smashed profit forecasts as global container demand proved resilient in the face of the Middle

Seatrium, Golar Ink FLNG Conversion LOI

Seatrium Limited entered into a Letter of Intent (LOI) with Golar LNG Limited to advance a potential third Floating Liquefied Natural Gas (FLNG) conversion project to be undertaken by Seatrium for Golar.Under