20

Nov

US Trade Deficit Narrowed in August After Tariffs Set In

(Bloomberg) — The US trade deficit decreased in August as various tariffs introduced by President Donald Trump took effect, according to official data released...

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20

Nov

APM Terminals to Invest $550 Million in Peru with Major Callao Port Expansion

CALLAO, Peru, Nov 19 (Reuters) – APM Terminals, a Dutch port operator, plans to invest $550 million to expand the Callao port in Peru starting in January, acco...

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20

Nov

BOEM Announces Second Gulf Lease Sale Under Energy Expansion Program

The Bureau of Ocean Energy Management has revealed plans for its second offshore oil and gas lease sale, part of the One Big Beautiful Bill Act. This sale...

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19

Nov

Egypt’s Suez Canal Container Terminal Completes $500 Million Expansion

The Suez Canal Container Terminal in East Port Said has opened a significant expansion that increases its annual capacity by 2.2 million TEUs, making the tota...

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19

Nov

Atlantic LNG Freight Rates Surge to Highest Since Early 2024

By Sing Yee Ong and Stephen Stapczynski (Bloomberg) — The cost of transporting liquefied natural gas (LNG) across the Atlantic Ocean has reached its highest le...

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19

Nov

Navy Commissions Final Independence-Class Littoral Combat Ship as Troubled Program Winds Down

The U.S. Navy has officially commissioned the USS Pierre (LCS 38), the last of the 19 Independence-variant littoral combat ships, in a ceremony held in Panama...

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19

Nov

Dutch Offshore Giant Allseas Bets on Small Nuclear Reactors

Allseas has published results from an independent impact study that suggests its Small Modular Reactor (SMR) technology could greatly benefit the Dutch econom...

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19

Nov

Maersk chooses Charlotte, North Carolina for its  North American Headquarters

A.P. Moller-Maersk (Maersk) announced today that it has chosen Charlotte as its official North America headquarters. The company plans to add over 500 jobs to...

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19

Nov

Single Loose Wire Caused Dali’s Catastrophic Bridge Strike, NTSB Concludes

A labeling band on a single signal wire was the cause of the electrical blackout that led to the collision of the containership Dali with Baltimore's Francis S...

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