krogragg

Category: United States

  • Captain of aircraft carrier involved in collision off Egypt dismissed

    Captain of aircraft carrier involved in collision off Egypt dismissed The US Navy has decided to relieve the commanding officer of the USS Truman – the nuclear-powered aircraft carrier that had a collision with a bulk carrier off Egypt last week. Captain Dave Snowden was relieved Thursday for “loss of confidence in his ability to…

  • CORE POWER launches civil nuclear program focused on floating power plants

    CORE POWER launches civil nuclear program focused on floating power plants Shipping nuclear propulsion start-up CORE POWER has announced that it will develop a US-anchored maritime civil nuclear program that will bring floating nuclear power to the market by the mid-2030s. The program, named Liberty, will encompass modular construction of advanced fission technology and create…

  • Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt

    Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt The United States Navy announced on Thursday that an investigation was underway after the nuclear-powered USS Harry S Truman aircraft carrier was involved in a collision with a Panamanian-flagged bulk carrier in the Mediterranean Sea. The accident happened late on Wednesday night near Egypt’s Port…

  • Spire Global sues Kpler

    Spire Global sues Kpler Spire Global is suing Kpler, claiming the Belgian tech firm has failed to follow through on its plans to buy Spire Maritime, an AIS data provider.  On November 13 last year, Spire Global entered into a share purchase agreement with Kpler to sell its maritime business. Since then, however, Kpler has…

  • Steel and aluminium up next in Trump’s tariff campaign

    Steel and aluminium up next in Trump’s tariff campaign China’s retaliatory tariffs on some American goods came into effect on Monday, while Donald Trump, the American president, vowed yesterday to impose a 25% tariff on all steel and aluminium imports into the US, with a full announcement to come today. “Any steel coming into the…

  • Trump administration ups sanctions against Iranian shipping

    Trump administration ups sanctions against Iranian shipping Donald Trump has wasted little time in carrying out his vow to up pressure against Iran with the Office of Foreign Assets Control (OFAC) yesterday slapping sanctions on more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian…

  • Federal Maritime Commission okays Premier Alliance agreement

    Federal Maritime Commission okays Premier Alliance agreement The Federal Maritime Commission (FMC) in the US has given its blessing to the formation of the Asian liner grouping, the Premier Alliance. Alliance partners HMM, Ocean Network Express (ONE), and Yang Ming were left stunned when in early November the FMC demanded more information about the new…

  • Helix secures Hornsea 3 contract

    Helix secures Hornsea 3 contract Helix Energy’s marine contracting business unit, Helix Robotics Solutions has been hired by Seaway7 the renewables unit of Oslo-listed Subsea7 for the burial of inter-array cables at Ørsted’s Hornsea 3 offshore wind farm in the UK. The project scope, which will be managed from Helix’s offices in Aberdeen, includes the…

  • Beijing retaliates as Trump’s China tariffs kick in

    Beijing retaliates as Trump’s China tariffs kick in Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world.  Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying…

  • Shipping set to be reshaped by Trump tariffs

    Shipping set to be reshaped by Trump tariffs Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump’s decision on Saturday to levy  25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has…

  • Halliburton seals Petrobras deal

    Halliburton seals Petrobras deal Houston-headquartered energy service giant Halliburton has won a contract from Petrobras for integrated drilling across several offshore fields in Brazil. The contract scope covers development and exploration wells over three years and significantly expands Halliburton’s drilling services footprint in the pre-salt and post-salt areas, the New Yourk-listed company said. “This contract…

  • Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back

    Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back Wresting back control of the Panama Canal, renaming the Gulf of Mexico and exiting from the Paris Agreement were three of the shipping takeaways in the first hours following the inauguration of Donald Trump yesterday as the 47th…

  • Shipping readies to navigate new Trump era

    Shipping readies to navigate new Trump era Today marks the end of the Joe Biden administration in the US, one of the most profitable four-year periods for shipping. With the return of Donald Trump to the White House, the shipping industry has many questions about what the future of global trade holds, some of which…

  • Beijing dismisses US shipbuilding probe

    Beijing dismisses US shipbuilding probe China’s commerce ministry on Friday dismissed a US investigation targeting China’s shipbuilding, maritime and logistics sectors, describing it as marked by “unilateralism and protectionism”. The US Trade Representative’s (USTR) office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and…

  • US east coast strike averted

    US east coast strike averted The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have reached a tentative agreement on all items for a new six-year master contract averting a potentially damaging strike on the US east and Gulf coasts next week. The two sides agreed to continue to operate under the current…

  • Revisiting national security in the context of global commerce

    Revisiting national security in the context of global commerce In light of the US rejection of the Nippon Steel and US Steel deal, Wolfgang Lehmacher discusses the ongoing erosion of trade agreements. The erosion of trade agreements, particularly through the invocation of national security exceptions, poses significant challenges to the international economic landscape. The recent…

  • US east coast port talks set to resume

    US east coast port talks set to resume Talks are set to resume tomorrow between employers and dockworker unions across the US east and Gulf coasts in a last-ditch bid to avert a strike pencilled in for January 15.  Following a three-day strike last October, the International Longshoremen’s Association (ILA) reached an agreement with the…

  • Crowley acquires mooring specialist Main Line

    Crowley acquires mooring specialist Main Line US shipping conglomerate Crowley has bolstered its harbour services through the acquisition of compatriot vessel mooring business Main Line. The Florida-based company said the move would provide its customers calling on the ports of Seattle and Tacoma “with a comprehensive solution for their vessel mooring and ship assist needs”.…

  • Equinor secures $3bn in financing for US offshore wind project

    Equinor secures $3bn in financing for US offshore wind project Norwegian energy giant Equinor has secured a $3bn financing package for its Empire Wind 1 project in the US. The company explained that the project was able to secure competitive terms due to strong interest from lenders. “The final group of lenders includes some of…

  • TotalEnergies, Vantage Drilling form drillship-owning entity

    TotalEnergies, Vantage Drilling form drillship-owning entity Offshore drilling contractor Vantage Drilling has created a joint venture entity with French energy major TotalEnergies, which will own the Tungsten Explorer drillship. The creation of the JV, named TEVA Ship Charter, aligns with the memorandum of understanding signed between the two companies in February 2024. Under the terms…

  • Noble bags $84m Suriname gig with Petronas

    Noble bags $84m Suriname gig with Petronas Offshore driller Noble Corp has won a deal for the high-specification semisubmersible rig Noble Developer to drill three wells offshore Suriname for Petronas. The contract is expected to begin around June 2025, with an estimated duration of 200 days. The firm contract value is approximately $84m including additional services…

  • Windward to be acquired by US investor FTV Capital for $270m

    Windward to be acquired by US investor FTV Capital for $270m London-listed Israeli predictive maritime intelligence firm Windward is set to be acquired by US investment firm FTV Capital in a deal valued at £216m ($270m) million. Windward will be bought out by Octopus UK Bidco, a subsidiary of FTV Capital’s investment fund at 215p…

  • Seatrium wins contract for Gulf of Mexico production unit from BP

    Seatrium wins contract for Gulf of Mexico production unit from BP Singapore shipyard group Seatrium has signed a contract with energy supermajor BP for engineering, procurement, construction, and onshore commissioning work for the Kaskida floating production unit set to be deployed in the US Gulf of Mexico. The Kaskida project is a greenfield development located approximately…

  • Panama president hits back at Trump over canal takeover threat 

    Panama president hits back at Trump over canal takeover threat  Panama’s president, José Raúl Mulino, has rejected US President-elect Donald Trump’s comments that his new administration could move to take back control of the Panama Canal after accusing the country of charging excessive rates on US ships. Speaking at his post-election rally in Arizona over…

  • EnTrust strikes deal on cash offer for Belships

    EnTrust strikes deal on cash offer for Belships US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships.  Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.50 per share in…

  • Ineos buys CNOOC’s US assets

    Ineos buys CNOOC’s US assets Ineos Energy has acquired the Gulf of Mexico business held by the US subsidiary of Chinese company CNOOC International Limited. The deal increases Ineos’ production globally to over 90,000 barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by the company…

  • Kosmos Energy confirms takeover talks with Tullow Oil

    Kosmos Energy confirms takeover talks with Tullow Oil US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil. Both companies issued statements which confirmed the discussions after media reports speculated on the possibility of the deal happening. Kosmos said in…

  • Trump comes out in support of dockworkers in automation battle on US east coast

    Trump comes out in support of dockworkers in automation battle on US east coast President-elect Donald Trump has backed dockworkers in their automation battle with employers on the US east and Gulf coasts, citing his America first mantra. Unionised workers and employers have not been able to agree terms for a new labour deal, with…

  • Trump’s plans and what we can do to secure supply

    Trump’s plans and what we can do to secure supply Wolfgang Lehmacher delves into the expected changes, their potential impacts, and strategies businesses can adopt to navigate Trump 2.0. The political landscape is shifting with Donald Trump’s recent election, which could significantly change trade flows and disrupt global supply chains. The anticipated policies of the…

  • SLB lands contract for all Petrobras’ offshore fields in Brazil

    SLB lands contract for all Petrobras’ offshore fields in Brazil Houston-based oilfield service giant SLB has won a contract from Petrobras for integrated services across all the operator’s offshore fields in Brazil. Under the contract, estimated at about $800m, SLB will oversee the construction of more than 100 deepwater wells, utilising advanced drilling, cementing and…

  • Premier Alliance launch delayed as US demands more details

    Premier Alliance launch delayed as US demands more details The Premier Alliance, a new Asian liner grouping, had planned to start selling bookings later this week, something that will now likely have to be put on hold following intervention from the US. The Premier Alliance is made up of members of the soon-to-disappear THE Alliance,…

  • Shipping heavyweights invest in UK decarbonisation firm

    Shipping heavyweights invest in UK decarbonisation firm US-based shipbroker and consulting group McQuilling Partners has joined the growing list of marine industry heavy hitters backing the UK-listed green decarbonisation pioneer SulNOx. McQuilling is investing in a new funding round led by SulNOx’s largest shareholder Constantine Logothetis and Norway’s shipowner Nistad Group after the UK firm’s…

  • Seacor Marine orders PSVs in China as it clears out AHTS fleet

    Seacor Marine orders PSVs in China as it clears out AHTS fleet US offshore vessel owner and operator Seacor Marine has ordered two platform supply vessels at China’s Fujian Mawei Shipbuilding for delivery in the fourth quarter of 2026 and the first quarter of 2027. The deal with the yard, which earlier this year also…

  • Douglas Wheat steps down as chairman of International Seaways

    Douglas Wheat steps down as chairman of International Seaways Douglas Wheat has stepped down as chairman of New York-listed International Seaways. The industry veteran who has chaired Seaways’ since November 2016, will be replaced by Ian Blackley – the company’s board member and former top man at its predecessor Overseas Shipholding Group. “Wheat’s resignation was…

  • Meta taps into Norden’s biofuel offering 

    Meta taps into Norden’s biofuel offering  Danish shipping giant Norden has sealed a deal with Mark Zuckerberg’s Meta for the use of sustainable fuels in its maritime supply chains. The owner of Facebook, which has set a goal of reaching net-zero emissions across its value chain in 2030, has signed up for the so-called Book…

  • Why Trump’s return is neither good nor bad for shipping

    Why Trump’s return is neither good nor bad for shipping Donald Trump will soon be back in the Oval Office. Pierre Aury wonders whether we are entering a time loop. A 78-year-old man will soon be the 47th president of the US. He will be replacing an outgoing president who was also 78 when he…

  • Is Trump dead set on protectionism?

    Is Trump dead set on protectionism? Andrew Craig-Bennett muses on what the imminent swearing in of the 47th president of the United States means for international merchant shipping. The Old Man said, “I mean to hang on Till her canvas busts or her sticks are all gone…” Which the darned fool did, till at last…

  • McDermott awarded decommissioning contract offshore Australia

    McDermott awarded decommissioning contract offshore Australia Houston-based offshore contractor McDermott has secured decommissioning work for Santos offshore Western Australia. The contract worth between $50m and $250m covers engineering, procurement, removal and disposal of the Harriet Alpha platform and associated infrastructure. The Harriet Alpha platform is one of the largest facilities slated for decommissioning and will…

  • Winners and losers from Trump’s return

    Winners and losers from Trump’s return ‘Drill, baby, drill’ and ‘liquid gold’ were two of the phrases president-elect Donald Trump repeated during his victory rally in Florida yesterday and a common consensus is building among shipping experts that the Republican’s return to the White House will be positive for tankers, but less so for container…

  • The shipping consequences of Mr Trump

    The shipping consequences of Mr Trump Splash’s lead columnist has been forced out of silence by the results in America. I have on my wrist a wristwatch made in the year of my birth -1952. It was made in two stages – the movement was made in Le Locle, in Switzerland, by the firm of…

  • Pelagic Partners charters out tanker to International Seaways

    Cyprus-based owner and shipping fund manager Pelagic Partners has sealed a charter deal with US tanker player International Seaways for one of its LR1 vessels. The 2009-built Pelagic Turbot has been fixed long-term to the New York-listed owner and operator following its recent docking. The 73,400 dwt unit is the second ship International Seaways has…