German utility RWE has frozen all of its US offshore wind operations due to the political environment created by the administration of current president Donald Trump. In November last year, while the campaign for the new US president was still hot, the company said that the possibility of a new...
https://splash247.com/rwe-stops-all-us-offshore-wind-activities-due-to-political-climate/
US president Donald Trump has called for free passage of American ships through two of the vital shipping waterways, the Panama and Suez canals. Trump said in a social media post on Saturday that American ships, both military and commercial, should be allowed to travel, free of charge, through the...
https://splash247.com/trump-calls-for-free-passage-of-american-ships-through-suez-and-panama-canals/
Brussels-based maritime data analytics firm Kpler has closed the acquisition of Spire Global’s ship tracking business, Spire Maritime. The deal, worth about $241m, gives Kpler control over Spire’s satellites and maritime Automatic Identification System (AIS) data stream. “This milestone marks a...
https://splash247.com/kpler-wraps-up-spire-maritime-acquisition/
The US Department of the Interior has introduced a new policy which will see increased pressure differential during downhole commingling boost offshore oil output in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement implemented new parameters for downhole commingling in the...
https://splash247.com/new-us-policy-to-boost-gulf-of-mexico-oil-production/
S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division....
https://splash247.com/sp-global-buys-orbcomms-ship-tracking-business/
Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in...
https://splash247.com/zim-ordered-to-pay-samsung-3-7m-for-us-demurrage-violations/
One of the best-known names in the business of ship classification is to stand down at the end of the year. ABS chairman and CEO Christopher Wiernicki after leading the American classification society for the past 12 years, having taken over from Robert Somerville in 2013. Prior to joining ABS in...
In a sign of the times, Japan’s Mitsui OSK Lines (MOL), the world’s second-largest shipowner, will open a new office in Washington, DC. “As global challenges continue to evolve-ranging from geopolitical uncertainties and stricter environmental regulations to increasingly intricate supply...
https://splash247.com/worlds-second-largest-owner-opens-washington-office/
Rhode Island senator Sheldon Whitehouse and congressman Seth Magaziner are leading a bipartisan group of senators to ban offshore drilling along the coast of New England. New England consists of Maine, Vermont, New Hampshire, Massachusetts, Connecticut, and Rhode Island. All of the states have...
https://splash247.com/more-us-states-looking-to-protect-shores-from-trumps-offshore-drilling/
As the trade conflict between the United States and China intensifies, Indonesia is adopting a multifaceted strategy to safeguard its economic interests while maintaining balanced relations with both global powerhouses.
In response to the US administration’s proposed 32% tariffs on Indonesian exports to the United States, Jakarta has prioritized diplomatic channels over retaliation.
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https://container-news.com/indonesia-balanced-approach-us-china-trade-war/