Thursday, April 03, 2025
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The U.S. Coast Guard's headquarters campus in Washington, D.C. Unlike the other armed forces, the service has no civilian leader (USCG file image)

Congress Considers Law to Create Secretary of the Coast Guard

Published Apr 3, 2025 7:01 PM by Denise Krepp

  Earlier this week, Senator Rick Scott introduced the Coast Guard Improvement Act, a bill that establishes the Secretary of the Coast Guard, a non uniformed individual who will oversee Coast Guard operations and report directly to the Secretary of Homeland Security. I’ve spent the past twenty five years working with the Coast Guard - first as a Coast Guard officer, then as a Hill staffer responsible for the Coast Guard portfolio, Maritime Administration Chief Counsel, and registered lobbyist. These...

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Maersk methanol fueled containership

ENEOS Joins Maersk and APM Investing $100M in U.S. Green Methanol Project

Published Apr 3, 2025 6:02 PM by The Maritime Executive

Japan’s leading energy company ENEOS is joining with A.P. Moller Holding and A.P. Moller – Maersk investing $100 million in C2X, the green methanol developer launched in 2023 by A.P. Moller Holding. The proceeds will primarily be used to fund the final development of a Louisiana project to produce green methanol as well as to advance C2X’s current efforts in the U.S., Spain, and Egypt to build green methanol production for the shipping, aviation, and chemical sectors. C2X reports the...

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AIMS

In the Know Podcast 67: Morgan Fanberg, CEO of Glosten

Published Apr 3, 2025 5:40 PM by The Maritime Executive

  Seattle-based naval architecture firm Glosten has a 67-year history of tackling some of the most unusual projects in maritime, and it's made a name for itself in finding creative solutions for unique problems. From its work on the famous research platform FLIP to the SBX-1 radar array to the next generation of floating nuclear power, Glosten is a go-to hub of expertise for projects that require creative thinking and foresight. Those same problem-solving skills make Glosten a sought-after advisor for newbuilds...

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Port of LA containers

Ports and Businesses Brace for Impact From Heavy Tariffs

Published Apr 3, 2025 5:13 PM by The Maritime Executive

  Markets reacted negatively on Monday after President Donald Trump's announcement of sweeping tariffs on major trading partners, including an additional 34 percent tariff on China. The Dow fell four percent, the S&P 500 dropped five percent, the Nasdaq was down by six percent, and the small-cap Russell 2000 fell by 6.6 percent - the worst trading day on Wall Street since the COVID-19 pandemic. American seaports and importers are bracing for the effects of a 20 percent tariff on the...

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MORE STORIES BY CATEGORY

Offshore

Ineos acquired CNOOC's 21 percent stake in the Shell-operated Appomattox platform, above (Shell file image)

China's CNOOC Exits U.S. Offshore Oil and Gas

  British energy company Ineos has completed a planned acquisition of the U.S. Gulf assets of Chinese state oil major CNOOC. The purchase gives Ineos non-operated interests in Shell's Appomattox platform and Hess' Stampede platform, along with several mature assets and supporting business units. Reuters reports that the transaction price came to about $2 billion.   “This is a major step for us into the deepwater Gulf of Mexico, which builds on our growing energy business. INEOS Energy is all...

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Shipbuilding

sail container ship

Construction Order Placed for World’s First Sail-Powered Containership

  The French cooperative Windcoop completed the construction order for its revolutionary open-hatch sail-powered cargo ship, the first of what the group envisions will be a pioneering fleet of ships. The order was placed with Turkey’s RMK Marine, which is also building the sail-powered RoRo Neoliner Origin. The group reports it has had to overcome major technical and logistic challenges to integrate a wind-powered propulsion system while also ensuring efficient container handling. This was in part solved with asymmetrical sails,...

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Environment

Maersk methanol fueled containership

ENEOS Joins Maersk and APM Investing $100M in U.S. Green Methanol Project

Japan’s leading energy company ENEOS is joining with A.P. Moller Holding and A.P. Moller – Maersk investing $100 million in C2X, the green methanol developer launched in 2023 by A.P. Moller Holding. The proceeds will primarily be used to fund the final development of a Louisiana project to produce green methanol as well as to advance C2X’s current efforts in the U.S., Spain, and Egypt to build green methanol production for the shipping, aviation, and chemical sectors. C2X reports the...

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Business

AIMS

In the Know Podcast 67: Morgan Fanberg, CEO of Glosten

  Seattle-based naval architecture firm Glosten has a 67-year history of tackling some of the most unusual projects in maritime, and it's made a name for itself in finding creative solutions for unique problems. From its work on the famous research platform FLIP to the SBX-1 radar array to the next generation of floating nuclear power, Glosten is a go-to hub of expertise for projects that require creative thinking and foresight. Those same problem-solving skills make Glosten a sought-after advisor for newbuilds...

Continue Reading...