Maritime Vessels Directory

The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran on Saturday in Oman. President Donald Trump said on Monday that Iran would be in "great danger" if the talks were unsuccessful.The U.S. imposed sanctions on Guangsha Zhoushan Energy Group Co, LTD that it said operates a crude oil and petroleum products terminal on Huangzeshan Island in Zhoushan, China.

Bardex in the Running for 2025 Ventus Award With OmniCrane™

7 hours ago

Bardex, a global leader in products and engineering services that tackle marine-based challenges, is honored to be a Ventus Award finalist. The awards, in eleven categories, recognize and celebrate people and products that advance the feasibility and adoption of offshore wind and other ocean renewables. Bardex was selected as one of four finalists in the Health, Safety & Environment category for its proprietary OmniCrane, which, among its benefits, virtually eliminates the risk of at-height accidents.The OmniCrane is a self-contained system that lifts and positions all of the components of a wind turbine generator, including tower sections, nacelle, hub, and blades.

Trump Signs Executive Order to Revitalize US Maritime Industry

13 hours ago

U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order directs the creation of a Maritime Action Plan (MAP) to revitalize U.S. maritime industries, which will provide a strategy with specific actions to restore and create sustained resiliency for the American maritime industry.Up until now, government procurement processes and over-regulation have hindered private industry’s ability to build vessels on time and on budget, and according to the current administration, this order reverses that trend.

Trump to Push Allies to Conform to Chinese Vessel Fee Plans

23 hours ago

U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U.S. naval readiness.The order directs the U.S. Trade Representative to move ahead with a plan that includes levying U.S. port docking fees on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels. Allies will be pushed to act similarly.

MOL Looks to Seize Opportunities as Trade Routes Shift Due to Tariffs

2 days ago

Mitsui O.S.K. Lines (MOL), Japan's second-largest shipping company, aims to capitalize on opportunities that emerge from a shift in trade routes driven by new U.S. tariffs, CEO Takeshi Hashimoto said.The highest U.S. tariffs in more than a hundred years came into force on Wednesday, roiling global markets."Trade routes will inevitably be reshuffled," Hashimoto told Reuters in an interview on Tuesday."We'll likely see increased trade from low-tariff countries and declines from high-tariff ones," he said, noting some cargos could be rerouted through Mexico or Canada, where tariffs may be lower.MOL plans to monitor shifting trade patterns and seize new opportunities, he said.Hashimoto said U.S.

Maritime Reporter and Engineering News (April 2025)