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TotalEnergies will exit U.S. offshore wind, relinquishing two federal leases and redirecting capital to natural gas and power projects, after reaching a settlement with the U.S. Department of the Interior that includes roughly US$1 billion in reimbursed lease fees.
The company said it will return the Carolina Long Bay and New York Bight leases, both awarded in 2022, ending its offshore wind development efforts in the U.S.
Under the agreement, TotalEnergies will ...
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ANALYSIS – The Trump administration is reshaping U.S. energy and foreign policy around oil supply and price stability, taking aggressive steps in Venezuela and Iran as global markets reel from oil-driven disruptions.
In recent days, the administration has moved to ease restrictions on both Venezuelan and ...
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Several major container shipping lines reported sharply lower earnings for 2025 as the industry continued to cool from the record profits generated during the pandemic-era freight boom.
Taiwan-based carrier Evergreen Marine Corp. said net profit attributable to shareholders fell 50.8 percent to about US$2.13 billion, on ...
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The U.S. Department of Justice, acting on behalf of the National Highway Traffic Safety Administration, has filed a lawsuit challenging California regulations that the federal government says effectively require automakers to meet state-specific electric vehicle and fuel economy standards.
The lawsuit, filed in the U.S. District ...
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Container shipping disruptions linked to tensions around the Strait of Hormuz are testing whether Gulf states can reroute cargo through alternative ports and inland corridors, but structural constraints limit short-term options, according to Drewry Maritime Research.
The chokepoint handles a relatively small share of global container ...
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The U.S. Surface Transportation Board has denied requests from two major railroads to intervene in a service dispute tied to the Meridian Speedway, concluding there is insufficient evidence to take action.
In a decision issued March 13, the board rejected petitions from Norfolk Southern Railway and ...
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Yang Ming Marine Transport Corp. is moving ahead with a fleet renewal program that underscores the dual pressures of decarbonization and network optimization in the container shipping sector.
The carrier said it has approved plans to order six 13,000-TEU LNG dual-fuel containerships, with procurement to proceed ...
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The twin ports of Port of Los Angeles and Port of Long Beach have issued a final assessment examining the feasibility of battery-electric and hydrogen fuel-cell cargo-handling equipment as the gateways move toward their zero-emissions goals.
The report, released March 10 under the ports’ Clean Air ...
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The global container ship order book has climbed to a record 11.8 million twenty-foot equivalent units despite falling freight rates and rising trade tensions, according to shipping association BIMCO.
The order book now totals more than 1,350 vessels, said Niels Rasmussen, reflecting continued fleet expansion by ...
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A new report from UL Standards & Engagement says incidents involving lithium-ion batteries in air cargo have increased 40 percent since 2021, highlighting growing safety concerns as global demand for battery-powered products continues to surge.
The study, released March 10, draws on incident reports from airlines ...
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