As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. They had to look 4,000 miles away to more-expensive heating fuel from Europe.
The Pentagon is outfitting a Navy auxiliary ship with mobile units capable of neutralizing Syria’s poison gas and chemicals used to make nerve gas 45 to 90 days after receiving them, two U.S. defense officials said.
Pirates may encounter a skunk- smelling water curtain or propeller-tangling ropes the next time they approach a U.S. merchant ship. A warning to turn away may be accompanied by an ear-splitting squeal, if not rounds from an AK-47.
The U.S. Maritime Administration has a Feb. 18 deadline to decide on a $241.8 million loan guarantee application from the New York-based owner of a supertanker that called at Iran’s biggest crude-export terminal last month.
Miami, the Latin-American base for companies such as Harley-Davidson Inc., is set to lower its borrowing costs after posting a budget surplus five times greater than expected amid a real-estate revival.
The U.S. Coast Guard is exploring how publicly traded companies comply with a law requiring vessels working within U.S. waters to be 75 percent American-owned, after a company it fined for violations said the requirement can’t be met.
Looming United Nations measures to halve carbon emissions from commercial ships have Nippon Yusen K.K., owner of the world’s second-largest fleet, designing a vessel that is propelled by sails and glides on lubricating bubbles.
A group that claimed an attack on a Mitsui O.S.K. Lines Ltd. oil tanker near the Strait of Hormuz in July “remains active and can conduct further attacks,” the U.S. Maritime Administration said in an advisory on its website.