A COSCO-operated Chinese tanker carried asphalt from Louisiana to Connecticut under a Jones Act waiver, drawing criticism over national security exemptions and foreign participation in U.S. domestic shipping.
The United States is weighing an extension of its 60-day Jones Act waiver after fuel prices surged during the Iran war and the Strait of Hormuz disruption. The measure expanded tanker availability between U.S. ports, but its impact on fuel prices has remained limited.
Energy and shipping costs kept rising after the Jones Act waiver took effect, as disruption in the Strait of Hormuz continued to lift oil prices, freight rates and insurance costs.
The Trump administration approved a 60-day Jones Act waiver for foreign-flagged domestic shipping, but U.S. maritime labor and shipping groups say the move will do little to lower fuel prices.
Seatrium has delivered a next-generation WTIV to Maersk Offshore Wind. The vessel targets 15+ MW turbines, carries a 1,900-tonne crane, and is set to sail in March 2026 for the Empire Wind assignment off New York.
