Several months after President Trump unveiled his Maritime Action Plan to revive U.S. shipbuilding, the proposal is starting to show quiet signs of life. Various players, both inside the administration and on Capitol Hill, are working behind the scenes to resolve differences between the White House and Congress and build a unified legislative strategy for moving forward.
Hodder Tugboat Co. Ltd. has finalized its purchase of the legacy chip and hog fuel barge division of Seaspan Marine, the companies announced. Terms of the deal were not disclosed.
The Department of the Interior made another legal settlement paying developer Invenergy $765 million to give up its offshore wind energy leases, the third such deal as the Trump administration pays companies to abandon plans for wind turbine arrays.
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