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The Maritime Administration issued a request for information on May 7 to explore small modular reactors for commercial shipping. The agency is working with other federal offices on regulatory and infrastructure requirements.
The Maritime Administration on May 7 issued a request for information seeking industry proposals for small modular nuclear reactors in commercial cargo vessels and port operations. The notice states that global competitors are already integrating nuclear propulsion into shipyards and supply chains, and that the United States could face a strategic disadvantage without domestic deployment.
The agency said it wants reactor concepts treated as commercial infrastructure rather than technology demonstrations, with clear pathways to scalable operations. It added that such systems could allow ships to travel farther while lowering fuel and maintenance costs, and that proposals should address domestic supply-chain and logistics goals.
The Maritime Administration said it is working with the U.S. Coast Guard, Nuclear Regulatory Commission and Department of Energy to evaluate regulatory frameworks for nuclear-powered vessels. The agency is also seeking input on liability, insurance and inspection requirements needed for port operations.
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news.sky.comU.S. Customs and Border Protection issued $49.2 billion in refunds in June, bringing the total to about $71 billion. Companies report using the funds to offset higher costs from the Iran conflict and other pressures.
citizen.co.zaChinese customs data showed imports dropped to their lowest level in nearly a decade in June. The decline helped limit global price increases during renewed attacks in the Strait of Hormuz.
Japan's Kioxia lost half its value since a June peak, erasing roughly $185 billion in market value. Taiwan Semiconductor Manufacturing Co. shares dropped more than 5 percent despite strong earnings. South Korea tightened rules on single-stock leveraged ETFs after weeks of volatil…