Saturday, October 18, 2025
Media Kit
Gulf of Aden position

LPG Carrier on Fire and Drifting Issues Distress Call off Yemen

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christening of US training ship State of Maine

US Calls China's Sanctions on Hanwha Ocean Irresponsible Interference

Published Oct 17, 2025 4:59 PM by The Maritime Executive

The U.S. State Department is speaking out after the Chinese government announced sanctions earlier this week on the U.S. operations of Hanwha Ocean, including the Philly Shipyard. The actions came as part of the reciprocal port fees announced by China in response to the USTR’s port fees, which target China-built ships in an effort to rein in China’s dominance of the shipbuilding industry. China sanctioned five U.S. operating units of South Korea’s Hanwha Ocean, citing the company’s efforts...

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IMO meeting

IMO Fails to Adopt and Adjourns for One Year the Net-Zero Framework

Published Oct 17, 2025 4:34 PM by The Maritime Executive

  At the end of what may have been one of the most contentious weeks in the history of the International Maritime Organization, the member states voted to adjourn discussions for one year on the Net-Zero Framework, which was designed to create a global standard for shipping decarbonization. The IMO emphasized that work would continue to create consensus and, in the interim, amendments to MARPOL would proceed, but the news drew wide condemnation and criticism of the IMO, with a...

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Port of Rotterdam

Shipping Backlog Eases with Tentative Settlement in Rotterdam Strike

Published Oct 17, 2025 1:07 PM by The Maritime Executive

The backlog of shipping that was created in Northern Europe due to a strike by lashers in Rotterdam and a slowdown by Belgian marine pilots is expected to ease in the coming days. The unions representing the container lashers working at Rotterdam’s main container terminals report that they have reached a settlement over wages, while the Belgian pilots continue to work after pausing their job action. Members of the unions representing the lashers voted overwhelmingly to suspend the...

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Chinese warship departing

Saudi Arabia and China to Conduct Joint Exercise in the Gulf

Published Oct 17, 2025 11:23 AM by The Maritime Executive

  The official China Military Online website has announced that the Chinese PLA Navy and the Royal Saudi Naval Forces (RSNF) are to conduct a joint training exercise in the second half of October. The exercise, entitled Blue Sword 2025, will be the third joint naval exercise that the two countries have conducted together. The last exercise in the series was carried out over two weeks in the same period in 2023. It was conducted in Zhanjiang, Guangdong Province, and...

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Offshore

offshore wind farm

RWE Dumps its Australian Offshore Wind Project

  German utility RWE has decided to dump its giant Kent offshore wind project off the coast of Victoria, Australia, the latest in a long series of blows for the non-China offshore wind industry.  Kent would have supplied two gigawatts of power to consumers in Gippsland, Victoria, but it was proposed in an earlier era when project economics were more favorable. In an announcement, RWE cited issues with "the project's competitiveness in current market conditions," as well as uncertainty around...

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Shipbuilding

Cochin India shipbuilding

India’s Cochin Shipyard Secures Mega Order from CMA CGM for First Boxships

  India’s efforts to break into the leadership in global shipbuilding are taking a large step forward with Cochin Shipyard securing its first-ever international order for ocean-going containerships. India has been courting the major shipping companies to secure work to support the government’s plan to develop shipbuilding as a major industry and exporter. Cochin, in a regulatory filing, announced what it terms a “mega order,” with the value being reported between $225 million to possibly over $300 million. The company...

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Environment

IMO meeting

IMO Fails to Adopt and Adjourns for One Year the Net-Zero Framework

  At the end of what may have been one of the most contentious weeks in the history of the International Maritime Organization, the member states voted to adjourn discussions for one year on the Net-Zero Framework, which was designed to create a global standard for shipping decarbonization. The IMO emphasized that work would continue to create consensus and, in the interim, amendments to MARPOL would proceed, but the news drew wide condemnation and criticism of the IMO, with a...

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Business

containership construction

HMM Splashes $2.8B on Containership and VLCC Order in Growth Strategy

South Korea’s largest shipping company, HMM, is pushing forward with its growth strategy, reporting today, October 16, that it has entered into newbuilding contracts valued at approximately $2.8 billion. The company previously announced plans to invest approximately $7.7 billion to expand its eco-friendly shipping as it pursues a strategy to “secure a more flexible and future-ready fleet.” The current orders are for a total of a dozen 13,000 TEU dual-fuel containerships. Korean media reports that eight of the...

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