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Australia cruise ship

Genting’s Resorts World Emerges as Buyer of P&O Australia Cruise Ship

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offshore wind farm

Biden Administration Approves Eleventh U.S. Offshore Wind Project

Published Dec 20, 2024 3:59 PM by The Maritime Executive

  Racing to put the offshore wind industry on a sound footing before the close of the Biden administration, the Department of the Interior today approved what will become the eleventh large-scale offshore wind farm off the coastal United States. The project known as SouthCoast Wind will generate 2.4 GW of offshore wind energy for Massachusetts and Rhode Island. The notice of availability of the Joint Record of Decision comes after Massachusetts issued approvals in October and the two states...

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Australian naval shipbuilding

Australia Plans Investment of Up to US$100 Billion in Naval Shipbuilding

Published Dec 20, 2024 3:18 PM by The Maritime Executive

The Australian government reports it is reaffirming its commitment to continuous naval shipbuilding and taking steps to enhance the long-term strength of the shipbuilding industry. It is part of a plan by Prime Minister Anthony Albanese to expand the shipbuilding efforts for national defense and to expand employment in the industry. The government released the 2024 version of the Naval Shipbuilding and Sustainment Plan which outlines the long-term plan for naval shipbuilding. The government is calling it a...

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Chinese hydrogen inland containership

China Launches Hydrogen-Powered Inland Container Vessel

Published Dec 20, 2024 1:20 PM by The Maritime Executive

China marked the launch of its first large hydrogen fuel cell river containership on December 18. The vessel named Dong Fang Qing Gang will have the largest hydrogen fuel cell system so far deployed on a ship in China and will be used to demonstrate the potential of the technology. The vessel will be outfitted with two 240 kW hydrogen fuel cells and will have a hydrogen storage system that will hold 550 kg of hydrogen. The vessel...

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containership in New York harbor

Carriers Grow Pessimistic Urging Preparations for U.S. Port Strike

Published Dec 20, 2024 12:16 PM by The Maritime Executive

With the deadline looming for the expiration of the master contract for U.S. East and Gulf Coast dockworkers, carriers are beginning to sound cautions to customers. Maersk, Hapag-Lloyd, and CMA CGM Group each issued customer advisories warning the situation is “dynamic” and with no signs of an agreement and the union saying they are at an impasse, the dangers are growing. The employers represented by the U.S. Maritime Alliance (USMX) and the International Longshoremen’s Association ended the October...

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Offshore

offshore wind farm

Biden Administration Approves Eleventh U.S. Offshore Wind Project

  Racing to put the offshore wind industry on a sound footing before the close of the Biden administration, the Department of the Interior today approved what will become the eleventh large-scale offshore wind farm off the coastal United States. The project known as SouthCoast Wind will generate 2.4 GW of offshore wind energy for Massachusetts and Rhode Island. The notice of availability of the Joint Record of Decision comes after Massachusetts issued approvals in October and the two states...

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Shipbuilding

Philly Shipyard

Hanwha Completes $100 Million Acquisition of Philly Shipyard

  South Korea’s Hanwha Group completed the acquisition of Philly Shipyard on December 19 in a deal valued at approximately $100 million. The company emphasized its plans for the growth of the yard’s operations and has openly spoken of its goal to use the yard to expand into U.S. naval defense contracting. Hanwha reported it received approval from the Committee on Foreign Invest in the United States in September 2024 as the clearance for it to acquire the yard from...

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Environment

plastic pellets nurdles

Tough Regulations for Ships as EU Moves to Contain Plastic Pellet Pollution

  Europe is taking measures to tackle the challenges of plastic pellet pollution with the drafting of regulations that specifically set tough obligations for ocean-going vessels. The targeting of maritime transport is due to the fact that the sector accounts for around 38 percent of all pellets transported in the European Union (EU), with cases of pollution by seagoing vessels remaining high. The European Council contends that plastic pellet losses to the environment are the third largest source of all...

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Business

Soren Toft

World Shipping Council Enters 2025 with New Team Led by MSC’s Toft

  As liner shipping continues to face a growing list of challenges, the industry’s leading lobbyist group, the World Shipping Council, will enter 2025 with a new leadership team. The board of directors of the group which represents container and vehicle shipping elected its new Chair and Vice Chair who will join the group’s new president and CEO who took the role in July 2024 after the retirement of the long-term head of the group. Soren Toft, CEO of MSC...

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