Sunday, November 24, 2024
Media Kit
Yi Peng 3 passes under the Great Belt Bridge (Storebaelt Bridge webcam)

Chinese Ship Suspected of Subsea Cable Sabotage Has a Twisted Anchor

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Xi Jinping

Op-Ed: Xi Jinping Wants a New World Order Centered on Chinese Trade

Published Nov 24, 2024 1:30 PM by The Strategist

  [By Michael Pezzullo] In October 2017, Xi Jinping declared that the world is experiencing ‘great changes unseen in a hundred years’. He often uses this signature phrase, the century-ago events being the tumultuous ones at the end of World War I, which saw the Bolshevik Revolution of 1917, the crumbling of European empires and the emergence of the United States as a great power, manifested through its decisive intervention in the war. In the century that followed, the US dominated...

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Maersk containership at Felixstowe UK

Maersk Surprises Industry Abandoning Felixstowe for Smaller London Gateway

Published Nov 22, 2024 9:32 PM by The Maritime Executive

  Maersk shocked the container shipping industry this week with the news that come February 2025 it will transition its large containerships along with those of its new partner Hapag-Lloyd from the UK’s Port of Felixstowe to the smaller London Gateway. It is a significant competitive blow for Hutchinson Ports operator of Felixstowe which has already been seeing DP World rapidly challenge it with the London Gate Terminal. In an operational advisory issued on November 18, Maersk revealed it is...

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Boston cruise terminal Massport

Boston to Invest $100M in Cruise Port as It Sets New Passenger Record

Published Nov 22, 2024 8:59 PM by The Maritime Executive

The Massachusetts Port Authority (Massport) operators of Flynn Cruiseport Boston unveiled plans for a $100 million investment into its cruise operations to support future growth and incorporate shore power into the terminal. Port officials announced the plan while also celebrating a record-breaking passenger count in 2024. Boston has emerged as a strong regional cruise port and like the whole industry is enjoying strong growth. In 1986, Massport opened the new Black Falcon Cruise Terminal located in the South...

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Chinese drillship

China Commissions Its First Deep-Ocean Drillship

Published Nov 22, 2024 7:49 PM by The Maritime Executive

  In its quest to access deep-ocean resources, China commissioned its first drilling vessel at a shipyard in Guangzhou. The ultra-large drillship, the Meng Xiang (Dream), is a significant leap in China’s ambition for deep-sea exploration, including mineral resource surveys.  In a congratulatory letter to celebrate the commissioning of the vessel, Chinese President Xi Jinping noted that the design and construction of the vessel is a culmination of the nation’s unique resource mobilization system.  “I hope that we can keep...

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Offshore

Australia offshore wind farm

Australia’s Star of the South Revises Plan Based on Feasibility Studies

  A large wind project widely considered to be Australia’s first large offshore wind farm provided a critical update defining the project after five years of feasibility studies and consultations. The Star of the South, which received its exploration license in 2019 continues to be at the forefront as Australia moves towards its first offshore wind farms. “We’ve learned a lot since we first set out to explore the potential for offshore wind in Gippsland five years ago,” said Star...

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Shipbuilding

rock installation vessel

Philly Shipyard Sued Over Construction Delays on Rock Installation Vessel

  Great Lakes Dredge & Dock Company filed suit in the U.S. Eastern District against Philly Shipyard citing construction delays and a disagreement over the construction plan for the company’s rock installation vessel. The company is asking the court to grant a restraining order and preliminary injunction saying it is suffering harm due to the repeated delays in the delivery date for the vessel. The court filing cites that Great Lakes Dredge & Dock stipulated since it began the selection...

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Environment

AMOC

Study: Meltwater from the Arctic is Weakening Atlantic Ocean Circulation

  [By Laurie Menviel and Gabriel Pontes] A vast network of ocean currents nicknamed the “great global ocean conveyor belt” is slowing down. That’s a problem because this vital system redistributes heat around the world, influencing both temperatures and rainfall. The Atlantic Meridional Overturning Circulation funnels heat northwards through the Atlantic Ocean and is crucial for controlling climate and marine ecosystems. It’s weaker now than at any other time in the past 1,000 years, and global warming could be to blame. But climate models have...

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Business

Alexander Saverys

Shareholders Sell 1.5M More Shares in Revised CMB.TECH (Euronav) Tender

  The revised tender period related to the offer to acquire EURONAV (now known as CMB.TECH) closed yesterday, November 21 with the company reporting investors sold another nearly 1.6 million shares to CMB. It brings to a close the contentious acquisition of the former EURONAV which had been challenged by activist shareholders. “We can finally turn the page on the tender offer for the shares of our company. The fact that very few shareholders tendered their shares is...

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