Wednesday, April 09, 2025
Media Kit
Maersk Peary

White House Rails Against IMO Carbon Talks and Threatens Retaliation

MORE TOP STORIES
A firefighting boat applies water to the stack of the product tanker Med Atlantic, Singapore, October 2024 (Singapore Civil Defence Force)

Cefor: An Aging Global Fleet Means More Insurance Claims

Published Apr 8, 2025 11:39 PM by The Maritime Executive

  The Nordic Association of Marine Insurers (Cefor) has released its 2024 hull and machinery coverage report, shining a spotlight on emerging trends in the marine insurance market. Cefor has a coverage share of about 56 percent of the world fleet above 20,000 gross tonnage (GT). A major highlight in the report is the rising claim cost per vessel since the pandemic. While the major claims impact was benign in the period from 2015 to 2022, with only an occasional...

Continue Reading...
America's sole heavy icebreaker, USCGC Polar Star, makes a logistics call at Sydney, 2022 (USCG)

U.S. Coast Guard Cancels New Logistics IT System to Save Money

Published Apr 8, 2025 11:06 PM by The Maritime Executive

  The U.S. Coast Guard is set to save $32.7 million following the termination of an information technology program that was once deemed critical in “integrating capabilities,” but which is now said to be ineffective. In a move instigated by the Department of Government Efficiency (DOGE) and in line with the Coast Guard’s Force Design 2028 (FD 2028) initiative, the agency announced the termination of the Logistics Information Management System (CG-LIMS), with its program activities expected to cease no later...

Continue Reading...
Canadian flag

Op-Ed: As Tariffs Rise, Canadian Cruisers Can Skip the U.S. Market

Published Apr 8, 2025 10:32 PM by Harry Valentine

  The Canadian public has responded to the American tariff on trade. Airline bookings from Canada to American destinations has dropped by an estimated 70%. Many Canadians who had earlier booked passage aboard cruise vessels sailing from American ports or sailing to American destinations - such as Juneau, Alaska or Hawaii - have cancelled their planned trips. Introduction America’s trade tariffs have had an impact on the Canadian public, with layoffs expected in multiple sectors across the Canadian economy. A...

Continue Reading...
Odesa

Container Volume Rebounds in Black Sea, Driven By Ukrainian Ports

Published Apr 8, 2025 9:17 PM by Vassiliy Vesselovski, Daniil Melnychenko and Alexander Khromov

  The Black Sea container terminals of Bulgaria, Romania and Ukraine handled 1,313,392 TEU in 2024, including empty containers and transshipment.   This review examines the laden container volumes of these countries imported and exported by sea only, since waterborne container traffic in Ukraine is about 30% of the total. The total increase achieved by these three countries for the period was 12% compared to the same period last year and comprised 1,015,563 TEU. Black...

Continue Reading...
FEATURED STORIES
BLOGS
PODCASTS
MORE STORIES BY CATEGORY

Offshore

Pre-FID construction under way at Louisiana LNG (Woodside)

Woodside Sells $5.8B Stake in its Louisiana LNG Project

  Australian oil and gas company Woodside Energy is selling down its equity stake in its Louisiana LNG project, starting with the sale of a 40 percent stake to U.S.-based investment firm Stonepeak. Woodside is getting near to a final investment decision on the LNG production and export project, which it acquired in a $900 million takeover of developer Tellurian last October. The cost of implementing the entire five-train facility near Lake Charles, Louisiana is estimated at $27 billion. The...

Continue Reading...

Shipbuilding

Pipavav Shipyard

India’s Pipavav and Garden Reach Shipyards Partner as Orders Surge

  With India vying for a larger global shipbuilding market, two of the country’s major shipyards have partnered to maximize output. This week, Swan Defense and Heavy Industries Limited, the company that runs Pipavav Shipyard in Gujarat, signed an MoU with the state-run Garden Reach Shipbuilders & Engineering Ltd (GRSE). The partnership will see the two shipyards jointly pursue opportunities in the construction of commercial vessels and offshore structures.   Pipavav has the largest dry dock in India, measuring 662...

Continue Reading...

Environment

Smoke

At a Pivotal Meeting, Nations Decide Whether to Cut Ship Emissions

  [By Simon Bullock, Christiaan De Beukelaer and Tristan Smith] You’re probably reading this article on a device assembled in Asia, using materials shipped there from all around the world. After it was made, your phone or laptop most likely travelled to your country on a huge ship powered by one of the world’s largest diesel engines, one of thousands plying the world’s oceans. All this maritime activity adds up: international shipping burns over 200 million tonnes of fossil fuels a year. The...

Continue Reading...

Business

A firefighting boat applies water to the stack of the product tanker Med Atlantic, Singapore, October 2024 (Singapore Civil Defence Force)

Cefor: An Aging Global Fleet Means More Insurance Claims

  The Nordic Association of Marine Insurers (Cefor) has released its 2024 hull and machinery coverage report, shining a spotlight on emerging trends in the marine insurance market. Cefor has a coverage share of about 56 percent of the world fleet above 20,000 gross tonnage (GT). A major highlight in the report is the rising claim cost per vessel since the pandemic. While the major claims impact was benign in the period from 2015 to 2022, with only an occasional...

Continue Reading...