Tuesday, December 02, 2025
Media Kit
Carrier Ford approaching St. Thomas, USVI

USS Gerald R. Ford Arrives in St. Thomas, USVI for R&R

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FSRU arriving in Egypt

Delays in Egyptian LNG Unloadings Are Disrupting Gas and Shipping Markets

Published Dec 1, 2025 5:40 PM by The Maritime Executive

  Delays in unloading LNG cargos at Ain Sokhna in Egypt are exacerbating the shortage of LNG tankers in the Atlantic.  Ain Sokhna lies on the western coast of the Red Sea, 30 miles south of Suez. Besides its LNG facilities, Ain Sokhna has container, bulk, and general cargo terminals. There is also a logistics park developed by DP World.  Historically, Egypt has been a net exporter of LNG, although it began importing some LNG in 2015. But from 2024...

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concept for LCO2 carrier

Japanese Shipbuilders and Owners Team Up to Design LCO2 Carrier

Published Dec 1, 2025 5:37 PM by The Maritime Executive

  The leaders in the Japanese shipbuilding industry and joining up with several of the largest Japanese shipping companies in a new effort to develop a standardized design for a liquified CO2 carrier (LCO2). The effort is designed to increase efficiency in the building of the vessels to meet the anticipated demand from the sector. Analysts have forecast a strong and growing market for large, commercial CO2 carriers. It is part of the anticipated move for CO2 capture and reuse...

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damaged bow of cargo ship

Korean Coast Guard Investigates After Cargo Ship Rams Dock

Published Dec 1, 2025 2:53 PM by The Maritime Executive

  [Brief] Coast Guard officials in Busan, South Korea, responded to reports that an arriving cargo ship had rammed the dock and became lodged in the seawall at the busy port. There were no reports of injuries to the crew. The unnamed cargo ship was coming to the dock with a pilot aboard when it suddenly went forward instead of reversing. The Busan Coast Guard reports the vessel’s bulbous bow was damaged and that it became lodged in the stormwater...

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wind turbine installation vessel

Seatrium Seeks Arbitration Against Maersk Offshore Wind Over WTIV

Published Dec 1, 2025 2:29 PM by The Maritime Executive

  Singapore-based Seatrium has filed a counterclaim for arbitration against Maersk Offshore Wind in the ongoing dispute over the nearly completed newbuild wind turbine installation vessel ordered in 2023. The dispute emerged in October after Maersk Offshore Wind filed a surprise termination notice for the nearly completed vessel. Seatrium rejected an arbitration claim made by Maersk Offshore Wind in October, which alleged problems with the construction project without supplying specific details. The claim that “disputes had arisen” during the project....

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Offshore

offshore wind farm

Ocean Winds Secures Financing to Begin Offshore Wind Farm in Poland

In another bit of positive news for the beleaguered offshore wind power industry, Ocean Winds reports it has secured financing and completed the financial close for one of the first offshore wind farms in Poland. The company, which is a 50-50 joint venture between EDP Renewables and ENGIE, highlights strong support from the European finance community that is making the project possible. The company reports that as part of the financial close, it secured nearly €2 billion (US$2.3...

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Shipbuilding

Hyundai South Korea shipyard

Hyundai Completes Consolidation of Ulsan Shipbuilding Yards

  South Korea’s Hyundai Heavy Industries reports it has completed the consolidation of its shipbuilding operations located in Ulsan, South Korea, as of December 1. The company previously operated Hyundai Heavy Industries as the largest builder in the group, with the smaller Hyundai Mipo as a mid-sized builder. The company also owns a third shipbuilder, Hyundai Samho, which remains independent. The group announced the consolidation plan in August. They said the move will support the growth of the...

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Environment

Arctic melting ice

Op-Ed: Arctic States Have Less Than Two Weeks to Act on Polar Fuels

  The Arctic is warming four times faster than anywhere else on Earth, and this is a warning sign for elsewhere on the planet. The shipping sector has been gifted an opportunity to cut black carbon emissions from shipping in the region, which would have a near-immediate positive impact. But time is tight. December 5th is the deadline for countries to submit a crucial proposal for polar fuels, ahead of next February’s meeting of the International Maritime Organization’s Pollution Prevention and...

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Business

Inmarsat

Inmarsat Unveils Next Phase of NexusWave With Viasat-3

  [By Inmarsat] Inmarsat Maritime, a ViaSat (NASDAQ: VSAT) company, has unveiled the next phase in the evolution of its NexusWave bonded connectivity service, following the successful launch of the ViaSat-3 Flight 2 satellite and in anticipation of the launch of the ViaSat-3 Flight 3 satellite. As the two ViaSat-3 satellites are scheduled to enter service in 2026, NexusWave customers will benefit from a dramatic increase in available bandwidth via a new generation of maritime terminal, with additional capacity expected...

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