Friday, July 04, 2025
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Iran oil trade sanctions

U.S. Launches Eighth Round of Sanctions Targeting Iran's Oil and Tankers

Published Jul 3, 2025 7:15 PM by The Maritime Executive

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) launched its next round of sanctions targeting Iran through six entities involved in an extensive smuggling network, as well as four tankers that the U.S. contends collectively have transported and purchased billions of dollars’ worth of Iranian oil. It marks the eighth round of sanctions targeting Iran’s oil trade since Donald Trump issued an executive order directing a campaign of maximum pressure on Iran. The U.S.,...

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Japanese shipyard

Tsuneishi Buys Mitsui E&S Shipbuilding to Consolidate Japanese Shipbuilding

Published Jul 3, 2025 6:23 PM by The Maritime Executive

In a further move to consolidate the Japanese shipbuilding and repair businesses, Tsuneishi Shipbuilding reports it acquired its former joint venture with Mitsui E&S Shipbuilding. It is part of a broader reorganization and rebranding of all Tsuneishi’s operations as the Japanese shipbuilding sector works to respond to competition and a changing market. Mitsui E&S Shipbuilding, which traces its origins back 110 years to 1917, had been one of Japan’s leading shipbuilders. The company’s focus had shifted to commercial...

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Districts

U.S. Coast Guard Ends Use of WWII-Era Numbered Districts

Published Jul 3, 2025 5:58 PM by The Maritime Executive

  The U.S. Coast Guard announced Thursday that it will replace all the hard-to-remember numerical designations of its operational districts with geographic names, abandoning a World War II-era system held over from the service's stint as part of the Navy.  The renaming, ordered by Homeland Security Secretary Kristi Noem in May, is a shift for the maritime service and a small part of its restructuring program under Force Design 2028. It appears to change little on the ground, but makes...

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Singapore

Singapore Prosecutes Master and Crew of Chemical Tanker for Death of Sailor

Published Jul 3, 2025 4:37 PM by The Maritime Executive

The Public Prosecutor in Singapore is proceeding with a case against the master, chief officer, and the pump master of a Vietnamese chemical tanker after a crewmember died after entering a tank that had not been properly vented and inspected. The Straits Times newspaper reports that the pump master pleaded guilty on July 2 to one count of acts endangering the life of his fellow crewmember. The charges stem from an incident aboard the chemical tanker GT Win...

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Offshore

Wind

Sowing the Wind

  Wind as power is an old idea. The ancient Egyptians sailed up and down the Nile with ships and barges. Later, windmills were used to grind grain or pump water to irrigate fields. Today, 18 percent of European electrical demand is satisfied by wind-spun blades powering turbines, each with magnets that dance around coils to create current. I also have a history with wind power. In 2016, I wondered if offshore wind was here to stay, noting that it...

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Shipbuilding

Brand Bahama Shipyard

MSC Invests in Grand Bahama Shipyard with Carnival and Royal Caribbean

  MSC Cruises is set to become a third investor in the Grand Bahama Shipyard as the yard prepares to relaunch full services in 2026 with two new dry docks, which will be among the largest in the Western Hemisphere. It comes as the shipping giant has also expressed interest in a European shipbuilder and looks to continue to grow its cruise operations. Terms of the investment were not announced, but the Minister for Grand Bahama, Ginger Moxey, announced the...

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Environment

hydrogen fueled vessel

Norway Provides $76M in Grants to Advance Hydrogen and Ammonia Ships

Norway continues to support the advancement of a broad range of new technologies that it points out will both contribute to maritime decarbonization while also creating new industries and jobs for Norway. The Enova program announced its fourth round of grants, providing a total of approximately $76 million for projects advancing hydrogen and ammonia as fuels for ships, as well as the establishment of facilities for storing ammonia. Enova SF is owned by Norway’s Ministry of Climate and...

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Business

Japanese shipyard

Tsuneishi Buys Mitsui E&S Shipbuilding to Consolidate Japanese Shipbuilding

In a further move to consolidate the Japanese shipbuilding and repair businesses, Tsuneishi Shipbuilding reports it acquired its former joint venture with Mitsui E&S Shipbuilding. It is part of a broader reorganization and rebranding of all Tsuneishi’s operations as the Japanese shipbuilding sector works to respond to competition and a changing market. Mitsui E&S Shipbuilding, which traces its origins back 110 years to 1917, had been one of Japan’s leading shipbuilders. The company’s focus had shifted to commercial...

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