Tanker Laden with Russian Oil Collides with Cargo Ship off Greece

Another Later-Stage Development U.S. Offshore Wind Farm Shelved

Published Dec 24, 2024 12:49 PM by The Maritime Executive

Vineyard Wind, an affiliate of Copenhagen Infrastructure Partners, confirmed in a brief statement that it is shelving the proposed Vineyard Wind 2 project in response to Connecticut’s decision not to proceed in awarding wind projects after the recent New England tri-state solicitation. The project had been selected by Massachusetts and is in a later stage of permitting at the federal level. “With Connecticut’s decision today (December 20) not to purchase the remaining 400 MW, we are unable to...

Windward Maritime Intelligence Business Agrees to Buyout from U.S. Investor

Published Dec 24, 2024 11:57 AM by The Maritime Executive

Predictive maritime intelligence company Windward, which harnessed the power of AI to create a unique platform, has agreed to a buyout by U.S.-based FTV Capital Group, a growth equity investment firm. Both companies are highlighting it as the next step in the evolution of Windward as it expands from its strong base in the maritime sector to related industries. Under the terms of the agreement, which is being conducted as a “reverse triangular merger under Israeli Companies Law,”...

Ursa Major (file image courtesy Rosmorport)

Russian Military Sealift Ship Sinks After Engine Room Explosion

Published Dec 23, 2024 11:20 PM by The Maritime Executive

On Monday, a sanctioned Russian cargo ship sustained an engine room explosion off Spain and sank, leaving two crewmembers missing. At about 1230 hours local time, the Ursa Major was under way eastbound in the Strait of Gibraltar when she sustained an explosion in the engine room. She slowed and deviated from course, then began to list. AIS data shows that a Spanish Navy warship, the Spanish response vessel Clara Campoamor and a good Samaritan vessel - the Sparta, another...

The Panamanian-built New Panama Canal lock system (AMP file image)

Trump Orders Panama to Lower Transit Rates or "Return" Canal to the U.S.

Published Dec 23, 2024 11:12 PM by The Maritime Executive

The government of Panama has pushed back against President Donald Trump's new demand to lower charges for U.S. vessels or "return" the Panama Canal to American custody. Over the weekend, Trump accused the government of Panama of charging inflated transit rates to U.S. shipping and U.S. Navy vessels for usage of the waterway, and he suggested a connection to Chinese influence. "When President Jimmy Carter foolishly gave it away, for one dollar, during his term in office, it was...

Shipping

Tanker Laden with Russian Oil Collides with Cargo Ship off Greece

The Greek authorities are confirming reports that a tanker laden with Russian oil collided with a cargo ship this morning, December 24, in the area of the Kafireas Strait, south of Karystos. The circumstances of the incident are unclear at this time, but the reports indicate the crews were not injured, and both ships sustained minor damage. The identity of the tanker was not supplied, but reports stated it is loaded with a cargo of over 131,000 tons of...

Tugs & Salvage

One Killed in Violent Boat Explosion in Fort Lauderdale

On Monday evening, a small passenger vessel exploded and burned alongside the pier in Fort Lauderdale, Florida, killing one and injuring five. Just before 1800 hours, a blast rocked the quay at Lauderdale Marina, a dealership and fuel dock just north of Port Everglades. A 37-foot boat exploded violently when its engines fired up, startling passersby. Security camera video footage showed that the boat's main deck separated from the hull due to the force of the explosion. "It...

Government

Russia Struggles to Salvage its Mediterranean Investment

Russia is facing increasing difficulties in recovering its position in the Mediterranean and the Levant, following the overthrow by President Bashar Al Assad in Syria by Hayat Tahrir al-Sham (HTS). As was predictable, Russian claims to be negotiating a continuance of its basing in Syria with its new leaders proved to be bluster. Given the Russians’ long history of terror bombing of civilian targets during the civil war, its provision of asylum to the fleeing Assad family, and having...

Corporate News

Eastern Shipbuilding Group Delivers Long Island Ferry

[By: Eastern Shipbuilding Group] Eastern Shipbuilding Group, Inc. (ESG) is pleased to announce the successful delivery of the LONG ISLAND (ESG Hull 228), a newly constructed passenger and auto ferry, to the Bridgeport & Port Jefferson Steamboat Company, a subsidiary of McAllister Towing. The vessel, designed to provide seamless transportation between Bridgeport, CT, and Port Jefferson, NY, across Long Island Sound, is the latest addition to the company’s fleet. “This delivery is a proud moment for our team,”...

Cruise Ships

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

The Genting Group is continuing its efforts to re-establish its cruise operations reporting it will add a third cruise ship in March 2025. The company relaunched cruise operations under the Resorts World Cruises banner in 2022 after the bankruptcy of Genting Hong Kong ended its Dream Cruises and Star Cruises in Asia as well as Crystal Cruises in the international market. The 77,441 gross ton cruise ship to be named Star Scorpio is being acquired from Carnival Corporation’s...

Ports

Shanghai Exceeds 50 Million TEU for the First Time

Chinese officials reported that the Shanghai Port complex reached 50 million TEU for the first time on December 22. They said the port would exceed the 50 million TEU mark as it continues its position as the world’s busiest seaport for the 15th consecutive year. Container operations at the port began in 1978 when they handled just 7,951 TEU. The port reached 1 million TEU in 1994 and has continued its rapid expansion. Throughput exceeded 10 million TEU in...

Shipping

Tanker Laden with Russian Oil Collides with Cargo Ship off Greece

Tugs & Salvage

One Killed in Violent Boat Explosion in Fort Lauderdale

Government

Russia Struggles to Salvage its Mediterranean Investment

Corporate News

Eastern Shipbuilding Group Delivers Long Island Ferry

Cruise Ships

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

Ports

Shanghai Exceeds 50 Million TEU for the First Time

Offshore

Greek Companies and Tanker Engineers Pay U.S. Over $4.5M in MARPOL Fines

The owner and operator of a Greek product tanker along with two engineers working on the vessel have each pleaded guilty in the latest U.S. Coast Guard MARPOL violation case. The fines totaled more than $4.5 million for offenses including discharging oily waste into the U.S. territorial waters and trying to conceal the crime including falsifying records. The U.S. Justice Department reported that the chemical tanker Kriti Ruby committed the offenses during port calls in Jacksonville, Florida, and the...

Shipbuilding

FSG Shipyards Get Temporary Financing from German State to Continue Work

The bankrupt German shipbuilding group FSG-Nobiskrug Holding received temporary financing to keep the operations open while efforts continue to seek permanent investors. The group had been forced into a contentious insolvency order by the German courts despite assertions from the yard’s owners that they would be refinanced. Germany’s Federal Minister of Economics, Robert Habeck, accepted an invitation from the union IG Metal and visited the shipyard in Flensburg today, December 23, to discuss the situation and...

Environment

Plastic litter lining the banks of the Mekong (Anton L. Delgado / Dialogue Earth)

The Struggle Against Plastic Choking the Mekong

[By Anton L. Delgado] On Son Island in Vietnam’s Mekong Delta, Le Trung Tin scatters fish feed into his ponds, where dozens of snakehead fish leap through the surface in synchronised bursts. “I taught them how to do that,” he says proudly, tossing another handful of feed at his fish. The scene looks idyllic, but Le’s fish farm is a reluctant response to an escalating crisis. For decades, he made his living fishing the Hau River,...

Business

Windward Maritime Intelligence Business Agrees to Buyout from U.S. Investor

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Tanker Laden with Russian Oil Collides with Cargo Ship off Greece

Another Later-Stage Development U.S. Offshore Wind Farm Shelved

Windward Maritime Intelligence Business Agrees to Buyout from U.S. Investor

Russian Military Sealift Ship Sinks After Engine Room Explosion

Trump Orders Panama to Lower Transit Rates or "Return" Canal to the U.S.

Tanker Laden with Russian Oil Collides with Cargo Ship off Greece

One Killed in Violent Boat Explosion in Fort Lauderdale

Russia Struggles to Salvage its Mediterranean Investment

Eastern Shipbuilding Group Delivers Long Island Ferry

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

Shanghai Exceeds 50 Million TEU for the First Time

World Maritime Forum 2025: Innovation and the Transformative Role of AI

Dynamic Positioning – Keeping Maritime Operations Safe

Interview: Joey D'Isernia, CEO & Chairman, Eastern Shipbuilding Group

Tanker Laden with Russian Oil Collides with Cargo Ship off Greece

One Killed in Violent Boat Explosion in Fort Lauderdale

Russia Struggles to Salvage its Mediterranean Investment

Eastern Shipbuilding Group Delivers Long Island Ferry

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

Shanghai Exceeds 50 Million TEU for the First Time

Greek Companies and Tanker Engineers Pay U.S. Over $4.5M in MARPOL Fines

FSG Shipyards Get Temporary Financing from German State to Continue Work

The Struggle Against Plastic Choking the Mekong

Windward Maritime Intelligence Business Agrees to Buyout from U.S. Investor

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events