Tuesday, October 21, 2025
Media Kit
shadow fleet tanker detained in Germany

Report: EU to Work With Flag States to Increase Shadow Tanker Inspections

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TKMS shipyard Germany

Thyssenkrupp Completes Spin Off of TKMS into Bullish Stock Market

Published Oct 20, 2025 6:53 PM by The Maritime Executive

German conglomerate Thyssenkrupp completed the previously announced spin off of its marine shipbuilder TKMS today, October 20, as the market for marine defense manufacturers is booming. The parent company distributed 49 percent of the shares to its shareholders (Thyssenkrupp continues to own 51 percent) and at the end of the day TKMS’s stock value had soared nearly 50 percent giving the one-time subsidiary a higher market capitalization (over $7 billion) than its parent company.  The conglomerate has been...

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drillship

Sanctions Scuttle Lucrative Drilling Contract

Published Oct 20, 2025 5:38 PM by The Maritime Executive

Dubai-based offshore drilling contractor Vantage Drilling is reporting that changes in the sanction programs have forced the cancellation of a lucrative contract. The company had not revealed the client or the nature of the assignment which was initially announced in April, subject to completion of the agreement and critically the client having received all necessary state, governmental and administrative approvals. The project was announced after the completion of a conditional letter of award in April 2025 with the...

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containers

Famed Investment Firm KKR Makes $500M Bet on Container Leasing

Published Oct 20, 2025 4:45 PM by The Maritime Executive

  The well-known and respected investment firm KKR announced it is committing $500 million to the launch of a new global marine container leasing and financing platform. Seeing strong opportunities in the sector, it has decided to jump in to the business in partnership with a team of industry veterans, who previously lead another leader in the sector, Global Container International. The new business will be led by the experienced team. Know as Galaxy Container Solutions it will be owned...

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Shanghai container port

Progress Reported on California-China Green Shipping Corridor

Published Oct 20, 2025 4:26 PM by The Maritime Executive

U.S. and Chinese officials are reporting that good progress has been made in the early phases for the launch of the first green shipping corridor on the Pacific. The sponsors of the project highlighted the progress during a conference in Shanghai while China’s Ministry of Transport also outlined steps it will be taking to expand green shipping. The concept for the corridor followed an agreement at the UN’s global climate conference in Scotland (COP26 in 2021). Designed as...

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Offshore

FSO oil Brazil

World’s Largest FPSO Achieves First Oil at Brazil’s Bacalhau Field

  A floating production storage and offloading vessel (FPSO) that is being touted as one of the largest and most modern in the world has achieved first oil production in the Bacalhau field in Brazil. Norway’s energy giant Equinor highlighted that the start of crude flow from the field is a critical milestone in its oil and gas operations in Brazil. Equinor announced that FPSO Bacalhau achieved its first oil on October 15 at the Bacalhau field, which is the...

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Shipbuilding

TKMS shipyard Germany

Thyssenkrupp Completes Spin Off of TKMS into Bullish Stock Market

German conglomerate Thyssenkrupp completed the previously announced spin off of its marine shipbuilder TKMS today, October 20, as the market for marine defense manufacturers is booming. The parent company distributed 49 percent of the shares to its shareholders (Thyssenkrupp continues to own 51 percent) and at the end of the day TKMS’s stock value had soared nearly 50 percent giving the one-time subsidiary a higher market capitalization (over $7 billion) than its parent company.  The conglomerate has been...

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Environment

biofuel protest at IMO

Environmental Protestors Return to IMO to Campaign Against Biofuels

  Timed to the start of the working group session of MEPC (Marine Environment Protection Committee) protestors have returned to the front of the IMO’s London headquarters, this time to demand an end to biofuels. The effort launched as the discussions continue about refining the framework for net-zero and just days after the IMO member states adjourned the discussion for the adoption for one year. The working group is meeting behind closed doors to tackle some of the elements of...

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Business

drillship

Sanctions Scuttle Lucrative Drilling Contract

Dubai-based offshore drilling contractor Vantage Drilling is reporting that changes in the sanction programs have forced the cancellation of a lucrative contract. The company had not revealed the client or the nature of the assignment which was initially announced in April, subject to completion of the agreement and critically the client having received all necessary state, governmental and administrative approvals. The project was announced after the completion of a conditional letter of award in April 2025 with the...

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