Thursday, November 30, 2023
Media Kit
South Korea Coast Guard

South Korea Investigates Mysterious Sinking of Unmanned Cargo Ship

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ammonia bunker vessel

Azane and Amogy to Develop Ammonia Bunker Vessel

Published Nov 29, 2023 7:09 PM by The Maritime Executive

  Azane Fuel Solutions, a joint venture between ECONNECT Energy and Amon Maritime, is moving forward with the design of an ammonia bunker vessel to be used for fueling large vessels. They believe the vessel will be a key component in the efforts to decarbonize shipping and as part of their development project, they will also explore incorporating the ammonia-to-power system developed by U.S.-startup Amogy into the vessel. The company was started to provide the infrastructure to support the use...

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Turkey tanker evacuation

Storms Close Bosphorus and Drive Tanker Ashore in Istanbul

Published Nov 29, 2023 6:23 PM by The Maritime Executive

  The powerful storms that have been impacting the Black Sea region spread to the south hitting Istanbul and the surrounding areas. Shipping in the region was impacted with the governor’s office ordering a suspension. A small tanker anchored offshore was also driven on to the rocks with the fire department, Coast Guard, and coastal security agency working to rescue the crew. The storm brought with it strong southwest winds and torrential downpours of rain. Flooding was reported across the...

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Danmark

90-Year-Old Tall Ship Danmark May Shut Down Due to Funding Issues

Published Nov 29, 2023 5:33 PM by The Maritime Executive

The training ship Danmark has had its share of unfortunate news over the past two years, and it has more: it may be forced to end operations after next year due to budgetary constraints.  The 1933-built Danmark is a three-masted, full-rigged school ship homeported in Copenhagen. It is owned by the Danish government and run by a maritime academy for use in training ordinary seamen. When under way, it has capacity for up to 80 students at a time.  Danmark...

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HMM containership

Score One for Carriers, HMM Wins FMC Service Complaint from US Importer

Published Nov 29, 2023 5:04 PM by The Maritime Executive

  Multiple shippers have turned to the Federal Maritime Commission seeking relief arguing that carriers failed to provide contracted space during the pandemic and that they were forced to pay higher rates in the spot market to transport their goods. In a newly released finding, the FMC however rules that the carrier worked with the shipper to address the challenges and finds for the carrier, HMM in this case, saying the shipper derived a substantial financial benefit from its dealing...

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Offshore

offshore wind farm

IKEA Store Operator Invests in Offshore Wind and Hydrogen to Restore Baltic

  The largest operator of IKEA stores, Ingka Group which accounts for about 90 percent of IKEA’s worldwide retail sales, is increasing its investments in offshore wind as part of a company-wide Energy Transformation commitment. Ingka announced its third offshore investment with OX2, a Swedish renewable energy company. Ingka will acquire for an initial payment of approximately $22 million a 49 percent stake in two next-generation Swedish offshore wind projects currently under development. The transaction includes the offshore projects Pleione...

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Shipbuilding

hydrogen shortsea cargo vessel

CMB.TECH Leads Effort to Build Four Hydrogen-Powered Shortsea Cargo Vessels

  Plans were announced for four hydrogen-powered general cargo vessels as the Saverys continue to push forward on multiple fronts with their efforts to develop what they are calling future-proof shipping. The announcement of the order for the cargo ships follows the news yesterday that they have also expanded their order for hydrogen-powered Commission Service Operation Vessels (CSOV) for the offshore wind sector. Through their company CMB.TECH and in a partnership with Belgian shipowner and operators of shortsea vessels Boeckmans,...

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Environment

Maersk methanol containership

Maersk Commits to Large, Green Methanol Offtake Deal with China’s Goldwind

  Maersk signed what the company is calling a milestone deal for the offtake of green methanol fuel from China for its fleet. It is the latest in a series of steps the carrier has taken over the past few years to build a global supply chain for green fuel as it prepares to launch its first class of methanol dual-fueled containerships and is exploring the conversion of existing ships to the fuel. Maersk entered into a deal with China’s...

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Business

Danmark

90-Year-Old Tall Ship Danmark May Shut Down Due to Funding Issues

The training ship Danmark has had its share of unfortunate news over the past two years, and it has more: it may be forced to end operations after next year due to budgetary constraints.  The 1933-built Danmark is a three-masted, full-rigged school ship homeported in Copenhagen. It is owned by the Danish government and run by a maritime academy for use in training ordinary seamen. When under way, it has capacity for up to 80 students at a time.  Danmark...

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