Friday, March 28, 2025
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oil terminal with ranker

U.S. Files Suit Seeking $47M from Sale of Iranian Oil Hidden in Croatia

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LCO12 FLSU

Designs for CO2 Carrier and Floating Storage Using Elevated Pressure

Published Mar 27, 2025 7:10 PM by The Maritime Executive

  Knutsen NYK Carbon Carriers, a subsidiary of NYK and Knutsen Group reports it is moving forward in the development of its concepts for the transport and storage of carbon as part of the emerging CCUS (Carbon capture, utilization, and storage) sector. The company obtained Approval in Principle (AiP) from ClassNK for the design of liquified CO2 carriers as well as the floating liquified storage facility that would work in conjunction with the vessels. While CCSU is expected to play...

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hydrogen powered bulker

Dutch Project to Design Liquid Hydrogen Powered Bulk Carrier

Published Mar 27, 2025 6:21 PM by The Maritime Executive

A new project launched by a consortium of Dutch companies and supported by the government is focusing on what they are calling the world’s first zero-emission general cargo ship powered by liquid hydrogen. According to the project organizers, this initiative is a key pillar of the Maritime Masterplan, setting a new standard for decarbonizing European maritime logistics. The project which is being led by the Dutch Innovation Company (Nederlandse Innovatie Maatschappij or NIM) focuses on designing, constructing, and...

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oil tanker

Report: Panama Poised to Purge Sanctioned Tankers from Registry

Published Mar 27, 2025 5:53 PM by The Maritime Executive

After an extended pressure campaign from the United States and activist groups such as UANI (United Against Nuclear Iran) the Panama Maritime Authority is poised to purge its registry of sanctioned tankers. Bloomberg is citing comments by the General Director of Merchant Maine for PMA, Ramon Franco made during a conference in Singapore. According to Bloomberg, Panama is poised to remove 128 ships from its registry. They are ships sanctioned by the U.S. or its allies. The new...

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digits

The Maritime Hacking Village: Cyber Hacking for the Maritime Community

Published Mar 27, 2025 4:50 PM by Gary C Kessler, Nina Kollars, and Duncan Woodbury

  It is time to get serious about hacking  — and engaging the hacker community — as a pathway to a stronger maritime environment. All of us in the maritime industry appreciate our respective nation's reliance upon the maritime transportation system (MTS) for our very way of life. We all know the numbers: In the U.S., the MTS reportedly makes a $5.4 trillion contribution to the economy, representing about 25% of the U.S. gross domestic product and supporting 30 million...

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Offshore

WTIV Cadeler

OMSA Proposes a Daily Fee on Chinese-Made Offshore Vessels in US Waters

  America's offshore vessel operators are pleased with the White House's proposal for steep fees on Chinese ships, and they would like the administration to go one step further - with a daily tax on Chinese-built vessels operating in U.S. waters.  Despite the protections of the Jones Act for American shipping, the offshore vessel services industry is still exposed to low-cost foreign competition for certain tasks. Depending on the specifics of the work, a foreign offshore service vessel may not be...

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Shipbuilding

Polar Security Cutter

US Awards $951M in Contract Modifications for Polar Cutter Program

The troubled U.S. effort to build a new generation of Polar Security Cutters received an important boost with the U.S. Coast Guard awarding a $951.6 million contract modification to Bollinger Shipyards. The program has struggled to move forward with years of design delays and cost overruns with the builders now asserting that the project is on a solid path forward. The shipyard reports it received the modification which advances the Detail Design and Construction phase of the first...

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Environment

A rare image of a Rice's whale in the wild (NOAA)

Conservationists Sue BOEM to Restore OSV Speed Limits for Rice's Whale

  A group of U.S. environmental NGOs are suing the Trump administration over the rollback of guidance that was intended to protect the endangered Rice's whale, an ultra-rare species found only in the U.S. Gulf. Only an estimated 50 individuals remain, and conservationists believe that without protection, it could become the first whale species ever to go extinct due to human activity - possibly even before the North Atlantic right whale.  "[Rice's whales] are on the brink of extinction and the...

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Business

File image courtesy Wallenius Wilhelmsen

Car Carriers' Outlook Dims With New U.S. Auto Tariffs

  U.S. auto tariffs are taking a toll on the outlook for many foreign automakers, but are also having an effect on the companies that carry their goods to market - the pure car and truck carrier (PCTC) ro/ro operators.  Share prices for the publicly-traded car carrier owners have taken a dive since the White House announced new 25 percent tariffs on Wednesday. Hoegh has fallen 10 percent since the start of the week; K Line is down by four percent;...

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