Friday, April 25, 2025
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Ukraine detains ship

Ukraine Arrests Ship and Detains Crew Accused of Looting Grain from Crimea

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TMC

Trump Order Puts Deep Sea Mining on Path to Commercialization

Published Apr 24, 2025 9:33 PM by The Maritime Executive

  On Thursday, President Donald Trump signed a much-anticipated executive order that will set up an American permitting process for deep sea mining in international waters, beyond the U.S. outer continental shelf.  The order directs the Commerce Department to expedite a sovereign permitting process for mining under the Deep Seabed Hard Mineral Resources Act, an obscure statute from the 1980s. The Cold War-era law provides a pathway to unilateral resource recovery on the high seas, bypassing the UN's International Seabed...

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Nodule collection robot built for deepsea mining (Allseas)

Can Trump Really Approve Mining in International Waters?

Published Apr 24, 2025 8:44 PM by Dialogue Earth

  [By Regina Lam]   Pressure to open the international seabed for mining is mounting. Last month, Canadian business The Metals Company (TMC) announced plans to apply to US authorities for permission to mine in international waters. That could mean bypassing a United Nations seabed regulator that has for years been considered the only body capable of giving such approval. The news shocked environmentalists and governments who have been pushing for a mining moratorium to prevent damage to little-understood ecosystems. Deep-sea mining...

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Kimball

U.S. Coast Guard Offloads $200M of Cocaine in San Diego

Published Apr 24, 2025 8:26 PM by The Maritime Executive

  On Thursday, the U.S. Coast Guard cutter USCGC Kimball offloaded more than $200 million worth of South American cocaine at a pier in San Diego, showing the service's long-term dedication to reducing the flow of the lucrative drug to North American and overseas markets.  The total size of the haul came to nearly 19,000 pounds (8.5 tonnes), enough for 8.5 million one-gram retail sales. The service said that the offload was a result of six separate suspected drug smuggling vessel interdictions...

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largest car carrier PCTC vessel

Chinese EV Manufacturer BYD Takes Delivery of Largest Capacity Car Carrier

Published Apr 24, 2025 7:56 PM by The Maritime Executive

Chinese electric vehicle manufacturer BYD and shipbuilder China Merchants are highlighting the delivery of the world’s largest capacity car carrier. The naming ceremony took place for BYD Shenzhen on April 22 in Yizheng, China as the new vessel prepares for its maiden voyage to Brazil. The vessel which is part of a four-ship class designed by Deltamarin marks several key advancements in the sector. Two vessels will be constructed by CMJL Nanjing Shipyard and two by CMHI Jiangsu...

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Offshore

offshore wind farm installation

RWE is Latest to Stop U.S. Offshore Wind Activities

German renewable energy giant RWE is set to announce that it has stopped its offshore activities in the United States and setting higher requirements for future investments because of the “political developments.” The company follows TotalEnergies, Shell, and BP which previously announced they were backing away from projects in the U.S., and Equinor which last week said it is considering “legal remedies” after Trump’s Department of Energy suspending offshore work on a full-permitted wind farm off New York....

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Shipbuilding

Harland & Wolff shipyard

Navantia Accelerates Investments in Harland & Wolff and UK Shipbuilding

Three months after completing the acquisition of the bankrupt Harland & Wolff shipyard in Belfast and the other yards of the group, Spain’s Navantia outlined its plans for increased investment to create what it is calling one of the “UK’s most advanced shipyards.” The investments that are intended to improve productivity, provide faster delivery, and more sustainable manufacturing processes as designed to position the UK group as the UK and European governments are increasing defense spending. Navantia partnered...

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Environment

Liverpool UK

UK and Eni to Start Construction of Liverpool Bay Carbon Storage Project

  The Liverpool Bay CCS project which is a key element of the UK’s HyNet Cluster designed to support industry in the North West of England and North Wales cleared its financial hurdles and will move into construction. The project is a partnership between Italian energy major Eni and the UK Government to support what is being called one of the world’s most advanced CCS clusters. The UK Secretary of State for Energy Security and Net Zero, Ed Miliband, and...

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Business

White House

Shipping Stocks Begin to Regain Losses After Hints of a Tariff Reprieve

  Clear signals that the Trump administration wants to pare back its new tariffs have prompted a market recovery, and key stocks in cruise and commercial maritime have begun to regain the losses they suffered after the April 2 levy announcements - but the course ahead is still far from certain. Trade with China has been hit hardest with a 145 percent blanket tariff rate. Container booking data for mid-May shows that shipments for inbound cargo from China to LA-Long...

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