Tuesday, March 25, 2025
Media Kit
Taiwan inspecting Chiense vessel

Video: Taiwan Detains Chinese Fuel Barge Operating Without Registration

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Damage to shoreside infrastructure near Odesa after a drifting sea mine detonated in the surf zone (Operational Command South)

U.S.-Russian Talks on Black Sea Ceasefire Wrap Up in Riyadh

Published Mar 24, 2025 7:17 PM by The Maritime Executive

  U.S. and Russian negotiators have wrapped up their first day of talks on a Black Sea ceasefire, according to Russian media. The Saudi-hosted conversation in Riyadh lasted 12 hours, and the details of the results should be released tomorrow in a joint statement. Diplomats from most Black Sea nations were not present, but Ukrainian representatives gave their input to the U.S. delegation on Sunday and were on hand nearby for consultation on Monday.  The outlines of a ceasefire deal...

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A U.S. Navy destroyer launches missiles at Houthi targets, a campaign described in war plans leaked to Jeffrey Goldberg of The Atlantic (USN)

U.S. National Security Leaders Leaked Houthi War Plans to a Journalist

Published Mar 24, 2025 5:07 PM by The Maritime Executive

  Senior members of the Trump administration, including the secretary of defense, accidentally texted the Pentagon's future war plans for bombing strikes in Yemen to a journalist whom they had invited into a group chat. The White House has confirmed that the conversation was authentic, acknowledging that some of the most well-known names in the Trump administration leaked the positions and planned operations of U.S. Navy and Air Force servicemembers in Yemen to a reporter. In addition to the security...

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AMP Terminal Elizabeth New Jersey

Maersk Will Invest Over $500M as Part of 33-Year Port NY/NJ Lease Extension

Published Mar 24, 2025 4:58 PM by The Maritime Executive

The Port Authority of New York and New Jersey and Maersk’s APM Terminals have agreed to a 33-year lease extension for the port’s second-largest container terminal. The company plans to make significant investments in the terminal located in Elizabeth, New Jersey in support of the port’s long-term growth plan. According to the port, the lease extension which will be voted on by the Porth Authority’s board on March 27, takes a unique, nontraditional approach of incorporating performance, infrastructure,...

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dry bulker carrier concept

Competing Japanese Yards Partner for Efficiency and Improved Bulker Design

Published Mar 24, 2025 4:30 PM by The Maritime Executive

Two of Japan’s leading shipbuilders, Onomichi Dockyard and Tsuneishi Shipbuilding, have taken the unusual step of partnering to develop designs for a new dry bulk carrier. The project sought to leverage the experience and expertise of each yard to advance the design concepts for a vessel they are calling Bingo 42 (Beyond Innovation, Navigating Green Ocean). The shipyards highlight that traditionally each yard undertakes all stages of design from basic design to production. They note it creates a...

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Offshore

FLNG

Delfin Receives MARAD Approval for FLNG Export Terminal in U.S. Gulf

  FLNG developer Delfin has secured a long-sought license from the Maritime Administration to install a three-unit FLNG liquefaction hub in the U.S. Gulf, based around existing infrastructure.  Its proposed Delfin LNG project centers on the UTOS pipeline, or U-T Offshore System. The pipeline runs from Cameron Parish out into the U.S. Gulf, and was originally built to bring gas from offshore wells back to land for processing and sale. Former owner Enbridge shut down the pipeline in 2011 as...

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Shipbuilding

dry bulker carrier concept

Competing Japanese Yards Partner for Efficiency and Improved Bulker Design

Two of Japan’s leading shipbuilders, Onomichi Dockyard and Tsuneishi Shipbuilding, have taken the unusual step of partnering to develop designs for a new dry bulk carrier. The project sought to leverage the experience and expertise of each yard to advance the design concepts for a vessel they are calling Bingo 42 (Beyond Innovation, Navigating Green Ocean). The shipyards highlight that traditionally each yard undertakes all stages of design from basic design to production. They note it creates a...

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Environment

tanker with CO2 capture system

First LR1 Tanker Fitted with Scrubber and Carbon Capture Dual System

  The first LR1 tanker has been fitted with a combined system from Value Maritime to capture carbon emissions while also scrubbing exhaust gas for particulate matter. The tanker, Nexus Victoria (75,000 dwt) is also reported to be the largest vessel to incorporate Value Marine’s SOx scrubber with advanced carbon capture technology. The installation was recently completed in Singapore aboard the tanker, which is owned by Mitsui O.S.K. Lines and registered in the Isle of Man. The tanker, which is...

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Business

A newbuild order for three luxury cruise ships for Crystal Cruises, one of many signed in 2024 (Fincantieri)

Fincantieri Reports a Banner Year: Record Sales and a Return to Profit

  2024 was a year for the history books for Italian shipbuilder Fincantieri. The cruise, defense and offshore shipbuilder raked in orders worth more than $16 billion, setting a new company record. Together with deliveries of 20 new ships to customers, it was enough to return Fincantieri to the black a year ahead of expection, ending a difficult run after the challenging years of the pandemic era took a toll on cruise orderbooks.  Fincantieri saw EBITDA margin increase markedly to...

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