Tuesday, October 21, 2025
Media Kit
Iranian oil tanker

Iranian Tankers Go Back Into The “Dark Ages”

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Russian gas carrier

EU Council Agrees on Plan and Date to End Russian Gas Imports

Published Oct 21, 2025 5:37 PM by The Maritime Executive

  The European Union (EU) is advancing plans to exert more pressure on Russia’s economy with a commitment to continue reducing gas imports and impose a total ban in 2028. Following Russia’s invasion of Ukraine, the bloc now accepts that stopping gas imports is critical in denying Moscow the resources needed to sustain the aggression. European Union energy ministers approved a plan at the European Council on October 20 to gradually reduce both pipeline gas and liquefied natural gas (LNG)...

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wind turbine installation vessel

DEME Takes Delivery of Large WTIV with Hybrid Power to Reduce Emissions

Published Oct 21, 2025 5:20 PM by The Maritime Executive

Belgium’s DEME Group is advancing ambitions to expand its role as a major player in offshore wind installations after taking delivery of an installation vessel that is being touted as having the capabilities to deliver some of the largest projects in the world. The first of two new vessels being delivered to the company in the coming months, it also uses new technology to be more sustainable. Just seven months after paying $1 billion to acquire Norway-based offshore...

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Red Sea area airfields

Network of Airfields in Place Along Red Sea and Gulf of Aden

Published Oct 21, 2025 5:11 PM by The Maritime Executive

  Since Houthi forces began attacking merchant vessels in the lower Red Sea and the Gulf of Aden, traffic using the Maritime Security Transit Corridor (MSTC) linking the Suez Canal to the Gulf and Asia has been much reduced. Despite receiving a pummeling from both American and Israeli forces, the Houthis' anti-shipping capability remains intact, ready to be reactivated at the whim of the Houthi leadership. A political solution, or a decisive turn in Yemen's civil war, which would put...

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offshore wind farm

BP-JERA JV Pulls Plug on US Offshore Wind Citing Unfavorable Market

Published Oct 21, 2025 4:19 PM by The Maritime Executive

The joint venture company formed between BP and JERA announced that it has decided not to proceed at this time with the development of its Beacon Wind project off the coast of Massachusetts. Calling it a “difficult decision,” the companies said they had determined to reduce activities in the United States to “a minimal level,” reporting they will close operating activities in the market and dismiss all staff team members. “Unfortunately, in the present environment, we see no viable path...

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Offshore

offshore wind farm

BP-JERA JV Pulls Plug on US Offshore Wind Citing Unfavorable Market

The joint venture company formed between BP and JERA announced that it has decided not to proceed at this time with the development of its Beacon Wind project off the coast of Massachusetts. Calling it a “difficult decision,” the companies said they had determined to reduce activities in the United States to “a minimal level,” reporting they will close operating activities in the market and dismiss all staff team members. “Unfortunately, in the present environment, we see no viable path...

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Shipbuilding

wind turbine installation vessel

DEME Takes Delivery of Large WTIV with Hybrid Power to Reduce Emissions

Belgium’s DEME Group is advancing ambitions to expand its role as a major player in offshore wind installations after taking delivery of an installation vessel that is being touted as having the capabilities to deliver some of the largest projects in the world. The first of two new vessels being delivered to the company in the coming months, it also uses new technology to be more sustainable. Just seven months after paying $1 billion to acquire Norway-based offshore...

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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

NYSE stock exchange bell

Companies Change Stockholding and Board Members to Avoid China’s Port Fees

There had been reports that companies were considering restructuring steps in the face of the uncertainties created by the special port fee programs introduced by the U.S. and China. Several companies, based on recent stock exchange filings, have quietly taken several steps targeting their ownership profile and composition of their boards to reduce the risk of being deemed a “U.S.-controlled” company by the Chinese authorities. Lawyers pointed to the ambiguities in the programs and the definitions of ownership....

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