Thursday, December 18, 2025
Media Kit
The supercarrier USS Gerald R. Ford is among the assets positioned off Venezuela (USN file image)

Trump Orders Partial Blockade of Venezuela's Oil Exports

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port of Los Angeles

Port of LA Expects 2025 to be in the Top Three and 2026 to See Some Slowing

Published Dec 17, 2025 7:29 PM by The Maritime Executive

The Port of Los Angeles notes that despite all the uncertainties of 2025 and the rapid changes in trade policies, that it will still have one of its top three years of all time, making it again the only North American port to exceed 10 million TEU in a year. Port executives, however, point to uncertainties and a lack of settled trade policies contributing to a challenging year in 2026 that should see slowed import levels. “Even with all the...

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HMS His Majesty King Saud (F820) (Saudi Ministry of Defense)

Saudi Arabia's First LCS-Based Frigate Launches at Fincantieri

Published Dec 17, 2025 7:12 PM by The Maritime Executive

The first vessel of the Royal Saudi Naval Forces (RSNF) new multi-mission combat ship Tuwaiq Class was this week launched into the water at the Lockheed Martin Marinette shipyard in Wisconsin. HMS His Majesty King Saud (F820) is the first of four vessels being built for the RSNF under Project Tuwaiq, with the keel of the third vessel of the class HMS His Majesty King Abdullah already laid in Marinette back in May 2023. Project Tuwaiq, being developed jointly with...

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Fincantieri shipbuilding

Fincantieri Outlines Plan to Consolidate and Strengthen Shipbuilding Ops

Published Dec 17, 2025 6:54 PM by The Maritime Executive

Italian shipbuilding group Fincantieri outlined its next long-term strategic plan, calling for growing its operations in the defense and underwater segments as well as specialized vessels. By 2030, the group projects it will grow revenues by 40 percent and improve margins and profitability, contributing to a 90 percent increase in EBITDA. The company projects a net profit of €500 million ($587 million) in 2030. Fincantieri points to its strong foundation in shipbuilding with a recognized leadership in cruise ship construction...

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hydrogen-powered bulk carrier

Norway Grants Over $120M for Hydrogen and Ammonia Ships and Bunkering

Published Dec 17, 2025 6:53 PM by The Maritime Executive

Norway announced a new round of financing grants valued at more than $120 million as it continues to support the conversion to zero—emissions fuels in shipping and other segments. Providing the support through Enova, a state enterprise owned by the Ministry of Climate and Environment, Norway seeks to build new industry and develop leadership in the new segments of the economy while reaching its goals for decarbonization. The new round focuses on seven ships, which it views as pioneers in...

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Offshore

Ocean City Maryland

Court Denies Motion for Injunction of BOEM’s Review of Maryland COP

A federal court judge in Maryland has denied a request by offshore wind developer US Wind for a preliminary injunction against the federal government in its ongoing fight to save its planned offshore wind project off Ocean City, Maryland. It is the latest twist in the ongoing court battle over Maryland’s first offshore wind project and the broader battle against the Trump administration’s efforts to derail the industry and revoke existing permits. US Wind, which is a partnership between investment...

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Shipbuilding

HMS His Majesty King Saud (F820) (Saudi Ministry of Defense)

Saudi Arabia's First LCS-Based Frigate Launches at Fincantieri

The first vessel of the Royal Saudi Naval Forces (RSNF) new multi-mission combat ship Tuwaiq Class was this week launched into the water at the Lockheed Martin Marinette shipyard in Wisconsin. HMS His Majesty King Saud (F820) is the first of four vessels being built for the RSNF under Project Tuwaiq, with the keel of the third vessel of the class HMS His Majesty King Abdullah already laid in Marinette back in May 2023. Project Tuwaiq, being developed jointly with...

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Environment

hydrogen-powered bulk carrier

Norway Grants Over $120M for Hydrogen and Ammonia Ships and Bunkering

Norway announced a new round of financing grants valued at more than $120 million as it continues to support the conversion to zero—emissions fuels in shipping and other segments. Providing the support through Enova, a state enterprise owned by the Ministry of Climate and Environment, Norway seeks to build new industry and develop leadership in the new segments of the economy while reaching its goals for decarbonization. The new round focuses on seven ships, which it views as pioneers in...

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Business

Hayato Suga

Shaping Class for the Future

This has been a significant year for ClassNK and for Hayato Suga, who stepped up to the role of President & CEO in March. Drawing on 40 years of ClassNK experience, the new CEO suggests shipping needs additional support from classification societies at a time when "boundaries between industries are becoming increasingly blurred due to environmental challenges and digital transformation." "It is our responsibility to work with customers to provide certification and related services in a timely manner that meet...

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