Saturday, December 06, 2025
Media Kit
fire-damaged sanctioned tanker off Bulgaria

Shadow Tanker Mystery Continues as Crew Waits for New Tow off Bulgaria

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Containership in the Suez Canal

CMA CGM Set to Restore First Route Through Suez/Red Sea

Published Dec 5, 2025 6:44 PM by The Maritime Executive

French carrier CMA CGM is reportedly poised to become the first major carrier to restore service on one of its routes transiting the Red Sea and Suez Canal. While the industry expects the return, many have cautioned that it would be slow and only proceed as they felt assured of the safety of the crew and vessel. “CMA CGM’s announcement of a full east-west loop via Suez is certainly a notable step in the right direction,” said Peter...

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drifting tanker

Bulgaria Responds to Mystery as Sanctioned Tanker Drifts Toward Shore

Published Dec 5, 2025 5:47 PM by The Maritime Executive

  The mystery around the sanctioned tanker Kairos (149,989 dwt) is continuing to grow as the vessel, which was attacked with a drone last week, is now reported drifting off Bulgaria. The Bulgarian authorities are seeking to assure the population that there is no immediate danger while they continue to monitor the vessel, which is now requesting an evacuation. Kairos was the first of two tankers attacked by the Ukrainians off Turkey on November 28. The tanker, which...

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Maersk containership

Maersk is Proceeding with Ethanol Tests After First Successful Trial

Published Dec 5, 2025 4:15 PM by The Maritime Executive

  Maersk reports it completed a first, successful trial of blending ethanol into methanol to create an alternative fuel for its vessels. It plans to proceed with increased levels of ethanol and 100 percent ethanol tests as it explores steps to enlarge the availability and sourcing pool for alternative fuels for its dual-fuel vessels. One of the challenges Maersk and other shipowners have pointed to is the availability of methanol and other alternative fuels and the ability of suppliers to...

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oil well

Eye on Energy: The IEA Struggles With Its Mandate

Published Dec 5, 2025 4:14 PM by G. Allen Brooks

  The 1973 Arab oil embargo significantly altered the global energy market.  No longer were the Seven Sisters (the Anglo-American fraternity of major oil companies) in charge. Decisions about oil production and supply were to be made by the Organization of the Petroleum Exporting Countries (OPEC), an alliance established in 1960 in response to pressure from Western oil companies on oil prices and, consequently, the profits of the exporting countries. In retaliation for Western governments' support of Israel's defense against...

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Offshore

German offshore wind farm

Wind Farm to Power Amazon and Google Sends First Power to German Grid

  The Borkum Riffgrund 3 offshore wind farm started feeding its first power to the German grid on December 3. The wind farm marks another milestone both for Germany and the EU, becoming the largest offshore wind farm in Ørsted’s German portfolio and one that has contracted more than four-fifths of its power with long-term corporate power purchase agreements. Located about 45 miles off the German coast in the North Sea, the project is being developed in a partnership between...

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Shipbuilding

Courtesy Saronic

At WorkBoat 2025, Cost Control Takes Center Stage

  American operators often get sticker shock when pricing out new vessel tonnage these days, and at WorkBoat 2025, vessel affordability was at the top of the agenda. How can yards bring down the cost of construction, and how can owners, naval architects and engineers write specs for value - not just perfection? TME asked around the show to find out, and came away with a few answers - some well-known, some less so.  Well-known solutions First, there are a few...

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Environment

Maersk containership

Maersk is Proceeding with Ethanol Tests After First Successful Trial

  Maersk reports it completed a first, successful trial of blending ethanol into methanol to create an alternative fuel for its vessels. It plans to proceed with increased levels of ethanol and 100 percent ethanol tests as it explores steps to enlarge the availability and sourcing pool for alternative fuels for its dual-fuel vessels. One of the challenges Maersk and other shipowners have pointed to is the availability of methanol and other alternative fuels and the ability of suppliers to...

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Business

HMM containershp

Renewed Speculation of Potential Bidders to Acquire HMM

  Korean media reports suggest that there continues to be exploration over the possible privatization of container carrier HMM, nearly two years after a prior attempt collapsed. According to Korea’s Maeil Business Newspaper group, the food and logistics giant Dongwon Group has decided to renew its exploration to formulate an offer for the company. Next year will mark a decade since the government stepped in to rescue Hyundai Merchant Marine. It took majority ownership through the Korea Development Bank and...

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