Saturday, November 22, 2025
MORE TOP STORIES
Thessaloniki Greece

Thessaloniki Port Expansion Begins as US Calls for Alternatives to COSCO

Published Nov 21, 2025 3:08 PM by The Maritime Executive

  An agreement was signed to put into motion the planned expansion of the Port of Thessaloniki in northeastern Greece. While historically a smaller operation, the expansion comes as the United States has been calling for Greece to take steps to lessen the influence of China in Greek ports. Port officials are calling the new project “the most important upgrade project in the history of the Port of Thessaloniki.” A port since ancient times, Thessaloniki has seen a rapid expansion...

Continue Reading...
LNG gas carrier

LNG Shipping Shortage Behind Dramatic Hike in Atlantic Rates

Published Nov 21, 2025 2:04 PM by The Maritime Executive

  Increased production of LNG in West Africa and the United States, and delays in discharges at Egyptian LNG terminals, has prompted a short squeeze on LNG shipping availability. Rates have increased dramatically over the past three weeks. LNG freight was being offered at $170,000 per day on the follow in the London market on the morning of November 21. This represents a 150 percent rise in rates in comparison with the Atlantic $75,000 per day rate being quoted two...

Continue Reading...
Iranian Navy in port

Iranian Navy Loitering in Bandar Abbas Harbor

Published Nov 21, 2025 1:25 PM by The Maritime Executive

  On a visit earlier this month to the headquarters of the IRGC Navy's 2nd Naval District in Bushehr, Deputy Chief of the Armed Forces Brigadier General Ahmad Vahidi stated that the presence of Iranian naval forces on Iran's maritime borders “instills such fear in enemies that they do not even dare to look sideways at these waters and lands.” During his visit, Brigadier Vahidi inspected some speedboats and a gallery of IRGC Navy martyrs who have fallen on operations...

Continue Reading...
Zhangjiang Bay 1 at launch (Bestway)

Chinese Yard Delivers DP-Capable Floating Fish Farm Ship

Published Nov 20, 2025 11:25 PM by The Maritime Executive

  China's Jiangsu Dajin Heavy Industry Co. has delivered a unique world's first: a DP-capable, ship-shaped, cage-type aquaculture vessel for oceangoing service. The unusual ship design will be deployed off the coast of Naozhou Island, Zhanjiang, where it will be initially used to raise yellow croaker. The new Zhanjiang Bay 1 is a "mobile marine ranch," according to Chinese state media. It is designed to raise multiple species within one fish farm, and has 12 separate production bays. Targeted production is...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

offshore wind farm Denmark

Denmark Adds Subsidies as it Takes New Try at Offshore Wind Farm Tender

The Danish Energy Agency returned to the market for offshore wind farms, announcing the opening of a new round of tenders for three projects, which will run through 2028. It comes after the country failed to receive bids in a 2024 round and incorporates revisions based on the input from the market. While it was not unexpected based on changes in the market, the agency still said it was disappointed in December 2024 when it failed...

Continue Reading...

Shipbuilding

Zhangjiang Bay 1 at launch (Bestway)

Chinese Yard Delivers DP-Capable Floating Fish Farm Ship

  China's Jiangsu Dajin Heavy Industry Co. has delivered a unique world's first: a DP-capable, ship-shaped, cage-type aquaculture vessel for oceangoing service. The unusual ship design will be deployed off the coast of Naozhou Island, Zhanjiang, where it will be initially used to raise yellow croaker. The new Zhanjiang Bay 1 is a "mobile marine ranch," according to Chinese state media. It is designed to raise multiple species within one fish farm, and has 12 separate production bays. Targeted production is...

Continue Reading...

Environment

sailboat bound for Antarctica

Racing Team Launches Scientific Mission to Antarctica on Aluminum Sailboat

A team of researchers led by environmental advocate Boris Herrmann is undertaking an audacious scientific expedition to a remote archipelago at the north-eastern tip of the Antarctic Peninsula. The mission marks the maiden voyage for an aluminum sailboat and team best known for its competitive racing. Team Malizia, a professional offshore sailing team that has been racing around the world, says its goal is to create awareness of environmental issues. Known as competitors in races including The Ocean...

Continue Reading...

Business

LNG gas carrier

LNG Shipping Shortage Behind Dramatic Hike in Atlantic Rates

  Increased production of LNG in West Africa and the United States, and delays in discharges at Egyptian LNG terminals, has prompted a short squeeze on LNG shipping availability. Rates have increased dramatically over the past three weeks. LNG freight was being offered at $170,000 per day on the follow in the London market on the morning of November 21. This represents a 150 percent rise in rates in comparison with the Atlantic $75,000 per day rate being quoted two...

Continue Reading...