Friday, November 21, 2025
Media Kit
Piraeus Greece container terminal

China Denounces US Suggestion for Greece to Sell COSCO’s Piraeus Concession

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vessel in dry dock

“Pay as You Save” Model Launched to Encourage Green Refits

Published Nov 20, 2025 7:51 PM by The Maritime Executive

The financial community is partnering with the Global Centre for Maritime Decarbonization to launch a novel financing mechanism, which they believe will help to overcome the barriers slowing retrofits of ships to make them more efficient and reduce emissions. They point out that uncertainty over the fuel savings, difficulties in predicting ROI, and the split-incentive issues between shipowners and charters are some of the key barriers to these refits, and which they believe they can overcome with their...

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A drug boat stopped and destroyed by USCGC Stone, one of 15 the cutter has intercepted since September (USCG)

U.S. Coast Guard Sees No Drop in Cocaine Boat Traffic After Lethal Strikes

Published Nov 20, 2025 6:54 PM by The Maritime Executive

  New drone strikes on drug smuggling boats have not been holding back the Coast Guard's performance in daily cocaine seizures, according to a top USCG commander for the region. If anything, the numbers have been going up, as demonstrated by the new record set by USCGC Stone's crew over the last few months. The volumes captured are better than ever; if smugglers are deterred by the threat of a lethal strike, it hasn't yet affected boat traffic, the...

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Bosphorus Turkey

Turkey Detains Officer After Poisoning Incident on Tanker

Published Nov 20, 2025 5:38 PM by The Maritime Executive

The chief officer working aboard a Turkish-owned tanker is being detained as the authorities investigate a poisoning incident. One crewmember was killed and two others remain in critical condition due to a buildup and release of toxic gases aboard the vessel, which was anchored in the Sea of Marmara. The emergency call went out at approximately 1730 on November 19, reporting that one crewmember had collapsed, and two others were injured. The Turkish Coast Guard responded along with...

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Welding robots at work on a panel at HD Hyundai (HD Hyundai)

HD Hyundai Becomes First Yard Ever to Build 5,000 Ships

Published Nov 20, 2025 3:26 PM by The Maritime Executive

  HD Hyundai has passed a major milestone with the delivery of its 5,000th ship, making it the most prolific shipbuilder in history - all in just 50 years.  The total count came mostly from HD Hyundai's main yard (HHI), but HD Hyundai Mipo and HD Hyundai Samho together account for a bit less than half. Stacked bow-to-stern, the line of HD Hyundai's delivered ships would extend from Seoul all the way to Tokyo, the yard said.  "Our 5,000-vessel milestone...

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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...

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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...

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Environment

derelict cargo ship used for drug smuggling

Video: Florida Reefs Abandoned Cargo Ship Used by Smugglers

Officials in Florida came up with a novel way to dispose of a small cargo ship that was seized more than a decade ago while smuggling cocaine. The vessel, which was last known as the Borocho, was added to the state’s artificial reef program. The saga of the vessel, which was built in 1977 in Japan, began in September 2014 when the U.S. Coast Guard cutter Bear was on patrol in the Caribbean. The USCG identified the vessel...

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Business

vessel in dry dock

“Pay as You Save” Model Launched to Encourage Green Refits

The financial community is partnering with the Global Centre for Maritime Decarbonization to launch a novel financing mechanism, which they believe will help to overcome the barriers slowing retrofits of ships to make them more efficient and reduce emissions. They point out that uncertainty over the fuel savings, difficulties in predicting ROI, and the split-incentive issues between shipowners and charters are some of the key barriers to these refits, and which they believe they can overcome with their...

Continue Reading...