Sunday, May 18, 2025
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USTR and South Korea Trade

Korean Shipbuilders Meet with USTR Greer and Discuss Ships and Port Cranes

Published May 16, 2025 6:00 PM by The Maritime Executive

  South Korea’s shipbuilding industry continues to seek opportunities to build business through cooperation while taking advantage of the U.S.’s efforts to restore capabilities and address Chinese domination in shipbuilding. On Friday, May 16, two of the country’s largest shipbuilders had the opportunity to meet with U.S. Trade Representative Jamieson Greer while he was in the country for a meeting of Asian trade ministers. Greer was part of the U.S. delegation attending the Asia-Pacific Economic Cooperation (APEC) two-day conference on...

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port bombing

Israel Bombs Two Houthi-Controlled Ports and Warns of More Actions

Published May 16, 2025 4:21 PM by The Maritime Executive

The Israel Defense Force late on Friday, May 16, launched two powerful attacks on the Houthi-controlled ports of Hodeidah and Al-Salif saying that they believed the ports would be out of commission for months. The Israelis also warned of more attacks if the Houthis persist in their missile and drone launches. Israel also cited its past efforts at targeting terrorist leaders. Early reports are saying that there were ten strikes split between the two ports. The IDF acknowledged...

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missile launch RN destroyer

Royal Navy Reports HMS Dragon Downed First Supersonic Sea-Skimming Target

Published May 16, 2025 2:40 PM by The Maritime Executive

The Royal Navy is reporting for the first time that one of its advanced Air Defence Destroyers, HMS Dragon, has downed a supersonic sea-skimming target. It was a test of a specially-modified Sea Viper missile system carried out during a month-long NATO exercise currently off Scotland. During the exercise, HMS Dragon, the fourth of the Air Defence Destroyer class, commissioned in 2012, was working with other NATO ships conducting missile firing. For this test, they were working with...

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rescue Indian Coast Guard

Indian Coast Guard Rescues Crew Found Drifting in a Dinghy

Published May 16, 2025 2:16 PM by The Maritime Executive

  Six seafarers are thanking the Indian Navy and the lucky chance that they were spotted by a passing vessel while they were adrift in a small dinghy. They were safely rescued and brought to an Indian port, reported to be in good health. The LPG tanker Epic Susui (8,100 dwt) operated by BW Epic Kosan was sailing from Duqm, Oman to Chittagong, Bangladesh when it contacted the Indian Coast Guard on Wednesday, May 14, reporting that it had spotted...

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Offshore

offshore wind farm

UK Must Realize Its Biggest Allocation Round This Year to Meet Energy Goals

Without action to address price inflation, capital cost, and UK supply chain competitiveness, the UK’s offshore energy industry trade association OEUK warns the UK will fail to meet the government’s Clean Power 2030 (CP30) targets. The group is recommending a series of government investments building on the efforts launched by the Labour government since coming to power in 2024 while highlighting that the September wind allocation round (AR7) will have to be the biggest ever if the UK...

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Shipbuilding

Russian shipbuilding

Russia Plans $6.2B Outlay to Build 1,600 Commercial Ships by 2036

The Russian government mapped out its ambitious plans to modernize and expand its national fleet to counter the impact of foreign sanctions and restrictions. The shipbuilding industry is one of the hardest hit by the restrictions on exports of advanced technology and machinery to Russia since the start of the war in Ukraine. Russian Prime Minister Mikhail Mishustin has spoken out on the efforts to fulfil the plans called for by President Vladimir Putin. Mishustin outlined today, May...

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Environment

LCO2 carrier launch

Video: Carbon Destroyer 1, EU’s First CO2 Carrier for CCS is Launched

The first European-designed and built carrier for liquified CO2 to be used in a carbon capture and storage operation was launched on May 14 in the Netherlands. The vessel is being called a breakthrough designed to support a commercial-scale CCS project for the EU. The launch took place at the Royal Niestern Sander shipyard. The Carbon Destroy 1 will have a capacity to transport approximately 5,000 tons of liquified CO2 as part of the Greensand Future project. The...

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Business

USTR and South Korea Trade

Korean Shipbuilders Meet with USTR Greer and Discuss Ships and Port Cranes

  South Korea’s shipbuilding industry continues to seek opportunities to build business through cooperation while taking advantage of the U.S.’s efforts to restore capabilities and address Chinese domination in shipbuilding. On Friday, May 16, two of the country’s largest shipbuilders had the opportunity to meet with U.S. Trade Representative Jamieson Greer while he was in the country for a meeting of Asian trade ministers. Greer was part of the U.S. delegation attending the Asia-Pacific Economic Cooperation (APEC) two-day conference on...

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