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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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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The fire aboard USS Bonhomme Richard caused $3 billion in damage and the ship was declared a total loss (USN)

GAO: Five Years After Bonhomme Richard, Navy Still Lagging on Fire Safety

Published Dec 17, 2025 6:50 PM by The Maritime Executive

Five years after the destruction of the amphib USS Bonhomme Richard in San Diego, the Navy is still falling short on fire prevention during in-port ship repair periods, according to the Government Accountability Office (GAO). In a new report, the watchdog agency says that staff shortages have left some commands too overtasked to deal properly with fire prevention, and that hiring limits imposed by the Trump administration have impeded efforts to staff up. Maintenance availabilities are among the most dangerous...

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ammonia-fueled containership

Hapag and NCL Win Tender from Major Brands for E-Fuel Container Shipping

Published Dec 17, 2025 6:43 PM by The Maritime Executive

A buyers alliance made up of major brands, including Amazon, Patagonia, IKEA, Nike, and others, awarded its second tender for low-emission container shipping to Hapag-Lloyd and North Sea Container Lines. The project aggregates demand from the shippers to help drive the use of new alternative low-emission fuels. Known as the Zero Emission Maritime Buyers Alliance (ZEMBA), the group launched its second tender in February 2025, focusing specifically on e-fuels. They announced today, December 17, that they decided to split the...

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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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