Thursday, December 11, 2025
Media Kit
Russian Caspian Sea oil platform

Ukraine Strikes Caspian Sea for the First Time, Damaging Lukoil Platform

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cruise ship in dry dock

Fincantieri Floats New Luxury Cruise Ship for Regent Seven Seas

Published Dec 10, 2025 6:36 PM by The Maritime Executive

  Fincantieri’s shipyard in Marghera, Italy, recently completed the float-out of a new luxury cruise ship for Norwegian Cruise Line Holdings’ Regent Seven Seas Cruises. The ship, which is the first of a new class of ultra-luxury cruise ships for the brand, is part of the continuing growth of the segment and expands on the long-standing relationship with the shipyard. Named Seven Seas Prestige, the ship will be 76,550 gross tons when completed with an overall length of 257 meters...

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Durban South Africa

South Africa Completes Deal for Privatization of Durban Container Terminal

Published Dec 10, 2025 5:35 PM by The Maritime Executive

  South Africa’s Transnet officially signed the partnership agreement with International Container Terminal Services (ICTSI) for the privatization and upgrade at the Durban port. It comes more than two years after the deal was first announced and after courts rejected a challenge from Maersk’s APM Terminals. Durban, which accounts for nearly half of South Africa’s container volume, has been plagued with problems and consistently ranked at the bottom of the league tables issued by the World Bank and others. Congestion...

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Cochin Shipyard India

Svitzer to Build Next-Generation Electric Tugs in India

Published Dec 10, 2025 4:32 PM by The Maritime Executive

Svitzer confirmed that it has entered into a shipbuilding order with India’s Cochin Shipyard to build at least four next-generation electric tugs. The shipyard labeled the financial value of the order as “significant,” while it is noted as a critical step in the “Made in India” maritime vision, which calls for the country to become a leading international shipbuilder. The companies had previously announced in October a letter of intent and now report the order has been finalized...

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USCG personnel fast-rope onto the deck of the Skipper (U.S. Department of Justice)

U.S. Seizes Tanker off Venezuela

Published Dec 10, 2025 4:14 PM by The Maritime Executive

  [Breaking] On Wednesday, U.S. forces seized a tanker off the coast of Venezuela, President Donald Trump told reporters. Three U.S. officials have confirmed the development to Reuters.  "We’ve just seized a tanker on the coast of Venezuela — a large tanker, very large, the largest one ever seized actually," Trump said at a press conference. "And other things are happening." According to Windward CEO Ami Daniel, the U.S. Navy "stopped and seized" a sanctioned oil tanker in international waters off the...

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Offshore

Offshore rig in U.S. Gulf

BOEM Holds First Offshore E&P Lease Sale Since 2023

  The Department of the Interior has completed its first offshore oil and gas lease auction in two years, handing out more than one million acres of E&P rights in the U.S. Gulf for a total of about $280 million.  The biggest winners of this auction round were Shell, Chevron and BP, the largest players in the Gulf. In all, more than 200 bids were submitted on parcels amounting to just over one percent of the available lease acreage on...

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Shipbuilding

Bath Iron Works shipyard workers aboard the future USS Harvey C. Barnum Jr. (DDG 124) during sea trials, July 15 (USN file image)

Tech Startup Wants to Reward Generational Transfer of Shipbuilding Skills

  A new startup supported by NOAA's tech accelerator program believes that it has a solution to the loss of older, more skilled workers from America's shipyards: an AI-powered training platform for the next generation, designed to capture and reward the expertise of retirement-age employees before they leave.  Since the pandemic, a generational cycle of retirement has swept the American shipbuilding industry, taking with it the accumulated knowledge of thousands of experienced engineers, welders, fitters and electricians. Their replacements have...

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Environment

tanker with suction sails

EPS Tanker Studied to Determine Results of Wind-Assisted Propulsion

A new study seeks to quantify the beneficial impact of adding wind-assisted propulsion to vessels while also establishing a framework for assessing the technology’s benefits in reducing fuel consumption and emissions. The study, which took place on the Eastern Pacific Shipping product tanker Pacific Sentinel (50,322 dwt), was conducted in association with the Global Center for Maritime Decarbonisation in Singapore.   The authors of the study highlight that one of the key barriers to the adoption of wind-assisted...

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Business

Moby ferry

Italian Court Sides with Grimaldi and Suspends Sale of Moby Ferries to MSC

  An Italian administrative court issues a temporary suspension of the pending sale of five ferries from Moby Lines to MSC’s SAS division as part of a settlement of antitrust issues. The court found merit in a filing by the Grimaldi Group, signaling a new twist in the long-running rivalry between the Grimaldi and Aponte family interests. Grimaldi, which operates ferries in the Mediterranean, has long opposed the efforts by the Aponte’s MSC to acquire Moby Lines, another Italian ferry...

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