Tuesday, December 02, 2025
Media Kit
sinking bulker attacked by Houthis

Philippines Reports Oman Arranged for Release of Crew Held by Houthis

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technology equipped containership

Samsung Heavy Industries and Evergreen Advance Remote Ship Monitoring

Published Dec 1, 2025 9:45 PM by The Maritime Executive

  Continuing to look to the future with remote ship management, shipbuilder Samsung Heavy Industries and Evergreen have opened the first remote monitoring center jointly developed by a shipyard and shipowner. It is the next step in a continuing project between the two companies that anticipates the era of remote autonomous navigation. The Samsung Remote Operation Center was established at Evergreen’s headquarters in Taipei, Taiwan. The companies report that they plan to use the center to expand the use of...

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proposed Irish FSRU project

Ireland Selects Location for First FSRU Project to Secure Gas Supply

Published Dec 1, 2025 8:43 PM by The Maritime Executive

  Gas Networks Ireland, working with the government, reports it is making progress on the critical FSRU project. Known as the Strategic Gas Emergency Reserve, the project is designed to safeguard LNG imports, which have become a critical part of the country’s energy supply. The government approved the project in March, highlighting that currently 80 percent of the country’s LNG supply comes via two interconnectors from Britain. They said that any interruption would have a severe impact on electricity and...

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offshore wind farm

Ocean Winds Secures Financing to Begin Offshore Wind Farm in Poland

Published Dec 1, 2025 8:15 PM by The Maritime Executive

In another bit of positive news for the beleaguered offshore wind power industry, Ocean Winds reports it has secured financing and completed the financial close for one of the first offshore wind farms in Poland. The company, which is a 50-50 joint venture between EDP Renewables and ENGIE, highlights strong support from the European finance community that is making the project possible. The company reports that as part of the financial close, it secured nearly €2 billion (US$2.3...

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Hyundai South Korea shipyard

Hyundai Completes Consolidation of Ulsan Shipbuilding Yards

Published Dec 1, 2025 6:39 PM by The Maritime Executive

  South Korea’s Hyundai Heavy Industries reports it has completed the consolidation of its shipbuilding operations located in Ulsan, South Korea, as of December 1. The company previously operated Hyundai Heavy Industries as the largest builder in the group, with the smaller Hyundai Mipo as a mid-sized builder. The company also owns a third shipbuilder, Hyundai Samho, which remains independent. The group announced the consolidation plan in August. They said the move will support the growth of the...

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Offshore

offshore wind farm

Ocean Winds Secures Financing to Begin Offshore Wind Farm in Poland

In another bit of positive news for the beleaguered offshore wind power industry, Ocean Winds reports it has secured financing and completed the financial close for one of the first offshore wind farms in Poland. The company, which is a 50-50 joint venture between EDP Renewables and ENGIE, highlights strong support from the European finance community that is making the project possible. The company reports that as part of the financial close, it secured nearly €2 billion (US$2.3...

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Shipbuilding

Hyundai South Korea shipyard

Hyundai Completes Consolidation of Ulsan Shipbuilding Yards

  South Korea’s Hyundai Heavy Industries reports it has completed the consolidation of its shipbuilding operations located in Ulsan, South Korea, as of December 1. The company previously operated Hyundai Heavy Industries as the largest builder in the group, with the smaller Hyundai Mipo as a mid-sized builder. The company also owns a third shipbuilder, Hyundai Samho, which remains independent. The group announced the consolidation plan in August. They said the move will support the growth of the...

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Environment

Arctic melting ice

Op-Ed: Arctic States Have Less Than Two Weeks to Act on Polar Fuels

  The Arctic is warming four times faster than anywhere else on Earth, and this is a warning sign for elsewhere on the planet. The shipping sector has been gifted an opportunity to cut black carbon emissions from shipping in the region, which would have a near-immediate positive impact. But time is tight. December 5th is the deadline for countries to submit a crucial proposal for polar fuels, ahead of next February’s meeting of the International Maritime Organization’s Pollution Prevention and...

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Business

Durban container terminal

South Africa Plans to Prosecute Container Carriers for Price Fixing

  South Africa’s Competition Commission has referred a case of alleged collusion and price fixing against eight of the world’s largest container carriers to its Tribunal for prosecution. The case alleges that for over a decade, the carriers conducted a price-fixing scheme. The Commission, which operates under a 1989 law, investigates the cases and if it finds sufficient information, refers the situation to the Tribunal for prosecution. There is also a Competition Appeal Court. The process was set up after...

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