Wednesday, December 24, 2025
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ZIM sammy ofer container ship

Takeover Offers Prompt Debate Over ZIM's National Security Role

Published Dec 23, 2025 11:14 PM by The Maritime Executive

Shares in Israeli container line ZIM soared in value on Tuesday after the company's board said that it is evaluating a possible private buyout. At least one offer has already been declined, but two foreign offers are still under consideration, according to Israeli media. The buyout competition started last month with an offer from the firm's sitting CEO, Eli Glickman, who proposed to take ZIM private in cooperation with Israeli businessman Rami Unger. ZIM's boardmembers solicited competing offers in order...

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Russian Ministry of Emergency Situations

Floating Crane Catches Fire at Russian Ship Repair Yard

Published Dec 23, 2025 8:44 PM by The Maritime Executive

On Tuesday, a major fire broke out at a small ship repair yard in Nizhy Novgorod, a city on the Volga in western Russia. The Ministry of Emergency Situations of Russia reported that a fire damaged a floating crane at the Borskaya Ship Repair Company, a commercial river-sea freighter repair yard. Fuel spilled from the vessel and burned over an area of about 1000 square feet, the agency said. Photos provided by the ministry show firefighters applying foam in quantity...

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USS Trump

Venezuela's Oil Exports Grind Towards a Halt Under U.S. Pressure

Published Dec 23, 2025 7:04 PM by The Maritime Executive

Venezuela is having difficulty in getting its oil to market due to U.S. tanker seizures in the Caribbean, multiple officials told the New York Times and Reuters. Two laden VLCC tankers have been captured by the U.S. Coast Guard; another has been "pursued" back into the Atlantic without capture; at least several more have turned around mid-voyage, according to TankerTrackers.com; multiple tanker owners have declined signing new charters for future Venezuelan loadings, officials said; and about 30 tankers are stranded...

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large gas carrier designed for ammonia shipping

JERA Advances Plans to Ship Ammonia Produced in Louisiana to Japan

Published Dec 23, 2025 6:59 PM by The Maritime Executive

Japan’s largest power generation and energy company, JERA, is advancing its plans to ship low-carbon ammonia from a production facility in Louisiana to Japan to fuel a power generation plant. The project, working with shipping companies NYK and Mitsui O.S.K., is expected to become the first commercial-scale effort to import ammonia fuel to Japan. The companies announced that they have signed contracts which will lead to the development of very large gas carriers designed specifically for ammonia transport. Mitsui O.S....

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Offshore

wind turbine installation

U.S. Offshore Wind Developers Stop Work and Explore Next Steps

From New England to the Mid-Atlantic regions, offshore wind developers reported they were complying with the government order to suspend offshore installation work while also expressing frustration. The Bureau of Ocean Energy Management followed up the public announcement with a written notification to the developers of the five projects ordering them to stop their offshore work on the Outer Continental Shelf while the government conducts a review. Several of the projects highlighted that they were just weeks away from beginning...

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Shipbuilding

Trump Class

Trump: Trump-Class Battleship Will be Flagship for Navy's New Golden Fleet

President Donald Trump has announced plans to order a future "Trump-class" battleship in large quantities, and says that he will press defense contractors to deliver it quickly. "They'll be the fastest, the biggest, and by far 100 times more powerful than any battleship ever built," the president said at a press conference at his Mar-a-Lago estate on Monday afternoon. In a statement, the White House confirmed that the class would be "the most lethal surface combatant ever constructed." Illustrations show...

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Environment

large gas carrier designed for ammonia shipping

JERA Advances Plans to Ship Ammonia Produced in Louisiana to Japan

Japan’s largest power generation and energy company, JERA, is advancing its plans to ship low-carbon ammonia from a production facility in Louisiana to Japan to fuel a power generation plant. The project, working with shipping companies NYK and Mitsui O.S.K., is expected to become the first commercial-scale effort to import ammonia fuel to Japan. The companies announced that they have signed contracts which will lead to the development of very large gas carriers designed specifically for ammonia transport. Mitsui O.S....

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Business

Happy holidays

Happy Holidays From the Team at The Maritime Executive

Season's greetings from The Maritime Executive! Thank you for visiting our website, subscribing to our newsletter and reading our magazine. Thanks to you, the reader, it was a banner year for TME - and we're pleased to celebrate it with you. Whether you're a shipowner, shipbuilder, merchant mariner, a supplier or in vessel operations, The Maritime Executive promises to meet your industry news and information needs in 2025. Happy Holidays and a happy New Year!

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