Friday, March 29, 2024
MORE TOP STORIES
Baltimore Bridge strike

Baltimore Bridge Strike Could Be the Most Expensive Marine Casualty Ever

Published Mar 28, 2024 6:02 PM by The Maritime Executive

Lloyd's of London expects that the payout for the Baltimore bridge strike will be exceptionally expensive, and it may even be the "largest ever marine-insured loss" - bigger perhaps than the Costa Concordia.  When the boxship Dali hit the Francis Scott Key Bridge on Tuesday morning, it killed six people, collapsed a major highway thoroughfare, and blocked off access to Baltimore's harbor. The physical damage was massive and costly, but it will be the secondary impacts to business that really...

Continue Reading...
Key West Florida

Florida Permits Larger Cruise Ships in Key West Over Local Objections

Published Mar 28, 2024 5:58 PM by The Maritime Executive

Florida’s Governor Ron DeSantis on Tuesday approved a new long-term lease for a pier in Key West making it possible for larger cruise ships to call at the popular port despite the ongoing objections of the majority of the residents of the resort town. It is the latest step in a multi-year battle between environmental groups supported by local residents and the state government to reduce the size and number of cruise ships docking in the port. Tuesday’s...

Continue Reading...
containers trapped in Baltimore

CMA CGM Declares “Force Majeure” in Response to Baltimore Bridge Collapse

Published Mar 28, 2024 4:50 PM by The Maritime Executive

  The major carriers are scrambling to assist customers and formulate plans in the wake of this week’s incident suspending vessel traffic in the Port of Baltimore indefinitely. While there were no container vessels on dock at the time of the incident, CMA CGM reports that the terminal stopped receiving exports as of 11 a.m. on March 26, prompting the carrier to issue a notice of Force Majeure today to customers. CMA CGM is informing customers of contingency plans under...

Continue Reading...
Royall Navy Auxiliary vessel

UK for First Time Sends Auxiliary Ships to India for Maintenance

Published Mar 28, 2024 3:18 PM by The Maritime Executive

  The UK Royal Navy confirmed that for the first time, it has sent two of its auxiliary vessels to India to undergo essential maintenance. It follows a similar move by the U.S. Navy in 2022, all part of the efforts to strengthen Western ties with India. The Royal Fleet Auxiliary vessels RFA Argus and RFA Lyme Bay arrived in India at the L&T Shipbuilding (Larsen & Toubro) Kattupalli shipyard near Chennai, India. The Royal Navy did not provide details...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

offshore wind energy

Strong Interest in NE Wind Solicitation as Ørsted, Avangrid, CIP Bid

  Experts are predicting strong participation in the New England regional offshore wind energy solicitation due to close today. Announced in October 2023, the program coordinated the next phase of wind energy projects between Connecticut, Massachusetts, and Rhode Island and was designed to counter some of the pressures that slowed the industry’s progress in 2023.  Where companies including Ørsted were moving to withdraw from projects and canceling power purchase agreements in 2023, the same companies are now aggressively bidding for...

Continue Reading...

Shipbuilding

Davie Shipyard icebreaker

After Long Battle, Davie Secures National Shipbuilding Strategy Order

Davie Shipbuilding has secured its first contract under Canada's National Shipbuilding Strategy (NSS) for the design of the Canadian Coast Guard's six-ship Program Icebreaker series. The award vindicates Davie's decade-long effort to become a designated NSS shipyard and secure a share of the program. Details on delivery timeline and vessel cost have not been released. "The new fleet will be symbolic of Canada’s Arctic presence and crucial to keeping our country open for business year-round," said Public Services Minister Jean-Yves Duclos...

Continue Reading...

Environment

British trawler in Weymouth

NGO Sues UK Government Over International Fishing Quotas

  UK’s environmental group Blue Marine Foundation has sued the British government for setting fishing quotas above sustainable levels.  The charity claims that the government has set fishing quotas for more than half of UK stocks at levels exceeding what scientists recommend. The group says that this is illegal under post-Brexit fishing law, which requires that the management of UK’s fisheries is based on the best available scientific advice. The organization estimates that the sum of annual quotas for mackerel...

Continue Reading...

Business

battery powered containership

MOL’s VC Invests in Developer of Energy-Dense Marine Batteries Fleetzero

Corporate venture fund MOL PLUS, the investment arm of Japan’s Mitsui O.S.K. Lines is making its latest investment in marine energy company Fleetzero, an early-stage U.S.-based technology company focusing on long-range electric cargo shipping. MOL PLUS is participating in a fund-raising round for the startup technology company that was launched in 2021 by two marine engineers, Steven Henderson and Mike Carter, to develop what they are calling breakthrough battery technology that will produce the world’s most energy-dense battery pack.  Fleetzero...

Continue Reading...