Tuesday, April 16, 2024
Media Kit
Seaspan containership

Hapag and Seaspan Scheduled Five Methanol Conversions for 2026

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Inchcape

Inchcape Americas Gears Up for Growth With New CEO

Published Apr 16, 2024 2:25 PM by Inchcape Shipping Services

Harun Duzgoren stepped up as Inchcape Shipping Services' new Regional CEO for the Americas in September 2023. Here he explains his priorities in terms of leadership and strategic expansion – 'always putting customers at the center of everything we do'. In 2023, Harun Duzgoren had already been in Miami for seven years working as CCO of Subsea Global Solutions, a PE-backed, global market leader in underwater services. Having initiated and led both organic and inorganic growth of the company over...

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Panama Canal

Panama Canal to Add Back Daily Transits as Rainy Season Approaches

Published Apr 16, 2024 12:56 PM by The Maritime Executive

  After months of increasing restrictions due to falling water levels in its reservoir, the Panama Canal Authority will continue its gradual restoration of daily transits and add a foot to the maximum draft. The decision was made after an analysis of the water levels, efforts to save water and increase storage, and a slight increase in rainfall levels in April ahead of the traditional rainy season. The increase in transits is especially good news for bulkers, car carriers, and...

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Bleaching

A New Global Coral Bleaching Event is Under Way, and May Be the Worst Yet

Published Apr 16, 2024 12:35 AM by The Maritime Executive

  Reports of serious coral bleaching at Australia's Great Barrier Reef, the coast of Florida, and the South Pacific have been building for months, and NOAA scientists have now declared a global bleaching event. It is the second in ten years and the fourth on record. The event spans from February 2023 until the present, starting at about the same time that global sea surface temperatures began to set new daily records every day. Widespread bleaching has been reported on...

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Russian President Vladimir Putin tours Zvezda Shipyard, before the invasion (file image courtesy of the Kremlin).

Under Heavy Sanctions Pressure, Putin Orders Review of Russian Shipyards

Published Apr 15, 2024 10:53 PM by The Maritime Executive

Western sanctions have been delaying Russia's civilian shipbuilding industry since the invasion of Ukraine began, and the problem is not getting any better for Russian shipping interests, according to state-owned media.  Government-controlled Rossiyskaya Gazeta reports that about eight out of ten Russian ships currently on order might not deliver in the foreseeable future. Out of the 49 that will likely deliver in the year ahead, more than half will need to be redesigned in order to work around the lack...

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Offshore

cable layer

First US Cable Layer Planned to Fill Gap in Offshore Wind Sector Capability

  Looking to fill another gap in the capabilities needed for the U.S. offshore wind energy sector, a startup called Kalypso Offshore Energy announced plans to build the first U.S. cable vessel. The company reports it will be an innovative Cable Lay Vessel that will be Jones Act compliant for the offshore wind market. Kalypso was launched in 2023 and looks to develop to meet the opportunities in the emerging offshore wind market. Their first step is a letter of...

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Shipbuilding

Russian President Vladimir Putin tours Zvezda Shipyard, before the invasion (file image courtesy of the Kremlin).

Under Heavy Sanctions Pressure, Putin Orders Review of Russian Shipyards

Western sanctions have been delaying Russia's civilian shipbuilding industry since the invasion of Ukraine began, and the problem is not getting any better for Russian shipping interests, according to state-owned media.  Government-controlled Rossiyskaya Gazeta reports that about eight out of ten Russian ships currently on order might not deliver in the foreseeable future. Out of the 49 that will likely deliver in the year ahead, more than half will need to be redesigned in order to work around the lack...

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Environment

Bleaching

A New Global Coral Bleaching Event is Under Way, and May Be the Worst Yet

  Reports of serious coral bleaching at Australia's Great Barrier Reef, the coast of Florida, and the South Pacific have been building for months, and NOAA scientists have now declared a global bleaching event. It is the second in ten years and the fourth on record. The event spans from February 2023 until the present, starting at about the same time that global sea surface temperatures began to set new daily records every day. Widespread bleaching has been reported on...

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Business

Hyde marine

Optimarin Buys BWTS Competitor Hyde Marine

  UV ballast water treatment system builder Optimarin has acquired a competing brand, Pittsburgh-based Hyde Marine, from the Italian conglomerate De Nora. For undisclosed terms, Optimarin is purchasing the Hyde brand, its UV intellectual property, and select design, sale and aftermarket assets.  "With this landmark acquisition, Optimarin is consolidating its strong position as a long-established BWTS supplier and expanding its installed base of such systems," said Optimarin CEO Tore Svanheld. Hyde's Guardian ultra-violet (UV) systems are designed for smaller vessels...

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