Friday, April 26, 2024
Media Kit
Yemen Red Sea

Houthi Missile Damages Shadow Tanker Carrying Russian Oil

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tanker in port

Report: India to Increase Russian Oil Imports with Russian Tankers

Published Apr 26, 2024 1:05 PM by The Maritime Executive

    India which had already emerged as a large customer of oil from Russia after the invasion of Ukraine is moving to resume the flow of imports after a brief pause. Both Reuters and Bloomberg are tracking tankers from Sovcomflot’s fleet managed out of the UAE bound for India while Bloomberg is reporting India is also providing marine insurance access to support Russia in transporting the oil products. The U.S. began in late 2023 increasing the sanctions against tankers...

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bulker fire

Fire on Bulker Temporarily Suspends Traffic on the Dardanelles

Published Apr 26, 2024 11:46 AM by The Maritime Executive

  Turkey’s Directorate General of Coastal Safety reported that traffic on the strategic Dardanelles Strait was temporarily suspended during the response to an engine room fire on a bulker. The AK Discovery (7,500 dwt) was inbound to the Black Sea and the Bulgarian port of Varna when she reported a fire aboard. The vessel built in 2001 is registered in Barbados and was coming from Egypt. She is owned and managed from Greece.   Yang?n...

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tug dismantling

Damen Launches Pilot Project for Green Shipbreaking Under EU Rules

Published Apr 26, 2024 11:11 AM by The Maritime Executive

  Damen Shipyards Group, best known as a designer and builder of ships, is launching a pilot project exploring the circular approach to retiring and recycling end-of-life vessels. The project will serve as a trial, after which it expects the approach of “green ship dismantling and recycling” will be made commercially available. “This pilot project fits in perfectly with our ambitions to become the most sustainable shipbuilder in the world,” explains Arnout Damen, the CEO of Damen Shipyards Group. “The...

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offshore energy

The Maritime Executive's Energy Magazine Edition is Out Now

Published Apr 26, 2024 11:10 AM by Tony Munoz

  SHIPPING IN EXTREMIS The horrific accident of the m/v Dali in Baltimore reinforces the destruction that large ships can impose on infrastructure, economies and ecosystems. The tragic loss of human life weighs heavy on this allision, which is never acceptable. These problematic circumstances mandate maritime stakeholders everywhere to reexamine waterways and establish appropriate rules of the road, including tugboat escorts.  In this edition’s Case Study and Executive Interview with President & CEO Mark O’Neil, we delve into the success...

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Offshore

Taiwan offshore wind farm

Asia’s Largest Offshore Wind Farm Commissioned by Ørsted in Taiwan

  Ørsted along with officials of the government of Taiwan gathered today to celebrate the commission of the first sections of the Greater Changhau offshore wind farms. In addition to being the largest of its kind in Asia, the wind farm doubled Taiwan’s offshore wind energy capacity and it is Ørsted’s first gigawatt-scale offshore wind farm outside of Europe. "It took us eight years to turn the words 'energy transition' in our policy papers into actual wind farms in operation,”...

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Shipbuilding

sail cruise ship

Steel Cut for Sail Cruise Ships with Brunvoll Added to Propulsion Systems

  Construction work is now underway for the world’s largest sailing cruise ships which are being developed for Accor’s Orient Express to provide a new level of luxury in cruising. The first steel has been cut for the first of two ships on order in France and today additional details were announced for the vessel’s propulsion system. French hospitality company Accor Group announced its intent to enter the cruise business in January 2023 signing a letter of intent...

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Environment

emissions

Red Sea Diversions Surge Container Shipping Emissions Reports Xeneta

  Carbon emissions from the container shipping industry are reaching record levels as ocean going vessels sail longer distances to avoid Houthi attacks in the Red Sea. The new data contained in Xeneta’s Carbon Emissions Index (CEI) highlights the adverse impacts on the industry’s efforts to curb emissions because of the conflict in the Middle East. Xeneta calculates container shipping emissions hit 107.5 points in the first quarter of this year on its index. The CEI is based on average...

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Business

IHI engine

Whistleblower Reveals Japanese Engine Manufacturer Faked Fuel Data

  Japan’s IHI Power Systems Company, a leading manufacturer of engines used in marine and land applications including trains, issued an apology and official “Notice of Misconduct” after a whistleblower revealed the company has been altering fuel consumption data for decades. The company is confirming that an internal investigation found that “improper alterations” were made to the test operation records with reports saying it was going on since the 1980s at one manufacturing plant and since 2001 at the other....

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