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Iran Releases Chevron-Chartered Tanker Held for 15 Months After Taking Oil

Iran Releases Chevron-Chartered Tanker Held for 15 Months After Taking Oil

By The Maritime Executive
July 11, 2024
Tracking services and the AIS signal from the Marshall Island-flagged tanker Advantage Sweet show the vessel underway and bound for Khor Fakkan in the United Arab Emirates nearly 15 months after...
Industry Calls for Measurement and Regulation to Tackle Methane Slip

Industry Calls for Measurement and Regulation to Tackle Methane Slip

By The Maritime Executive
July 9, 2024
Focusing on the problem of methane slip in the “well-to-wake” approach, an industry-led group released its first report detailing research, trials, and the required steps to create gr...
Houthis Renew Attacks Targeting MSC and Maersk US-Flagged Containership

Houthis Renew Attacks Targeting MSC and Maersk US-Flagged Containership

By The Maritime Executive
July 9, 2024
After a lull in documented attacks in the early part of July, there are fresh reports of attacks coming from the Houthi militants in Yemen. This comes as the U.S. and EU NAVFOR Operation Aspides...
Op-Ed: Lightly-Armed Guards Are No Solution for Houthi Attacks

Op-Ed: Lightly-Armed Guards Are No Solution for Houthi Attacks

By Simon O. Williams
July 8, 2024
The world’s main shipping artery is under persistent and sophisticated threat, but the private maritime security industry promotes archaic, ineffective, and often misguided solut...
Passengers Evacuating Ferry After Engine Room Fire Off Palma

Passengers Evacuating Ferry After Engine Room Fire Off Palma

By The Maritime Executive
July 8, 2024
Spanish rescue authorities are supervising the evacuation of 350 passengers from the Italian ferry Tenacia after an engine room fire disabled the ferry as it was approaching Palma de Mallorca overni...
ABB–Arkitech Collaboration Shows HVAC Efficiency Gains for MSC Magnifica

ABB–Arkitech Collaboration Shows HVAC Efficiency Gains for MSC Magnifica

By The Maritime Executive
July 8, 2024
[By: ABB] A collaboration between ABB and Arkitech has brought significant efficiency gains for the heating, ventilation and air-conditioning (HVAC) system on board MSC Magnifica. Using artificial...
Court of Appeals Calls FMC “Illogical,” Overturning D&D Fee Ruling

Court of Appeals Calls FMC “Illogical,” Overturning D&D Fee Ruling

By The Maritime Executive
July 5, 2024
Evergreen won an appeal in the U.S. Court of Appeals in Washington D.C. in a case over the application of detention and demurrage fees (D&D) that could be a significant blow in the long-runni...
Chinese Carrier Makes $48M Profit by Flipping Order for Two Boxships to MSC

Chinese Carrier Makes $48M Profit by Flipping Order for Two Boxships to MSC

By The Maritime Executive
July 5, 2024
With demand remaining hot for all container vessels, China’s BAL Container Line has found a novel means of making a significant profit before it ever took delivery of its ships. Two years afte...
Russian Attack Damages Port Infrastructure in Odesa

Russian Attack Damages Port Infrastructure in Odesa

By The Maritime Executive
July 5, 2024
Russian forces launched a ballistic missile attack on the Odea port region on Thursday evening, July 4, causing damage and starting at least one fire. The attacks came as Ukraine works to continu...
Changes in Container Shipping as MSC Expands Lead to 20% Share

Changes in Container Shipping as MSC Expands Lead to 20% Share

By The Maritime Executive
July 3, 2024
With a growing orderbook that is already at record levels and an overheated charter and secondhand market, the container shipping segment is going through rapid changes. The market has expanded t...

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