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TORM Snaps Up Eight More MR Tankers Growing Position in the Market

TORM Snaps Up Eight More MR Tankers Growing Position in the Market

By The Maritime Executive
July 15, 2024
  With the strong rebound in the tanker markets further enhanced by the disruptions in the Red Sea, Danish operator TORM is moving to further strengthen its position and continue the consolidation...
At Risk From Ukrainian Attacks, Last Russian Patrol Ship Leaves Crimea

At Risk From Ukrainian Attacks, Last Russian Patrol Ship Leaves Crimea

By The Maritime Executive
July 15, 2024
The last patrol ship of the Russian Black Sea Fleet remaining in Crimea has departed, according to a spokesman for the Ukrainian armed forces. If confirmed, it would suggest that Ukraine's concerted c...
ILA: Threat of Strike at US East and Gulf Coast Ports “Growing More Likely”

ILA: Threat of Strike at US East and Gulf Coast Ports “Growing More Likely”

By The Maritime Executive
July 15, 2024
  With the threat of a strike looming over U.S. East Coast and Gulf Coast ports, the International Longshoremen’s Association is increasing its rhetoric and digging in pointing out that there are o...
Hyundai Receives $2.7B Order for Containerships Linked to CMA CGM

Hyundai Receives $2.7B Order for Containerships Linked to CMA CGM

By The Maritime Executive
July 15, 2024
South Korean shipbuilding group HD Korea Shipbuilding & Offshore Engineering received a large order for new containerships which the company is valuing at approximately $27 billion. IN announcement...
Kuwait Announces "Giant" New Oilfield Discovery in Persian Gulf

Kuwait Announces "Giant" New Oilfield Discovery in Persian Gulf

By The Maritime Executive
July 15, 2024
On Sunday, Kuwait's national oil company announced the discovery of a "giant" oil find, large enough that its reserves equal three years of the energy-rich nation's entire annual production.  The d...
German Port Workers to Vote on Contract Proposals After Multiple Strikes

German Port Workers to Vote on Contract Proposals After Multiple Strikes

By The Maritime Executive
July 15, 2024
  Germany’s Ver.di union has decided to present two possible alternatives for a new dockworkers’ contact to the membership for comments after four rounds of contentious negotiations. Ver.di says it...
The World, Residences at Sea, Announces Jessica Hoppe as President and CEO

The World, Residences at Sea, Announces Jessica Hoppe as President and CEO

By The Maritime Executive
July 15, 2024
[By: The World, Residences at Sea] The Board of Directors of The World, Residences at Sea, the largest privately owned residential mega yacht on Earth, is delighted to announce Jessica Hoppe as Pre...
Fincantieri Launches the Seventh PPA "Domenico Millelire" in Riva Trigoso

Fincantieri Launches the Seventh PPA "Domenico Millelire" in Riva Trigoso

By The Maritime Executive
July 15, 2024
[By: Fincantieri Marine Group] Today, the launch of the seventh PPA (Multipurpose Combat Ship) “Domenico Millelire” took place at Fincantieri’s shipyard in Riva Trigoso (Genova). The ceremony wa...
Jones F. Devlin Awards for Outstanding Commitment to Safety for Crowley

Jones F. Devlin Awards for Outstanding Commitment to Safety for Crowley

By The Maritime Executive
July 15, 2024
[By: Crowley] Crowley, through the achievements of the crews of 67 company-owned or -managed vessels, has again been honored for its safe operations with Jones F. Devlin Awards by the Chamber of Sh...
ECOsubsea Invests in Singapore with NOK 35m from Innovation Norway

ECOsubsea Invests in Singapore with NOK 35m from Innovation Norway

By The Maritime Executive
July 15, 2024
[By: ECOsubsea] It is a climate and environmental problem that ship hulls are not cleaned often and gently. After being granted a growth loan of NOK 35 million from Innovation Norway, ECOsubsea wil...

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