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Canada’s Prince Rupert Starts Build for New Rail-to-Container Terminal

Canada’s Prince Rupert Starts Build for New Rail-to-Container Terminal

By The Maritime Executive
October 20, 2023
The Port of Prince Rupert, already one of the largest in Canada and a significant part of the country’s exports to Asia, is commencing construction of a new large-scale logistics project that they rep...
Evergreen and CIP Partner to Explore Green Fuels Produced in Taiwan

Evergreen and CIP Partner to Explore Green Fuels Produced in Taiwan

By The Maritime Executive
October 20, 2023
Evergreen Marine is teaming up with one of the world’s largest fund managers, Copenhagen Infrastructure Partners (CIP), to explore the development and production of green fuels in Taiwan to be used to...
Target’s Insurers Sue Maersk for $5.8 Million for Containers Lost Overboard

Target’s Insurers Sue Maersk for $5.8 Million for Containers Lost Overboard

By The Maritime Executive
October 20, 2023
Giant retailer Target Corporation’s insurer has filed suit against Maersk for compensation for containers lost overboard in a 2021 incident. Starr Indemnity & Liability Company acting as the subrogee...
HMM Creditors Prepare for Privatization Sale By Executing Share Conversion

HMM Creditors Prepare for Privatization Sale By Executing Share Conversion

By The Maritime Executive
October 20, 2023
Korea’s two large government-controlled financial institutions executed a required share conversion if they are going to proceed with the proposed sale of their controlling interest in HMM. The move c...
Maersk Contracts China’s Xinya for First Methanol Dual-Fuel Retrofit

Maersk Contracts China’s Xinya for First Methanol Dual-Fuel Retrofit

By The Maritime Executive
October 20, 2023
Maersk is moving forward with the company’s planned conversion of one of its in-service containerships to become the first retrofitted dual-fuel methanol containership. The company announced in June 2...
U.S. Senate May Approve $150M Fund to Crack Down on Iranian Oil Again

U.S. Senate May Approve $150M Fund to Crack Down on Iranian Oil Again

By The Maritime Executive
October 19, 2023
The U.S. Senate is getting ready to fully fund the enforcement of sanctions on Iranian oil shipping, putting teeth into existing restrictions.  The U.S. has imposed sanctions on moving or buying Ir...
Maine Lobstermen Win Giant Carveout From Offshore Wind Development Area

Maine Lobstermen Win Giant Carveout From Offshore Wind Development Area

By The Maritime Executive
October 19, 2023
The U.S. Bureau of Ocean Energy Management (BOEM) is rolling out designated offshore wind leasing areas off the lower 48 states at a rapid clip, racing to meet the Biden administration's target of 30...
Maritime Executive

U.S. Navy Petty Officer Sentenced for Defrauding Injured Veterans' Fund

By The Maritime Executive
October 19, 2023
A former chief petty officer has been sentenced to 30 months in prison for conspiring to defraud a severely injured servicemembers' program out of $2 million. Christopher Toups, a Chief Petty Offic...
CO2 Storage for Port of Rotterdam Industry Gets Go-Ahead

CO2 Storage for Port of Rotterdam Industry Gets Go-Ahead

By The Maritime Executive
October 19, 2023
The final investment decision has been taken giving the go-ahead to the Netherlands’ first CO2 storage project, which is also slated to be the largest carbon capture and storage project so far for Eur...
US Warship Shoots Down Missiles and Drones Over the Red Sea

US Warship Shoots Down Missiles and Drones Over the Red Sea

By The Maritime Executive
October 19, 2023
The Pentagon confirmed late today, October 19, that a U.S. guided missile destroyer, USS Carney, successfully incepted missiles and drones over the Red Sea. While they are saying the targets were uncl...

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