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Ørsted Agrees to Pay $125M Settlement to Cancel New Jersey Wind Farms

Ørsted Agrees to Pay $125M Settlement to Cancel New Jersey Wind Farms

By The Maritime Executive
May 28, 2024
  Seven months after announcing it was walking away from two large offshore wind farms planned for New Jersey, Ørsted and the New Jersey Board of Public Utilities agreed to settle their claims for...
Cyprus Terminates Larnaca Port Concession Over Development Dispute

Cyprus Terminates Larnaca Port Concession Over Development Dispute

By The Maritime Executive
May 28, 2024
  The Government of Cyprus in an ongoing dispute with the long-time leaseholder at the port of Larnaca announced it has terminated the concession and assumed direct management of the port. They imm...
Ecuadorian Coast Guard Vessel Sinks After Busting Smuggling Boat

Ecuadorian Coast Guard Vessel Sinks After Busting Smuggling Boat

By The Maritime Executive
May 28, 2024
A good samaritan vessel has safely rescued the crew of the coast guard patrol vessel Isla Santa Cruz, which went down just after intercepting a smuggling vessel last weekend. On Sunday evening at 1...
Chinese Coastal Carrier Orders Largest Pure Electric Containerships

Chinese Coastal Carrier Orders Largest Pure Electric Containerships

By The Maritime Executive
May 28, 2024
  China is continuing to push forward with its efforts to develop electric propulsion for shipping. At the beginning of the year, COSCO commissioned the first two pure-electric containerships and n...
UK Asks Brokers to Give Up Profitable "Dark Fleet" Tanker Sales

UK Asks Brokers to Give Up Profitable "Dark Fleet" Tanker Sales

By The Maritime Executive
May 28, 2024
  More than a few Western tanker brokers have had a profitable run since the imposition of restrictions on Russia's oil trade. Over the course of the past two years, Russia-serving operators have b...
Report: Singapore Port Congestion Mounts as Ships Divert from Red Sea

Report: Singapore Port Congestion Mounts as Ships Divert from Red Sea

By The Maritime Executive
May 28, 2024
  Major carriers have repeatedly warned of the impact the Red Sea diversions are having on their services. In a report from Hong Kong-based market intelligence firm Linerlytica, they warn the diver...
China is Not Cooperating in Estonian Pipeline Breach Case

China is Not Cooperating in Estonian Pipeline Breach Case

By The Maritime Executive
May 28, 2024
  Chinese authorities are not helping with the investigation into the Baltic pipeline damage investigation involving a Chinese-owned boxship, according to Estonian prosecutors.  In the early hou...
Video: USCG Aids Supply Ship Taking on Water in the Caribbean

Video: USCG Aids Supply Ship Taking on Water in the Caribbean

By The Maritime Executive
May 28, 2024
  The U.S. Coast Guard assisted an offshore supply ship named Sea Falcon that reported it was taking on water while sailing in the Caribbean. When the call was received, the master declared an emer...
Metis Platform Takes Maritime Analytics to the Next Level

Metis Platform Takes Maritime Analytics to the Next Level

By The Maritime Executive
May 28, 2024
[By: Metis] Metis is launching a completely revised version of its analytics platform, whose additional information layers, advanced filtering and intuitive navigation also come with a new ‘look an...
MAN Cryo to Design Hydrogen Supply for Net-Zero Norwegian Ferries

MAN Cryo to Design Hydrogen Supply for Net-Zero Norwegian Ferries

By The Maritime Executive
May 28, 2024
[By: MAN Cryo] MAN Cryo has been contracted by Torghatten Nord A/S, the Norwegian ferry company, to work on a project encompassing the design and engineering of two hydrogen-powered newbuild RoPax...

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