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Lloyd's Adds Guyana Offshore Sector to War Risk List

Lloyd's Adds Guyana Offshore Sector to War Risk List

By The Maritime Executive
December 19, 2023
Amidst heightened border tensions between Venezuela and the small nation of Guyana, Lloyd's Joint War Committee has added the booming Guyanese offshore sector to its list of areas of elevated risk, al...
Energy Price Jumps as BP, Tankers, and Gas Carriers Stop Red Sea Transits

Energy Price Jumps as BP, Tankers, and Gas Carriers Stop Red Sea Transits

By The Maritime Executive
December 19, 2023
  Oil major BP joined the growing list of shipping companies that are suspending their operations passing through the Red Sea and Suez Canal as the security situation was increasingly being called...
Fruit Juice Tanker Becomes Latest Vessel to Add Wind-Assisted Propulsion

Fruit Juice Tanker Becomes Latest Vessel to Add Wind-Assisted Propulsion

By The Maritime Executive
December 19, 2023
  The adoption of wind-assisted propulsion is continuing to grow as more shippers and vessel owners seek to increase the efficiency and lower emissions from their ships. The latest plan will see th...
Royal Navy Destroyer Joins Red Sea Maritime Security Force

Royal Navy Destroyer Joins Red Sea Maritime Security Force

By Royal Navy News
December 19, 2023
HMS Diamond has joined an international naval force on a dedicated mission to safeguard shipping in the Red Sea. Just three days after the Portsmouth-based destroyer downed a drone fired at merchan...
One Crewmember Medically Evacuated from Hijacked Bulker off Somalia

One Crewmember Medically Evacuated from Hijacked Bulker off Somalia

By The Maritime Executive
December 19, 2023
  One of the 18 crewmembers aboard the Bulgarian-owned bulk carrier Ruen seized by pirates last week was released for medical reasons officials reported today. However, the situation aboard the ves...
Maersk Diverts 20 Ships From Red Sea

Maersk Diverts 20 Ships From Red Sea

By The Maritime Executive
December 19, 2023
  Maersk confirmed after pausing all of its containerships near the Red Sea it has determined to reroute approximately 20 vessels due to what it calls the “alarming” attacks and the “significant th...
Port of New Orleans Gets $74M Grant for New Container Terminal

Port of New Orleans Gets $74M Grant for New Container Terminal

By The Maritime Executive
December 18, 2023
The Port of New Orleans has secured a $74 million grant for planning the development of a controversial new container terminal in St. Bernard Parish. The funding comes from the 2021 Infrastructure Act...
Two Drifting Survivors Rescued After Cargo Ship Sinks Off Vietnam

Two Drifting Survivors Rescued After Cargo Ship Sinks Off Vietnam

By The Maritime Executive
December 18, 2023
The crew of a cargo ship that went down off the coast of Vietnam last weekend had an extraordinary turn of good fortune. All were safely rescued, including two who went missing and spent hours driftin...
Taiwan Rescues Crew and Works to Contain Oil Leak from Grounded Cargo Ship

Taiwan Rescues Crew and Works to Contain Oil Leak from Grounded Cargo Ship

By The Maritime Executive
December 18, 2023
  Taiwan rescued nine crewmembers from a small general cargo ship that was driven up on shore after losing power during a strong storm. While the crewmembers from Myanmar are safely on shore, the T...
Maersk Expands Tangiers Med Terminal as Port's Transshipment Role Grows

Maersk Expands Tangiers Med Terminal as Port's Transshipment Role Grows

By The Maritime Executive
December 18, 2023
  Maersk’s terminal operations company APM Terminals has completed the next step in a multiphase program to dramatically expand the capabilities of the Tangier Med Port. Already recognized as one o...

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