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The $3 Billion Shake-Up: Managing EU ETS Expenses with Veson

The $3 Billion Shake-Up: Managing EU ETS Expenses with Veson

By Josh Luby, Group Product Manager at Veson
December 18, 2023
  The inclusion of maritime shipping in the EU ETS from January 1st will have a significant financial impact, projected to cost the industry more than $3 billion in 2024. For maritime organizations...
U.S. Weighs Military Options After Massive Houthi Drone Attack

U.S. Weighs Military Options After Massive Houthi Drone Attack

By The Maritime Executive
December 17, 2023
The White House is weighing options for striking back at Yemen's Houthi rebels after a month of attacks on commercial shipping in the Red Sea, officials have told Politico. Military options have be...
Study: UK's Colonial Shipbuilding Surge Put a Bat on Endangered List

Study: UK's Colonial Shipbuilding Surge Put a Bat on Endangered List

By The Maritime Executive
December 17, 2023
A new study attributes the massive decline in the population of "very rare" bat species in Britain to colonial shipbuilding dating back over five centuries ago. The study by researchers at the Univ...
In Sign of Cooling Ties, Maldives Reverses Hydrography Deal With India

In Sign of Cooling Ties, Maldives Reverses Hydrography Deal With India

By The Maritime Executive
December 17, 2023
With Maldives reviewing its defense relations with India, the new government of Maldives this week announced it will not renew its agreement with the Indian Navy on oceanographic surveys.   During...
Philippines Budgets for a Permanent Base at Second Thomas Shoal

Philippines Budgets for a Permanent Base at Second Thomas Shoal

By The Maritime Executive
December 17, 2023
  As China escalates aggression at Second Thomas Shoal in the South China Sea, the Philippines Congress has reportedly allocated funding for construction of a permanent structure at the site. Curre...
China Now Produces More Than Half of All New Tonnage

China Now Produces More Than Half of All New Tonnage

By The Maritime Executive
December 17, 2023
This has been yet another good year for China’s shipbuilding sector, which has continued to dominate both in output and number of new orders. New data released last week by the country’s Ministry of I...
Carbon Ridge, Crowley to Launch Advanced, Onboard Carbon Capture Project

Carbon Ridge, Crowley to Launch Advanced, Onboard Carbon Capture Project

By The Maritime Executive
December 17, 2023
[By: Crowley] Crowley and Carbon Ridge Inc, a leading developer of modular onboard carbon capture and storage solutions (OCCS), with support from the U.S. Maritime Administration (MARAD) Maritime E...
Op-Ed: Somali Pirates Are Back, But a Full-Scale Return is Unlikely

Op-Ed: Somali Pirates Are Back, But a Full-Scale Return is Unlikely

By Peter Viggo Jakobsen and Troels Burchall Henningsen
December 17, 2023
  An Iranian fishing vessel, Almeraj 1, was reportedly hijacked by Somali pirates in November 2023. According to media reports, the pirates demanded US$400,000 in ransom and threatened to use the I...
Maritime Executive

OOCL Stops Serving Israel Because of "Operational Issues"

By The Maritime Executive
December 17, 2023
Chinese container carrier OOCL has decided to suspend all shipments to and from Israeli seaports, the company announced Saturday.  "Due to operational issues, OOCL will stop cargo acceptance to and...
ClassNK Releases “ClassNK Technical Journal”

ClassNK Releases “ClassNK Technical Journal”

By The Maritime Executive
December 17, 2023
[By: ClassNK] ClassNK has released the latest "ClassNK Technical Journal”, which has been published for contributing to the advancement of technology and society through the outcome of R&D and tech...

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