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The Great Suez Canal Renaissance

The Great Suez Canal Renaissance

By Jolke Helbing
December 1, 2023
The tectonic plates of world trade are shifting. Southeast Asia’s replacement of China as the world’s manufacturing powerhouse has enormous implications for international shipping routes, ports, and s...
Abandoned Tanker Grounds in Vietnam Drifting 1,000 Miles From Philippines

Abandoned Tanker Grounds in Vietnam Drifting 1,000 Miles From Philippines

By The Maritime Executive
December 1, 2023
  Like the legendary “Flying Dutchman,” a product tanker thought lost in the Philippines two weeks ago washed ashore today, December 1, hundreds of miles away in Vietnam. The Provincial Boarder Gua...
EUNAVFOR Provides Details on Abducted Fishing Boat to Somalia for Follow-Up

EUNAVFOR Provides Details on Abducted Fishing Boat to Somalia for Follow-Up

By The Maritime Executive
December 1, 2023
  The joint EU-sponsored force responsible for maritime security along the East African coast including Somalia reports that it has tracked and provided details to the Somali police forces for foll...
US Tightens Noose Imposing More Sanctions for Russian Price Cap Violations

US Tightens Noose Imposing More Sanctions for Russian Price Cap Violations

By The Maritime Executive
December 1, 2023
  For the third time in seven weeks, the U.S. Department of Treasury’s Office of Foreign Asset Control (OFAC) has imposed sanctions targeting the trade in Russian oil. It is reported to be part of...
Maersk Tankers Looks to Lead Industry with Order for Large Ammonia Tankers

Maersk Tankers Looks to Lead Industry with Order for Large Ammonia Tankers

By The Maritime Executive
December 1, 2023
  After having left ship ownership to become a manager and pool operator, Maersk Tankers along with investment partner Mitsui & Co. looks to lead the tanker sector into ammonia transportation. The...
UK Deploys One of its Most Advanced Vessels to the Middle East

UK Deploys One of its Most Advanced Vessels to the Middle East

By The Maritime Executive
December 1, 2023
  One of the Royal Navy’s most advanced vessels, the HMS Diamond, one of the six-member Type 45 destroyers launched a decade ago, is underway to the Middle East. The vessel departed Portsmouth a we...
Maersk Settles Lawsuit Over Ever Given's Suez Canal Shutdown

Maersk Settles Lawsuit Over Ever Given's Suez Canal Shutdown

By The Maritime Executive
December 1, 2023
Maersk Group has decided to settle a lawsuit over the disruption caused by the grounding of the massive boxship Ever Given, which shut down the Suez Canal for six days in 2021.  The number-two ocea...
Jeff Bezos' 417-Foot Yacht May Be Too Big for Florida's Top Yacht Clubs

Jeff Bezos' 417-Foot Yacht May Be Too Big for Florida's Top Yacht Clubs

By The Maritime Executive
November 30, 2023
Jeff Bezos has the distinction of owning the largest sailing yacht in the world, and that hard-won prestige comes with a certain challenge: fitting into seaports.  Last year, the newly-built Koru m...
U.S. Awards $220 Million to Electrify Ferries and Expand Rural Service

U.S. Awards $220 Million to Electrify Ferries and Expand Rural Service

By The Maritime Executive
November 30, 2023
  The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced grants totaling $220.2 million as the next portion of an ongoing effort to enhance ferry service aroun...
Philippine President Skips Climate Talks to Focus on Hijacked Seafarers

Philippine President Skips Climate Talks to Focus on Hijacked Seafarers

By The Maritime Executive
November 30, 2023
Philippine President Ferdinand Marcos Jr. has suspended his trip to the UAE for the COP28 climate conference in order to give his full attention to negotiating the release of Filipino crewmembers of t...

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