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Euronav’s Former VLCC Tanker Arrives in Yemen for FSO Safer Salvage

Euronav’s Former VLCC Tanker Arrives in Yemen for FSO Safer Salvage

By The Maritime Executive
July 17, 2023
The United Nations is marking another key step in its efforts to remove the estimated one million barrels of oil from the FSO Safer off Yemen. The UN Development Programme (UNDP) office announced the...
As EU ETS Approaches, Debate Begins Over its Loopholes

As EU ETS Approaches, Debate Begins Over its Loopholes

By Brian Gicheru Kinyua
July 16, 2023
With the European Union’s Emissions Trading System scheduled to include shipping in 2024, a debate is ongoing over some of its expected loopholes. The ETS policy requires large ships over 5,000 gro...
Saverys' Plan to Buy Out Exmar Falls Short - For Now

Saverys' Plan to Buy Out Exmar Falls Short - For Now

By The Maritime Executive
July 16, 2023
Nicholas Saverys' bid to take Belgian gas shipping company Exmar private has fallen short of the 95 percent shareholder acceptance rate required to complete it, but the plan is still on. Family holdin...
Int'l Salvage Union Reports Sharp Drop in Revenue in 2022

Int'l Salvage Union Reports Sharp Drop in Revenue in 2022

By The Maritime Executive
July 16, 2023
2022 was a tough year for commercial salvors, according to the International Salvage Union. Across the union's membership, revenue fell to $241 million from $391 million the year before. Income from L...
U.S. Air Force Pararescue Team Saves Fisherman 1,000 Miles off Costa Rica

U.S. Air Force Pararescue Team Saves Fisherman 1,000 Miles off Costa Rica

By The Maritime Executive
July 16, 2023
Last week, a team of Air National Guard pararescuemen saved an injured fisherman at a position about 1,000 nautical miles off the coast of Costa Rica.  On July 7, the Costa Rican fishing boat Victo...
Maritime Executive

Hanwha Ocean Secures First Defense Contract Since Buying DSME

By The Maritime Executive
July 16, 2023
The South Korean shipbuilder Hanwha Ocean has reportedly been chosen as the preferred bidder for the construction of new-generation frigates for the country’s navy. Hanwha Ocean outperformed its close...
Russia's Urals Blend Breaks G7 Price Cap in New Test for Enforcement

Russia's Urals Blend Breaks G7 Price Cap in New Test for Enforcement

By The Maritime Executive
July 16, 2023
For the first time since the G7 imposed a price cap on the seaborne trade of Russian crude oil, the price of the flagship Urals grade has risen above $60 per barrel, the threshold which should trigger...
Executive Achievement: Morgan Fanberg, CEO, Glosten

Executive Achievement: Morgan Fanberg, CEO, Glosten

By Jack O'Connell
July 16, 2023
In Seattle, a hotbed of design talent, Fanberg and his team stand out. Tell us about yourself – your background and education. What attracted you to the maritime industry? I grew up in a suburb...
How Marine Heat Waves Affect the Ocean - And What Can Be Done

How Marine Heat Waves Affect the Ocean - And What Can Be Done

By Dialogue Earth
July 16, 2023
[By Emma Bryce] On 4 July 2023, the World Meteorological Organization declared the beginning of an El Niño phase, a climate pattern that drives up temperatures across land and sea. Past weather...
China Expands its Expeditions to the Arctic and Antarctic Regions

China Expands its Expeditions to the Arctic and Antarctic Regions

By The Maritime Executive
July 16, 2023
China has launched additional expeditions to the Arctic and the Antarctic as it seeks to expand its foothold in the polar regions. Last week, China’s natural resources authority said that the country...

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