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U.S. Reports Dangerous Run-In With Chinese Fighter Over S. China Sea

U.S. Reports Dangerous Run-In With Chinese Fighter Over S. China Sea

By The Maritime Executive
May 31, 2023
On Wednesday, the U.S. military reported another close encounter between a Chinese fighter jet and an American surveillance aircraft over the waters of the South China Sea. The run-in is part of a pat...
Xeneta: Long-Term Container Rates Collapsed with More Pain Ahead

Xeneta: Long-Term Container Rates Collapsed with More Pain Ahead

By The Maritime Executive
May 31, 2023
Contracted long-term ocean freight rates collapse during May marking the ninth consecutive month of declines. The expiration of the 12-month contracts, which traditionally start over each May, contrib...
Crowley Invests in Mobile Floating Dry Dock for Use with Floating Wind

Crowley Invests in Mobile Floating Dry Dock for Use with Floating Wind

By The Maritime Executive
May 31, 2023
Crowley is investing in a UK-based startup, Tugdock, which is developing what is billed as the world's first road-transportable floating dry dock. The company plan to explore the potential use of the...
Viasat Completes Acquisition of Inmarsat

Viasat Completes Acquisition of Inmarsat

By The Maritime Executive
May 31, 2023
Satcom giant Viasat has completed its acquisition of Inmarsat, the firm announced Wednesday.  In November 2021, Viasat reached a deal to purchase Inmarsat for $7.3 billion in cash, stock and debt,...
CMA CGM Buys La Méridionale and Plans LNG/Methanol Ferries

CMA CGM Buys La Méridionale and Plans LNG/Methanol Ferries

By The Maritime Executive
May 31, 2023
CMA CGM Group completed the acquisition of La Méridionale, a passenger ferry operator in the Mediterranean, as part of the strategy of the container carrier to expand its operations into new segments....
Taking Sustainable Shipping to the Next Level With Data

Taking Sustainable Shipping to the Next Level With Data

By Pelle Sommansson
May 31, 2023
As decarbonization moves higher up the global agenda, navigating the green transition and achieving more sustainable operations is a key priority for the maritime industry. According to the IMO, shipp...
ABB Presents New Propulsion Concept to Improve Operating Efficiency

ABB Presents New Propulsion Concept to Improve Operating Efficiency

By The Maritime Executive
May 31, 2023
Engineers from ABB, long known for its power systems, unveiled a new propulsion concept that they report can significantly increase ship efficiency and contribute to the effort to reduce emissions. Th...
Allianz: Total Losses Reached Record Low but Dangers are Increasing

Allianz: Total Losses Reached Record Low but Dangers are Increasing

By The Maritime Executive
May 31, 2023
While shipping’s total losses hit a record low in 2022, insurance giant Allianz reports that the overall number of shipping casualties and incidents remained constant while the cost of claims has rise...
ABS Wavesight & Ascenz Marorka Collaborate to Digitalize Saudi Arabia

ABS Wavesight & Ascenz Marorka Collaborate to Digitalize Saudi Arabia

By The Maritime Executive
May 31, 2023
[By: ABS Wavesight] ABS Wavesight™, the ABS-affiliated maritime software as a service (SaaS) company, and Ascenz Marorka, a globally trusted provider of end-to-end maritime digital solutions and pa...
Superstructures Built Off-Site are the Way Forward in Shipbuilding

Superstructures Built Off-Site are the Way Forward in Shipbuilding

By The Maritime Executive
May 31, 2023
[By: ALMACO Group] Traditional methods may not always be the best option for smaller cruise ships and expedition vessels. At ALMACO, we have extensive experience in building vessels of various size...

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