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Maritime Partners to Takeover AMSC Jones Act Tanker Business in $747M Deal

Maritime Partners to Takeover AMSC Jones Act Tanker Business in $747M Deal

By The Maritime Executive
August 22, 2023
AMSC based in Norway has decided after 18 years to move on to new projects in the shipping industry announcing that it has entered into an agreement to sell its ten Jones Act tanker operation to a new...
Vestdavit Gets Order for Multi-Davit Deal for New US Navy Class of Oilers

Vestdavit Gets Order for Multi-Davit Deal for New US Navy Class of Oilers

By The Maritime Executive
August 22, 2023
[By: Vestdavit] Davits supplied by Vestdavit are set to play an important role in efficient launch and recovery of fast craft to support refuelling operations at sea for the US naval fleet after th...
Bath Iron Works Gets New Labor Agreement, Without Discord

Bath Iron Works Gets New Labor Agreement, Without Discord

By The Maritime Executive
August 22, 2023
When the largest union for workers at Bath Iron Works sought to negotiate a new contract in 2020, it launched a two-month strike to secure the elements that were at the top of its priority list, like...
Australian Exports to China Come Roaring Back, Led by Lithium

Australian Exports to China Come Roaring Back, Led by Lithium

By The Strategist
August 21, 2023
[By David Uren] The Chinese economy may be softening and commodity prices falling, but Australia’s exports to China hit a record $102.5 billion in the first half of this year thanks to massive ship...
Report: Engineer's Lack of Ability Led to Deadly Fire on LPG Carrier

Report: Engineer's Lack of Ability Led to Deadly Fire on LPG Carrier

By The Maritime Executive
August 21, 2023
The UK's Marine Accident Investigation Branch (MAIB) has released its final report on a fatal engine room fire aboard the LPG carrier Moritz Schulte in August 2020. The investigation was delayed by th...
Ukraine Prepares to Launch Insurance System for Black Sea Shipping

Ukraine Prepares to Launch Insurance System for Black Sea Shipping

By The Maritime Executive
August 21, 2023
Ukraine is on the verge of setting up its own Black Sea grain agreement, according to a top official - without waiting for Russia's approval.  Oleksandr Hryban, a special adviser to Ukraine's econo...
Mitsubishi Shipbuilding Begins Testing of Ammonia System for Marine Fuel

Mitsubishi Shipbuilding Begins Testing of Ammonia System for Marine Fuel

By The Maritime Executive
August 21, 2023
The industry continues to report progress with the key systems that will be required to support the introduction of ammonia as a broadly support marine fuel alternative. While ammonia continues to be...
Denmark Allocates $3.9B to Carbon Capture/Storage as it Accelerates Timing

Denmark Allocates $3.9B to Carbon Capture/Storage as it Accelerates Timing

By The Maritime Executive
August 21, 2023
Denmark announced a comprehensive plan for carbon capture and storage that includes significant government support as the country also accelerates its timeline while saying that CO2 capture and storag...
Despite Sanctions, Russia's Arctic LNG 2 On Track for Startup in 2023

Despite Sanctions, Russia's Arctic LNG 2 On Track for Startup in 2023

By The Maritime Executive
August 21, 2023
Despite sanctions related to the invasion of Ukraine, Russia's Arctic LNG 2 project is on track to go live at the end of this year, according to Chinese state oil and gas company CNOOC. The first liqu...
Port of Baltimore Receives Its Largest Containership to Date

Port of Baltimore Receives Its Largest Containership to Date

By The Maritime Executive
August 21, 2023
Evergreen’s new containership Ever Max completed the U.S. portion of her maiden voyage setting new records including becoming the largest containership to dock at Baltimore’s Seagrit Marine Terminal....

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