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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...
Corals Are Beginning to Bleach as Oceans Hit Record Temperatures

Corals Are Beginning to Bleach as Oceans Hit Record Temperatures

By Ian Enochs
July 16, 2023
The water off South Florida is over 90 degrees Fahrenheit (32 Celsius) in mid-July, and scientists are already seeing signs of coral bleaching off Central and South America. Particularly concerning is...
First ME-GA Completes Gas Trials

First ME-GA Completes Gas Trials

By The Maritime Executive
July 16, 2023
[By: MAN Energy Solutions] MAN Energy Solutions has announced that the first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian...
New BASSnet Control of Work App Simplifies Permit to Work Process

New BASSnet Control of Work App Simplifies Permit to Work Process

By The Maritime Executive
July 16, 2023
[By: BASS Software] BASS Software has released an innovative new Control of Work app for crew and office staff to use on site. The mobile app facilitates the Permit to Work process and gives senior...

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