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First Citizens Bank Acquires $123 Million Portfolio for Greece Vessels

First Citizens Bank Acquires $123 Million Portfolio for Greece Vessels

By The Maritime Executive
June 21, 2023
[By: First Citizens Bank] First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping...
The Britannia Group Issues Financial Results for 2023

The Britannia Group Issues Financial Results for 2023

By The Maritime Executive
June 21, 2023
[By: Britannia Group] KEY POINTS Strong 2023/24 renewal, with a significant year-on-year increase in owned tonnage to 142.0m gt (from 134.7m gt). Chartered tonnage reduced to 51.0m gt giving...
Royal Caribbean Ship Utopia of the Seas to Homeport at Port Canaveral

Royal Caribbean Ship Utopia of the Seas to Homeport at Port Canaveral

By The Maritime Executive
June 21, 2023
[By: Port Canaveral] Royal Caribbean International has announced its new ship, Utopia of the Seas, will homeport year-round at Port Canaveral beginning July 2024. This magnificent Oasis-class ship,...
Seized Russian Yacht Fetches $68M Bid From Google's Former CEO

Seized Russian Yacht Fetches $68M Bid From Google's Former CEO

By The Maritime Executive
June 21, 2023
The small island nation of Antigua and Barbuda has auctioned off the Russian yacht Alfa Nero, which was detained last year after the invasion of Ukraine.  Alfa Nero has been linked to the Russian b...
Three Vietnamese Fishermen Beat the Odds of Survival at Sea

Three Vietnamese Fishermen Beat the Odds of Survival at Sea

By The Maritime Executive
June 20, 2023
In the past three weeks, three Vietnamese fishermen each defied the odds and survived hours or days in the water after going overboard, making national headlines for "miraculous" rescues. On June 1...
NTSB: Oily Rags Caused Total Loss of Luxury Yacht

NTSB: Oily Rags Caused Total Loss of Luxury Yacht

By The Maritime Executive
June 20, 2023
The marine environment takes a toll on coatings, and to keep up with maintenance, most ships' crews use oil-based paints and finishes almost every day that the weather allows. These materials come wit...
Wallenius Wilhelmsen Contracts for Biofuel Supply from ExxonMobil

Wallenius Wilhelmsen Contracts for Biofuel Supply from ExxonMobil

By The Maritime Executive
June 20, 2023
Wallenius Wilhelmsen, a Norwegian shipping giant known for its fleet of vehicle carriers, reports it has secured a supply of biofuel to help it begin the next step in its efforts toward reducing emiss...
Cargill and Lauritzen Order Another Pioneering Methanol-Fueled Bulker

Cargill and Lauritzen Order Another Pioneering Methanol-Fueled Bulker

By The Maritime Executive
June 20, 2023
Cargill, the leading agribusiness, is accelerating its efforts to improve its shipping operations with an agreement to charter a third methanol-fueled Kamsarmax bulk carrier in a partnership with Dani...
Fred. Olsen 1848 Launches Rope Mesh-Rigged Floating Solar Array

Fred. Olsen 1848 Launches Rope Mesh-Rigged Floating Solar Array

By The Maritime Executive
June 20, 2023
Fred. Olsen's future-tech company, Fred. Olsen 1848, has unveiled a new solution for floating solar. Its "Bolette" system moves with the waves on an interconnected rope net, preventing storm damage wh...
China Retrofits Bulker with First Domestically-Built Wind Rotor Sails

China Retrofits Bulker with First Domestically-Built Wind Rotor Sails

By The Maritime Executive
June 20, 2023
China State Shipbuilding (CSSC) is reporting that it completed the first installation of a domestically designed and built rotor on a commercial ship as a prototype of the technology. The pictures sho...

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