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ECOsubsea Raises $12 Million from SWEN Capital Partner’s Blue Ocean Fund

ECOsubsea Raises $12 Million from SWEN Capital Partner’s Blue Ocean Fund

By The Maritime Executive
October 3, 2023
[By: ECOsubsea] The Series B financing round led by the Blue Ocean fund, managed by leading sustainable investor SWEN Capital Partners, enables Norwegian hull cleaning specialist to scale up its op...
Shipping Must Manage New Financial Risks with Transition to EU ETS

Shipping Must Manage New Financial Risks with Transition to EU ETS

By The Maritime Executive
October 3, 2023
[By: OceanScore] The concept of trading is about to take on a whole new meaning for shipping companies with implementation of the EU Emissions Trading System (EU ETS) for maritime from next year. A...
Republic of the Marshall Islands Registry Mourns Captain David J.F. Bruce

Republic of the Marshall Islands Registry Mourns Captain David J.F. Bruce

By The Maritime Executive
October 3, 2023
[By: The Marshall Islands Registry] Captain David J.F. Bruce, Permanent Representative of the Republic of the Marshall Islands (RMI) to the International Maritime Organization (IMO), and Senior Dep...
Wasaline Launches Green Corridor Fridays

Wasaline Launches Green Corridor Fridays

By The Maritime Executive
October 3, 2023
[By: Wasaline] Wasaline will start operating with certified biogas one day a week from October 13, in preparation for the EU emissions trading system that will come into force next year. Biogas is...
Approval in Principle for Methanol Superstorage Solution on Existing Ships

Approval in Principle for Methanol Superstorage Solution on Existing Ships

By The Maritime Executive
October 3, 2023
[By: SRC Group] A new and space efficient retrofit methanol storage solution from SRC Group has received Approval in Principle from Lloyd’s Register, signifying that no major conceptual issues have...
More U.S. Wind Farms Terminate Power Agreements Due to Financial Pressures

More U.S. Wind Farms Terminate Power Agreements Due to Financial Pressures

By The Maritime Executive
October 3, 2023
The U.S. continues to push forward with the permitting process for the development of offshore wind energy resources while evidence continues to mount regarding the changing economics of the sector. D...
For China's Shipowners, Economy and Trade Drove Fleet Growth

For China's Shipowners, Economy and Trade Drove Fleet Growth

By The Maritime Executive
October 2, 2023
Greece still dominates the waves when measuring ship ownership by deadweight tonnage, but this year China took the lead in terms of gross tonnage (GT) and total fleet value owned, according to Clarkso...
Two Top Execs at South Africa's Port and Rail Operator Resign

Two Top Execs at South Africa's Port and Rail Operator Resign

By The Maritime Executive
October 2, 2023
The CEO and CFO of South African state logistics company Transnet resigned last Friday. The departure of Transnet’s CEO Portia Derby was a culmination of pressure from business and labor groups, which...
U.S. Navy Quietly Decommissions Two Littoral Combat Ships in One Day

U.S. Navy Quietly Decommissions Two Littoral Combat Ships in One Day

By The Maritime Executive
October 2, 2023
On Friday, the U.S. Navy base in Mayport, Florida hosted a scene rarely encountered since the mass demobilization of the late 1940s: two young warships with long lifetimes ahead were removed from serv...
Hapag Celebrates Introduction of its First Ultra Large, LNG-Fueled Boxship

Hapag Celebrates Introduction of its First Ultra Large, LNG-Fueled Boxship

By The Maritime Executive
October 2, 2023
Hapag-Lloyd marked its entry into the ultra large container vessel segment, celebrating the introduction of its first newbuild. The 23,664 TEU Berlin Express was named in Germany today, becoming the l...

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