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DSME Recapitalization Completed as Shipbuilder Becomes Hanwha Ocean

DSME Recapitalization Completed as Shipbuilder Becomes Hanwha Ocean

By The Maritime Executive
May 23, 2023
Shareholders of Daewoo Shipbuilding and Marine Engineering gave the final approval for the deal brokered by the Korea Development Bank in September 2022 for Hanwha Group to take control and recapitali...
Maritime Executive

VSAT Connectivity Comes With Cybersecurity Threats to Vessels

By Jessie Hamill-Stewart and Andrew Sallay (ed.)
May 23, 2023
A maritime VSAT (Very Small Aperture Terminal) is a two-way satellite internet terminal which receives and transmits real-time data via satellites. It is vital for many vessels to maintain a high-spee...
French Tourists Airlifted to Safety as Tour Boat Grounds in Norway

French Tourists Airlifted to Safety as Tour Boat Grounds in Norway

By The Maritime Executive
May 23, 2023
A small tour boat operating Norway’s extreme north near the Arctic went aground on Monday, May 22, prompting an air rescue for the tourists as the vessel assumed a strong list. The governor of the Sva...
Indian Government to Pay 30% Subsidy to Build Green Shipping

Indian Government to Pay 30% Subsidy to Build Green Shipping

By The Maritime Executive
May 23, 2023
The Indian government unveiled a series of initiatives designed to encourage the adoption of green technology in the shipping industry by providing financial support and also focusing on port moderniz...
Bumi Armada Turns to Drone Tech to Reduce Methane Leaks Offshore

Bumi Armada Turns to Drone Tech to Reduce Methane Leaks Offshore

By The Maritime Executive
May 23, 2023
FPSO operator Bumi Armada is working to reduce the greenhouse gas emissions intensity of its oil and gas operations in the UK North Sea, and it is turning to a novel solution: drone technology.  Me...
Troubled Containership Towed Back to New Zealand for More Repairs

Troubled Containership Towed Back to New Zealand for More Repairs

By The Maritime Executive
May 23, 2023
The containership Shiling (66,500 dwt) returned to Wellington, New Zealand today, May 23, after a tow to bring the vessel back so that it can again undergo engine repairs. The troubled ship, which is...
CSSC Carnival Will Restart Cruising in Northern China in Late 2023

CSSC Carnival Will Restart Cruising in Northern China in Late 2023

By The Maritime Executive
May 23, 2023
CSSC Carnival Corporation, the Chinese cruise company started by China State Shipbuilding Corporation with investments from Carnival Corp. announced agreements to start cruise ship operations and comm...
International Chamber of Commerce Dismisses $671 Million Claim

International Chamber of Commerce Dismisses $671 Million Claim

By The Maritime Executive
May 23, 2023
[By: Panama Canal Authority] In the recent arbitration related to the Lock Gates, Labour and Shareholder claims in which the claimants of the Third Set of Locks Design and Construction Contract whe...
Hanzevast Shipping and Castor Marine for Renewal of IT Infrastructure

Hanzevast Shipping and Castor Marine for Renewal of IT Infrastructure

By The Maritime Executive
May 23, 2023
[By: Castor Marine] Bulk carrier operator and investor Hanzevast Shipping BV and Dutch maritime IT and SatCom infrastructure provider Castor Marine have completed the renewal of all onboard IT comm...
Interview: Capt. D'Amely Melodia & Ugo Vaccalluzzo, Regent Seven Seas

Interview: Capt. D'Amely Melodia & Ugo Vaccalluzzo, Regent Seven Seas

By The Maritime Executive
May 23, 2023
The Maritime Executive's publisher and editor-in-chief, Tony Munoz, recently sat down with Capt. Gianluca D’Amely Melodia and Hotel General Manager Ugo Vaccalluzzo aboard the Regent Seven Seas Voyager...

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