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Construction Underway on COSCO’s Electric-Powered Containerships

Construction Underway on COSCO’s Electric-Powered Containerships

By The Maritime Executive
May 15, 2023
China’s COSCO Shipping reports that it is making progress on its plans to launch its first electric-powered containerships on the Yangtze. Construction for the two vessels is now underway for the proj...
Video: Researchers Find Wreck of the Blythe Star After 50 Years

Video: Researchers Find Wreck of the Blythe Star After 50 Years

By The Maritime Executive
May 15, 2023
Australian research institute CSIRO has discovered the wreck of the lost freighter Blythe Star, which went down off Tasmania 50 years ago.  On October 13, 1973, Blythe Star capsized without warning...
MISC Announces Leadership Changes at its Petroleum Arm, AET

MISC Announces Leadership Changes at its Petroleum Arm, AET

By The Maritime Executive
May 15, 2023
In prioritizing leadership continuity to drive the organization’s long-term success, MISC Berhad announced the change of President & CEO and Chairman of AET effective 01st June 2023. Zahid Osman has b...
Rescue Plan Underway to Tow Disabled Containership Back to Port

Rescue Plan Underway to Tow Disabled Containership Back to Port

By The Maritime Executive
May 15, 2023
Officials in New Zealand are working with the port of Wellington as well as the owners of a disabled containership to resolve a plan to bring the ship safely back to port to once again undergo repairs...
Royal Caribbean Sets April 2024 Relaunch of Chinese Cruise Market

Royal Caribbean Sets April 2024 Relaunch of Chinese Cruise Market

By The Maritime Executive
May 15, 2023
Royal Caribbean International announced plans to resume cruises from China starting in April 2024. It becomes the first of the Western cruise companies to set a date for Chinese cruises since early 20...
Furthering Digital Transformation With Reliable Satellite Connectivity

Furthering Digital Transformation With Reliable Satellite Connectivity

By Intelsat
May 15, 2023
The pace of digital transformation in the maritime industry continues to accelerate. Fleet owners and operators have embraced technology to better manage and cope with new climate regulations, evolvin...
Maersk’s APM Terminals to Invest $1B in Expanding Operations in Brazil

Maersk’s APM Terminals to Invest $1B in Expanding Operations in Brazil

By The Maritime Executive
May 15, 2023
Maersk’s terminal operator, APM Terminals, is pledging to invest at least $1 billion in port expansion and modernization across Brazil. The investments were announced during a Dutch trade delegation v...
HMM Plans "Cost-Cutting Measures" After 90 Percent Drop in Profits

HMM Plans "Cost-Cutting Measures" After 90 Percent Drop in Profits

By The Maritime Executive
May 14, 2023
After reporting a 90 percent drop in profits in the first quarter, South Korean container line HMM has promised to cut costs to align with the cooling ocean freight market.  Volumes on the core eas...
Turkey Reports Progress on Freeing Ships Blockaded by Russia

Turkey Reports Progress on Freeing Ships Blockaded by Russia

By The Maritime Executive
May 14, 2023
In two days of diplomatic talks with Russia and Ukraine last week, Turkish diplomats made progress towards an agreement to release all Turkish cargo ships from Ukraine, where about five dozen foreign...
HD Hyundai May Reopen Shuttered Hanjin Subic Shipyard

HD Hyundai May Reopen Shuttered Hanjin Subic Shipyard

By The Maritime Executive
May 14, 2023
Grappling with workforce challenges at home, Korean shipbuilding giant HD Hyundai is looking abroad. The conglomerate is said to be considering the possibility of using part of the vast Subic Bay ship...

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