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Bill Proposes Limits on China and its Influence on Ocean Shipping

Bill Proposes Limits on China and its Influence on Ocean Shipping

By The Maritime Executive
March 29, 2023
Following up on a promise to address certain shortcomings in the 2022 Ocean Shipping Reform Act and to increase the scrutiny of Chinese influence over the shipping industry, U.S. Representatives Dusty...
Cargill Plans to Quit Russian Grain Terminal Operations

Cargill Plans to Quit Russian Grain Terminal Operations

By The Maritime Executive
March 29, 2023
Privately-held agribusiness giant Cargill is quitting its Russian grain terminal operations within a few months' time, the firm said in a brief statement Wednesday.  Citing "grain export-related ch...
Denmark Calls for Renewed Action on Piracy as Hunt for Tanker Goes On

Denmark Calls for Renewed Action on Piracy as Hunt for Tanker Goes On

By The Maritime Executive
March 29, 2023
There are renewed calls for attention and further action on the piracy problem in West Africa in the wake of this week’s ongoing hijacking of a product tanker off Congo. Danske Rederier, the Danish sh...
Maritime Executive

Norsepower Secures €28M Investment to Expand Rotor Sail Production

By The Maritime Executive
March 29, 2023
Norsepower Oy Ltd., the leading global provider of mechanical sails for large ships, has successfully secured 28 million euros in its latest Series C fundraising round. French asset manager Mirova, an...
Barges Break Free and Are Wedged Against Ohio River Dam

Barges Break Free and Are Wedged Against Ohio River Dam

By The Maritime Executive
March 29, 2023
Emergency response teams from the U.S. Coast Guard along with state and local officials are responding to a tug and barge accident on the Ohio River near Louisville, Kentucky that is disrupting river...
Seaspan Shipyards Surpasses $2B Under National Shipbuilding Strategy

Seaspan Shipyards Surpasses $2B Under National Shipbuilding Strategy

By The Maritime Executive
March 29, 2023
As the shipbuilding industry in Canada continues its resurgence, Seaspan Shipyards (Seaspan) has awarded more than $2 billion in contracts to Canadian companies to design and construct new, large non-...
Spain Tries to Regulate Ship-to-Ship Tanker Transfers in Int'l Waters

Spain Tries to Regulate Ship-to-Ship Tanker Transfers in Int'l Waters

By The Maritime Executive
March 28, 2023
Spain has enacted a national regulation aimed at restricting ship-to-ship oil transfers outside of its 12-mile line, effectively extending Spanish authority into international waters.  The area off...
Nor-Shipping Partners to Fuel Progress with Hydrogen Conference

Nor-Shipping Partners to Fuel Progress with Hydrogen Conference

By The Maritime Executive
March 28, 2023
Nor-Shipping is partnering with Ocean Hyway Cluster and Maritime CleanTech to deliver The Second Nor-Shipping Hydrogen Conference on 7 June. The event, taking place at Nor-Shipping’s main exhibition h...
Himalaya Shipping Launches $45M IPO on the NYSE

Himalaya Shipping Launches $45M IPO on the NYSE

By The Maritime Executive
March 28, 2023
Himalaya Shipping, the operator of HFO-LNG dual-fuel bulkers, has announced the launch of a $45 million IPO on the NYSE.  The underwriters of the sale will have the option to buy another $6.7 milli...
Port of Savannah Adding 55 Hybrid Yard Cranes

Port of Savannah Adding 55 Hybrid Yard Cranes

By The Maritime Executive
March 28, 2023
The Georgia Ports Authority has agreed to spend $170 million on 55 hybrid-engine rubber-tired gantry cranes to outfit the Port of Savannah’s Ocean Terminal, as it is redeveloped into an all-container...

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