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Maritime Executive

Shots Fired as Iranian Navy Approaches Crude Oil Tanker Near Oman

By The Maritime Executive
July 5, 2023
Iran approached two commercial tankers underway in the area around the Strait of Hormuz and fired at one of the vessels in an attempt to stop a laden crude oil tanker according to U.S. Naval Forces Ce...
Hong Kong Customs Officials Make Record Seizure in Smuggling Bust

Hong Kong Customs Officials Make Record Seizure in Smuggling Bust

By The Maritime Executive
July 5, 2023
Customs officials in Hong Kong have busted another intricate smuggling racket at the busy Kwai Tsing Container Terminals after seizing goods with an estimated market value of about US$190 million, the...
UK Renewables Groups Demand Better Auction Terms for Offshore Wind

UK Renewables Groups Demand Better Auction Terms for Offshore Wind

By The Maritime Executive
July 4, 2023
The British renewable-energy trade groups RenewableUK, Energy UK and Scottish Renewables are urging the British government to make deep changes to their annual clean power auctions, known in the busin...
Russia Rejects Compromise Proposal for Black Sea Grain Initiative

Russia Rejects Compromise Proposal for Black Sea Grain Initiative

By The Maritime Executive
July 4, 2023
The government of Russia has rejected a compromise proposed by the European Union and has effectively pledged to withdraw from the Black Sea Grain Initiative, the agreement that secured a partial lift...
Success With Green Finance Requires Collaborative Thinking

Success With Green Finance Requires Collaborative Thinking

By Sean McLaughlin
July 4, 2023
The shipping market has changed drastically over the last 10-20 years, particularly on the funding side. Many traditional shipping banks left the market after the 2008 crash. For most of the 20 years...
Vietnam Bans "Barbie" Movie Over Depiction of Chinese Maritime Claims

Vietnam Bans "Barbie" Movie Over Depiction of Chinese Maritime Claims

By The Maritime Executive
July 4, 2023
The government of Vietnam is sensitive to media depictions of China's excessive maritime claims in the South China Sea, which overlap the Vietnamese EEZ. When a foreign film depicts China's "nine-dash...
Volvo Cars Switches to Biodiesel for Ocean Freight and Spare Parts

Volvo Cars Switches to Biodiesel for Ocean Freight and Spare Parts

By The Maritime Executive
July 4, 2023
Manufacturers and shippers are increasingly taking the leadership working with their carriers and logistics providers to respond to the growing pressures and consumer calls to decarbonize all elements...
NYK Joins GCMD as First Japan-Based Line to Accelerate Decarbonization

NYK Joins GCMD as First Japan-Based Line to Accelerate Decarbonization

By The Maritime Executive
July 4, 2023
[By: NYK and Global Centre for Maritime Decarbonisation] The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) announced today the signing of a five-year Str...
Report: Seafarers Charged $50 to $7,500 in Illegal Recruiting Fees

Report: Seafarers Charged $50 to $7,500 in Illegal Recruiting Fees

By The Maritime Executive
July 4, 2023
A new report is once again highlighting the frequency with which seafarers are being asked to pay illegal employment fees to get jobs aboard commercial ships and the potential impact on these sailors...
Video: Largest Suction Sails Installed on Dutch Short-Sea Cargo Ship

Video: Largest Suction Sails Installed on Dutch Short-Sea Cargo Ship

By The Maritime Executive
July 4, 2023
Bound4blue, a Spanish company that is developing automated wind-assisted propulsion systems, reports it has completed the installation of the largest fixed suction sails ever built and placed on a com...

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