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DP World to Modernize Somalia’s Bosaso Port as it Expands African Ops

DP World to Modernize Somalia’s Bosaso Port as it Expands African Ops

By The Maritime Executive
December 9, 2022
In yet another move to expand its influence in Somalia, the DP World and Somalia’s State Government of Puntland have signed an agreement for the expansion and upgrade of the Port of Bosaso in northeas...
Samsung Finds a Buyer for Canceled Ocean Rig Drillship

Samsung Finds a Buyer for Canceled Ocean Rig Drillship

By The Maritime Executive
December 9, 2022
Italian offshore services company Saipem has bought the seventh-gen drillship Santorini from Samsung Heavy Industries for a deeply-discounted cash price of $230 million, unwinding one of the last of t...
Canadian Coast Guard’s Historic Research Vessel Heads for Dismantling

Canadian Coast Guard’s Historic Research Vessel Heads for Dismantling

By The Maritime Executive
December 9, 2022
After about six decades of service, Canada’s sole ocean research vessel that was decommissioned earlier this year due to age and mechanical failures is making its final voyage for dismantling. The Can...
NYC Advances Plan to Develop Second Staten Island Offshore Wind Port

NYC Advances Plan to Develop Second Staten Island Offshore Wind Port

By The Maritime Executive
December 9, 2022
New York City is continuing its efforts to develop port facilities that would be used to support the emerging offshore wind energy sector. In the latest development, the NYC Economic Development Corpo...
NZ Navy Idles One-Third of its Fleet Due to Manning Shortage

NZ Navy Idles One-Third of its Fleet Due to Manning Shortage

By The Maritime Executive
December 9, 2022
New Zealand's small navy has had to sideline three of its ships to conserve staff as private-sector competition peels off an ever-growing number of its sailors. It is an extreme version of the staffin...
U.S. House Approves Bill to Update Maritime Liability Laws

U.S. House Approves Bill to Update Maritime Liability Laws

By The Maritime Executive
December 9, 2022
The U.S. House of Representatives has approved a reform to the maritime liabilities laws specifically designed to help victims of boating disasters similar to the 2019 fire aboard the dive boat Concep...
Shipping Hub to Be Launched in Danish Hirtshals Port for CCS Project

Shipping Hub to Be Launched in Danish Hirtshals Port for CCS Project

By The Maritime Executive
December 9, 2022
A consortium of Scandinavia companies is launching an effort to establish a Danish hub for the export of CO2 produced while manufacturing biogas as part of a pioneering project for the storage of CO2...
French Navy Seizes 4.6 Tons of Cocaine Heading for Europe

French Navy Seizes 4.6 Tons of Cocaine Heading for Europe

By The Maritime Executive
December 9, 2022
The French Navy seized a Brazilian vessel carrying over 4.6 tons of cocaine worth an estimated $157.8 million (street value set at over $360 million) as part of a multi-national operation off the Afri...
More Nations Are Tightening Control of Strategic Mineral Exports

More Nations Are Tightening Control of Strategic Mineral Exports

By The Strategist
December 9, 2022
The World Trade Organization last week ruled that Indonesia had no right to ban the export of nickel or to require that raw nickel ore be refined in Indonesia. Handing a comprehensive victory to th...
Maritime Executive

Striking South Korean Truck Drivers Return to Work After 16 Days

By The Maritime Executive
December 9, 2022
Activity at South Korea’s main ports returned to normal on Friday as the striking truck drivers called off their 16-day strike despite not achieving any significant concessions from the government. Th...

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