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Review Finds Missteps in Failed Auckland Terminal Automation Project

Review Finds Missteps in Failed Auckland Terminal Automation Project

By The Maritime Executive
September 23, 2022
The port of Auckland has come under criticism for multiple failures that resulted in the termination of an automation project for the Fergusson container terminal, costing the port approximately $36 m...
Marco Polo Targets Offshore Wind Market with Newbuild CSOV

Marco Polo Targets Offshore Wind Market with Newbuild CSOV

By The Maritime Executive
September 23, 2022
Singapore’s Marco Polo Marine wants to capitalize on the fast expanding Asia-Pacific offshore wind energy market after unveiling plans to build, own and operate a new commissioning service operation v...
UMAS: Cost of IMO 2050 Target Could Reach $1.4 Trillion

UMAS: Cost of IMO 2050 Target Could Reach $1.4 Trillion

By The Maritime Executive
September 23, 2022
The international shipping industry requires a staggering $1.4 trillion in capital expenditure to achieve a 50 percent cut in emissions by 2050, according to a new report by the UK maritime consultanc...
U.S. Carrier Calls in Busan Amidst Heightened Tensions With N. Korea

U.S. Carrier Calls in Busan Amidst Heightened Tensions With N. Korea

By The Maritime Executive
September 23, 2022
The nuclear-powered carrier USS Ronald Reagan is in South Korea for joint military drills amidst rising tensions in the Korean peninsula due to threats from North Korea. The U.S Navy announced that...
First Offshore Floating Hydrogen Production Pilot Begins Tests

First Offshore Floating Hydrogen Production Pilot Begins Tests

By The Maritime Executive
September 23, 2022
The concept of developing hydrogen offshore linked to wind farms is taking a step forward with the first test unit having been dedicated in France. The Sealhyfe platform was installed on a Wavegem wav...
Maritime Executive

Why Shippers Can Renegotiate Some Long-Term Contracts But Not Others

By The Maritime Executive
September 23, 2022
After a year of highly profitable freight rates, the container shipping business appears to be normalizing. In the past week, the overall SCFI (Shanghai Containerized Freight Index) spot rate index fo...
Rice Cargoes Stranded at Major Indian Ports Due to Export Ban

Rice Cargoes Stranded at Major Indian Ports Due to Export Ban

By The Maritime Executive
September 23, 2022
Following India’s ban on export of various varieties of rice earlier this month, close to 20 ships are stuck at major Indian ports awaiting to load over 600,000 tons of rice, forcing sellers to pay de...
Portugal Targets 10 GW in Giant Offshore Wind Auction in 2023

Portugal Targets 10 GW in Giant Offshore Wind Auction in 2023

By The Maritime Executive
September 23, 2022
As Portugal accelerates efforts for energy transition, the government has further raised the target for its debut offshore wind power auction to 10 gigawatts (GW). In June, the government committed...
Crowley, Berge Bulk and Scorpio Tankers Support Carbon Capture Startup

Crowley, Berge Bulk and Scorpio Tankers Support Carbon Capture Startup

By The Maritime Executive
September 23, 2022
The challenges of decarbonizing the shipping industry are giving rise to new technologies and companies focusing on elements such as treating emissions and new generations of alternative biofuel and i...
UK Receives 26 Bids in First-Ever Carbon Storage Site Auction 

UK Receives 26 Bids in First-Ever Carbon Storage Site Auction 

By The Maritime Executive
September 23, 2022
The UK reports a strong response for its first-ever carbon storage licensing round which offers up 13 areas along the coast for the emerging industry. The North Sea Transition Authority (NSTA) reports...

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