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Cruise Lines Ordered to Pay $440M in Damages for Use of Havana Pier

By The Maritime Executive

January 2, 2023

A U.S. federal judge on December 30 awarded nearly $440 million in damages plus additional sums for costs to the plaintiffs in a Libertad case over the cruise industry’s use of port facilities in Hava...

Video: Freighter Goes Down off Great Abaco

By The Maritime Executive

January 2, 2023

A freighter went down last week off the coast of Abaco, The Bahamas in foul weather, and salvors are working to reduce the risk of pollution. The Antigua and Barbuda-flagged Onego Traveller began...

Houston is Proceeding with Container Dwell Fee as Volumes Remain High

By The Maritime Executive

January 2, 2023

Port Houston continues to report strong increases in year-over-year container volumes leading port executives to announce that starting February 1, 2023, they will proceed with a Sustain Import Dwell...

CMA Terminals Uses Asset Swap to Divest Russian Investments

By The Maritime Executive

January 2, 2023

France’s CMA Terminals, part of the CMA CGM Group, is using an asset swap as a means of divesting holdings in Russia. The creative non-cash solution is the latest in a series of moves by western compa...

Chinese Shipyards Led 2022 Orders Including Growth in LNG Segment

By The Maritime Executive

January 2, 2023

Analysts are reporting that 2022 was another strong year for newbuilding orders although the pace as expected slowed from 2021. As volumes declined, prices for new construction orders remained competi...

Harland & Wolff Cuts Revenue Forecast Due to Delays

By The Maritime Executive

January 1, 2023

The revival of famed shipbuilder Harland & Wolff is sailing into turbulent waters. Supply chain constraints have affected one major contract, while geopolitical uncertainties and inflation have forced...

Three of Edda Wind's SOV Newbuilds Delayed

By The Maritime Executive

January 1, 2023

Offshore wind service vessel company Edda Wind says that two of its newbuilds vessels that were scheduled to commence operations in January will not enter service until March due to delays in the inst...

Four Deliveries Rounds Off Good Year for Sanmar Shipyards

By The Maritime Executive

January 1, 2023

[By Sanmar Shipyards] Sanmar Shipyards delivered four tugs during the final week of 2022 rounding off an extremely successful year, which saw the Turkish tugboat-builder deliver a total of 30 tugs...

Putin Calls for Accelerating Warship Construction for the Russian Navy

By The Maritime Executive

January 1, 2023

Russian President Vladimir Putin has called for accelerating the pace and volume of warship construction for the Russian Navy, which lost one surface combatant last year and likely suffered damage to...

China's Lockdowns are Over, but its Shipping Outlook is Still Mixed

By The Maritime Executive

January 1, 2023

Beijing’s on-and-off COVID lockdowns created serious challenges for shipping in 2022, and even though pandemic-era controls have eased, the trade outlook for China looks mixed. Demand from American im...

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