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Reshoring Can Reduce Freight Costs - But it May Prove Difficult

Reshoring Can Reduce Freight Costs - But it May Prove Difficult

In the aftermath of the indiscriminate lockdowns in major manufacturing hubs in China, most western companies are examining reshoring and other alternative sourcing options. Reliability in supply chai...

U.S. Consulate Asks Mumbai Port Authority to Ban Russian Ships

U.S. Consulate Asks Mumbai Port Authority to Ban Russian Ships

The Mumbai Port Authority has reportedly requested intervention of the Ministry of External Affairs (MEA) over an alleged letter it received from the US Consulate in Mumbai. The letter, written las...

Food-Based Biofuels Face Scrutiny as War in Ukraine Cuts Grain Supply

Food-Based Biofuels Face Scrutiny as War in Ukraine Cuts Grain Supply

As shipping pursues decarbonization goals, carriers are increasingly adopting biofuels as a clean alternative to fossil fuels. MSC, CMA CGM and Hapag Lloyd are among the carriers that have recently la...

Cunard’s Former Princess Becomes Latest Cruise Ship Sold for Scrap 

Cunard’s Former Princess Becomes Latest Cruise Ship Sold for Scrap 

Another one of the classic cruise ships which helped to lay the groundwork for today’s billion-dollar industry has reached the end of its long career. Introduced in 1977 as Cunard Line’s Cunard Prince...

RWE Joins Effort to Demonstrate H2 Production at Offshore Wind Farm

RWE Joins Effort to Demonstrate H2 Production at Offshore Wind Farm

One of the technologies that are being actively explored seeks to combine offshore wind farms with the production of hydrogen. In the latest development, Germany’s energy giant RWE announced working w...

Basarnas Helps Repatriate Body of Deceased Crewmember

Basarnas Helps Repatriate Body of Deceased Crewmember

[Brief] Indonesian rescue agency Basarnas has helped remove the remains of a seafarer who was killed in an accident aboard a bulker in the Indian Ocean.  The victim, identified as Philippine nation...

Sniffer Drones Monitor Ship's Emissions in Strait of Gibraltar 

Sniffer Drones Monitor Ship's Emissions in Strait of Gibraltar 

The European Maritime Safety Agency is again providing the Spanish Ministry of Transport, Mobility and Urban Agenda with the capacity to monitor sulfur and nitrogen emissions of passing ships in the S...

Developments in Congress Could Slow U.S. Offshore Wind

Developments in Congress Could Slow U.S. Offshore Wind

U.S. offshore wind developers have run into several legislative setbacks this week, including one that could affect progress on installation. An amendment added in the House to the National Defense Au...

Borr Drilling Reaches Terms for New Refinancing with Equity Offering

Borr Drilling Reaches Terms for New Refinancing with Equity Offering

For the second time in 18 months, offshore drilling contractor Borr Drilling is reporting that it has reached terms with creditors to refinance the company. The heavily-leveraged company announce that...

Maritime Executive

Hunger Strike by DSME Subcontractors After Government Denounces Strike

Defying government calls for a settlement and pressure from fellow union members, the striking subcontractors at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) are vowing to fight on fo...