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Contract Rates Decline Starting Expected Market Normalization

Contract Rates Decline Starting Expected Market Normalization

By The Maritime Executive
September 29, 2022
After numerous reports citing declines in container spot rates, the first data showing declines in long-term contract rates are beginning to align with fears of a broadening global recession. Leading...
Union Plans Broader Second Strike at Liverpool Rejecting Wage Offer

Union Plans Broader Second Strike at Liverpool Rejecting Wage Offer

By The Maritime Executive
September 29, 2022
Union officials are planning to increase the pressure on the UK ports announcing plans for a second strike at the port of Liverpool that will encompass more of the employees of Peel Ports operators of...
Maritime Executive

Biden Administration Grants Jones Act Waiver to Foreign-Flagged Tanker

By The Maritime Executive
September 29, 2022
After advocacy from the territorial government of Puerto Rico and the left wing of his own party, President Joe Biden has approved a Jones Act waiver for a single foreign-flagged tanker to unload Amer...
Product Tanker Holed by Fishing Boat in Busy Dutch Anchorage 

Product Tanker Holed by Fishing Boat in Busy Dutch Anchorage 

By The Maritime Executive
September 29, 2022
The Netherlands Coastguard and the Maritime Police are onsite at the scene of an allision that took place overnight in the busy Ijumuiden anchorage off the coast of the Netherlands. The authorities ar...
Renewed Crane Range Lifts Offshore Wind Industry to the Next Level

Renewed Crane Range Lifts Offshore Wind Industry to the Next Level

By The Maritime Executive
September 29, 2022
To improve safety and efficiency of customers’ lifting operations during regular maintenance of offshore wind turbines, PALFINGER has launched the PF crane range, a renewed series of wind cranes. A fu...
UK Marks World Maritime Day With Funding Boost for Green Shipping

UK Marks World Maritime Day With Funding Boost for Green Shipping

By The Maritime Executive
September 29, 2022
To mark this year’s World Maritime Day, the UK government has announced funding for the third round of its clean maritime demonstration competition, which will invest up to $64 million in real-world d...
Royal Navy Responds to Hurricane Damage in Turks and Caicos

Royal Navy Responds to Hurricane Damage in Turks and Caicos

By Royal Navy News
September 28, 2022
The Royal Navy has been helping out with the recovery effort in the Turks and Caicos Islands, which were hit by Hurricane Fiona earlier last week. Two Royal Navy vessels are forward-deployed to the re...
Shift Gets Ready to Power 17 All-Electric and Hybrid Tugs

Shift Gets Ready to Power 17 All-Electric and Hybrid Tugs

By The Maritime Executive
September 28, 2022
In a sign that battery-electric and battery-hybrid systems are taking off in the workboat sector, Shift Clean Energy says that it will be supplying energy storage systems for 17 new hybrid and electri...
Maritime Executive

GTT receives AIP from Bureau Veritas for Design of LNG-Fuelled Carrier

By The Maritime Executive
September 28, 2022
GTT received an Approval in Principle (AiP) from Bureau Veritas for a LNG-fuelled and NH31-ready Very Large Cruise Carrier (VLCC) design. This approval is part of a joint development project, started...
COTECMAR & Damen Join for Co-Development of Contractual Design for PES

COTECMAR & Damen Join for Co-Development of Contractual Design for PES

By The Maritime Executive
September 28, 2022
COTECMAR and Damen signed a contract for the co- development of the Contractual Design for the next generation of frigates for the Colombian Navy. The signing ceremony took place on board of the ARC A...

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