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11 Dead in Migrant Boat Sinking off Puerto Rico

11 Dead in Migrant Boat Sinking off Puerto Rico

By The Maritime Executive
May 13, 2022
A migrant vessel capsized off the coast of Puerto Rico on Thursday, killing at least 11, according to the U.S. Coast Guard. Nearly three dozen more have been rescued. At about 1200 hours Thursday,...
HMM Posts Record $2.4B Quarterly Profit

HMM Posts Record $2.4B Quarterly Profit

By The Maritime Executive
May 12, 2022
South Korean national shipping line HMM has reported its best quarter ever, bringing in profits of $2.4 billion with a margin of more than 60 percent in the first three months of the year. It is the s...
EU Helps Ukrainian Grain Exports Get Around Russia's Naval Blockade

EU Helps Ukrainian Grain Exports Get Around Russia's Naval Blockade

By The Maritime Executive
May 12, 2022
In order to blunt the effects of the Russian blockade of Ukraine's Black Sea coast, the European Commission is taking action to speed up agricultural imports across its land border with "Solidarity La...
Projects in Japan and France Seek to Advance Floating Wind Technology

Projects in Japan and France Seek to Advance Floating Wind Technology

By The Maritime Executive
May 12, 2022
Projects are getting underway in both France and Japan seeking to advance the development of floating wind turbines and support the countries’ efforts to develop renewable power sources. Floating wind...
Ukrainian Sources Claim a Hit on a Russian Naval Auxiliary

Ukrainian Sources Claim a Hit on a Russian Naval Auxiliary

By The Maritime Executive
May 12, 2022
Two Ukrainian officials have claimed that another Russian Navy ship has been hit in the Black Sea. Though the incident remains unconfirmed, the newly-delivered auxiliary Vsevolod Bobrov was reportedly...
MOL Invests in Scrubber for Car Carriers to Meet At-Berth Exhaust Regs

MOL Invests in Scrubber for Car Carriers to Meet At-Berth Exhaust Regs

By The Maritime Executive
May 12, 2022
Japan’s Mitsui O.S.K. Lines is funding the development of a new-generation marine exhaust treatment system specifically for use on its car carriers to meet the pending air pollution regulations in Cal...
Maritime Executive

CMA CGM Will Pay US Shippers Incentives for Early Container Returns 

By The Maritime Executive
May 12, 2022
CMA CGM Group is implementing the shipping industry’s first early container return incentive program focusing on the Port of Los Angeles and key Midwestern return locations in the United States. Accor...
Hapag’s Profit Triples While Cautioning Container Market has Peaked

Hapag’s Profit Triples While Cautioning Container Market has Peaked

By The Maritime Executive
May 12, 2022
As the latest demonstration of the ongoing strength in the container shipping markets, Hapag-Lloyd reported a better than 80 percent increase in revenues while group profits more than tripled to $4.7...
U.S. Senate Confirms Adm. Linda Fagan as First Female USCG Commandant

U.S. Senate Confirms Adm. Linda Fagan as First Female USCG Commandant

By The Maritime Executive
May 12, 2022
The Senate has confirmed Adm. Linda Fagan to the post of commandant of the U.S. Coast Guard, making her the first woman to head a U.S. military service. (Though it is housed outside of the Department...
Edison Chouest to Run Hybrid Battery SOV from Brooklyn for Empire Wind

Edison Chouest to Run Hybrid Battery SOV from Brooklyn for Empire Wind

By The Maritime Executive
May 12, 2022
Edison Chouest Offshore was selected to supply the first plug-in hybrid service operations vessel (SOV) with batter capability in the United States for the new Empire Wind offshore wind farm. The vess...

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