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Fijian Court Delays Seizure of $350M Russian Yacht

Fijian Court Delays Seizure of $350M Russian Yacht

By The Maritime Executive
May 9, 2022
A court in Fiji has temporarily paused the seizure of the Russian-owned megayacht Amadea, which is moored in the port of Lautoka. The United States government believes that the Amadea belongs to sanct...
Brodosplit in Financial Crisis After Losing Russian Construction Loans

Brodosplit in Financial Crisis After Losing Russian Construction Loans

By The Maritime Executive
May 9, 2022
Brodosplit the Croatian shipbuilder has filed for provisional bankruptcy as the company looks for a solution to a financial crisis brought on by the EU's financial and banking sanctions against Russia...
Contracts Awarded for U.S. Offshore Wind Projects

Contracts Awarded for U.S. Offshore Wind Projects

By The Maritime Executive
May 9, 2022
Wind developers are awarding contracts as they prepare to move into the offshore construction of wind farms and then to provide ongoing support and maintenance. Both U.S. companies and international l...
Video: U.S. Coast Guard Rescues Superyacht off Grays Harbor

Video: U.S. Coast Guard Rescues Superyacht off Grays Harbor

By The Maritime Executive
May 9, 2022
Over the weekend, the U.S. Coast Guard rescued seven people from a 143-foot Benetti yacht about 25 miles off the northwest coast of Washington. The crew of the yacht Domani made a distress call at...
MARAD Increases Port Infrastructure Grants to $684 Million in 2022

MARAD Increases Port Infrastructure Grants to $684 Million in 2022

By The Maritime Executive
May 9, 2022
The U.S. Department of Transportation is again doubling the monies to be awarded in 2022 for port infrastructure investments through the Maritime Administration’s (MARAD) Port Infrastructure Developme...
Nigerian Sugar Company Buys Two Bulk Carriers to Improve Logistics

Nigerian Sugar Company Buys Two Bulk Carriers to Improve Logistics

By The Maritime Executive
May 9, 2022
One of Africa’s emerging food companies is joining the shipping world acquiring two bulk carriers to better manage logistics in its emerging business. The company becomes one of an increasing number o...
Cadeler Orders Third Wind Installation Vessel from Cosco

Cadeler Orders Third Wind Installation Vessel from Cosco

By The Maritime Executive
May 9, 2022
The emerging opportunities for the installation of offshore wind farms along with the growth in the size of the turbines are continuing to create opportunities in the shipbuilding market. Denmark’s Ca...
Ocean Recovery Group Achieves ZPO Ocean-Bound Plastic Certifications

Ocean Recovery Group Achieves ZPO Ocean-Bound Plastic Certifications

By The Maritime Executive
May 9, 2022
[By: Ocean Recovery Group] Ocean Recovery Group (ORG), a Florida based social-business enterprise that leverages over 100 years of recycling-industry experience to better collect, clean and recycle...
The Jones Act is U.S. Wealth and Prosperity

The Jones Act is U.S. Wealth and Prosperity

By Tony Munoz
May 9, 2022
The Chinese government has shut down Shanghai due to the Zero COVID Tolerance plan, leaving many of the 26 million residents without food or income. Beijing may be next. The Port of Shanghai and the B...
UK Regulators Willing to Approve Maersk Drilling – Noble Merger 

UK Regulators Willing to Approve Maersk Drilling – Noble Merger 

By The Maritime Executive
May 9, 2022
Regulators in the UK indicated today that they would be willing to review and likely accept the merger of Maersk Drilling and Noble Corporation if the companies proceed with the proposed remedies to t...

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