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NorthStandard Proposal Gathers Support

NorthStandard Proposal Gathers Support

By The Maritime Executive
May 8, 2022
[By: JLA] Consolidation has long been predicted in the mutual P&I sector, but the proposed merger of marine insurance majors North P&I and the Standard Club has still taken many by surprise. Bot...
MPA Investigates Bunker Fuel Contamination in Singapore Port

MPA Investigates Bunker Fuel Contamination in Singapore Port

By The Maritime Executive
May 8, 2022
[By: MPA] Update on MPA’s Investigation of Bunker Fuel Contamination in Singapore Port     The Maritime and Port Authority of Singapore (MPA) was notified on 14 March 2022 that a number of ships...
Navios Maritime Announces Acquisition of Four Newbuilding Tankers

Navios Maritime Announces Acquisition of Four Newbuilding Tankers

By The Maritime Executive
May 8, 2022
[By: Navios Maritime Partners] Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, announced today that it agreed to...
MMA Offshore Sells its Batam Shipyard

MMA Offshore Sells its Batam Shipyard

By The Maritime Executive
May 6, 2022
Australian company MMA Offshore has agreed to sell its shipyard facility in Batam, Indonesia, to Wasco Engineering Group for a total of $15 million. The offshore support vessel operator and service...
European Commission Adds Three More Yards to the EU SRR List

European Commission Adds Three More Yards to the EU SRR List

By The Maritime Executive
May 6, 2022
The European Union has added three new yards and extending the authorization of two others to its list of approved ship recycling facilities. The European Commission announced that DECOM Amsterdam...
Maritime Executive

Kenya Enters Talks With U.S. on Free Trade Agreement

By Njiraini Muchira
May 6, 2022
Optimism is building up in Kenya after the Biden administration sanctioned formal negotiations that could see the two countries sign a free trade agreement (FTA), following a prolonged period of uncer...
Retail Imports Set New Monthly Record at U.S. Ports

Retail Imports Set New Monthly Record at U.S. Ports

By The Maritime Executive
May 6, 2022
Imports at the U.S.’s major container ports set a new record this spring and are expected to continue at near-record levels into the summer of 2022 as retailers bring in merchandise ahead of rising co...
Rotterdam and Stolt Test Shore Power for Chemical Tankers

Rotterdam and Stolt Test Shore Power for Chemical Tankers

By The Maritime Executive
May 6, 2022
A project is getting underway to explore the feasibility of converting product tankers to shore-based power in ports. As chemical tankers are required to comply with higher safety standards than many...
Ports Providing Financial Incentives for Green Vessels

Ports Providing Financial Incentives for Green Vessels

By The Maritime Executive
May 6, 2022
Ports are increasingly taking steps to support the decarbonization of shipping. In addition to the initiatives looking at the formation of green shipping corridors, individual ports are introducing gr...
Italy Seizes $700M Megayacht With Links to Putin

Italy Seizes $700M Megayacht With Links to Putin

By The Maritime Executive
May 6, 2022
The government of Italy has seized the megayacht Scheherazade in connection with EU sanctions on Russia, bringing an end to months of speculation about the vessel's fate.  Scheherazade has long bee...

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