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Maritime Executive

51-Day Strike Ends as Questions of DSME’s Financial Stability Mount

By The Maritime Executive
July 22, 2022
Daewoo Shipbuilding & Marine Engineering Co. and the union representing subcontractors reached an agreement at the end of the day on Friday ending a 51-day strike that threatened the financial stabili...
Damen and Curacao Plan Investments for Caribbean’s Largest Shipyard

Damen and Curacao Plan Investments for Caribbean’s Largest Shipyard

By The Maritime Executive
July 22, 2022
Investments for the facilities at Damen Shiprepair Curacao, the largest shipyard in the Caribbean, are expected to proceed shortly. The shipyard located on Curacao near the coast of South America is o...
Russia is Competing with Iran and Venezuela to Sell Discount Oil

Russia is Competing with Iran and Venezuela to Sell Discount Oil

By The Maritime Executive
July 22, 2022
As sanctions and international isolation begin to take hold for Russia's oil industry, it has begun discounting prices in order to entice new buyers in far-flung markets. But in doing so, according to...
AIDA Becomes First Large Cruise Ship to Bunker with Biofuel 

AIDA Becomes First Large Cruise Ship to Bunker with Biofuel 

By The Maritime Executive
July 22, 2022
The first large cruise ship bunkered with a blended marine biofuel making the latest expansion of biofuel which has drawn wide support in the commercial shipping industry. The bunkering took place wit...
Rights Groups Call on Donor Nations to Pay for Aging FSO's Removal

Rights Groups Call on Donor Nations to Pay for Aging FSO's Removal

By The Maritime Executive
July 22, 2022
Governments and donors are under renewed pressure to provide funding to the UN to facilitate the cleanup of decaying Yemeni FSO Safer in order to avert an imminent humanitarian and environmental disas...
Japan Joins Growing Trend for Electric Tugs

Japan Joins Growing Trend for Electric Tugs

By The Maritime Executive
July 22, 2022
Japan’s Seagate Corporation, part of Kawasaki Kisen Kaisha (“K” LINE) announced it is joining the growing number of companies developing electric tugs. The company plans to launch the first battery-po...
The Decarbonization Tradeoffs for Ammonia, Methanol and H2

The Decarbonization Tradeoffs for Ammonia, Methanol and H2

By Dialogue Earth
July 22, 2022
[By Isabelle Gerretsen] Experts say the shipping industry will have to decarbonize rapidly to keep global average temperature increases below the critical threshold of 1.5C, and find alternative gr...
Maritime Executive

A Kenyan Port Deal Could Increase DP World's Presence in East Africa

By Brian Gicheru Kinyua
July 22, 2022
In the recent past, DP World has been in an overdrive to acquire Indian Ocean ports. Particularly, DP World appears intent to have a firm grip on the African market. However, in the race to ink more d...
Japan Approves Plan for Release of Fukushima Nuclear Wastewater

Japan Approves Plan for Release of Fukushima Nuclear Wastewater

By The Maritime Executive
July 22, 2022
On Friday, Japan’s nuclear regulator approved a detailed plan for the release of treated radioactive wastewater from the Fukushima Daiichi nuclear powerplant into the Pacific. The stored water amounts...
CMA CGM Increases French Discounts to Head Off Windfall Profit Tax 

CMA CGM Increases French Discounts to Head Off Windfall Profit Tax 

By The Maritime Executive
July 22, 2022
Responding to political pressures and the threat of a windfall profits tax, CMA CGM Group announced it will expand its discounts for French shippers and exporters in an effort the shipping giant says...

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