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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...
Ukraine May Have Attacked Russian Frigate Near Snake Island

Ukraine May Have Attacked Russian Frigate Near Snake Island

By The Maritime Executive
May 6, 2022
Ukrainian forces may have successfully attacked another Russian Navy vessel in the Black Sea, according to Ukrainian member of parliament Oleksiy Goncharenko. In a social media statement, he claimed t...
Construction Begins in Cambodia on New $1.5B Port Built by China

Construction Begins in Cambodia on New $1.5B Port Built by China

By The Maritime Executive
May 6, 2022
Work is getting underway on the construction of Cambodia’s third major deep-water port being built at the southern city of Kompot near the Vietnamese border. The port project is projected to cost $1.5...
Maritime Executive

DOE Commits $2.3B in Funding for Carbon Capture and Storage Projects

By The Maritime Executive
May 6, 2022
The U.S. Department of Energy is committing more than $2.3 billion in additional funding to advance diverse carbon management approaches that reduce carbon dioxide (CO2) pollution by focusing on captu...
Prosecutors Document More Fraud as Tanker is Fined $3M in MARPOL Case

Prosecutors Document More Fraud as Tanker is Fined $3M in MARPOL Case

By The Maritime Executive
May 6, 2022
A district court judge in Delaware imposed a $3 million fine and five-year probation on Greek tanker company Liquimar Tanker Management and its vessel the Evridiki during the sentencing hearing on a M...
ILWU, UGC Negotiators Reach Collective Bargaining Agreement

ILWU, UGC Negotiators Reach Collective Bargaining Agreement

By The Maritime Executive
May 6, 2022
[By: ILWU Longshore] The negotiating committees representing Longshore workers from the International Longshore and Warehouse Union (ILWU) Local 4, and management from the United Grain Corporation...
GTT Receives Four New Tank Design Orders from Hudong Zhonghua

GTT Receives Four New Tank Design Orders from Hudong Zhonghua

By The Maritime Executive
May 6, 2022
GTT announces that it has received, in April 2022, an order from its partner the Chinese shipyard Hudong Zhonghua (HZ) for the tank design of the first four Liquefied Natural Gas Carriers (LNGC) for t...

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