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Did the Bouchard Tug and Barge Auction Achieve the Right Prices?

Did the Bouchard Tug and Barge Auction Achieve the Right Prices?

By Basil Karatzas
July 30, 2021
After several years of legal wrangling in bankruptcy court, most of the marine assets of Bouchard Transportation were sold at auction earlier this month, with the asset purchase agreements to be final...
U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

By The Maritime Executive
July 30, 2021
A New York federal court entered a judgment of forfeiture for an oil tanker used as part of a scheme to evade sanctions against North Korea and in the processes violating U.S. law and deceptively usin...
Report: Most of Explosive Cargo Went Missing Before Beirut Blast

Report: Most of Explosive Cargo Went Missing Before Beirut Blast

By The Maritime Executive
July 30, 2021
Just ahead of the first anniversary of the Port of Beirut blast, a leaked FBI report estimates that only one-fifth of the cargo involved in the blast actually exploded - indicating that unauthorized r...
Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

By The Maritime Executive
July 30, 2021
Fincantieri is continuing its strong rebound after the devastating effects of the COVID-19 pandemic in 2020 and the extended shutdowns across parts of Italy that impacted operations. The shipbuilder a...
Maritime Executive

BOEM Moves Ahead with Offshore Wind Projects on Both Coasts

By The Maritime Executive
July 30, 2021
The United States is working to advance offshore wind projects on both the Atlantic and Pacific coasts in an effort to meet the Biden Administration’s aggressive targets to generate 30 gigawatts of of...
Littoral Combat Ship USS Independence Decommissioned 15 Years Early

Littoral Combat Ship USS Independence Decommissioned 15 Years Early

By The Maritime Executive
July 30, 2021
The crew of the first-in-class littoral combat ship USS Independence (LCS 2) were recognized for their service at the vessel's early decommissioning ceremony, held Thursday at Naval Base San Diego. Th...
Meyer Werft Wins Order to Build Residential Yacht Cruise Ship

Meyer Werft Wins Order to Build Residential Yacht Cruise Ship

By The Maritime Executive
July 30, 2021
Meyer Werft and Ocean Residents Development Ltd. confirmed that a contract has been signed, subject to financing, for the construction of a new resident yacht cruise ship. It represents only the secon...
Two Killed During Attack on Israeli-Managed Product Tanker off Oman

Two Killed During Attack on Israeli-Managed Product Tanker off Oman

By The Maritime Executive
July 30, 2021
Two seafarers were reported killed in the latest attack on an Israeli-managed vessel operating in the Middle East region. The incident, which was confirmed by UK officials, is the latest in a series o...
MPA Announces Global Centre for Maritime Decarbonisation in Singapore

MPA Announces Global Centre for Maritime Decarbonisation in Singapore

By The Maritime Executive
July 30, 2021
[By: MPA] The Maritime and Port Authority of Singapore (MPA) today announced the formation of the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and its leadership team with effect...
WTO Inches Towards a Deal to End Harmful Fishing Subsidies

WTO Inches Towards a Deal to End Harmful Fishing Subsidies

By Dialogue Earth
July 30, 2021
[By Fermin Koop] After more than 20 years of negotiations, the World Trade Organization (WTO) has moved a step closer to an agreement on ending harmful fishing subsidies. The deal would set new rul...

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