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Greek Parliament Hands Extra Stake in Port of Piraeus to China Cosco

Greek Parliament Hands Extra Stake in Port of Piraeus to China Cosco

By The Maritime Executive
September 30, 2021
Greece's parliament has approved a new contract that allows Chinese state-owned shipping giant Cosco to buy an additional 16 percent stake in the Piraeus Port Authority (PPA), taking its total share o...
Xeneta: Freight Rates Have Nearly Doubled with No Relief Near

Xeneta: Freight Rates Have Nearly Doubled with No Relief Near

By The Maritime Executive
September 30, 2021
Long-term ocean freight rates have nearly doubled from a year ago and are continuing their steady rise. In a new analysis of the market, Xeneta, an ocean and air freight rate benchmarking and market i...
Wave Energy Converter Doubles Power Generation in Lab Tests

Wave Energy Converter Doubles Power Generation in Lab Tests

By The Maritime Executive
September 30, 2021
Researchers in Australia and China have developed a prototype technology that they believe can double the power harvested from ocean waves. In laboratory tests they report that they have been successf...
India’s Adani Plans to Compete With China at Sri Lankan Port

India’s Adani Plans to Compete With China at Sri Lankan Port

By The Maritime Executive
September 30, 2021
In a move that is seen as an attempt to counter China’s growing influence in the Pacific and especially in Sri Lanka, India’s Adani Ports announced a long-term deal to build and operate a new terminal...
Video: Saildrone Drives Unmanned Boat Into the Middle of Hurricane Sam

Video: Saildrone Drives Unmanned Boat Into the Middle of Hurricane Sam

By The Maritime Executive
September 30, 2021
Autonomous-sailboat company Saildrone has captured what it believes to be the first video footage taken by an unmanned vessel inside of a hurricane at sea.  The U.S. Air Force Reserve's Hurricane H...
Japan to Build Its First Hybrid Gas and Battery Propulsion Ship

Japan to Build Its First Hybrid Gas and Battery Propulsion Ship

By The Maritime Executive
September 30, 2021
A consortium of Japanese companies is working together to build a new generation hybrid propulsion system, which will be installed on a limestone carrier operating in coastal Japan. The Global Environ...
Tornado Rips Through Port of Kiel

Tornado Rips Through Port of Kiel

By The Maritime Executive
September 30, 2021
[Brief] A rare tornado roared through the Baltic Sea port of Kiel, Germany on Wednesday evening, destroying trees, damaging houses and disrupting the activities of a local rowing club.  Four people...
Fleet Xpress to Digitize Navigazione Montanari's Fleet

Fleet Xpress to Digitize Navigazione Montanari's Fleet

By The Maritime Executive
September 30, 2021
[By: Inmarsat] Inmarsat, the world leader in global, mobile satellite communications, is enabling an acceleration in the digitalisation plans of long-term client Navigazione Montanari, after agreem...
Korea Looks at Options to Speed KSOE-DSME Merger

Korea Looks at Options to Speed KSOE-DSME Merger

By The Maritime Executive
September 30, 2021
For the fifth time since announcing the plans to merge two of South Korea’s leading shipbuilders, Korean officials confirmed today that they have yet again agreed to delay the scheduled closing of the...
Singapore Jails Nine for Bunker Fraud Costing Over S$300K 

Singapore Jails Nine for Bunker Fraud Costing Over S$300K 

By The Maritime Executive
September 30, 2021
A court in Singapore has convicted and sentenced to jail nine individuals involved in a bunker fraud scheme. According to the authorities, the charges stemmed from a scheme discovered in 2019 that che...

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