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FMC Gets Serious on Carrier Competition, Bringing in Dept. of Justice

FMC Gets Serious on Carrier Competition, Bringing in Dept. of Justice

By The Maritime Executive
July 12, 2021
To emphasize its growing interest in ocean carriers' pricing policies, the U.S. Federal Maritime Commission is highlighting its partnership with the U.S. Department of Justice's Antitrust Division, wh...
Newbuilding Orders Reach 13-Year High for South Korea

Newbuilding Orders Reach 13-Year High for South Korea

By The Maritime Executive
July 12, 2021
The volumes of new ship orders received by South Korea’s shipbuilders hit a 13-year high during the first half of 2021. The South Korean Ministry of Trade, Industry and Energy released the shipbuildin...
Suez Canal Reports Record Revenues and Increases in Transits 

Suez Canal Reports Record Revenues and Increases in Transits 

By The Maritime Executive
July 12, 2021
Despite the high-profile incident that disrupted transits for six days in March, the Suez Canal Authority reported strong results over the past fiscal, year reflecting the surge in global trade. It re...
U.S. Recommits to Philippine Mutual Defense Treaty in S. China Sea

U.S. Recommits to Philippine Mutual Defense Treaty in S. China Sea

By The Maritime Executive
July 12, 2021
On Monday, to mark the fifth anniversary of the Permanent Court of Arbitration's ruling on sovereignty in the South China Sea, U.S. Secretary of State Anthony Blinken put out a statement of support fo...
IMB: Piracy and Armed Robbery at 27 Year Low in 2021

IMB: Piracy and Armed Robbery at 27 Year Low in 2021

By The Maritime Executive
July 12, 2021
The ICC International Maritime Bureau (IMB) reported that the incidents of piracy and armed robbery are at their lowest levels in 27 years. The organization, which was founded in 1991, said that durin...
Shell Joins Effort to Develop Hydrogen Hub in Norway

Shell Joins Effort to Develop Hydrogen Hub in Norway

By The Maritime Executive
July 12, 2021
Energy industry giant Shell is joining a Norwegian effort to explore the development of a hydrogen hub on the west coast of Norway that could become a key early supplier of alternative fuels for the s...
Inchcape Shipping Services and John Keells Holdings Form Joint Venture

Inchcape Shipping Services and John Keells Holdings Form Joint Venture

By The Maritime Executive
July 12, 2021
Inchcape Shipping Services registered in England and John Keells Holdings PLC registered in Sri Lanka have signed a joint venture agreement recently which has resulted in the formation of “Inchcape Ma...
Edda Wind Orders Two More Offshore Wind Service Vessels From MacGregor

Edda Wind Orders Two More Offshore Wind Service Vessels From MacGregor

By The Maritime Executive
July 12, 2021
[By: MacGregor] Following the receipt of equipment orders for four offshore wind service vessels announced in May 2020, MacGregor, part of Cargotec, has received an additional order for another two...
Element 400 New Cutting Machine From Messer Cutting Systems

Element 400 New Cutting Machine From Messer Cutting Systems

By The Maritime Executive
July 12, 2021
[By: Messer] Messer Cutting Systems, a leading global manufacturer of oxyfuel, plasma, and fiberlaser thermal cutting machines, will be located in Booth A4968 at this year‘s Fabtech Expo located at...
Damen & Conrad to Build US Multi Cats for Great Lakes Dredge & Dock

Damen & Conrad to Build US Multi Cats for Great Lakes Dredge & Dock

By The Maritime Executive
July 12, 2021
[By: Damen] Damen Shipyards Group has concluded a licence agreement with US-based Conrad Industries. The agreement will see the Conrad Shipyard LLC construct two Damen Multi Cats 3013 for Great Lak...

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