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ITIC: Email Invoice Scams Cause Big Losses for Shipping Companies

ITIC: Email Invoice Scams Cause Big Losses for Shipping Companies

By The Maritime Executive
January 12, 2021
Cyber-crime connected with fraudulent demands for payment continues to plague the maritime sector, according to the shipping insurer International Transport Intermediaries Club (ITIC). Cases of email-...
Wärtsilä Fleet Operations Solution to Optimise UltraShip’s Fleet

Wärtsilä Fleet Operations Solution to Optimise UltraShip’s Fleet

By The Maritime Executive
January 12, 2021
Wärtsilä Fleet Operations Solution (FOS) by Wärtsilä Voyage is to be employed by Denmark-based UltraShip for its entire fleet of 18 LPG tanker vessels. The solution saves costs while increasing safety...
Anti-Fraud Office Investigates EU's Border and Coast Guard Agency

Anti-Fraud Office Investigates EU's Border and Coast Guard Agency

By The Maritime Executive
January 12, 2021
The European Anti-Fraud Office (OLAF) is investigating the EU's newly-strengthened border agency, Frontex, in connection with alleged migrant pushbacks at Europe's borders.  "OLAF can confirm that...
Veth Propulsion Selected as Bow Thruster Supplier for Concordia Damen

Veth Propulsion Selected as Bow Thruster Supplier for Concordia Damen

By The Maritime Executive
January 12, 2021
Concordia Damen has selected Veth Propulsion by Twin Disc as the bow thruster supplier for a large-scale project – a series of 40 Parsifal LNG tankers. On Friday, December 18, 2020, both parties signe...
Russian CO Under Investigation for Stealing His Own Ship's Propellers

Russian CO Under Investigation for Stealing His Own Ship's Propellers

By The Maritime Executive
January 12, 2021
A Russian Navy officer is under investigation for conspiring to steal two bronze propellers from his own ship, according to Russian state media.  "An officer, as part of an organized group, togethe...
Damen Subsidiaries Join Forces for Race to Replace Pride of Canterbury

Damen Subsidiaries Join Forces for Race to Replace Pride of Canterbury

By The Maritime Executive
January 12, 2021
Late last year, a team of Damen group subsidiaries completed a challenging project to replace one of the twin rudder stocks on P&O Ferries’ Pride of Canterbury. The 180-metre, 30,635 GT RoPax vessel o...
Maritime Executive

Charleston Reports Strongest December Building Momentum for 2021

By The Maritime Executive
January 12, 2021
The South Carolina Ports Authority reports that it finished 2020 with its strongest December on record, with strong volumes for containers, vehicles, and at its inland ports. The Authority is looking...
Cruise Lines Continue to Delay Resuming European and American Cruises

Cruise Lines Continue to Delay Resuming European and American Cruises

By The Maritime Executive
January 12, 2021
As the cruise industry approaches the one year mark in its suspension of service, regulations and global efforts to contain and mitigate the coronavirus continued to hinder the cruise lines’ ability t...
As Cold Snap Raises Energy Demand in N. China, Ice Clogs Bohai Bay

As Cold Snap Raises Energy Demand in N. China, Ice Clogs Bohai Bay

By The Maritime Executive
January 12, 2021
As record-setting winter cold sends power and heating demand soaring in Northern China, the same weather system is freezing up Bohai Bay, raising risk for vessels delivering much-needed coal and LNG. ...
Maritime Executive

Opportunities in Offshore Wind Attracts Norway’s Knutsen

By The Maritime Executive
January 12, 2021
The increasing focus and perceived opportunities in the offshore wind sector are attracting a growing number of maritime and shipping companies to the business.  In the latest development, Norway’s...

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