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GE Vernova to Pay Nantucket $10.5M for Offshore Wind Turbine Blade Failure

GE Vernova to Pay Nantucket $10.5M for Offshore Wind Turbine Blade Failure

By The Maritime Executive
July 11, 2025
Nantucket’s city government has reached a $10.5 million definitive settlement agreement with GE Vernova, the manufacturer of the offshore wind turbine blade that failed in 2024 and littered the coas...
MSC Refutes India’s Compensation Claim and Declines to Post Bond

MSC Refutes India’s Compensation Claim and Declines to Post Bond

By The Maritime Executive
July 11, 2025
The Kerala High Court in India held its first hearing related to India’s nearly $1.1 billion compensation claim related to the sinking of the MSC Elsa 3 off the coast of India in late May. MSC’s law...
Ukraine Completes Sale of Russian Tanker Seized in 2019

Ukraine Completes Sale of Russian Tanker Seized in 2019

By The Maritime Executive
July 11, 2025
  Ukraine’s National Agency for Tracing and Asset Management (ARMA) reported the completion of the sale of a controversial Russian tanker that was alleged to have been involved in a 2018 incident i...
DOT Expands Marine Highway Program, Adding 850 Miles of Waterways

DOT Expands Marine Highway Program, Adding 850 Miles of Waterways

By The Maritime Executive
July 10, 2025
  The U.S. Maritime Administration has added nearly 850 miles of inland waterways to the Marine Highway Program, expanding federal grant eligibility for shipping development projects to new routes....
One Big Beautiful Bill Hands U.S. Coast Guard Billions for Shipbuilding

One Big Beautiful Bill Hands U.S. Coast Guard Billions for Shipbuilding

By The Maritime Executive
July 10, 2025
  The One Big Beautiful Bill Act put down serious money towards fixing the U.S. Navy's long-term supply challenges, but it contains even more funding for another pressing maritime challenge: recapi...
Royal Caribbean Takes Delivery of Next Giant as MSC Confirms Orders

Royal Caribbean Takes Delivery of Next Giant as MSC Confirms Orders

By The Maritime Executive
July 10, 2025
The mass market segment of the cruise industry continues to push forward with its efforts to build a new generation of ultra-large cruise ships designed to compete with theme parks and land-based re...
Turkey's Shipbuilders Face Economic Headwinds in Export Market

Turkey's Shipbuilders Face Economic Headwinds in Export Market

By The Maritime Executive
July 10, 2025
  Turkey's shipbuilding sector has been a dominant force in the specialty-vessel market for years, but it appears to be losing ground, based on a string of disappointing sales numbers. Last mont...
Advanced Ocean Research Vessel to be Built by Fincantieri’s VARD

Advanced Ocean Research Vessel to be Built by Fincantieri’s VARD

By The Maritime Executive
July 10, 2025
  VARD, which is already known for unique specialized vessels, reports it has received the contract for what is being billed as one of the most advanced research vessels ever built. The custom-buil...
U.S. Cracks Down on Iran's Oil Marketing Network in Hong Kong

U.S. Cracks Down on Iran's Oil Marketing Network in Hong Kong

By The Maritime Executive
July 10, 2025
  After cracking down on the "shadow fleet" of gray-market tankers that serve Iran's oil exporters, the U.S. Treasury is now taking aim at the financiers that help Iranian oil traders move money. I...
Netherlands Provides Support to Damen Naval as German Frigates are Delayed

Netherlands Provides Support to Damen Naval as German Frigates are Delayed

By The Maritime Executive
July 10, 2025
  Reports in the Dutch media and by Bloomberg indicate that the Netherlands government has decided to provide support to help Damen Naval as it works to address challenges in its building program f...

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