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China Downplays S. China Sea Drone Incident

December 23, 2016

China said on Thursday people should not read too much into last week's incident when a Chinese naval vessel picked up a U.S. underwater drone in the disputed South China Sea. The taking of the unm...

Steel Plant Pollution Will Take 10 Years to Fix

December 23, 2016

Vietnam's central region is expected to take a decade to completely recover from an industrial accident caused by a unit of a Taiwan conglomerate, which led to Vietnam's worst ever environmental disas...

Iran Shipping Weapons to Oman for Transfer to Yemen

December 23, 2016

Iran has stepped up weapons transfers to the Houthis, the militia fighting the Saudi-backed government in Yemen, U.S., Western and Iranian officials tell Reuters, a development that threatens to prolo...

Construction Begins on New Class of MSC Cruise Ships

By The Maritime Executive

December 23, 2016

STX France has started construction on two next-generation ships for MSC Cruises. They are the largest ships ever built for a European cruise line and the second largest globally and will be delivered...

New Wave Energy Test Center for Oregon

By The Maritime Executive

December 23, 2016

Oregon State University’s Northwest National Marine Renewable Energy Center has been awarded up to $40 million from the U.S. Department of Energy to create the world’s premier wave energy test facilit...

Asia Tanker Rates to Slide

December 23, 2016

Freight rates for VLCCs, which hit a new nine-month high this week, are on course to soften amid a weaker cargo market as owners wait for more charters to be released from the Middle East and labor un...

Shanghai, Trinidad and Tobago to Host Technology Centers

By The Maritime Executive

December 23, 2016

The IMO has announced the first two institutes selected to host regional maritime technology cooperation center under a project, funded by the E.U. and implemented by IMO, to help mitigate the harmful...

Korea Register Selects New Chairman and CEO

By The Maritime Executive

December 23, 2016

On December 22, Korean Register (KR) selected Lee Jeong-Kie as the firm's twenty-third chairman and CEO. Lee has been with KR for 29 years, and was promoted from his position as executive vice preside...

DEA Strengthens Position in Njord Area

By The Maritime Executive

December 23, 2016

DEA strengthens the company’s position in Norway by acquiring participating interest in seven licenses in the Njord area in the Norwegian Sea, including 20 percent increased interest in the Njord fiel...

Two Maersk Supply Vessels Sink En Route to Scrapyard

By The Maritime Executive

December 23, 2016

[Brief] Maersk Group’s offshore vessel division said on Thursday that two of its anchor handling tug supply (AHTS) vessels sank off of Ile de Sein as they were being towed to a scrapyard. The firm...

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