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Tanker Targeted by Houthis Returns to Suez as Canal Seeks More Traffic

Tanker Targeted by Houthis Returns to Suez as Canal Seeks More Traffic

By The Maritime Executive
February 4, 2025
The Suez Canal Authority is increasing its efforts to rebuild traffic through the canal highlighting the return to stability in the region. Yesterday, February 3, a tanker targeted by the Houthis ei...
Tech Enhancements Bring Smoother Sailing to International Commerce

Tech Enhancements Bring Smoother Sailing to International Commerce

By Jeffrey Beisler-Snell, PhD
February 4, 2025
  The difficulties facing global trade and the global supply chains have been widely documented over the past few years. The outlook for global trade remains murky in 2025 with the threat of tariff...
Noble Sells Off Two Relatively Young Drillships for Possible Scrapping

Noble Sells Off Two Relatively Young Drillships for Possible Scrapping

By The Maritime Executive
February 3, 2025
  Noble Drilling has decided to decommission two relatively young, cold-stacked drillships, remnants of the idle fleet that accumulated in the Canary Islands during the offshore downturn of the mid...
South Asian Scrapyards Maintained Market Lead in 2024, Despite Injuries

South Asian Scrapyards Maintained Market Lead in 2024, Despite Injuries

By The Maritime Executive
February 3, 2025
  South Asia's shipbreaking sector may have seen a lull in activity last year, but it maintained its leading position in the global vessel recycling industry - and its reputation for risk. Accordin...
Trump Delays Tariff Hikes For Canada and Mexico, But Not China

Trump Delays Tariff Hikes For Canada and Mexico, But Not China

By The Maritime Executive
February 3, 2025
  After receiving border-control concessions from Mexico and Canada, U.S. President Donald Trump has delayed his plan to impose 25 percent tariffs on both nations' exports by another 30 days, headi...
ReCAAP Sounds Alarm About Tripling of Robberies in Singapore Strait in 2025

ReCAAP Sounds Alarm About Tripling of Robberies in Singapore Strait in 2025

By The Maritime Executive
February 3, 2025
  The monitoring and coordination operation for piracy and criminal activity against shipping in Asia, ReCAAP ISC, issued a new alert on February 3 highlighting that the number of robberies has nea...
Government Inquiry Finds Evidence of Crime in Failed Greek SAR Response

Government Inquiry Finds Evidence of Crime in Failed Greek SAR Response

By The Maritime Executive
February 3, 2025
  Greece's government ombudsman has completed an inquiry into a disastrous migrant shipwreck off Pylos in 2023, and has recommended a disciplinary investigation for eight senior officers of the Hel...
Project to Develop High-Power Methanol Fuel Cells Targeting Cruise Ships

Project to Develop High-Power Methanol Fuel Cells Targeting Cruise Ships

By The Maritime Executive
February 3, 2025
A new project uniting leaders in German industry and funded by the German government looks to develop a new generation of fuel cells using methanol to provide power for cruise ships. In the zero4cru...
Hanwha and Baker Hughes Partner for New Carbon-Free Ammonia Gas Turbines

Hanwha and Baker Hughes Partner for New Carbon-Free Ammonia Gas Turbines

By The Maritime Executive
February 3, 2025
  Hanwha Group through its shipbuilding and power systems divisions is partnering with energy technology company Baker Hughes to develop a new generation of small-size ammonia gas turbine engines....
Northern European RoRo Operator Wallenius SOL Expands Acquiring Mann Lines

Northern European RoRo Operator Wallenius SOL Expands Acquiring Mann Lines

By The Maritime Executive
February 3, 2025
Regional RoRo operator Wallenius SOL is further consolidating the market reporting it has acquired the UK-based Mann Lines. The companies highlighted the complementary nature of their operations sayin...

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