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Wind Propulsion is Key for Shipping as Report Shows $400B Scrapping Crisis

Wind Propulsion is Key for Shipping as Report Shows $400B Scrapping Crisis

By The Maritime Executive
February 3, 2025
[By: BAR Technologies] A new report from the UCL Energy Institute has highlighted the looming risk of maritime asset stranding, stating that a rapid energy transition could “lead to ‘premature scra...
All Eyes Are on Russia's Mediterranean Flotilla as it Leaves Syria Behind

All Eyes Are on Russia's Mediterranean Flotilla as it Leaves Syria Behind

By The Maritime Executive
February 2, 2025
  Russia’s plans for maintaining a naval presence in the Mediterranean, now that it has lost its only permanent base at Tartus, are likely to become clear once coastal watchers covering the Straits...
Trafigura Found Guilty in Angolan Chartering Bribery Scheme

Trafigura Found Guilty in Angolan Chartering Bribery Scheme

By The Maritime Executive
February 2, 2025
  In a precedent-setting corporate corruption case in Switzerland, commodity trading house Trafigura has been convicted on charges related to a $5 million bribery scheme in its operations in Angola...
Maritime Executive

State Department Calls for "Immediate Changes" at Panama Canal

By The Maritime Executive
February 2, 2025
  The Trump administration continues to press its calls for more favorable treatment of American interests at the Panama Canal, a new area of focus for U.S. foreign policy.  In a readout after S...
Brazilian Navy Confirms Wreck of Lost WWII Troop Transport

Brazilian Navy Confirms Wreck of Lost WWII Troop Transport

By The Maritime Executive
February 2, 2025
  Archeologists in Brazil have finally resolved the mystery of a World War II military ship that was torpedoed and sunk by a Nazi submarine, killing 100 of her 270 crew members. The Brazilian Navy...
The Art of the Transit Deal: Canada Holds Trump Card on Great Lakes Trade

The Art of the Transit Deal: Canada Holds Trump Card on Great Lakes Trade

By Harry Valentine
February 2, 2025
  US President Donald Trump has imposed a 25% tariff on Canadian Goods entering the USA. Canada holds a trump card in that the economy of several American states benefit from trade carried aboard s...
Russian Drone Aircraft Destroys Ukrainian Drone Boat

Russian Drone Aircraft Destroys Ukrainian Drone Boat

By The Maritime Executive
February 2, 2025
  Drone-on-drone warfare is a major component of the Russia-Ukraine war, and social media posts from both sides of the conflict are filled with videos of airborne drones destroying the other side's...
Maritime Executive

What Effects Will Trump's New Tariffs Have on Trade?

By The Conversation
February 2, 2025
  It’s official. On February 1, US President Donald Trump introduced a sweeping set of new 25% tariffs on imports from Canada and Mexico. China will also face new tariffs of 10%. During the pres...
India Plans to Spend $3 Billion to Support its Maritime Sector

India Plans to Spend $3 Billion to Support its Maritime Sector

By The Maritime Executive
February 2, 2025
  India has firmed up its ambition to become a global maritime powerhouse, with the government allocating around $6 billion to the shipping sector in the 2025-26 fiscal year. On Saturday, India’s F...
Asyad Shipping Expands With Addition of 30 New Vessels

Asyad Shipping Expands With Addition of 30 New Vessels

By The Maritime Executive
February 2, 2025
  The Asyad Group, Oman’s state-owned integrated logistics group, is planning to acquire an additional 30 vessels to add to the mixed fleet operated by its subsidiary Asyad Shipping. Asyad Shipp...

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