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Maritime Executive

Thyssenkrupp Cautious on Profit

German steel-to-elevators group Thyssenkrupp forecast a smaller-than-expected rise in operating profit for its current fiscal year and said on Thursday cost cuts would again be key to meeting its targ...

Maritime Executive

HMAS Sydney: Australia's Greatest Naval Tragedy

The Royal Australian Navy’s HMAS Sydney sank 75 years ago on November 19 and was the subject of intrigue for decades to follow. HMAS Sydney was one of three modified Leander-class light cruisers op...

Maritime Executive

Competing for Attention

Ports expand facilities and polish their image in an effort to attract cruise lines. By Mia Bennett Nearly every year it seems that Royal Caribbean or Norwegian Cruise Line debuts a vessel that...

Maritime Executive

NATO Ends Counter-Piracy Mission

NATO has ended its Indian Ocean counter-piracy mission after a sharp fall in attacks, the alliance said on Wednesday, as it shifts resources to deterring Russia in the Black Sea and people smugglers i...

Maritime Executive

Investment in Norwegian Offshore E&P Falls Further

Statistics Norway's latest report on planned industrial investments, released Wednesday, finds that oil majors expect to spend even less than expected on Norwegian offshore projects in 2017.  The o...

Maritime Executive

Transocean Winner's Backup Towline was Fouled

On Tuesday, the operator of the tug that lost its towline to the semisubmersible Transocean Winner testified that it was not possible to reestablish a connection because the emergency towline had wrap...

Maritime Executive

Hackers Steal Data on 130,000 Navy Sailors

Hackers gained access to sensitive information, including Social Security numbers, for 134,386 current and former U.S. sailors, the U.S. Navy said on Wednesday. It said a laptop used by a Hewlett P...

Maritime Executive

Navy Serves Thanksgiving Feast for Those Who Serve

The U.S. Navy is preparing a Thanksgiving feast for its sailors near and far. Based on last year's numbers, the Navy will serve up over 90 tons of turkey, mashed potatoes, gravy and fixings for servic...

Maritime Executive

Engineer Jailed Over Oily Water Discharge

A senior engineering officer employed by an Italian shipping company was sentenced to eight months in prison for deliberately concealing a vessel’s discharge of oily waste, the U.S. Department of Just...

Maritime Executive

Low Oil and Gas Investment Could Mean Shortfall

The International Energy Agency (IEA) has released its World Energy Outlook 2016 with a warning that the world could soon suffer a shortfall in oil and gas. As a result of major transformations in...