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Maritime Executive

Growing Supply Reshapes LPG Shipping

October 12, 2016
Liquefied petroleum gas (LPG), long a niche product used in petrochemicals, as well as for cooking and outdoor heating, is entering a new era as a wave of supply from the U.S. shale boom cuts prices,...
Maritime Executive

Preparing for the Next Unthinkable Sinking

By J. Stephen Simms
October 12, 2016
Hanjin was the world’s seventh largest container line. OW was one of the world’s largest bunker traders and providers. Both spectacularly collapsed in the largest insolvencies of their kind in history...
Maritime Executive

Coast Guard, Resolve Marine Rescue Cargo Ship

By The Maritime Executive
October 12, 2016
The U.S. Coast Guard, in partnership with the crew of Resolve Marine's AHTS rescue tug Resolve Pioneer, successfully assisted a stranded general cargo vessel in the Gulf of Alaska, just in time to avo...
Maritime Executive

Duterte Cancels U.S. Drills, Will Visit Beijing

By The Maritime Executive
October 12, 2016
In a ceremony Wednesday, Philippine president Rodrigo Duterte commissioned a new patrol boat provided by Japan. But Duterte used only a small portion of the ceremony to discuss the vessel and to thank...
Maritime Executive

South Korea to Respond to Illegal Fishing with Force

By The Maritime Executive
October 12, 2016
South Korea responded to last week's ramming attack on a coast guard patrol boat with the announcement that it would authorize greater use of force during boardings of Chinese fishing boats.  "We w...
Maritime Executive

World's Largest Livestock Carrier Gains Australian Approval

By The Maritime Executive
October 12, 2016
Australian live export company Wellard has received clearance for Australian trade for the latest addition to its fleet, the purpose-designed and built livestock carrier Ocean Shearer. The vessel h...
Maritime Executive

Investor Wants Twenty New LNG Carriers

October 12, 2016
A little-known investment company said it intends to order up to 20 LNG carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billion, two people with direct...
Maritime Executive

DCNS Mulls Stake in STX France

By The Maritime Executive
October 12, 2016
The head of the French state-controlled naval defence group DCNS said on Wednesday it was "closely studying" a possible stake purchase in STX France, a shipyard subsidiary of the struggling South Kore...
Maritime Executive

Traffickers Jailed for Twenty Years

October 12, 2016
An Italian judge sentenced three men to 20 years each in jail on Wednesday for their role in packing hundreds of migrants into a boat in which 49 suffocated in the Mediterranean last August, a legal s...
Maritime Executive

Russia Tests Ballistic Missiles in the Arctic

By The Maritime Executive
October 12, 2016
Russia test fired three ballistic missiles on Wednesday, two of which were launched from submarines: one in the Barents Sea and one in the Okhotsk Sea. The tests are part of Russia’s increased mili...

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