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Russian Military Sealift Ship Sinks After Engine Room Explosion

Russian Military Sealift Ship Sinks After Engine Room Explosion

By The Maritime Executive
December 23, 2024
  On Monday, a sanctioned Russian cargo ship sustained an engine room explosion off Spain and sank, leaving two crewmembers missing.  At about 1230 hours local time, the Ursa Major was under way...
Trump Orders Panama to Lower Transit Rates or "Return" Canal to the U.S.

Trump Orders Panama to Lower Transit Rates or "Return" Canal to the U.S.

By The Maritime Executive
December 23, 2024
  The government of Panama has pushed back against President Donald Trump's new demand to lower charges for U.S. vessels or "return" the Panama Canal to American custody. Over the weekend, Trump...
Santa Cruz's Historic Pier Collapses in Severe Pacific Storm

Santa Cruz's Historic Pier Collapses in Severe Pacific Storm

By The Maritime Executive
December 23, 2024
  A historic wharf on Santa Cruz's waterfront has collapsed in heavy surf, sending three inspectors into the water and scattering debris along the waterfront.  Over the weekend, forecasters pred...
EU Approves "Exceptional" $4B Subsidy for German LNG Import Terminals

EU Approves "Exceptional" $4B Subsidy for German LNG Import Terminals

By The Maritime Executive
December 23, 2024
  The EU Commission has approved a request from the German government to spend $4.2 billion on state subsidies for four floating terminals that import LNG, supporting Northern Europe's urgent trans...
Jackup Rig Collapses off Trinidad, Leaving One Worker Missing

Jackup Rig Collapses off Trinidad, Leaving One Worker Missing

By The Maritime Executive
December 23, 2024
  On Sunday, a jackup rig partially collapsed off the coast of Trinidad, injuring one worker and leaving one missing.  At about 0300 hours on Sunday morning, the Rig 110 was conducting drilling...
Container Feeder Hits Product Tanker and Sinks Off Kupang

Container Feeder Hits Product Tanker and Sinks Off Kupang

By The Maritime Executive
December 23, 2024
  On Sunday morning, a small container feeder hit a product tanker at an anchorage off Kupang, Timor, then sank due to the resulting hull damage. At about 0230 hours on Sunday, the KSOP guard st...
Norway’s Belships Agrees to Buyout by US-Based Investment Manager EnTrust

Norway’s Belships Agrees to Buyout by US-Based Investment Manager EnTrust

By The Maritime Executive
December 23, 2024
  Norway’s Belships, a large operator of dry bulk and majority holder of Norwegian Bulk Carriers, agreed last week to the terms for a buyout offer from U.S.-based investment manager EnTrust Global....
Edison Chouest Completes Sale of Icebreaker Aiviq to the U.S. Coast Guard

Edison Chouest Completes Sale of Icebreaker Aiviq to the U.S. Coast Guard

By The Maritime Executive
December 23, 2024
  Edison Chouest has finalized the long-discussed sale of the icebreaker Aiviq to the U.S. Coast Guard, completing a transaction that began eight years ago.  Despite its early opposition to buyi...
Shanghai Exceeds 50 Million TEU for the First Time

Shanghai Exceeds 50 Million TEU for the First Time

By The Maritime Executive
December 23, 2024
  Chinese officials reported that the Shanghai Port complex reached 50 million TEU for the first time on December 22. They said the port would exceed the 50 million TEU mark as it continues its pos...
FSG Shipyards Get Temporary Financing from German State to Continue Work

FSG Shipyards Get Temporary Financing from German State to Continue Work

By The Maritime Executive
December 23, 2024
The bankrupt German shipbuilding group FSG-Nobiskrug Holding received temporary financing to keep the operations open while efforts continue to seek permanent investors. The group had been forced in...

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