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Fincantieri Reports a Banner Year: Record Sales and a Return to Profit

Fincantieri Reports a Banner Year: Record Sales and a Return to Profit

By The Maritime Executive
March 24, 2025
  2024 was a year for the history books for Italian shipbuilder Fincantieri. The cruise, defense and offshore shipbuilder raked in orders worth more than $16 billion, setting a new company record....
Houthis Claim "Hours-Long" Exchange of Fire With U.S. Carrier Strike Group

Houthis Claim "Hours-Long" Exchange of Fire With U.S. Carrier Strike Group

By The Maritime Executive
March 24, 2025
  On Monday, Yemen's Houthi rebels claimed that they had engaged in an hours-long exchange of fire with U.S. Navy forces in the Red Sea, disrupting American strikes on Houthi-controlled areas of Ye...
Ocean Carriers Raise New Concerns About Steep U.S. Fees for Chinese Ships

Ocean Carriers Raise New Concerns About Steep U.S. Fees for Chinese Ships

By The Maritime Executive
March 24, 2025
  On Monday, the Office of the U.S. Trade Representative held its first hearings on a plan to charge the owners of Chinese ships an additional fee for every port call in the U.S., ranging up to $3....
Alfa Laval Secures First Ammonia Fuel Supply System Contract

Alfa Laval Secures First Ammonia Fuel Supply System Contract

By The Maritime Executive
March 24, 2025
Alfa Laval has signed its first contract for the ammonia fuel supply system, FCM Ammonia, reinforcing its position as a frontrunner in developing solutions for decarbonizing the maritime industry. The...
U.S.-Russian Talks on Black Sea Ceasefire Wrap Up in Riyadh

U.S.-Russian Talks on Black Sea Ceasefire Wrap Up in Riyadh

By The Maritime Executive
March 24, 2025
  U.S. and Russian negotiators have wrapped up their first day of talks on a Black Sea ceasefire, according to Russian media. The Saudi-hosted conversation in Riyadh lasted 12 hours, and the detail...
Crowley Appoints Jenny Fuss as Chief Financial Officer

Crowley Appoints Jenny Fuss as Chief Financial Officer

By The Maritime Executive
March 24, 2025
[By: Crowley] Crowley has named Jenny Fuss as its chief financial officer, leading all of the company's financial strategies and operations to enhance economic performance and business growth. ...
U.S. National Security Leaders Leaked Houthi War Plans to a Journalist

U.S. National Security Leaders Leaked Houthi War Plans to a Journalist

By The Maritime Executive
March 24, 2025
  Senior members of the Trump administration, including the secretary of defense, accidentally texted the Pentagon's future war plans for bombing strikes in Yemen to a journalist whom they had invi...
Maersk Will Invest Over $500M as Part of 33-Year Port NY/NJ Lease Extension

Maersk Will Invest Over $500M as Part of 33-Year Port NY/NJ Lease Extension

By The Maritime Executive
March 24, 2025
The Port Authority of New York and New Jersey and Maersk’s APM Terminals have agreed to a 33-year lease extension for the port’s second-largest container terminal. The company plans to make signific...
Competing Japanese Yards Partner for Efficiency and Improved Bulker Design

Competing Japanese Yards Partner for Efficiency and Improved Bulker Design

By The Maritime Executive
March 24, 2025
Two of Japan’s leading shipbuilders, Onomichi Dockyard and Tsuneishi Shipbuilding, have taken the unusual step of partnering to develop designs for a new dry bulk carrier. The project sought to leve...
First LR1 Tanker Fitted with Scrubber and Carbon Capture Dual System

First LR1 Tanker Fitted with Scrubber and Carbon Capture Dual System

By The Maritime Executive
March 24, 2025
  The first LR1 tanker has been fitted with a combined system from Value Maritime to capture carbon emissions while also scrubbing exhaust gas for particulate matter. The tanker, Nexus Victoria (75...

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