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Norway’s Maritime Hydrogen Fuel Cell Pioneer Teco 2030 Faces Bankruptcy

Norway’s Maritime Hydrogen Fuel Cell Pioneer Teco 2030 Faces Bankruptcy

By The Maritime Executive
November 15, 2024
  In a still-evolving financial situation, hydrogen fuel cell pioneer Teco 2030 Is facing a financial collapse after a bankruptcy petition was filed yesterday against the parent company. Earlier it...
Greece Arrests Master for “Drunkenness on Duty” and Causing Shipwreck

Greece Arrests Master for “Drunkenness on Duty” and Causing Shipwreck

By The Maritime Executive
November 15, 2024
  What would otherwise have been a minor ship casualty is now drawing attention after the Hellenic Coast Guard reported today that it has arrested the master of the vessel involved in the incident....
Fragile Agreement Holds as China “Monitors” Philippine Resupply Effort

Fragile Agreement Holds as China “Monitors” Philippine Resupply Effort

By The Maritime Executive
November 15, 2024
The agreement between China and the Philippines for the resupply missions to the Philippines base aboard the vessel BRP Sierra Madre continued with the third unchallenged delivery to the base. Both...
BIMCO Helps Launch a Ship Recyclers' Association to Promote the HKC

BIMCO Helps Launch a Ship Recyclers' Association to Promote the HKC

By The Maritime Executive
November 14, 2024
  Shipping industry association BIMCO has launched a new association of ship recycling yards and brokers, chaired by leading cash buyer GMS. The newly-formed Ship Recycling Alliance is intended to...
China Responds Angrily to Philippines' Plan to Buy U.S. Missile System

China Responds Angrily to Philippines' Plan to Buy U.S. Missile System

By The Maritime Executive
November 14, 2024
  China has responded angrily to news that the Philippine government might purchase an American-made missile system that could be used for coastal defense or medium-range strike. The Philippine mil...
ZPMC Beats its Own Record With World's Largest Pile-Driving Vessel

ZPMC Beats its Own Record With World's Largest Pile-Driving Vessel

By The Maritime Executive
November 14, 2024
  Chinese state-owned conglomerate ZPMC is known best for its STS gantry cranes, which can be found in ports around the world, but its shipyard division - Shanghai Zhenhua Heavy Industries Qidong M...
Cargo Handling Specialist MacGregor Sold to Private Equity Firm

Cargo Handling Specialist MacGregor Sold to Private Equity Firm

By The Maritime Executive
November 14, 2024
  A well-known leader in maritime cargo and load handling, MacGregor is being sold to funds managed by Triton, a European mid-market sector-specialist investor. It is the final step in breaking apa...
Malaysia’s MISC and Armada Explore Merger to Form Floating Production Giant

Malaysia’s MISC and Armada Explore Merger to Form Floating Production Giant

By The Maritime Executive
November 14, 2024
Two of Malaysia’s leading offshore energy and shipping companies announced today, November 14, in a stock exchange that they are commencing merger talks. MISC Berhad and Bumi Armada Berhad signed a...
Maritime Executive

Convicted Nigerian Pirate Charged Again for Second Hijacking

By The Maritime Executive
November 14, 2024
  A Nigerian pirate who was convicted and sentenced for hijacking a Dutch freighter has been charged again in connection with a previous piracy incident in 2017.  The case has been in motion for...
Maritime Executive

US Sanctions Syrian Company and 13 Tankers Involved with Iranian Oil Trade

By The Maritime Executive
November 14, 2024
  The Biden administration is continuing to use sanctions to pressure Iran and target the sources of funding for both Iran and the Houthis. Today the Treasury’s Office of Foreign Assets Control (OF...

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