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Shell Writes Down its Holdings off Namibia By $400 Million

Shell Writes Down its Holdings off Namibia By $400 Million

By The Maritime Executive
January 13, 2025
After three years and nine exploration wells, Shell has decided to write down the value of its lease area in Namibia's Orange Basin by $400 million.  Shell has discovered oil in more than one of it...
U.S. Sanctions Module Builder Wison Offshore for Working on Arctic LNG 2

U.S. Sanctions Module Builder Wison Offshore for Working on Arctic LNG 2

By The Maritime Executive
January 13, 2025
  Among other measures targeting Russia's energy sector, the Biden administration has sanctioned Zhoushan Wison Offshore for its role in supplying Novatek's Arctic LNG 2 plant with power modules -...
Next U.S. Aircraft Carriers to be Named for Presidents Clinton and Bush

Next U.S. Aircraft Carriers to be Named for Presidents Clinton and Bush

By The Maritime Executive
January 13, 2025
  The U.S. Navy today announced the names for the fifth and sixth carriers of the Fold class. While the ships are a decade away, Secretary of the Navy Carlos Del Toro announced the names of two fut...
Retailers Continue to Front-Load Imports into U.S. Ports

Retailers Continue to Front-Load Imports into U.S. Ports

By The Maritime Executive
January 13, 2025
Retailers are continuing to front-load their imports which is driving up the volumes seen at major U.S. ports. The National Retail Federation in its monthly read on container volumes expects the rus...
Syria's New Rulers May Block Russia From Evacuating Naval Base

Syria's New Rulers May Block Russia From Evacuating Naval Base

By The Maritime Executive
January 13, 2025
  Ukraine's military intelligence agency claims that Russia is encountering difficulties in gaining access to its longtime naval base in Tartus, where it appears to have staged large quantities of...
Iridium Adds GMDSS to the Capabilities of its Certus Terminals

Iridium Adds GMDSS to the Capabilities of its Certus Terminals

By The Maritime Executive
January 13, 2025
  [By Iridium Communications] Iridium Communications Inc. (Nasdaq: IRDM) today announced the service launch of Iridium Certus® GMDSS, a generational advancement in maritime satellite communicati...
China Wins Release of Fishing Boat Held off Somalia

China Wins Release of Fishing Boat Held off Somalia

By The Maritime Executive
January 13, 2025
  The Chinese Embassy in Somalia announced that the fishing vessel seized by pirates in November has been released. They said the crew was unharmed and the vessel was moving into “safe waters.” ...
Finland Bans Travel for Ninth Crewmember From Suspected Sabotage Vessel

Finland Bans Travel for Ninth Crewmember From Suspected Sabotage Vessel

By The Maritime Executive
January 13, 2025
  Finnish police have issued a travel ban to a ninth member of the crew of the tanker Eagle S, which is suspected of cutting multiple subsea power and communications cables in the Gulf of Finland o...
Report: US to Declare China’s Use of Unfair Trade Practices in Shipbuilding

Report: US to Declare China’s Use of Unfair Trade Practices in Shipbuilding

By The Maritime Executive
January 13, 2025
  The U.S. Trade Representative’s office had reportedly concluded China is using unfair policies and practices to dominate the shipbuilding industry as well as the global maritime and logistics sec...
Warren Controls Highlights Type 436 Naval and Marine Pressure Regulators

Warren Controls Highlights Type 436 Naval and Marine Pressure Regulators

By The Maritime Executive
January 13, 2025
[By: Warren Controls] Warren Controls, a leading manufacturer of control valves and specialty fluid handling products, highlights the Type 436 Naval and Marine Pressure Regulators, designed for shi...

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