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Chinese Shipbuilders Feel "Big Relief" After US Softens Port Fee Plan

Chinese Shipbuilders Feel "Big Relief" After US Softens Port Fee Plan

By The Maritime Executive
April 22, 2025
  The revised, less stringent terms of the U.S. Trade Representative's fee plan for Chinese-built ships are an encouragement for China's shipbuilders, multiple shipping sources have told SCMP this...
Russia Now Has a "Combat Icebreaker"

Russia Now Has a "Combat Icebreaker"

By The Maritime Executive
April 22, 2025
  As the U.S. looks for new ways to expand its small icebreaker fleet on a short timetable, Russia has begun testing its first "combat icebreaker," a rare gray hull vessel purpose-built for Arctic...
IMF: Trump's Tariffs Could Slow Global Trade Growth by Half in 2025

IMF: Trump's Tariffs Could Slow Global Trade Growth by Half in 2025

By The Maritime Executive
April 22, 2025
  Global trade volume and global economic growth will both be reduced if new U.S. tariff policies continue on their current course, according to the International Monetary Fund's latest World Econo...
NTSB: Not Following Maintenance Recommendations Led to Cruise Ship Fire

NTSB: Not Following Maintenance Recommendations Led to Cruise Ship Fire

By The Maritime Executive
April 22, 2025
An explosion and fire aboard the coastal cruise ship Ocean Navigator in October 2023 was likely caused by not following maintenance recommendations and infrequent changes of lube oil and oil filters c...
CMB.TECH and Golden Ocean to Merge Forming Shipping Giant

CMB.TECH and Golden Ocean to Merge Forming Shipping Giant

By The Maritime Executive
April 22, 2025
The Saverys family is pushing forward with its strategy to grow a shipping giant that will play a leadership role in the sustainable transition in the maritime sector. Just seven weeks after announc...
Japan Engine Starts Co-Firing Ammonia Engine Ahead of October Delivery

Japan Engine Starts Co-Firing Ammonia Engine Ahead of October Delivery

By The Maritime Executive
April 22, 2025
  Japan Engine Corporation reports key progress in the race among the major engine manufacturers to complete the certification and delivery of the first ammonia-fueled commercial shipping engine. T...
Argentine Responders Rescue Crew of Sinking Tug on Rio de la Plata

Argentine Responders Rescue Crew of Sinking Tug on Rio de la Plata

By The Maritime Executive
April 22, 2025
  Last week, the Argentine Naval Prefecture rescued the crew of a tug that flooded and partially sank while pushing a container barge off the coast of Buenos Aires. On Friday, the captain of the...
Iran Seizes Two Ships and Issues Jail Sentences in Fuel Smuggling Crackdown

Iran Seizes Two Ships and Issues Jail Sentences in Fuel Smuggling Crackdown

By The Maritime Executive
April 22, 2025
Iran’s efforts at stopping fuel smuggling are continuing with local media outlets citing additional cases of vessels being seized and crews prosecuted. An Iranian court is reported to have handed do...
MSC Boxship Gets Emergency Tow to Las Palmas

MSC Boxship Gets Emergency Tow to Las Palmas

By The Maritime Executive
April 22, 2025
  Over the weekend,  Spanish first responders rescued a disabled MSC boxship that was adrift just off Gran Canaria, according to the Salvamento Maritimo rescue service. On Saturday, the 1,000 TE...
Hanwha Markets Building LNG Carriers in Pennsylvania to Meet USTR Rules

Hanwha Markets Building LNG Carriers in Pennsylvania to Meet USTR Rules

By The Maritime Executive
April 22, 2025
  South Korea’s Hanwha Ocean is reported to be looking to leverage its long expertise in LNG carriers and its unique position through the ownership of a shipyard in Pennsylvania in response to the...

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