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NYK to Buy Carbon Credits From Direct Air Capture Plant

NYK to Buy Carbon Credits From Direct Air Capture Plant

By The Maritime Executive
December 18, 2024
  Japanese shipowner NYK has reached a deal with Eneos to buy conventional bunker fuel with attached carbon credits, or offsets. This will reduce NYK's net emissions in years to come.  Under the...
Somali Pirates Up Demand to $10 Million for Release of Chinese Fishing Boat

Somali Pirates Up Demand to $10 Million for Release of Chinese Fishing Boat

By The Maritime Executive
December 18, 2024
  Negotiations are reportedly underway between a local representative for a Chinese fishing vessel and tribal elders representing the pirates that seized a Chinese-owned fishing boat off the coast...
Navantia Set to Bail Out Harland & Wolff in Deal with UK Government

Navantia Set to Bail Out Harland & Wolff in Deal with UK Government

By The Maritime Executive
December 18, 2024
  The famed UK shipbuilder Harland & Wolff is set to be saved for a second time from bankruptcy as reports indicate Spain’s Navantia and the UK Government have reached terms on a bailout for the sh...
U.S. Navy Awards its Highest Civilian Honor to Tom Cruise

U.S. Navy Awards its Highest Civilian Honor to Tom Cruise

By The Maritime Executive
December 17, 2024
  The U.S. Navy has awarded its highest civilian honor to actor Tom Cruise, whose reboot of the "Top Gun" franchise has given the service a much-needed publicity boost. In a ceremony on Tuesday,...
Kite Stacks for Vessel Propulsion

Kite Stacks for Vessel Propulsion

By Harry Valentine
December 17, 2024
  Kite builders have for decades installed multiple kites on a single control line, forming an airborne train of kites that are usually flown in light wind conditions. Hobbyists have adapted frame-...
GAO: U.S. Navy Wasted $2B on Failed Cruiser Modernization Effort

GAO: U.S. Navy Wasted $2B on Failed Cruiser Modernization Effort

By The Maritime Executive
December 17, 2024
  The U.S. Navy ended up wasting nearly $2 billion on four aging cruisers because of poor planning, lax oversight and an unwillingness to hold private-sector contractors accountable for mistakes, a...
U.S. Blacklists Four Russian Companies for Shipping Oil to N. Korea

U.S. Blacklists Four Russian Companies for Shipping Oil to N. Korea

By The Maritime Executive
December 17, 2024
  On Monday, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against four Russian companies for shipping fuel into North Korea, violating U.S. prohibitions on trading w...
Taiwan Works to Catch Up With the Drone Boat and UAV Revolution

Taiwan Works to Catch Up With the Drone Boat and UAV Revolution

By The Lowy Interpreter
December 17, 2024
  The drone message from the war in Ukraine has not been lost on Taiwan. Uncrewed aircraft and vessels, especially small, cheap ones, can be built and used in far greater numbers than even a much m...
Q&A: Christoph Rofka, President of Medium & Low-Speed at Accelleron

Q&A: Christoph Rofka, President of Medium & Low-Speed at Accelleron

By The Maritime Executive
December 17, 2024
  Maritime's energy transition will depend in large part on a time-tested technology - the internal combustion engine. Originally designed to run on fuel oil, two-stroke and four-stroke marine dies...
Navigating Methane Slip: A Key Step Towards Maritime Decarbonization

Navigating Methane Slip: A Key Step Towards Maritime Decarbonization

December 17, 2024
  As the shipping industry embraces liquefied natural gas (LNG) as a transitional fuel on the road to the 2050 net-zero emissions target set by the International Maritime Organisation (IMO), unders...

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