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Startup Raises $43M for Austal to Build Gigantic Sailing Cargo Trimaran

Startup Raises $43M for Austal to Build Gigantic Sailing Cargo Trimaran

By The Maritime Executive
October 25, 2024
  VELA, a French startup launched in November 2022, reports it has completed a significant funding round of €40 million ($43 million) which will be used for Austal to build the world’s largest sail...
World's Strangest Research Vessel Saved from Scrappers to “Flip” Again

World's Strangest Research Vessel Saved from Scrappers to “Flip” Again

By The Maritime Executive
October 25, 2024
  The iconic Floating Instrument Platform, known as “FLIP” because of its unique capacity to operate in either a vertical or horizontal configuration, has been saved from scrapping and is now in Fr...
Hanwha Ocean Courts U.S. Navy for Work in Korea and Philadelphia

Hanwha Ocean Courts U.S. Navy for Work in Korea and Philadelphia

By The Maritime Executive
October 25, 2024
South Korean shipbuilder Hanwha Ocean is continuing its efforts to build its relationship with the U.S. Navy as it looks to grow the acquired Daewoo Shipbuilding and Marine Engineering (DSME) operat...
Contract Negotiations to Resume for U.S. East Coast Dockworkers

Contract Negotiations to Resume for U.S. East Coast Dockworkers

By The Maritime Executive
October 25, 2024
  The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) will resume their contract negotiations in November to resolve a new master contract for container an...
Maritime Executive

Two “Shunned” Cargo Ships Find Resolution to Disputes

By The Maritime Executive
October 25, 2024
Two cargo ships have been making international headlines as they were shunned by ports and were being treated as “pariahs” endangering public welfare. Both ships, the Malta-registered general cargo...
Dockworkers to Strike in Montreal as Uncertainty Also Hangs Over Vancouver

Dockworkers to Strike in Montreal as Uncertainty Also Hangs Over Vancouver

By The Maritime Executive
October 25, 2024
  Canada’s ports continue to struggle with labor disputes impacting both coasts and the potential to create disruptions and delays. Both disputes have been prolonged mirroring similar disputes that...
The Maritime Executive's Global Salvage Edition is Out Now, Read Online

The Maritime Executive's Global Salvage Edition is Out Now, Read Online

By Tony Munoz
October 25, 2024
  Salvors live a dangerous life. While they're a unique breed, their deployment means danger made worse by twisted steel, pollution, and an unstable marine environment. A famous salvor once told me...
China Gains Foothold in Thailand as Cosco Invests in Container Terminals

China Gains Foothold in Thailand as Cosco Invests in Container Terminals

By The Maritime Executive
October 25, 2024
  Cosco Shipping Ports, the terminal and port operating arm of the Chinese-government-owned shipping company, reports it is acquiring stakes in two of the terminal operations in Thailand’s leading...
Hapag and Maersk Raise Outlook for 2024 as Volatile Market Fuels Profits

Hapag and Maersk Raise Outlook for 2024 as Volatile Market Fuels Profits

By The Maritime Executive
October 25, 2024
  Despite increases in operating costs due to the Red Sea diversions, disruptions due to port strikes in the U.S., Canada, and Europe, and volatile rates, container carriers are continuing to repor...
U.S. Coast Guard Delivers $115M in Cocaine to St. Petersburg

U.S. Coast Guard Delivers $115M in Cocaine to St. Petersburg

By The Maritime Executive
October 24, 2024
  On Wednesday, the crew of the 58-year-old cutter Resolute offloaded nearly 4.4 tonnes of cocaine in St. Petersburg, Florida. Along with the drugs, the crew brought five suspects to face justice i...

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