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Report: Houthis On Track to Earn $2B a Year by Shaking Down Shipowners

Report: Houthis On Track to Earn $2B a Year by Shaking Down Shipowners

By The Maritime Executive
November 4, 2024
  An as-yet-unreleased UN report suggests that Yemen's Houthi rebels have figured out a way to monetize their blockade of the Red Sea: insiders report that the group is operating a multi-billion-do...
HD Hyundai Begins Autonomous Demonstration with Larger Containership

HD Hyundai Begins Autonomous Demonstration with Larger Containership

By The Maritime Executive
November 4, 2024
  South Korean shipbuilder HD Hyundai Heavy Industries today started a demonstration of autonomous operations of a large containership with the systems specifically designed into the vessel. It is...
Pentagon: No U.S. Navy Carrier in Mideast After USS Abraham Lincoln Leaves

Pentagon: No U.S. Navy Carrier in Mideast After USS Abraham Lincoln Leaves

By The Maritime Executive
November 4, 2024
The carrier USS Abraham Lincoln will be leaving the Middle East within a few months and will not be replaced with another carrier strike group, the Pentagon confirmed Friday. A persistent carrier pres...
DFDS and Ekol Trade Barbs as Acquisition Unravels

DFDS and Ekol Trade Barbs as Acquisition Unravels

By The Maritime Executive
November 4, 2024
  DFDS' plans to acquire Turkish freight company Ekol Logistics have fallen apart in a public and acrimonious feud, with both sides claiming that they initiated a withdrawal.   In April, Danish...
Egyptian Officials Cite “Severe Loss” at One Year Mark for Houthi Attacks

Egyptian Officials Cite “Severe Loss” at One Year Mark for Houthi Attacks

By The Maritime Executive
November 4, 2024
  Egyptian officials quantified the severe level of economic damage to the country’s economy as the Houthis closed in on the first anniversary of the launch of their assaults on commercial shipping...
Canadian West Coast Ports Set to Stop Work as Union Lockout Begins

Canadian West Coast Ports Set to Stop Work as Union Lockout Begins

By The Maritime Executive
November 4, 2024
  Employers at Canada’s West Coast cargo ports confirmed they will be proceeding with the lockout of union members from the International Longshore and Wharehouse Union Ship & Dock Foreman Local 51...
Sweden Cites “Defense Concerns” Blocking Plans for 13 Baltic Wind Farms

Sweden Cites “Defense Concerns” Blocking Plans for 13 Baltic Wind Farms

By The Maritime Executive
November 4, 2024
  The Swedish government announced that after reviewing all considerations including defense issues it would not proceed with permits for 13 proposed wind farms planned for the Baltic outside of Sw...
Maritime Executive

As Civil War Rages, Sudan's Government Cancels $6B UAE Port Project

By The Maritime Executive
November 4, 2024
  The military government of Sudan has canceled a $6 billion port deal with the United Arab Emirates over the UAE's alleged weapons transfers to the Rapid Support Forces (RSF), the Sudanese militia...
KVH & Pacific Basin Finish Hybrid Connectivity & Network Management Upgrade

KVH & Pacific Basin Finish Hybrid Connectivity & Network Management Upgrade

By The Maritime Executive
November 4, 2024
[By: KVH Industries, Inc] KVH Industries, Inc. (Nasdaq: KVHI), today announced that it has substantially completed a 75-vessel connectivity upgrade for commercial dry bulk operator Pacific Basin Sh...
Video: Turkish Pro-Palestinian Protestors Stage Sit-In on German Cargo Ship

Video: Turkish Pro-Palestinian Protestors Stage Sit-In on German Cargo Ship

By The Maritime Executive
November 4, 2024
  A group of pro-Palestinian protestors stormed the cargo ship Kathrin while the ship was docked in Istanbul on Sunday, November 4, and attempted to stage a sit-in to call attention to their demand...

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