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Twin Disc Finalizes Deal to Acquire Katsa Oy

Twin Disc Finalizes Deal to Acquire Katsa Oy

By The Maritime Executive
June 1, 2024
[By: Twin Disc, Inc.] Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, announced today that it has completed the €21 million...
Royal Fleet Auxiliary Officers Proceed with Work Slowdown Over Pay Dispute

Royal Fleet Auxiliary Officers Proceed with Work Slowdown Over Pay Dispute

By The Maritime Executive
May 31, 2024
  The UK’s powerful trade union Nautilus said it has decided to proceed with a job action despite the country being plunged into a general election. Parliament officially dissolved one minute after...
Floating Offshore Wind Targets to be Missed as Realism Hits Industry

Floating Offshore Wind Targets to be Missed as Realism Hits Industry

By The Maritime Executive
May 31, 2024
  The enthusiasm about offshore wind as the anchor of an energy transition in the coming decades is fast waning with stakeholders now acknowledging that global capacity targets will fall short of p...
Carnival Corp. Castoffs Find New Lives Cruising in Greece and China

Carnival Corp. Castoffs Find New Lives Cruising in Greece and China

By The Maritime Executive
May 31, 2024
  Two of the cruise ships retired by Carnival Corporation brands during the pandemic are set to relaunch in the coming weeks for their new owners in Greece and China. The ships, which are both over...
Salvage Operation Ordered to Fight Cargo Fire on Ship Chartered to CMA CGM

Salvage Operation Ordered to Fight Cargo Fire on Ship Chartered to CMA CGM

By The Maritime Executive
May 31, 2024
  CMA CGM is warning customers that a salvage operation has been ordered for one of the containerships it has on charter for the Asia-West Africa service. Full details on the extent of the fire hav...
Retired U.S. Navy Admiral Arrested in Alleged Bribery Scheme

Retired U.S. Navy Admiral Arrested in Alleged Bribery Scheme

By The Maritime Executive
May 31, 2024
A decorated four-star U.S. Admiral now retired, who held senior command positions, was arrested today, May 31, along with two business associates on charges related to their alleged roles in a bribe...
Houthis Claim Targeting Aircraft Carrier Eisenhower in Retaliatory Strike

Houthis Claim Targeting Aircraft Carrier Eisenhower in Retaliatory Strike

By The Maritime Executive
May 31, 2024
  Houthi spokesperson Yahya Saree outlined a series of attacks by their forces claiming to have targeted the U.S. aircraft carrier Dwight D. Eisenhower in retaliation for “brutal aggression,” by th...
Crewmembers Killed and Injured in Bulker Explosion Off Morocco

Crewmembers Killed and Injured in Bulker Explosion Off Morocco

By The Maritime Executive
May 31, 2024
  Moroccan authorities are investigating after an explosion killed at least seven crewmembers and others injured aboard a bulker chartered by a company in Ethiopia. The vessel Toro Rosso (91,384 dw...
Dispute Over Containers in Uruguay’s Montevideo Port Goes to Arbitration

Dispute Over Containers in Uruguay’s Montevideo Port Goes to Arbitration

By The Maritime Executive
May 31, 2024
The World Bank’s International Center for Settlement of Investment Disputes (ICSID) has agreed to arbitrate a case involving the shareholders of the main operator of Uruguay’s Montevideo Port, Monte...
Investment Plan to Improve NY Harbor, Deepen Channel and Anchorage

Investment Plan to Improve NY Harbor, Deepen Channel and Anchorage

By The Maritime Executive
May 31, 2024
  The Port Authority of New York and New Jersey announced a multifaceted package of significant investments in partnership with the U.S. Army Corps of Engineers to boost navigational safety and eff...

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