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HD Hyundai Joins Nuclear Power Firms to Launch Advocacy Group in London

HD Hyundai Joins Nuclear Power Firms to Launch Advocacy Group in London

By The Maritime Executive
March 12, 2024
South Korean shipbuilder HD Hyundai takes decarbonization seriously, and in its latest move, it has signed up with 11 nuclear-energy companies to start a new advocacy organization on the west side of...
U.S. Promotes Tug-and-Barge Option to Deliver Aid to Gaza

U.S. Promotes Tug-and-Barge Option to Deliver Aid to Gaza

By The Maritime Executive
March 12, 2024
The Biden administration is quietly pushing for a commercial tug-and-barge operation to fill the need for aid delivery to Gaza, where famine looms amidst ongoing conflict between Israel and Hamas. ...
Top Insurer Subsidizes Use of AI Navigation-Safety Tool

Top Insurer Subsidizes Use of AI Navigation-Safety Tool

By The Maritime Executive
March 12, 2024
After successful testing, insurer NorthStandard has decided to subsidize the use of AI-driven collision avoidance aboard its customers' ships. Under a new program, it will help pay for installation an...
Maritime Executive

MARAD Sets $500 Million for 2024 Grants Under Ports Improvement Program

By The Maritime Executive
March 12, 2024
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $500 million in funding for the Port Infrastructure Development Program in Federal Fiscal Year 2024. The program provi...
US Unions File Trade Complaint Accusing China of Unfair Shipbuilding Policy

US Unions File Trade Complaint Accusing China of Unfair Shipbuilding Policy

By The Maritime Executive
March 12, 2024
A wide-reaching coalition of American labor unions, supported by U.S. Senators, today filed a formal complaint against China targeting its shipbuilding industry and the policies of the Chinese governm...
11 Survivors of Houthi Missile Attack Return Home, Two Remain in Hospital

11 Survivors of Houthi Missile Attack Return Home, Two Remain in Hospital

By The Maritime Executive
March 12, 2024
The surviving crewmembers of the bulker True Confidence have begun to return to the Philippines, and 11 of them arrived in Manila on Tuesday.  With financial assistance from the Philippine governme...
Union Maritime Adds Wind-Assisted Propulsion to New LR2 Tankers

Union Maritime Adds Wind-Assisted Propulsion to New LR2 Tankers

By The Maritime Executive
March 12, 2024
  UK-based Union Maritime has ordered the installation of rigid wing sails for two of its new build LR2 tankers putting the company at the forefront of the development of wind-assisted technology i...
First Seaborne Shipment of Food Aid Leaves Cyprus for Gaza

First Seaborne Shipment of Food Aid Leaves Cyprus for Gaza

By The Maritime Executive
March 12, 2024
The rescue tug Open Arms has departed Cyprus with a cargo of food aid for Gaza, the first of many to come. The cargo owner, global charity World Central Kitchen, is working around Gaza's lack of port...
Alexander Saverys Challenges Industry’s Approach to the Future

Alexander Saverys Challenges Industry’s Approach to the Future

By The Maritime Executive
March 12, 2024
While the shipping industry is optimistic about the near-term outlook despite many of the well-publicized challenges, Alexander Saverys, CEO of CMB and now Euronav, however, challenged the industry to...
Strong Outlook as Container Volumes Remain Positive at US Ports

Strong Outlook as Container Volumes Remain Positive at US Ports

By The Maritime Executive
March 12, 2024
  U.S. imports are strong and continuing to grow with the outlook remaining positive into 2024. The disruptions in the Red Sea and at the Panama Canal have not impacted the number of containers arr...

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