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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...
Electric Boat Slows Down Sub Production Because of Delayed Parts

Electric Boat Slows Down Sub Production Because of Delayed Parts

By The Maritime Executive
October 24, 2024
  On Wednesday, in a confirmation of the concerns of U.S. Navy leadership, the head of General Dynamics said that her company would be slowing down the pace of construction on new submarines to mat...
Austal Breaks Ground on New Building for Sub Module Construction

Austal Breaks Ground on New Building for Sub Module Construction

By The Maritime Executive
October 24, 2024
  On Thursday, Austal USA broke ground on a dedicated manufacturing facility for submarine modules, adding much-needed capacity for the U.S. Navy's nuclear submarine construction pipeline. Attack s...
Owner/Operator of Dali Agree to Pay U.S. $102M in Baltimore Recovery Costs

Owner/Operator of Dali Agree to Pay U.S. $102M in Baltimore Recovery Costs

By The Maritime Executive
October 24, 2024
  [Updated to include a statement from Grace Ocean and Synergy Marine] In a surprise development coming just a month after the United States filed suit against the owners and operators of the...
Report: Seadrill and Transocean Are in Merger Talks

Report: Seadrill and Transocean Are in Merger Talks

By The Maritime Executive
October 24, 2024
  Two giants of the offshore drilling industry, Seadrill and Transocean, are quietly engaged in talks on a merger, Bloomberg reports. Seadrill's stock jumped nearly 10 percent on Thursday on news o...
New Warnings of Piracy Activity in Indian Ocean and Singapore Strait

New Warnings of Piracy Activity in Indian Ocean and Singapore Strait

By The Maritime Executive
October 24, 2024
  Despite the numerous reports that crime against seafarers has fallen dramatically, fresh warnings have gone out this week to vessels operating both in the Indian Ocean and transiting the Singapor...
Trinidad and Tobago Succeed in Arresting Tug Behind Mystery Oil Spill

Trinidad and Tobago Succeed in Arresting Tug Behind Mystery Oil Spill

By The Maritime Executive
October 24, 2024
  Eight months after a massive oil spill from an overturned barge on the coast of Tobago, government officials confirmed that they have arrested the tug believed to have caused the oil spill and fi...
Two Dead in Accident at Ship Repair Yard in Norfolk

Two Dead in Accident at Ship Repair Yard in Norfolk

By The Maritime Executive
October 24, 2024
  On Wednesday, two workers were killed in an unspecified accident at a privately-owned repair yard in Norfolk, Virginia.  At about 0745 hours Wednesday, Norfolk police and fire-rescue teams wer...

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