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Despite Collapse in Traffic, Suez Canal is Planning a Two-Lane Future

Despite Collapse in Traffic, Suez Canal is Planning a Two-Lane Future

By The Maritime Executive
March 4, 2024
  Though traffic on the Suez Canal is down sharply this year, the Egyptian government is considering plans to extend the waterway's second channel and prepare for a future with more business than e...
First Fixed Suction Sails Deployed on RoRo Chartered to Airbus

First Fixed Suction Sails Deployed on RoRo Chartered to Airbus

By The Maritime Executive
March 4, 2024
  As interest continues to grow in wind-assisted propulsion, Spanish manufacturer Bound4blue reports it has achieved another milestone with the first fixed suction sails deployed on a RoRo. The ves...
Two Chinese Research Vessels Loiter at Energy-Rich Benham Rise

Two Chinese Research Vessels Loiter at Energy-Rich Benham Rise

By The Maritime Executive
March 4, 2024
The government of the Philippines is responding to the presence of two Chinese research vessels at Benham Rise, a seamount in the Philippine Sea. The area is within the Philippine EEZ and has prospect...
Red Sea Problems Drive Schedule Reliability to Lowest Level in 15 Months

Red Sea Problems Drive Schedule Reliability to Lowest Level in 15 Months

By The Maritime Executive
March 4, 2024
  Red Sea diversions and the disruptions to carriers’ routes are taking a significant toll on schedule reliability which is now at its lowest level in 15 months. In a new analysis of the market, Se...
Gunvor Pays More Than $660M in U.S. and Switzerland Settling Bribery Cases

Gunvor Pays More Than $660M in U.S. and Switzerland Settling Bribery Cases

By The Maritime Executive
March 4, 2024
Swiss-based international commodities trading company Gunvor, which says it focuses on logistics solutions that safely and efficiently move commodities, has settled a long-running and complex bribery...
Iridium Buys Service That Uses L-Band Satellites for GPS-Like Positioning

Iridium Buys Service That Uses L-Band Satellites for GPS-Like Positioning

By The Maritime Executive
March 4, 2024
L-band satcom provider Iridium has reached a deal to acquire Satelles, a company that provides resilient navigation and timing to supplement GPS.  The vulnerabilities of GPS are well known: the sig...
Cruise Ship Handed Over to Buyer for 3.5-Year Residential World Cruise

Cruise Ship Handed Over to Buyer for 3.5-Year Residential World Cruise

By The Maritime Executive
March 4, 2024
  The latest attempt at what is being called residential cruising took a step forward with startup Villa Vie Residences reporting they have now taken delivery of the former Fred. Olsen Cruise Lines...
Smugglers Run Aground While Trying to Flee Royal Navy

Smugglers Run Aground While Trying to Flee Royal Navy

By The Maritime Executive
March 4, 2024
A Royal Navy warship has seized narcotics worth $370 million in a series of busts in the Caribbean, with help from the U.S. Coast Guard.  In the first intercept, HMS Trent spotted a smuggling speed...
Nigeria Tracks Down Bunker Vessel and Holds it on Oil Theft Charges

Nigeria Tracks Down Bunker Vessel and Holds it on Oil Theft Charges

By The Maritime Executive
March 4, 2024
  The Nigerian Navy reports it tracked and subsequently arrested a Panama-registered bunker vessel which it is accusing of oil theft. They tracked the vessel offshore before apprehending it with 13...
Netherlands Sending Watercraft and Ammunition to Ukraine

Netherlands Sending Watercraft and Ammunition to Ukraine

By The Maritime Executive
March 4, 2024
  The Netherlands has become the latest European country to promise increased aid to Ukraine to help counter a mounting Russian offensive in the east and the stalled efforts for further assistance...

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