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Noble Corp. Buys Diamond Offshore Continuing Sector Consolidation

Noble Corp. Buys Diamond Offshore Continuing Sector Consolidation

By The Maritime Executive
June 10, 2024
  Noble Corporation announced its third acquisition since emerging from bankruptcy as the company continues to drive consolidation in the offshore drilling sector. In a deal valued at approximately...
Strong Consumer Demand Drives Up TEU Imports but Also Widens U.S. Trade Gap

Strong Consumer Demand Drives Up TEU Imports but Also Widens U.S. Trade Gap

By The Maritime Executive
June 10, 2024
  With strong consumer spending continuing, container import levels at the major U.S. ports are expected to reach their highest levels in two years. The National Retail Federation raised for the se...
Video: Ukrainian Drone Blows Hatch Covers Off Russian Barge

Video: Ukrainian Drone Blows Hatch Covers Off Russian Barge

By The Maritime Executive
June 10, 2024
Over the weekend, Ukrainian forces hit a barge in the far northeastern corner of the Sea of Azov, more than 100 miles from the Black Sea and the front lines of the war.  On Sunday, Russian defense...
Video: Taiwanese Tanker Holed in Allision with Breakwater

Video: Taiwanese Tanker Holed in Allision with Breakwater

By The Maritime Executive
June 10, 2024
  [Brief]  A product tanker operating a coastal service in Taiwan appears to have misjudged a turn leaving the port of Kaohsiung on Saturday, June 8 with disastrous results. The vessel received a l...
Maritime Executive

Norway Fines Shipowner $750,000 for Illegal Export of Ships for Scrap

By The Maritime Executive
June 10, 2024
  Four years after raiding the offices of the shipping company then known as Teekay Offshore, Norwegian regulators today imposed an approximately $750,000 fine for illegally exporting two ships to...
Container Feeder Sinks off Sihanoukville

Container Feeder Sinks off Sihanoukville

By The Maritime Executive
June 10, 2024
[Brief] On Sunday, a small container feeder went down off the coast of Sihanoukville, Cambodia, according to the government's National Committee for Maritime Security.  The Thai container vessel Ch...
DFDS Sells Historic Passenger Route to Focus on Logistics

DFDS Sells Historic Passenger Route to Focus on Logistics

By The Maritime Executive
June 10, 2024
  Denmark’s famed ferry operator DFDS Seaways announced that it is selling one of its original routes that has been in service since 1866 and the founding of the company. Sweden’s Gotlandsbolaget i...
Russian Tanker Moves Oil to Notorious Shadow Tanker to Avoid Sanctions

Russian Tanker Moves Oil to Notorious Shadow Tanker to Avoid Sanctions

By The Maritime Executive
June 10, 2024
  Russian tankers sanctioned by the United States for price cap violations are copying a technique from the Iranians using ship-to-ship transfers to avoid the U.S. and European sanctions. Reuters i...
New Cost-Effective & Precise Method to Measure Fuel Consumption

New Cost-Effective & Precise Method to Measure Fuel Consumption

By The Maritime Executive
June 10, 2024
[By: LionRock Maritime] The maritime industry is continuously on the lookout for ways to reduce its fuel consumption. A recent innovation from the towage industry may hold the key. By harnessing ad...
T.E.N. Contracts DNV for First Shuttle Tanker with Cyber Secure Notation

T.E.N. Contracts DNV for First Shuttle Tanker with Cyber Secure Notation

By The Maritime Executive
June 10, 2024
[By: DNV] At the Posidonia trade fair today, classification society DNV presented Tsakos Energy Navigation Ltd (T.E.N.) with a certificate recognizing their recently contracted vessels as the first...

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