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Mexico's Navy Seizes 3,600 Kilos of Cocaine From Smuggling Boat

Mexico's Navy Seizes 3,600 Kilos of Cocaine From Smuggling Boat

By The Maritime Executive
November 7, 2024
  Mexico's navy has seized about 3,600 kilos of cocaine from a smuggling boat off Guerrero, on Mexico's Pacific coast.  Last week, a SEMAR aircraft patrol spotted a go-fast boat with nine crewme...
Multraship Fleet's Newest Addition is the Damen ASD Tug 3212 Multratug 36

Multraship Fleet's Newest Addition is the Damen ASD Tug 3212 Multratug 36

By The Maritime Executive
November 7, 2024
[By: Damen Shipyards Group] Multraship Towage & Salvage held a christening ceremony on Friday, 1 November, to name their newest tug Multratug 36 in the port of Terneuzen, the Netherlands. The vesse...
American Retailers: Tariff Hikes Would Raise Prices, Reduce Import Volume

American Retailers: Tariff Hikes Would Raise Prices, Reduce Import Volume

By The Maritime Executive
November 6, 2024
  The tariffs that President-elect Donald Trump has proposed to enact on imports could raise retail costs on basics like apparel and furniture by up to $78 billion a year, enough to prompt some U.S...
Maritime Executive

Trump's Win Boosts Oil Stocks, But Offshore Wind and Ocean Freight Tumble

By The Maritime Executive
November 6, 2024
  The decisive electoral victory of future President Donald Trump has sent energy stocks soaring, while the initial investor reaction for the rest of the industry appears mixed. Ocean carriers migh...
U.S. Soldier Injured in Gaza Aid Pier Accident Has Died

U.S. Soldier Injured in Gaza Aid Pier Accident Has Died

By The Maritime Executive
November 5, 2024
  One of the soldiers who was injured in a mishap on the Gaza emergency sealift operation earlier this year has died of his wounds, the U.S. Army has confirmed.  Sgt. Quandarius Davon Stanley, 2...
Plans Launched to Develop Floating Hydrogen Import Terminal in France

Plans Launched to Develop Floating Hydrogen Import Terminal in France

By The Maritime Executive
November 5, 2024
  As efforts continue to focus on the transition to new energy, Höegh Evi a leader in floating energy infrastructure announced plans for leveraging the experience with LGN to launch possibly one of...
Hurricane Forecast Prompts Gulf Offshore Operators to Shut in Production

Hurricane Forecast Prompts Gulf Offshore Operators to Shut in Production

By The Maritime Executive
November 5, 2024
Forecasts show Tropical Storm Rafael strengthening into a hurricane and taking a course across the Gulf of Mexico, and offshore producers are shutting in platforms and evacuating rigs in advance of hi...
Maritime Executive

Fat Leonard Sentenced to 15 Years for U.S. Navy Bribery and Fraud

By The Maritime Executive
November 5, 2024
Nine years after his first guilty plea and 11 years after he was first arrested, Leonard Francis, aka “Fat Leonard” pleaded guilty for the second time in his now notorious bribery and fraud scheme t...
Former Siem Offshore Sees Growth Ordering New Vessels From COSCO

Former Siem Offshore Sees Growth Ordering New Vessels From COSCO

By The Maritime Executive
November 4, 2024
  The former Siem Offshore reformulated as Sea1 Offshore after the departure of founder and former chairman Kristian Siem reports it is seeing positive signs in the offshore market and preparing fo...
Sweden Cites “Defense Concerns” Blocking Plans for 13 Baltic Wind Farms

Sweden Cites “Defense Concerns” Blocking Plans for 13 Baltic Wind Farms

By The Maritime Executive
November 4, 2024
  The Swedish government announced that after reviewing all considerations including defense issues it would not proceed with permits for 13 proposed wind farms planned for the Baltic outside of Sw...

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