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FSG Shipyards Get Temporary Financing from German State to Continue Work

FSG Shipyards Get Temporary Financing from German State to Continue Work

By The Maritime Executive
December 23, 2024
The bankrupt German shipbuilding group FSG-Nobiskrug Holding received temporary financing to keep the operations open while efforts continue to seek permanent investors. The group had been forced in...
BOEM's Next Steps in Competitive Leasing Process for Offshore Wind Energy

BOEM's Next Steps in Competitive Leasing Process for Offshore Wind Energy

By The Maritime Executive
December 23, 2024
[By: BOEM] The Bureau of Ocean Energy Management (BOEM) announced today that it is issuing a Determination of Competitive Interest in two Wind Energy Areas (WEAs) in the Gulf of Mexico. The determi...
McAllister Towing Celebrates 160 Years While Focusing on the Future

McAllister Towing Celebrates 160 Years While Focusing on the Future

By The Maritime Executive
December 23, 2024
The maritime community came together last week to mark the 160th anniversary of the founding of McAllister Towing, a leader in ship docking, towing, and maritime transport. From humble beginnings wi...
Offshore Wind Drives Shipyard Expansion - In Dubai

Offshore Wind Drives Shipyard Expansion - In Dubai

By The Maritime Executive
December 22, 2024
  Offshore wind development is driving shipyard expansion in an unexpected place - Dubai, the glittering financial hub of the Arab world.  Last week, GE Vernova and DP World's shipyard division...
Report: Policy Rethink Needed for India’s 2030 Offshore Wind Goal

Report: Policy Rethink Needed for India’s 2030 Offshore Wind Goal

By The Maritime Executive
December 22, 2024
  The last two years has seen India take significant steps to spur the development of offshore wind energy. A notable milestone was the approval of the $821 million Viability Gap Funding (VGF) prog...
Second MARAD Training Ship Patriot State Set for First Cadet Voyage

Second MARAD Training Ship Patriot State Set for First Cadet Voyage

By The Maritime Executive
December 20, 2024
  Massachusetts Maritime Academy announced the inaugural schedule for the second of the Maritime Administration’s new training ships which are being dedicated to the state maritime colleges. The TS...
Biden Administration Approves Eleventh U.S. Offshore Wind Project

Biden Administration Approves Eleventh U.S. Offshore Wind Project

By The Maritime Executive
December 20, 2024
  Racing to put the offshore wind industry on a sound footing before the close of the Biden administration, the Department of the Interior today approved what will become the eleventh large-scale o...
Maritime Executive

Industry Pushes Back on Biden Administration's LNG Export Study

By The Maritime Executive
December 19, 2024
  In a newly-released study, the U.S. Department of Energy predicted that natural gas prices for U.S. households will rise because of demand from buyers in Europe and Asia, who will be able to purc...
Maritime Executive

Hanwha Completes $100 Million Acquisition of Philly Shipyard

By The Maritime Executive
December 19, 2024
  South Korea’s Hanwha Group completed the acquisition of Philly Shipyard on December 19 in a deal valued at approximately $100 million. The company emphasized its plans for the growth of the yard’...
Port Tampa Bay Welcomes PLRS Crane to Improve and Expand Capabilities

Port Tampa Bay Welcomes PLRS Crane to Improve and Expand Capabilities

By The Maritime Executive
December 19, 2024
[By: Port Tampa Bay] Port Logistics Refrigerated Service (PLRS), which operates a cold storage and marine container terminal at Port Tampa Bay, debuted a new Konecranes Gottwald Generation 6 Mobile...

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