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Stena Line's Use of AI Drives the Development of Sustainable Shipping

Stena Line's Use of AI Drives the Development of Sustainable Shipping

By The Maritime Executive
June 5, 2024
[By: Stena Line] AI is not only used on land, but also at sea. At least at the ferry company Stena Line, where the development and implementation of a new AI system, called Voyage Optimisation Syst...
Addition to Multraship Fleet with Naming of Damen ASD Tug 3212 MULTRATUG 35

Addition to Multraship Fleet with Naming of Damen ASD Tug 3212 MULTRATUG 35

By The Maritime Executive
June 4, 2024
[By: Multraship Towage & Salvage] Multraship Towage & Salvage held a Christening ceremony on 30 May to name their newest tug MULTRATUG 35 at their home port of Terneuzen, the Netherlands. The vesse...
New York Finalizes New Power Agreements for Two Large Offshore Wind Farms

New York Finalizes New Power Agreements for Two Large Offshore Wind Farms

By The Maritime Executive
June 4, 2024
  New York State finalized new power contracts for two offshore wind farms, Empire Wind 1 and Sunrise Wind, which had previously been placed in jeopardy when their developers said that rising costs...
Newbuild Orders Are “Clearly Shifting” to Methanol Says DNV

Newbuild Orders Are “Clearly Shifting” to Methanol Says DNV

By The Maritime Executive
June 4, 2024
  While alternative fuel systems are continuing to gain traction overall in the orders for newbuilds, DNV believes that the trend in 2024 shows the market is moving to methanol. Methanol leads in t...
Blue Water Mariner Webinars on Hurricane Forecasting Provided by the NHC

Blue Water Mariner Webinars on Hurricane Forecasting Provided by the NHC

By The Maritime Executive
June 4, 2024
[By: National Hurricane Center] “Hurricane Analysis and Prediction” 2-3 pm EDT, June 5th, 2024 Mr. Dan Brown - Branch Chief, Hurricane Specialist Unit, National Hurricane Center Register at: h...
Maersk Raises Profit Guidance By $3B, Blanks Asia-Med Sailings

Maersk Raises Profit Guidance By $3B, Blanks Asia-Med Sailings

By The Maritime Executive
June 3, 2024
On Monday, AP Moller-Maersk told customers that it would be canceling several sailings due to severe port congestion, and told investors to expect a $3 billion improvement in full-year EBITDA due to t...
Union Maritime Goes Big on Wind and Plans to Invest in BAR Technologies

Union Maritime Goes Big on Wind and Plans to Invest in BAR Technologies

By The Maritime Executive
June 3, 2024
  UK-based Union Maritime is going big on wind-assisted propulsion becoming one of the few ship owners to map a strategy to install rigid sails across its newbuild fleet due over the next three yea...
Shipping Industry May Create the Very First Global Carbon Levy

Shipping Industry May Create the Very First Global Carbon Levy

By Dialogue Earth
June 2, 2024
  [By Ned Molloy] At a March meeting of the UN International Maritime Organisation (IMO) in London, a majority of member states expressed support for a levy on greenhouse gases emitted by the gl...
NGO Sues Norway over Seabed Mining Approval

NGO Sues Norway over Seabed Mining Approval

By The Maritime Executive
June 2, 2024
  Environmental campaign group WWF (World Wide Fund for Nature) is moving to sue Norway for its controversial decision to open up vast parts of its continental shelf to deep seabed mining. Accordin...
Twin Disc Finalizes Deal to Acquire Katsa Oy

Twin Disc Finalizes Deal to Acquire Katsa Oy

By The Maritime Executive
June 1, 2024
[By: Twin Disc, Inc.] Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, announced today that it has completed the €21 million...

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