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France Secures $11B EU Financing to Accelerate Offshore Wind Development

France Secures $11B EU Financing to Accelerate Offshore Wind Development

By The Maritime Executive
July 4, 2024
  Construction of two offshore wind farms in France is set to proceed following the securing of a €10.8 billion ($11.6 billion) financing package from the European Commission. As part of its net-ze...
HamiltonJet Breaks Ground on New State-of-the-Art Production Facility

HamiltonJet Breaks Ground on New State-of-the-Art Production Facility

By The Maritime Executive
July 4, 2024
[By: HamiltonJet] Works began today on a new state-of-the-art production facility for capacity expansion for HamiltonJet, the New Zealand manufacturer of innovative marine propulsion technology. Th...
Singapore Backlog Continues as Nearly All Boxships Arrive Off Schedule

Singapore Backlog Continues as Nearly All Boxships Arrive Off Schedule

By The Maritime Executive
July 4, 2024
  Singapore’s Minister for Transport outlined to the Parliament steps being taken to address the continuing problems in the port resulting in increased waiting time for containerships. The growing...
Cruise Lines Adjust as Hurricane Beryl Storms Through Caribbean

Cruise Lines Adjust as Hurricane Beryl Storms Through Caribbean

By The Maritime Executive
July 3, 2024
Hurricane Beryl, the earliest Category 5 huricane on record in the Atlantic, has killed at least six people in the Caribbean and is barreling towards the Yucatan Peninsula.  As the storm gained str...
Search for Crewmember Feared Overboard Called Off When He Was Found on Ship

Search for Crewmember Feared Overboard Called Off When He Was Found on Ship

By The Maritime Executive
July 3, 2024
  After a search spanning more than two days and covering hundreds of miles in the Pacific, the U.S. Coast Guard was informed that the suspected missing crewmember was found safe aboard his ship. T...
German Offshore Wind Farm Selects China’s Most Powerful 18MW Wind Turbines

German Offshore Wind Farm Selects China’s Most Powerful 18MW Wind Turbines

By The Maritime Executive
July 3, 2024
  A new offshore wind farm planned for the German North Sea signed a preferred supplier agreement reserving the world’s largest wind turbines with a rating of 18.5 MW, which could make it the first...
Germany Blocks MAN’s Sale of Gas Turbine Business to China

Germany Blocks MAN’s Sale of Gas Turbine Business to China

By The Maritime Executive
July 3, 2024
  Citing national security concerns, Germany plans to block the proposed sale of MAN Energy Solutions’ gas turbine business to a subsidiary of China’s state-owned shipbuilding company CSSC. MAN had...
Japanese Project Reaches Milestone in Design of Hydrogen-Fueled Tanker

Japanese Project Reaches Milestone in Design of Hydrogen-Fueled Tanker

By The Maritime Executive
July 2, 2024
  A design project launched in Japan in 2023 reports it has reached a milestone in the development of a hydrogen-fueled domestic coastal tanker. The project which was launched under the sponsorship...
DOF Buys Maersk Supply Service for $1.1B and Maersk Spins-Off Wind Business

DOF Buys Maersk Supply Service for $1.1B and Maersk Spins-Off Wind Business

By The Maritime Executive
July 2, 2024
  Norway’s DOF Group will pay approximately $1.1 billion to acquire Maersk Supply Service further consolidating the offshore service sector focusing on the oil and gas sector. The deal comes just a...
Atlantic Shores is the Next U.S. Offshore Wind Project to Get Approval

Atlantic Shores is the Next U.S. Offshore Wind Project to Get Approval

By The Maritime Executive
July 2, 2024
  The U.S. Department of the Interior announced that it has approved New Jersey’s Atlantic Shores South, making it the latest in a series of steps over the past few days moving the sector forward....

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