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After Two Weeks, Fire Continues Amidst Stability Concerns for Wan Hai 503

After Two Weeks, Fire Continues Amidst Stability Concerns for Wan Hai 503

The Indian Directorate General of Shipping reports that two weeks after the fire first began on the containership Wan Hai 503, pockets of fire remain, and there has been a reignition in one area. Th...

Investigators Set to Take Over as Bayesian Reaches Shore

Investigators Set to Take Over as Bayesian Reaches Shore

The salvage of the wrecked superyacht Bayesian has been completed in two stages over the weekend after it was lifted from the sea floor. The yacht, which measures 184 feet (56 meters) in length,...

Japan's Ruling Party Has a $7B Restructuring Plan for Shipbuilding

Japan's Ruling Party Has a $7B Restructuring Plan for Shipbuilding

As the U.S. considers policy proposals to revitalize a lagging shipbuilding industry, it is looking to Japan and South Korea for ideas on how to keep this labor-intensive sector competitive in a...

Oil Prices Plummet After Limited Iranian Attack on U.S. Airbase

Oil Prices Plummet After Limited Iranian Attack on U.S. Airbase

Within minutes of a small Iranian missile strike on U.S. airbases in Iraq and Qatar, WTI oil prices dove by more than seven percent as traders priced in an apparent "off-ramp" from confronta...

Strategic Channels

Strategic Channels

"Whoever controls the flow of energy controls their own destiny—and often that of others." - Condoleezza Rice, former U.S. Secretary of State. Global energy corridors, from the...

Austal USA Launches First Steel Ship Marking Expansion from Aluminum

Austal USA Launches First Steel Ship Marking Expansion from Aluminum

Austal USA marked a key milestone in its shipbuilding operation recently with the rollout and launch of its first steel ship, the future USNS Billy Frank Jr. (T-ATS 11). The company is best known...

Video: Bayesian Superyacht Lifted to Surface in Ongoing Operation

Video: Bayesian Superyacht Lifted to Surface in Ongoing Operation

The sailing yacht Bayesian reached the surface on Friday afternoon, June 20, ten months after it was lost claiming the lives of seven passengers including billionaire tech entrepreneur Mike Lynch an...

The Maritime Executive's Annual Shipbuilding Edition is Available Online

The Maritime Executive's Annual Shipbuilding Edition is Available Online

150 YEARS! That’s how long Colonna’s Shipyard in Norfolk, Virginia has been around, and that’s why we put Randall Crutchfield, a fifth-generation family member and current CEO, o...

UK Completes First Round for Float Wind Power in the Celtic Sea

UK Completes First Round for Float Wind Power in the Celtic Sea

The UK completed its fifth round process for selecting projects with this effort focusing on the development of pioneering projects in the Celtic Sea. The Crown Estate which manages the offshore...

Peak Performance

Peak Performance

FuelEU came into force this January, applying to all commercial vessels over 5,000 gross tons transporting passengers or cargo. It's part of the E.U.'s "Fit for 55" legislati...