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Maersk Cautions of Overcapacity and Uncertainty for Container Shipping

Maersk Cautions of Overcapacity and Uncertainty for Container Shipping

By The Maritime Executive
February 8, 2024
  Maersk presented a troubling outlook to investors speaking of expected headwinds and issues of oversupply challenges, eroding rates, and uncertainty while guiding to a forecast that could see pro...
Northern Ireland Floating Offshore Wind Farm Comes Closer to Realization

Northern Ireland Floating Offshore Wind Farm Comes Closer to Realization

By The Maritime Executive
February 7, 2024
  [By North Channel Wind] Plans to develop the biggest ever green energy project in Northern Ireland, floating offshore wind energy in the North Channel of the Irish Sea, will take a step closer...
Aging Freighter Sank Under Tow Due to Engine Room Flooding

Aging Freighter Sank Under Tow Due to Engine Room Flooding

By The Maritime Executive
February 7, 2024
When the crew of the tug Capt. Beau set out to tow a derelict cargo ship from Miami to Haiti, they were in for an unwelcome surprise. Just about everything that could go wrong did go wrong: in rough s...
Boluda Acquires Resolve’s Gibraltar Towing to Expand Service Offering

Boluda Acquires Resolve’s Gibraltar Towing to Expand Service Offering

By The Maritime Executive
February 7, 2024
  Boluda Towage, one of the divisions of Spain’s Boluda Corporacion Maritima, is continuing to expand its services and consolidate the towage industry announcing that it acquired the towing operati...
Carnival Magic Dented and Scraped Hitting Jamaica Pier in Strong Winds

Carnival Magic Dented and Scraped Hitting Jamaica Pier in Strong Winds

By The Maritime Executive
February 7, 2024
  One of Carnival Cruise Line’s large cruise ships, the 130,000 gross ton Carnival Magic, is a little worse for wear after heavy weather yesterday pushed the ship into the dock. The cruise ship rem...
Orsted Slashes its Growth Plans After a Challenging Year

Orsted Slashes its Growth Plans After a Challenging Year

By The Maritime Executive
February 7, 2024
Danish energy company Orsted, the global leader in offshore wind, has radically rolled back its plans for expansion. The company has cut its 2030 development target down from 50 GW to 35-38 GW, withdr...
Houthi Militants Fire Six Ballistic Missiles at Two Ships

Houthi Militants Fire Six Ballistic Missiles at Two Ships

By The Maritime Executive
February 6, 2024
Yemen's Houthi militants targeted two U.S. and UK-linked ships with ballistic missiles overnight, according to U.S. military officials. The attacks came just a day after the UK’s Defense Secretary Gra...
Post-Panamax Bulker to be Retrofitted with Wind Rotors in 2024

Post-Panamax Bulker to be Retrofitted with Wind Rotors in 2024

By The Maritime Executive
February 5, 2024
  Norsepower, a Helsinki, Finland-based manufacturer of modern wind rotors confirmed that a previously announced project to retrofit wind rotors on a large bulker is proceeding with the installatio...
Birdon Acquires Metal Shark Boats’ Alabama Shipyard for USCG Work

Birdon Acquires Metal Shark Boats’ Alabama Shipyard for USCG Work

By The Maritime Executive
February 5, 2024
  Birdon America, a U.S.-based shipbuilding which is part of Birdon headquartered in Australia a shipbuilding and defense contractor, acquired the Alabama shipyard of Metal Shark Boats. Birdon repo...
India Invites Bids for Four Gigawatts of Offshore Wind Capacity

India Invites Bids for Four Gigawatts of Offshore Wind Capacity

By The Maritime Executive
February 4, 2024
  India has opened the first round of auctions for its planned development of four gigawattts of offshore wind capacity. In a statement released on Friday, the Ministry of New and Renewable Energy...

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