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Eksfin Provides €450 Million in Guarantee Financing to Iberdrola

Eksfin Provides €450 Million in Guarantee Financing to Iberdrola

By The Maritime Executive
August 28, 2023
[By: Eksfin] State-backed export credit agency Export Finance Norway (Eksfin) deepens its commitment to the international offshore wind market by providing loan guarantee financing to Spanish energ...
Australia's Antarctic Research Vessel Can't Reach its Own Fuel Pier

Australia's Antarctic Research Vessel Can't Reach its Own Fuel Pier

By The Maritime Executive
August 27, 2023
The harbormaster at the port of Hobart, Tasmania has determined that the Antarctic research vessel Nuyina is too beamy, too prone to drift in a turn, and too affected by windage to safely pass under t...
Maritime Executive

40 Years Later: The Loss of the Marine Electric

By Corinne Zilnicki
August 27, 2023
[This article was originally published in 2019, and it is reprinted here in recognition of the 40th year of the Marine Electric's loss.] At midnight on February 12, 1983, the 605-foot cargo ship Ma...
Video: P&O Cruise Ship Breaks Away From Moorings and Drifts Into Tanker

Video: P&O Cruise Ship Breaks Away From Moorings and Drifts Into Tanker

By The Maritime Executive
August 27, 2023
On Sunday, the P&O Cruises ship Britannia broke free of her lines in sudden gale-force winds, and she drifted up against the side of a moored oil tanker while docked at Palma de Mallorca. AIS data...
Meyer Reorganizes Management Seeking Diversification Beyond Cruise Ships

Meyer Reorganizes Management Seeking Diversification Beyond Cruise Ships

By The Maritime Executive
August 25, 2023
Meyer Group, which operates shipyards in Papenburg, Germany and Turku, Finland, announced a management reorganization as the company looks to rebuild and diversify its business in the wake of the pand...
Ro-Ro Cargo Ship for European Space Agency “Unfurls” its Sails

Ro-Ro Cargo Ship for European Space Agency “Unfurls” its Sails

By The Maritime Executive
August 25, 2023
Canopée, which is being called the first hybrid industrial vessel equipped with collapsible wing sails, is ready to begin commercial service for the European Space Agency’s Ariane program. The 5,500 d...
Crowley and Morgan Stanley Launch JV to Develop Wind Port Infrastructure

Crowley and Morgan Stanley Launch JV to Develop Wind Port Infrastructure

By The Maritime Executive
August 24, 2023
Crowley is forming a new partnership with global financial services powerhouse Morgan Stanely as they look to further realize the emerging infrastructure opportunities to support the U.S. offshore win...
Shipping Backup Begins to Clear as Turkey Reopens Dardanelles Strait

Shipping Backup Begins to Clear as Turkey Reopens Dardanelles Strait

By The Maritime Executive
August 24, 2023
Late on Thursday, August 24, Turkish officials declared that the Dardanelles had reopened to two-way traffic. The critical shipping lane linking the Mediterranean, Aegean, Sea of Marmara, and the Blac...
Hanwha Ocean Sells Shares to Fund Maritime Defense Plans in U.S., EU

Hanwha Ocean Sells Shares to Fund Maritime Defense Plans in U.S., EU

By The Maritime Executive
August 23, 2023
South Korean shipbuilder Hanwha Ocean (formerly DSME) is planning to raise a total of $1.5 billion through issuing new shares, the company confirmed Tuesday. The funds will go towards automating its s...
World's Largest Floating Offshore Wind Farm Officially Opened

World's Largest Floating Offshore Wind Farm Officially Opened

By The Maritime Executive
August 23, 2023
Norway marked the official dedication of the Hywind Tampen wind farm with a ceremony attended by Crown Prince Haakon of Norway and Norwegian Prime Minister Jonas Gahr Støre on the Gullfaks C platform...

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