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Nordic Shipholding Plans to Liquidate in 2023

Nordic Shipholding Plans to Liquidate in 2023

By The Maritime Executive
December 25, 2022
After failing to secure a merger partner and facing deepening losses, Danish shipping company Nordic Shipholding is set to liquidate its operations next year. Nordic Shipholding announced that at a...
Unique Engine Concept Powers Cadeler’s Hybrid Foundation/Wind Turbine

Unique Engine Concept Powers Cadeler’s Hybrid Foundation/Wind Turbine

By The Maritime Executive
December 25, 2022
MAN Energy Solutions has won a fourth order to supply engines to Chinese shipbuilder, COSCO Heavy Industries, in Qidong for the construction of a second F-Class installation vessel used for the instal...
Oi Americas to Host Product Launches and New Technologies

Oi Americas to Host Product Launches and New Technologies

By The Maritime Executive
December 25, 2022
Oceanology International Americas has opened its registration and the organisers of the largest ocean technology trade show & conference in the US are delighted to welcome back all ocean professionals...
Xeneta Container Rates Alert: Calm Before Storm

Xeneta Container Rates Alert: Calm Before Storm

By The Maritime Executive
December 23, 2022
The year ended in somewhat anti-climactic fashion for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI®) showing a decline of just 0.1%. Following on from a stee...
Overlooked Resource: Bountiful Oceans Help Meet Global Energy Needs

Overlooked Resource: Bountiful Oceans Help Meet Global Energy Needs

By G. Allen Brooks
December 23, 2022
Water is crucial for human survival. It’s also critical for the health of the planet. Seventy percent of the world’s surface is covered by water, of which roughly 97 percent is in the oceans and seas....
Ireland Awards First Maritime Area Consents for Offshore Wind Energy

Ireland Awards First Maritime Area Consents for Offshore Wind Energy

By The Maritime Executive
December 23, 2022
Ireland took a key step forward in its efforts to develop its first offshore wind energy projects. Seven proposed projects were designated by the government giving them the ability to move forward to...
Engine Room Fire Causes Evacuation of 868 Passengers from Ferry in NYC

Engine Room Fire Causes Evacuation of 868 Passengers from Ferry in NYC

By The Maritime Executive
December 23, 2022
An engine room fire aboard one of the newly commissioned Staten Island Ferries in New York City caused a mid-harbor evacuation of nearly 900 people during the rush hour commute on December 22. Officia...
Japan’s First Large Offshore Wind Farm Starts Operations

Japan’s First Large Offshore Wind Farm Starts Operations

By The Maritime Executive
December 22, 2022
Japan’s first large-scale offshore wind farm went into commercial service on December 22 with a second neighboring site expected to also commence operations shortly. While the projects are small in sc...
Massachusetts Awards $180M in Grants for Wind Port Infrastructure

Massachusetts Awards $180M in Grants for Wind Port Infrastructure

By The Maritime Executive
December 22, 2022
Massachusetts awarded funding to expand and develop port infrastructure at three key harbors in support of the developing offshore wind industry. As part of the state’s Offshore Wind Ports Infrastruct...
Norway Funds Research Projects for Battery-Powered Ships

Norway Funds Research Projects for Battery-Powered Ships

By The Maritime Executive
December 22, 2022
The Norwegian government is seeking to accelerate the development of battery-powered shipping as part of its goals to achieve net zero carbon emissions across all parts of the Norwegian economy. This...

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