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U.S. Couple Charged With Fraud in $28M Boatbuilding Scheme

U.S. Couple Charged With Fraud in $28M Boatbuilding Scheme

By The Maritime Executive
October 28, 2022
A married couple in the U.S could be staring at a long time in jail after allegedly defrauding investors out of $28 million by diverting money from an unsuccessful boatbuilding and cruise tour busines...
World's First Hydrogen-Powered Tug Arrives in Belgium for Final Tests

World's First Hydrogen-Powered Tug Arrives in Belgium for Final Tests

By The Maritime Executive
October 28, 2022
The world’s first hydrogen-powered tugboat arrived in Belgium on October 27 after completing construction in Spain. The installation of the vessel’s hydrogen system will be completed at the Port of Os...
OMSA: Foreign-Flagged Tug Spotted at U.S. Offshore Wind Farm [Updated]

OMSA: Foreign-Flagged Tug Spotted at U.S. Offshore Wind Farm [Updated]

By The Maritime Executive
October 28, 2022
The Offshore Marine Services Association (OMSA) has made a remarkable discovery: a Dutch-flagged, Dutch-owned tug has crossed the Atlantic and performed at least one job on a U.S. offshore wind farm....
MARAD Awards $703 Million in Port Development Grants for 2022

MARAD Awards $703 Million in Port Development Grants for 2022

By The Maritime Executive
October 28, 2022
The U.S. Maritime Administration detailed an additional $703 million in grants to improve port infrastructure and strengthen the national supply chains as part of the bipartisan infrastructure investm...
Crowley Wins Deal to Develop California's First Offshore Wind Terminal

Crowley Wins Deal to Develop California's First Offshore Wind Terminal

By The Maritime Executive
October 28, 2022
After an extensive RFP process, the Port of Humboldt Bay has signed an agreement with Crowley to negotiate terms for the development of a new wind terminal, which will support Northern California's bu...
PALFINGER: Record Revenue in the First Three Quarters of 2022

PALFINGER: Record Revenue in the First Three Quarters of 2022

By The Maritime Executive
October 28, 2022
[By: Palfinger] Strong demand in NAM and LATAM Energy costs, energy supply, supply chain and war in Ukraine remain uncertainty factors Over EUR 2 billion revenue mark within reach for 2022 a...
Orsted, WWF Join Forces to Address Offshore Wind's Biodiversity Impact

Orsted, WWF Join Forces to Address Offshore Wind's Biodiversity Impact

By The Maritime Executive
October 27, 2022
Offshore wind developer Orsted wants to zero out the biodiversity impact of its installations by 2030, and it is partnering with the World Wildlife Fund to look for ways to do it - starting with ecosy...
UNEP Sees "No Pathway to 1.5C" of Warming, But 2-3C is Quite Possible

UNEP Sees "No Pathway to 1.5C" of Warming, But 2-3C is Quite Possible

By The Maritime Executive
October 27, 2022
In advance of the COP27 climate conference, the United Nations Environment Programme has a clear and uncomfortable message: there is “no credible pathway to 1.5 degrees C" by 2050, and warming is on t...
Indian Coast Guard Rescues 20 Fishermen After Storm in Bay of Bengal

Indian Coast Guard Rescues 20 Fishermen After Storm in Bay of Bengal

By The Maritime Executive
October 27, 2022
When a powerful storm swept through the Bay of Bengal earlier this week, the Indian Coast Guard came to the aid of Bangladeshi fishermen whose boats were capsized by the wind and waves Cyclonic Sto...
Sembcorp Marine to Buy Keppel O&M in Revised Megamerger

Sembcorp Marine to Buy Keppel O&M in Revised Megamerger

By The Maritime Executive
October 27, 2022
Nearly two years after Keppel O&M announced plans to exit its core business in offshore oil rig construction and repairs and six months after an agreement to form a new company with Sembcorp, the plan...

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