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Orsted Raises $9.4 Billion in Heavily-Discounted Rights Issue

Orsted Raises $9.4 Billion in Heavily-Discounted Rights Issue

By The Maritime Executive
October 7, 2025
Danish offshore wind giant Orsted has raised $9.4 billion by selling new shares to existing stockholders at a steeply discounted price. With 99 percent of the new shares sold immediately and the...
SouthCoast Wind Challenges DOJ’s Delaying and Political Agenda

SouthCoast Wind Challenges DOJ’s Delaying and Political Agenda

By The Maritime Executive
October 7, 2025
The developers of the proposed SouthCoast offshore wind project filed their response to the Department of Justice’s efforts to derail the approved project, calling the filing “yet anothe...
Federal Court Throws Out Biden's Offshore E&P "Withdrawal" Areas

Federal Court Throws Out Biden's Offshore E&P "Withdrawal" Areas

By The Maritime Executive
October 6, 2025
A federal judge has thrown out the Biden administration's sweeping ban on offshore oil and gas lease sales outside of the Gulf of Mexico and the North Slope of Alaska, allowing future lease s...
Dutch Coast Guard Stops Drifting Tanker Before It Hits Wind Farm

Dutch Coast Guard Stops Drifting Tanker Before It Hits Wind Farm

By The Maritime Executive
October 6, 2025
The Dutch Coast Guard is reporting a close call on Saturday night, October 4, as a product tanker lost propulsion and was drifting dangerously close to the Netherlands’ largest offshore win...
Effort This Week Will Attempt to Refloat Ship Stranded in Canadian Arctic

Effort This Week Will Attempt to Refloat Ship Stranded in Canadian Arctic

By The Maritime Executive
October 6, 2025
With the arrival of additional equipment and lightening of the vessel Thamesborg completed, Royal Wagenborg and the Canadian Coast Guard report a refloating operation is scheduled for this week. The...
Sail-Powered Neoliner Origin Prepares for Maiden Voyage

Sail-Powered Neoliner Origin Prepares for Maiden Voyage

By The Maritime Executive
October 6, 2025
The Neoliner Origin, which is billed as the first large, mostly sail-powered cargo ship, has been delivered by its builders, RMK Marine in Turkey, to its owners in France. The vessel departed the...
Tall Ship Cuauhtemoc Departs New York After Collision Damage Repairs

Tall Ship Cuauhtemoc Departs New York After Collision Damage Repairs

By The Maritime Executive
October 5, 2025
The damaged sail training ship Cuauhtémoc has been repaired at a shipyard in Staten Island, and on Saturday it departed Manhattan en route for its home port of Cozumel, Mexico. The departu...
New Zealand Plans to Pay Samoa $3.6 Million for Sinking of HMNZS Manawanui

New Zealand Plans to Pay Samoa $3.6 Million for Sinking of HMNZS Manawanui

By The Maritime Executive
October 5, 2025
On the one-year anniversary of the sinking of the HMNZS Manawanui, the government of New Zealand has agreed to pay Samoa a total of $3.6 million in compensation for the contamination and disrupti...
Houthi Anti-Ship Missiles are Positioned to Cover the Gulf of Aden

Houthi Anti-Ship Missiles are Positioned to Cover the Gulf of Aden

By The Maritime Executive
October 5, 2025
On September 29, the Houthis mounted an attack on the Dutch-flagged 9,524GT general cargo vessel MV Minervagracht (IMO 9571521). The ship is owned by the Dutch firm Spliethoff, which operates a f...
Despite Sanctions, Russia's Arctic LNG 2 Plant is Up and Running

Despite Sanctions, Russia's Arctic LNG 2 Plant is Up and Running

By The Maritime Executive
October 2, 2025
With extensive help from Chinese interests, Russian gas producer Novatek is making headway in its efforts to circumvent Western sanctions on its Arctic LNG 2 plant in the Siberian Arctic. The...

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