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Maritime Executive

BP's Deepwater Horizon Costs Reach $65 Billion

By The Maritime Executive
January 16, 2018
BP said on Tuesday it would take a new charge of $1.7 billion in relation to claims over the 2010 Deepwater Horizon spill, raising the company's total costs to around $65 billion, higher than the $61....
Maritime Executive

New Leadership for MHI Vestas

By The Maritime Executive
January 16, 2018
Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems have appointed Philippe Kavafyan as CEO and Lars Bondo Krogsgaard as Co-CEO of MHI Vestas Offshore Wind. The appointments will take effect on...
Maritime Executive

OCEAN - GO Full Force!

By Tony Munoz
January 16, 2018
OCEAN is a major maritime player in eastern Canada with substantial operations along the St. Lawrence Seaway and Great Lakes and global ambitions. Its founder and guiding force, Gordon Bain, describes...
Maritime Executive

New Windfarm Vessel to Meet Future Requirements

By The Maritime Executive
January 15, 2018
Ad Hoc Marine Designs is championing the feasibility of its Typhoon Class Swath design as the best suited windfarm vessel to meet significant wave height requirements for future rounds of offshore win...
Maritime Executive

Renewable Technologies to be Competitive by 2020

By The Maritime Executive
January 14, 2018
A new cost analysis from the International Renewable Energy Agency (IRENA) predicts that all renewable energy technologies will be able to compete with fossil fuels on price by 2020. Renewable Powe...
Maritime Executive

Drought and the Maritime Sector

By Harry Valentine
January 13, 2018
At the present time, two metropolitan regions in the Southern Hemisphere are experiencing drought and facing severe water shortages. The cities are Sao Paulo, Brazil and Cape Town, South Africa, and t...
Maritime Executive

U.S. Navy's Surface Warfare Chief Calls for "Fewer Obligations"

By The Maritime Executive
January 12, 2018
At the annual Surface Warfare Association symposium this week, the U.S. Navy's top leaders said that the service is moving as fast as it can to implement changes in the wake of last year's deadly wars...
Maritime Executive

Burning Tanker Suffers Multiple Explosions

By The Maritime Executive
January 12, 2018
The burning Iranian oil tanker Sanchi has drifted into Japanese waters, the Japan Coast Guard announced Friday. In a statement, the agency said that Sanchi is now about 150 nm to the northwest of Amam...
Maritime Executive

Norsafe Enters the Cruise and Passenger Ferry Market

By The Maritime Executive
January 11, 2018
Norsafe has recently developed a modern, Partially Enclosed Lifeboat (PELB) providing a secure and protected means of escape for persons on-board passenger vessels. The SOLAS compliant Minima 88 is a...
Maritime Executive

STADT Enters the U.S. Market with Patented Lean Propulsion

By The Maritime Executive
January 10, 2018
During the 2017 WorkBoat Show in New Orleans, STADT AS of Norway signed an agreement with W.A. Technical Sales Inc. to represent them in the Gulf of Mexico area. This is part of a world wide expansion...

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