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Maritime Executive

Rickmers Group Reaches Restructuring Agreement

By The Maritime Executive
April 22, 2017
On Wednesday, Singapore-based shipping firm Rickmers Holding announced a debt restructuring agreement for subsidiary Rickmers Group, thanks in large part to a support package from owner Bertram R.C. R...
Maritime Executive

Abandoned Ferry Sinks at Pier in Algeciras

By The Maritime Executive
April 21, 2017
On Friday morning, the abandoned catamaran ferry Panagia Parou sank at the Isla Verde Inland Pier at the Port of Algeciras.  The Port Authority of the Bay of Algeciras has been monitoring the vesse...
Maritime Executive

Lt. Paul Johansen Receives Honors For Daring Rescue

By U.S. Coast Guard News
April 21, 2017
[By Petty Officer 3rd Class Lauren Steenson] It’s a story that sounds as if it were pulled right from the movies. High winds, rough seas, a rescue helicopter low on fuel and a crew determined to sa...
Maritime Executive

Worldwide Ferry Safety & Technology Conference in May

By The Maritime Executive
April 21, 2017
4th Annual Ferry Design Competition – Awards to be Presented at May Conference The Worldwide Ferry Safety Association (WFSA) will be presenting awards to the winners of its Ferry Design Competition...
Maritime Executive

CEO of Norsepower Receives Young Entrepreneur Award

By The Maritime Executive
April 20, 2017
On Thursday, the trade show Nor-Shipping announced that Tuomas Riski, CEO of Flettner rotor manufacturer Norsepower, has been awarded its "Young Entrepreneur of the Year" award for 2017.  “Tuomas a...
Maritime Executive

Bollinger Delivers the 23rd Fast Response Cutter to USCG

By The Maritime Executive
April 20, 2017
Bollinger Shipyards has delivered the USCGC BENJAMIN DAILEY, the 23rd Fast Response Cutter (FRC) to the U.S. Coast Guard. The Coast Guard took delivery on April 20, 2017 in Key West, Florida and the v...
Maritime Executive

Rolls-Royce to Provide Mooring System for Statoil

By The Maritime Executive
April 20, 2017
Rolls-Royce has been chosen by Norway-based engineering and construction services firm Kvaerner to provide a mooring system for Norwegian oil and gas company Statoil’s oil platform, Njord A. Njord...
Maritime Executive

Turkish Cargo Ship Sinks Off Crimea

By The Maritime Executive
April 20, 2017
As many as eight crewmembers of the Soviet-era cargo ship Geroi Arsenala remain missing after she capsized in a storm off Crimea early on Wednesday. Two of her crew were rescued by Crimean SAR personn...
Maritime Executive

Currents Carry Atlantic Trash into the Arctic

By The Maritime Executive
April 19, 2017
In a new study published Wednesday in the journal Science Advances, a team of scientists from the University of Cádiz reported that ocean plastic from the Atlantic is accumulating in the Greenland and...
Maritime Executive

Wind Powered Oil Recovery Feasible

By The Maritime Executive
April 19, 2017
The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection to boost oil...

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