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Maritime Executive

Where did the Maritime Heritage Grant Money Go? - Part 2

By Denise Krepp
July 9, 2015
In 2009, Congress mandated that all government vessels be recycled in the United States. The 1970 Bank Secrecy Act and the 2001 PATRIOT Act imposed additional reporting requirements concerning interna...
Maritime Executive

BP Seized Settlement Chance Amid Dwindling Options

July 9, 2015
In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offsh...
Maritime Executive

Washington Grapples With Fast-Track Legislation

By Larry Kiern
July 8, 2015
The President is fighting his own party on this one.  Having put aside for the time being the legacy issues left over from the previous Congress, the new Republican leadership has now moved on to w...
Maritime Executive

Where Did the Maritime Heritage Grant Money Go? - Part 1

By Denise Krepp
July 7, 2015
In 1998, Congress held a hearing to examine the Maritime Administration's ship recycling program. Witnesses testified about irregularities and the lack of compliance with the National Maritime Heritag...
Maritime Executive

Maersk to Sell Esvagt for $610m

By The Maritime Executive
July 7, 2015
A.P. Moller-Maersk announced it will be selling its stake in Danish shipping company ESVAGT, an offshore support company involved in emergency response and rescue, oil spill response and escort servic...
Maritime Executive

d'Amico Group Presents the Owner's Cabin

By The Maritime Executive
July 6, 2015
d’Amico Group is proud to announce The Owner’s Cabin, an innovative and unique international artist’s residency program that will take place on board the company’s ships as they operate  around the wo...
Maritime Executive

U.S. Fossil Fuel Use Changing Again

By The Maritime Executive
July 4, 2015
While the energy history of the United States is one of significant change, three fossil fuel sources—petroleum, natural gas, and coal—have made up at least 80 percent of total U.S. energy consumption...
Maritime Executive

Ardmore Seafox Joins Ardmore Fleet

By The Maritime Executive
July 3, 2015
Ardmore Shipping Corporation today announced that its latest newbuild vessel, the Ardmore Seafox, was delivered by SPP Shipbuilding from the Sacheon shipyard in Korea on June 25, 2015. The Ardmore...
Maritime Executive

BP Settles Government's Deepwater Horizon Claims

By The Maritime Executive
July 3, 2015
Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle worth $18.7 billion to settle all federal and state claims arising from the event. It is the...
Maritime Executive

Offshore Wind Park Westermost Rough Inaugurated

By The Maritime Executive
July 2, 2015
The U.K. offshore wind power plant Westermost Rough has been officially inaugurated. Consisting of 35 Siemens wind turbines, each with a capacity of six megawatts and a rotor diameter of 154 meters, t...

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