Tuesday, July 08, 2025
Media Kit
crew from abandoned bulker

Houthis Claim Bulker Sank After Yesterday’s Attack as Crew Reaches Safety

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floating data center

MOL and Karpowership Plan to Convert Car Carrier to Floating Data Centers

Published Jul 7, 2025 6:16 PM by The Maritime Executive

Japan’s Mitsui O.S.K. Lines and Kinetics, an initiative from Karpowership, believe they have a concept to address the global shortage for data centers. Using the two companies' expertise, they are developing a plan to convert existing vessels into data centers that can be powered from mobile power or shore power to provide a quicker and more cost-efficient solution for data centers. The development of AI and other technologies has created a dramatic demand for new data centers. Even...

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Cochin Shipyard (Courtesy HD Hyundai)

HD Hyundai Partners Up With Indian Shipbuilder Cochin

Published Jul 7, 2025 5:13 PM by The Maritime Executive

South Korean shipbuilding leader HD Hyundai has signed up with Indian shipbuilding giant Cochin Shipyard on a deal to share design work, technology and equipment supply chains. The agreement also provides for workforce training programs.  South Korea has some of the world's most advanced shipyards, but a shortage of skilled labor is a constant hurdle, and the nation's shipbuilders are increasingly dependent upon foreign workers recruited from Vietnam and Thailand. Some Korean shipbuilders are experimenting with foreign yard locations, like...

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hides soaked with cocaine

Greeks Arrest Cartel Importing Containers of Cattle Hides Soaked in Cocaine

Published Jul 7, 2025 4:06 PM by The Maritime Executive

  The Greek Police announced the arrest of 11 individuals involved in an elaborate smuggling operation shipping containers from South America filled with raw cattle hides. The police said it was the first time they had dismantled a criminal organization using the elaborate method of smuggling cocaine, which is becoming more common in other parts of the world. It was a multi-month, systematic, and operationally complex investigation that was tracking the containers being shipped to Greece. Once arriving at the...

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Finland icebreaker

Finland Awarded €91M from EU for New Icebreaker and Transport Projects

Published Jul 7, 2025 3:16 PM by The Maritime Executive

Calling it the “jewel of the projects that received EU funding,” Finland announced it was awarded money from the European Commission for its new Baltic Class B icebreaker, along with other key transport projects. They said the investments will play a key role in Finland’s foreign trade, economy, future, and security. Finland’s icebreaker fleet consists of eight vessels, the oldest of which is Voima, which was delivered in 1954. While it was rebuilt in 1978-1979, at age 70,...

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Offshore

floating LNG terminal

MARAD Receives Proposal for Floating Offshore LNG Export Terminal off Texas

With the rush to expand the U.S. LNG export business and strong support from the Trump administration for the energy sector, a developer has filed a novel proposal with the Maritime Administration (MARAD) and the U.S. Coast Guard. In a notice to be published on Monday, July 7, in the Federal Register, MARAD and USCG report that the application is sufficiently complete to start processing the proposal from the company called ST LNG for the ST LNG Deepwater...

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Shipbuilding

Cochin Shipyard (Courtesy HD Hyundai)

HD Hyundai Partners Up With Indian Shipbuilder Cochin

South Korean shipbuilding leader HD Hyundai has signed up with Indian shipbuilding giant Cochin Shipyard on a deal to share design work, technology and equipment supply chains. The agreement also provides for workforce training programs.  South Korea has some of the world's most advanced shipyards, but a shortage of skilled labor is a constant hurdle, and the nation's shipbuilders are increasingly dependent upon foreign workers recruited from Vietnam and Thailand. Some Korean shipbuilders are experimenting with foreign yard locations, like...

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Environment

solar powered inland cargo vessel

First Inland Cargo Vessel Launched Capable of Sailing with Solar Power

A newly built inland dry goods vessel, Blue Marlin, was named last week in Hamburg, Germany, and became the world’s first hybrid solar-power inland shipping vessel, as well as receiving a designation for remote-controlled operations. The solar system aboard the ship advances on prior low-voltage systems that are supplying power for onboard systems and provides the first capability to contribute solar power to propulsion. The vessel has several unique capabilities, starting with its 192 solar panels, which are...

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Business

Unite

ITF's London Employees Vote to Go on Strike Against ITF

  Unionized employees of the International Transport Workers' Federation (ITF) have voted to go on strike against the ITF. Represented by British union Unite, the ITF's employees are pushing back against a restructuring plan that would reduce ITF's headcount by one quarter.  The reduction in force is a cost-saving measure, but the union noted that ITF's senior management team will not be laid off - and that top leaders saw their pay increase by nearly half over the period from...

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