Thursday, April 18, 2024
Media Kit
Stena Germanica

Engineer Looking for Water Leak was Likely Electrocuted Aboard Stena Ferry

MORE TOP STORIES
Brunswick

Baltimore Shutdown Drives More Ro/Ro Traffic to Port of Brunswick

Published Apr 17, 2024 11:35 PM by The Maritime Executive

The shutdown of Baltimore's inner harbor has been a disaster for local shipping interests, and has disrupted the logistics networks of countless shippers. But it has also provided a boost in traffic for other East Coast ports, like Brunswick, Georgia, Baltimore's nearest competitor by volume in the American ro/ro market.  Brunswick was already quite busy: over the last nine months, volume was up by 16 percent. In March, Brunswick set a new record by handling 52 vessels and 77,000 units...

Continue Reading...
SM-3 launch

U.S. Navy Played Key Role in Protecting Israel From Iranian Missiles

Published Apr 17, 2024 11:06 PM by The Maritime Executive

The U.S. Navy was more helpful in defending Israel from an Iranian attack than initially reported. Half of Iran's projectiles failed in flight, a defense source told The Intercept, and American forces shot down the majority of the 160 remaining threats headed for Israeli territory. This includes as many as seven ballistic missiles that were destroyed by USS Arleigh Burke and USS Carney in mid-flight.  It is the first time that the Navy has ever used the SM-3 antiballistic missile...

Continue Reading...
PDVSA

White House Plans to Reimpose Sanctions on Venezuelan Oil

Published Apr 17, 2024 8:32 PM by The Maritime Executive

Venezuelan President Nicolas Maduro has not kept up his end of a bargain to allow free and fair elections, according to the White House, and U.S. sanctions on the nation's oil exports will likely be allowed to re-enter into force at the end of the week.  Tanker operators who serve the Venezuelan market have already resumed "dark-fleet" sanctions-evasion behavior ahead of the anticipated restrictions, according to TankerTrackers.com.  In October, American officials worked out an agreement with Maduro's government that would lift...

Continue Reading...
Port of Los Angeles

Positive Outlook Continues After Strong Start to 2024 at SoCal Ports

Published Apr 17, 2024 7:43 PM by The Maritime Executive

  Container volumes continued strong at Southern California’s twin ports maintaining the momentum and a positive outlook for the trade. Both the ports of Los Angeles and Long Beach highlighted an ongoing year-over-year trend of volume increases while predicting that the outlook remains positive. Providing an update on the first quarter of 2024, the Port of Los Angeles said it was the third-best opening for the year in the port’s history. They marked eight consecutive months of year-over-year growth for...

Continue Reading...
FEATURED STORIES
BLOGS
PODCASTS
MORE STORIES BY CATEGORY

Offshore

offshore wind farm

Shipbuilder Hyundai Enters European Wind Market with Agreement in Scotland

  South Korean shipbuilder HD Hyundai Heavy Industries is entering the European offshore wind energy market as it looking for opportunities to leverage its expertise and expand its presence in offshore energy. The company signed an agreement with two of Scotland’s economic development organizations to jointly pursue opportunities in the emerging floating offshore wind power sector. Hyundai will be working with Scottish Enterprise and Highland & Island Enterprise cooperating on the development of new offshore wind power projects in Scotland....

Continue Reading...

Shipbuilding

Chinese shipbuilding

China Calls Accusations “Untenable” in Response to US Shipbuilding Inquiry

  Chinese officials and the state-run media continued the strong response denouncing the U.S.’s announcement of a trade investigation into the shipbuilding sector and efforts to triple the tariffs on steel. Chinese media writes the U.S. administration is using an “old playbook of unilateralism and protectionism,” saying it will fail to reshore manufacturing and result in a more expensive supply chain. China’s Commerce Ministry issued a series of statements responding to the U.S. announcements and said regarding the steel tariffs...

Continue Reading...

Environment

Vancouver port

Consortium to Decarbonize Corridor Between Canada, Japan, and South Korea

  As momentum gains for the concept of green corridors, a consortium of carriers, terminals, and ports from North America, Asia, and Europe aims to work together to decarbonize the value chain for commodities between North America and Asia. Initiated in June 2023 with discussions between Canada and Japan at the G7 Transport Ministers Summit, the North Pacific Green Corridor Consortium’s founders represent approximately a quarter of the 100 million tonnes of bulk commodities shipped from Canada’s Prince Rupert and...

Continue Reading...

Business

ONE

ONE Joins Trend Towards Optional Low-Carbon Container Fees

Japanese ocean carrier ONE has added a low-carbon option for shippers who are willing to spend to reduce their emissions. Rather than selling carbon offsets for tree planting or conservation, the company is offering its customers the opportunity to pay for biofuel for the carrier's fleet, in an amount equivalent to the energy needed to move the shipment.  ONE is buying regulation-compliant biofuels for a number of its ships, and customers can reduce their Scope 3 (supply chain) emissions by paying...

Continue Reading...