Wednesday, May 21, 2025
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Philly Shipyard

Report: Hanwha Ocean Plans Large-Scale Expansion of Philly Shipyard

Published May 20, 2025 7:46 PM by The Maritime Executive

Months after having completed the acquisition of the Philly Shipyard, South Korea’s Hanwha Ocean is planning to invest more than $70 million to modernize and expand the shipbuilder’s operations to realize the opportunities as the U.S. looks to revitalize its navy and merchant marine. According to reports in the Korean media, the company detailed the plans to expand production at the Philadelphia yard during a tour with Korean stock analysts. The Korean Economic Daily reports the company told...

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Startup Impossible Metals requested an American Samoa lease sale last month (image courtesy Impossible Metals)

BOEM Plans Deep-Sea Mining Lease Sale Off American Samoa

Published May 20, 2025 7:10 PM by The Maritime Executive

  After a request from U.S. deep sea mining startup Impossible Minerals and a new executive order from President Donald Trump, the U.S. Bureau of Ocean Energy Management (BOEM) has launched the process to hold a mineral lease sale for polymetallic nodule collection off the coast of American Samoa. If approved, it would be the first commercial license for deep sea mineral collection that has been awarded in a generation, and it could provide a test run for a sovereign...

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Bayesian in her prime (file image courtesy Perini Navi)

Salvors Raise First Component of Lost Superyacht Bayesian

Published May 20, 2025 5:43 PM by The Maritime Executive

  Salvors have raised the first major component of the lost superyacht Bayesian, which sank in a severe storm off the coast of Sicily last August. Seven people died in the tragedy, including the owner. The boom is just one piece of a much larger salvage project. The team plans to recover the rest of the vessel's rigging, then parbuckle the wreck and raise it out of the water. The objective is to uncover new evidence to support two parallel...

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Diamond Princess

Princess Cruise Ship Captain Dies Suddenly After Medical Emergency

Published May 20, 2025 5:11 PM by The Maritime Executive

  The master of a Princess Cruises passed away from a sudden medical issue while under way on a weeks-long cruise, the cruise line has confirmed.  Capt. Michele Bartolomei, a Princess veteran with nearly 30 years at the company, was in command of the 2,700-passenger Diamond Princess on a voyage in East Asia. Overnight May 18-19, while the vessel was in Taiwan, Capt. Bartolomei died unexpectedly on board.  Passengers learned of the incident in an early-morning PA call that summoned...

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Offshore

install offshore wind farm

U.S. Interior Department Lifts Empire Wind Stop-Work Order

In a surprising reversal, the Trump administration has lifted the stop-work order on New York’s Empire Wind offshore energy project. Norway’s Equinor issued a brief statement reporting that it has been informed by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) that the order was lifted allowing construction activities to resume. Equinor had threatened to walk away from the project while a concerted effort was underway to permit the project to proceed. Reports are indicating...

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Shipbuilding

Philly Shipyard

Report: Hanwha Ocean Plans Large-Scale Expansion of Philly Shipyard

Months after having completed the acquisition of the Philly Shipyard, South Korea’s Hanwha Ocean is planning to invest more than $70 million to modernize and expand the shipbuilder’s operations to realize the opportunities as the U.S. looks to revitalize its navy and merchant marine. According to reports in the Korean media, the company detailed the plans to expand production at the Philadelphia yard during a tour with Korean stock analysts. The Korean Economic Daily reports the company told...

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Environment

LNG bunker vessel

Testing Begins for System to Address Methane Slip from LNG Marine Engines

Testing is getting underway for an onboard system installed on an in-service LNG bunker vessel to address methane slip. The release of unburnt methane is one of the critical challenges facing LNG operations, with environmentalists highlighting that methane is one of the most potent greenhouse gas emissions. The LNG industry assets that the newest generation of LNG marine engines are far more successful at reducing methane emissions. Researchers, at the same time, have been working to develop systems...

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Business

Female members of the UNIFIL naval peacekeeping force off Lebanon, 2025 (UNIFIL)

Women in Maritime Day: Survey Highlights Progress, But Barriers Remain

  For this year's International Women in Maritime Day, the IMO released the results of a new global survey conducted together with WISTA International. The survey found that women account for an estimated 19 percent of all employees in the maritime sector worldwide, with high variability among subsectors. Women dominate the field in public relations, marketing, advertising, crewing and recruitment roles, but still account for just one percent of the world's active seafaring workforce - reflecting both the opportunities and...

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