Ever Given Arrives in Rotterdam, Ending Suez Canal Saga

US seizes tanker used to avoid North Korea sanctions

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

Published Jul 30, 2021 4:45 PM by The Maritime Executive

A New York federal court entered a judgment of forfeiture for an oil tanker used as part of a scheme to evade sanctions against North Korea and in the processes violating U.S. law and deceptively using U.S. dollars through unwitting U.S. banks. The U.S. Justice Department has been using seizures with increasing frequency as a tool to enforce sanctions against North Korea as well as Iran. In this case, Cambodian authorities seized a 2,734-ton oil-products tanker, the M/T Courageous, in...

Report: Most of Explosive Cargo Went Missing Before Beirut Blast

Published Jul 30, 2021 4:02 PM by The Maritime Executive

Just ahead of the first anniversary of the Port of Beirut blast, a leaked FBI report estimates that only one-fifth of the cargo involved in the blast actually exploded - indicating that unauthorized removal of the other four-fifths may have saved the city from a far larger disaster. 2,750 tonnes of the explosive substance arrived at the port aboard the vessel Rhosus in 2013, but the FBI's investigators estimated that just 550 tonnes of ammonium nitrate exploded. The remaining 2,200 tonnes are unaccounted for, and...

Fincantieri rebounds to profitability in 2021

Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

Published Jul 30, 2021 3:51 PM by The Maritime Executive

Fincantieri is continuing its strong rebound after the devastating effects of the COVID-19 pandemic in 2020 and the extended shutdowns across parts of Italy that impacted operations. The shipbuilder announced a return to profitability and an improving outlook as it also delivered the third new cruise completed in July after delivering seven ships from six shipyards in the first half of 2021. Yesterday, July 29, Fincantieri started the handover process for the Rotterdam, a 99,500 gross ton cruise ship completed...

US offshore wind Atlantic Paciifc coasts

BOEM Moves Ahead with Offshore Winds Projects on Both Coasts

Published Jul 30, 2021 2:34 PM by The Maritime Executive

The United States is working to advance offshore wind projects on both the Atlantic and Pacific coasts in an effort to meet the Biden Administration’s aggressive targets to generate 30 gigawatts of offshore wind energy by 2030. This week, the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) announced the next steps designed to advance what could become the first wind farms on the West Coast located off California as well as for the first project proposed...

Shipping

Port of Rotterdam Studies Hydrogen Imports Using Chemical Carrier

The Port of Rotterdam is working with a tank farm operator and two Japanese conglomerates to study the possibility of importing hydrogen in the form of methylcyclohexane, an industrial chemical that releases H2 when converted to toluene. This reaction is well-known and used on a wide scale to manufacture gasoline, and Chiyoda has successfully tested it for the alternative purpose of binding and transporting hydrogen. In 2020, Chiyoda, Mitsubishi, Mitsui and NYK completed a demonstration project for long distance transportation and...

Tugs & Salvage

Sri Lankan Environmental Groups Claim Oil Spilled From Xpress Pearl

Environmental groups in Sri Lanka are calling for the nation's president to personally intervene to secure a rapid cleanup of the wreck of the container feeder XPress Pearl, which burned and sank off Colombo in early June. A recent video of the vessel appears to show an oily sheen on the surface, and the activists have expressed concern that the ship could be spilling fuel oil into the water. "We see only the lethargic responses of the relevant [Sri Lankan]...

Government

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

Piracy

Nigerian Court Sentences 10 Pirates to 12 Years in Prison

A court in Lagos, Nigeria has sentenced 10 pirates to prison for the kidnapping of the crew of the fishing vessel Hailufeng II last year. The Chinese fishing trawler Hailufeng 11 was captured by pirates on May 14, 2020 within the Ivorian EEZ. She had 18 crewmembers aboard, including eight Chinese nationals, seven Ghanaians and three Ivorians. Multiple Gulf of Guinea coastal states participated in tracking the vessel using mechanisms set up under the Yaoundé Architecture for Maritime Security. In...

Cruise Ships

Meyer to build residental yacht cruise ship Njord

Meyer Werft Wins Order to Build Residential Yacht Cruise Ship

Meyer Werft and Ocean Residents Development Ltd. confirmed that a contract has been signed, subject to financing, for the construction of a new resident yacht cruise ship. It represents only the second order for a new cruise ship since the beginning of the pandemic and is an important win for Meyer Werft which is looking to increase utilization for the yard in Papenberg, Germany in 2024 and 2025. Named Njord, the vessel would consist of 117 residential apartments that will...

Ports

South Africa Will Lift Force Majeure at Ports as Operations Resume

South Africa’s Transnet, which operates the terminals and logistics for the country’s container operations, plans to lift its force majeure declaration effective August 2. The company had been forced to put the declaration in place after its IT systems were crippled by a ransomware cyberattack on July 22. Port operations across South Africa are slowly recovering after having switched to manual operations causing slowdowns and backlogs, which experts say will takes days or weeks to fully recover. “Transnet believes...

Shipping

Port of Rotterdam Studies Hydrogen Imports Using Chemical Carrier

Tugs & Salvage

Sri Lankan Environmental Groups Claim Oil Spilled From Xpress Pearl

Government

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

Piracy

Nigerian Court Sentences 10 Pirates to 12 Years in Prison

Cruise Ships

Meyer Werft Wins Order to Build Residential Yacht Cruise Ship

Ports

South Africa Will Lift Force Majeure at Ports as Operations Resume

Offshore

BOEM Moves Ahead with Offshore Winds Projects on Both Coasts

Shipbuilding

Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

Environment

Startup Aims to Turn Waterborne Plastic Waste Into Fuel

A UK-based startup is looking to solve two environmental problems with one solution, pulling plastic trash from waterways - where it would normally wind up in the ocean - and turning it into a fuel for ships. Plastic-to-fuel startup Clean Planet Energy has partnered with riverine waste NGO Riverrecycle to build out a combined floating debris to fuel value chain. Riverrecycle is already running offices in seven countries, including Indonesia and the Philippines, where the project will begin. It has...

Business

Did the Bouchard Tug and Barge Auction Achieve the Right Prices?

After several years of legal wrangling in bankruptcy court, most of the marine assets of Bouchard Transportation were sold at auction earlier this month, with the asset purchase agreements to be finalized imminently and the bankruptcy judge formally approving the transfer of ownership. By way of quick introduction, Bouchard was established in 1918 and had been active in Jones Act marine transport of liquid chemical and energy products. It was amongst the oldest and largest shipping companies in the US, a...

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Ever Given Arrives in Rotterdam, Ending Suez Canal Saga

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

Report: Most of Explosive Cargo Went Missing Before Beirut Blast

Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

BOEM Moves Ahead with Offshore Winds Projects on Both Coasts

Port of Rotterdam Studies Hydrogen Imports Using Chemical Carrier

Sri Lankan Environmental Groups Claim Oil Spilled From Xpress Pearl

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

Nigerian Court Sentences 10 Pirates to 12 Years in Prison

Meyer Werft Wins Order to Build Residential Yacht Cruise Ship

South Africa Will Lift Force Majeure at Ports as Operations Resume

ERMA FIRST Acquires World's Smallest Ballast Water Treatment System

OceanManager Inc. Digitalizes Mooring System Management Plans

American Vulkan's Service Team Keeps Drivetrains Running

Port of Rotterdam Studies Hydrogen Imports Using Chemical Carrier

Sri Lankan Environmental Groups Claim Oil Spilled From Xpress Pearl

U.S. Seizes Oil Tanker Used to Violate Sanctions Against North Korea

Nigerian Court Sentences 10 Pirates to 12 Years in Prison

Meyer Werft Wins Order to Build Residential Yacht Cruise Ship

South Africa Will Lift Force Majeure at Ports as Operations Resume

BOEM Moves Ahead with Offshore Winds Projects on Both Coasts

Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

Startup Aims to Turn Waterborne Plastic Waste Into Fuel

Did the Bouchard Tug and Barge Auction Achieve the Right Prices?

Maritime Industry Conferences and Events

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