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US Admiral

Retired U.S. Navy Admiral Arrested in Alleged Bribery Scheme

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Eisenhower carrier

Houthis Claim Targeting Aircraft Carrier Eisenhower in Retaliatory Strike

Published May 31, 2024 1:00 PM by The Maritime Executive

  Houthi spokesperson Yahya Saree outlined a series of attacks by their forces claiming to have targeted the U.S. aircraft carrier Dwight D. Eisenhower in retaliation for “brutal aggression,” by the U.S. and UK forces. U.S. officials however are firmly denying an attack and told a reporter for Politico they were not even aware of any activity in the area around the carrier. The claim asserted that the “missile force and naval force carried out a joint military operation” targeting...

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Morocco

Crewmembers Killed and Injured in Bulker Explosion Off Morocco

Published May 31, 2024 12:41 PM by The Maritime Executive

  Moroccan authorities are investigating after an explosion killed at least seven crewmembers and others injured aboard a bulker chartered by a company in Ethiopia. The vessel Toro Rosso (91,384 dwt) was anchored off the port of Jorf Lasfar waiting to proceed in to load Moroccan phosphate fertilizers. Reports of an explosion and subsequent fire in the engine room of the vessel which was built in 1997 reached the port authorities shortly after 10:00 a.m. (local time) on May 30....

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Uruguay Montevideo

Dispute Over Containers in Uruguay’s Montevideo Port Goes to Arbitration

Published May 31, 2024 9:27 AM by The Maritime Executive

The World Bank’s International Center for Settlement of Investment Disputes (ICSID) has agreed to arbitrate a case involving the shareholders of the main operator of Uruguay’s Montevideo Port, Montecon, against the state. The ICSID is expected to appoint an Arbitration Tribunal to resolve the dispute over the rights to move containers in the port. Since 2021, Neltume Ports has been protesting the decision by Uruguay’s government to offer the specialized Terminal Cuenca de Plata (TCP) exclusivity in movement...

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Port of New York

Investment Plan to Improve NY Harbor, Deepen Channel and Anchorage

Published May 31, 2024 8:47 AM by The Maritime Executive

  The Port Authority of New York and New Jersey announced a multifaceted package of significant investments in partnership with the U.S. Army Corps of Engineers to boost navigational safety and efficiency at the East Coast’s busiest container port. They plan to pursue a series of projects as part of the Port Authority's master plan which anticipates the seaport’s container volume will double or triple by 2050. Port officials highlight that New York has already experienced significant growth as it...

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Offshore

floating offshore wind

Floating Offshore Wind Targets to be Missed as Realism Hits Industry

  The enthusiasm about offshore wind as the anchor of an energy transition in the coming decades is fast waning with stakeholders now acknowledging that global capacity targets will fall short of projections. One of the sectors that continues to lag is floating wind turbines. London-based energy consultancy Westwood writes in a new analysis that due to challenges and risks, the global offshore wind industry will only manage to bring on stream less than 3 GW of floating wind installations...

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Shipbuilding

hydrogen tugs

Damen and Saverys to Build Four Large Hydrogen Dual-Fuel Tugs

  Shipbuilder Damen and CMB.TECH are partnering to build some of the first hydrogen-powered tugboats. The project expands Damen’s repertoire after the company added an electric tug also in the ASD class and in keeping with the Saverys' declared strategy to lead the industry to decarbonization alternatives. The collaboration calls for four tugs built by Damen and using CMB.TECH’s dual-fuel hydrogen technology. It is also the latest step in the companies’ collaboration as CMB.TECH is also working with Damen for...

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Environment

bulker

Cambridge Researchers Collect Data from Bulker to Model Decarbonization

  Noting that reliable real-world data regarding the impact of different low-carbon fuels on shipping has not yet been developed, researchers plan to use sophisticated tools to capture data from an in-service bulker. The goal is to develop information that will help shipowners develop pathways toward decarbonization while balancing the challenges of sustainability and commercial operations. The vessel selected for the test is Laskaridis Shipping’s Icarus. Built in China in 2012, the vessel is 75,200 dwt. It is registered in...

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Business

Bulker with smoke

Is Data the Key to Efficiency Technology Adoption?

  Efficiency technologies range from rigid wing sails to air lubrication systems, each offering unique opportunities to reduce greenhouse gas emissions and operational costs. Despite their rapid evolution and the wealth of options available to shipowners, precise evaluation is essential to build a strong investment case and maximize impact. Iebum Shin, Data Analytics Lead at Houlder, discusses the challenges in adopting efficiency technologies and highlights how data is key to making progress. In the complex and dynamic maritime industry, achieving...

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