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Sunday, June 23, 2024
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UKMTO

Bulker's Crew Abandons Ship After "Uncontrolled" Flooding off Yemen

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hydrogen-electric battery vessel

Lithuania at Leading Edge Building First Hydrogen-Electric Powered Ship

Published Jun 21, 2024 9:26 PM by The Maritime Executive

  The Lithuanian shipping industry is joining the leading edge of the industry becoming one of the first to be building a hydrogen-electric powered ship. While the technology is viewed with great promise only a few ships have moved into construction using hydrogen fuel cells combined with batteries. The construction of the country’s first hydrogen-electric ship began at Western Baltija Shipbuilding (WBS) with a keel laying ceremony. Commissioned by the Klaipeda State Seaport Authority, this ship is a harbor craft designed...

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cruise ship

Fincantieri Continues Cruise Ship Growth as Viking Signs Two Orders

Published Jun 21, 2024 8:55 PM by The Maritime Executive

  Italian shipbuilder Fincantieri is highlighting the “full recovery and strong momentum” in the cruise ship sector as it completed the contract signing with Viking Cruises for the cruise line’s 17 and 18 ships in a building program started 12 years ago. The shipbuilder continues to grow its backlog with it also citing the earlier multi-billion-dollar order signed with Norwegian Cruise Line Holdings in March 2024. Viking had indicated to investors last month that it would be exercising two options...

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BVI Tortola

Former BVI Port Authority Director Sentenced in Drug Smuggling Scheme

Published Jun 21, 2024 6:17 PM by The Maritime Executive

  A judge in a Miami, Florida court on Thursday, June 20, sentenced the former BVI Ports Authority Managing Director Oleanvine Pickering-Maynard to jail for her role in a drug smuggling and money laundering scheme that also involved the now convicted and former BVI Premier Andrew Fahie. Maynard had agreed to plead guilty along with her son Kadeem Maynard, and in exchange for her testifying against the former premier, received a reduced sentence. They were all arrested in April 2022...

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Hamburg Parliament

MSC’s Investment in Hamburg Port Nears Final Vote in Parliament

Published Jun 21, 2024 4:58 PM by The Maritime Executive

The controversial plan for MSC Mediterranean Shipping Company to acquire approximately half of the Hamburg port operator Hamburger Hafen und Logistik AG (HHLA) cleared another hurdle although it still faces significant challenges before gaining government approval. While proponents hope to approve the deal before July 10 and the final session of Parliament before the summer recess, a right-wing political faction still looks to stall the approval. Under the plan put forward in September 2023, MSC would acquire 49...

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Offshore

offshore wind farm

Ninth Large Offshore Wind Farm Approved for Construction by U.S. BOEM

The pace of approvals continues after years of review with the U.S. Department of the Interior’s Bureau of Ocean Energy Management today approving the ninth commercial-scale offshore wind farm. The project known as Sunrise Wind is currently jointly owned by Ørsted and Eversource Energy, although Eversource has agreed to sell its shares as part of a strategy for existing offshore wind investments. "BOEM’s approval of the Sunrise Wind project represents another step in building a thriving offshore wind...

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Shipbuilding

DSME shipyard

South Korea's Rise as a Global Shipbuilder

  During the World War II period, shipbuilding rose into one of the most critical sectors for most countries in continental Europe and the U.S. In these regions, shipyards represented the backbone of waterfront businesses, providing a lifeline for many coastal communities. But despite that demand for construction of new vessels is still high, shipbuilding in the West has hit an inflection point. Overall, shipbuilding production has fallen to historic lows, a case in point being the U.S where shipyards...

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Environment

hydrogen-electric battery vessel

Lithuania at Leading Edge Building First Hydrogen-Electric Powered Ship

  The Lithuanian shipping industry is joining the leading edge of the industry becoming one of the first to be building a hydrogen-electric powered ship. While the technology is viewed with great promise only a few ships have moved into construction using hydrogen fuel cells combined with batteries. The construction of the country’s first hydrogen-electric ship began at Western Baltija Shipbuilding (WBS) with a keel laying ceremony. Commissioned by the Klaipeda State Seaport Authority, this ship is a harbor craft designed...

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Business

No Man's Fort Clarenco

Two Historic Naval Fortresses Auctioned Off for $1.3M Each

Two of the world's most remarkable maritime properties have sold at auction in the UK for about $1.3 million apiece - roughly a fifth of the price that it reportedly cost the previous owner to buy and refurbish them. Spitbank Fort and No Man's Fort, which once guarded the entrance to the Royal Navy's largest base, now belong to a new (undisclosed) buyer after several years of vacancy. The forts date back to the 1870s, when Britain feared a French...

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