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The Maritime Executive: Maritime News | Marine News Go SUBSCRIBE NOW Wednesday, March 12, 2025 Media Kit news Features Podcasts Magazine Newsletter Jobs Advertise Subscribe news features Podcasts magazine newsletter Jobs advertise subscribe TOP STORIES Volgoneft Tanker Owners Face Lawsuits Over Kerch Strait Spill Published by The Maritime Executive Norwegian Reefer Goes Aground in the Hebrides Published by The Maritime Executive Congress Cuts Frigate and Landing Ship Programs to Fund Extra Destroyer Published by The Maritime Executive Report: Russian Ballistic Missile Kills Four Seafarers in Odesa Port Published by The Maritime Executive UK Says Burning Containership is Secured as Response to Collision Continues TRENDING STORIES Pentagon's Logistics Chief Wants to Buy Four Foreign-Built Ships a Year Canada Places Order with Seaspan for Construction of Heavy Polar Icebreaker Multiple Vessels Report GPS Disruption in Strait of Hormuz USCG Cutter Polar Star Departs Antarctica Marking 49 Years of Operations EDITORIALS China's Huge Fisheries Law Overhaul Could Make Fleet More Sustainable Innovations in Maritime Fluid Technology for a Low-Carbon Future Should Australia Rebuild its Merchant Navy? MORE TOP STORIES Austal Issues Shares to Raise Capital for Alabama Yard Expansion Published Mar 11, 2025 6:16 PM by The Maritime Executive   Austal Ltd., the Australian parent company of defense shipbuilder Austal USA, has announced a capital raise of as much as US$140 million to pay for the expansion of its main shipyard in Mobile, Alabama.  Austal USA is the core of Austal Ltd.'s enterprise, and it is rapidly growing to meet the needs of its primary customer, the U.S. Navy. It holds contracts for an array of smaller auxiliary vessels, along with a large-scale subcontract award for module construction to... Continue Reading... Class Societies ABS and DNV Advance Plans for Ammonia-Cracking Bulker Published Mar 11, 2025 6:09 PM by The Maritime Executive   An innovative project to develop a shipboard ammonia-cracking technology took a key step forward toward the vision of building a zero-emission dry bulk carrier for the copper industry. Class societies ABS and DNV working with Norway-based Pherousa Shipping and technology company Metacon have issued design Approval in Principle reporting they found “no show stopper conditions” to employing the innovative technology. Ammonia continues to draw interest with systems in development but so far it has required carbon fuel primers to... Continue Reading... Ontario and Washington Back Down From Escalating Tariff Threats Published Mar 11, 2025 5:14 PM by The Maritime Executive   After days of back-and-forth threats, the White House and the premier of Ontario, Canada backed down from steep tariff hikes that would have hit consumers on both sides of the border.  Last week, in response to Trump's ongoing tariffs on Canadian goods, Ontario Premier Doug Ford announced that he would impose tariffs of 25 percent on all exports of electricity to U.S. customers - and pledged to raise the levy or shut off power exports completely if the White... Continue Reading... More Incidents of Armed Robbery Around Singapore Strait Published Mar 11, 2025 4:32 PM by The Maritime Executive The crime wave that has been plaguing the area around the Singapore Strait in 2025 is continuing. While it remains most petty crime, robberies, the caution continues because the perpetrators appear to have become more brazen, and far more of the reports indicate the perpetrators are carrying guns or knives versus past years. After incidents in which a seafarer was injured and required a medical evacuation and others were tied up, the most recent did not include any... Continue Reading... STORIES BY CATEGORY Shipping Class Societies ABS and DNV Advance Plans for Ammonia-Cracking Bulker   An innovative project to develop a shipboard ammonia-cracking technology took a key step forward toward the vision of building a zero-emission dry bulk carrier for the copper industry. Class societies ABS and DNV working with Norway-based Pherousa Shipping and technology company Metacon have issued design Approval in Principle reporting they found “no show stopper conditions” to employing the innovative technology. Ammonia continues to draw interest with systems in development but so far it has required carbon fuel primers to... Continue Reading... More Incidents of Armed Robbery Around Singapore Strait Offshore Support Vessel to Become World’s Longest-Range Hybrid Vessel Bulker Holed in Collision on China’s Busy Yangtze Video: Sanctioned Shadow Tanker Struck by Containership off Turkey Tugs & Salvage Volgoneft Tanker Owners Face Lawsuits Over Kerch Strait Spill The owners of the riverine tankers that split up and sank in the Black Sea in December are facing multiple lawsuits as Russian government agencies try to recover the cost of cleanup from the resulting spills.  The aging tankers Volgoneft-212 and Volgoneft-239 were built under the Soviet "river-sea" fleet program, a Cold War-era drive to build up inland shipping capacity. Russian shipping experts have questioned the fleet's suitability for open-water service in Black Sea winter weather, given that... Continue Reading... Norwegian Reefer Goes Aground in the Hebrides UK Says Burning Containership is Secured as Response to Collision Continues Survey Reveals Lost Wreck of the Steamer SS Western Reserve Sounion Tanker Damaged by Houthis was Towed Through Suez Canal Government Congress Cuts Frigate and Landing Ship Programs to Fund Extra Destroyer   The House Republican caucus plans to pass a continuing resolution (CR) rather than a budget to cover the remainder of the fiscal year, a procedural option that keeps federal spending at constant levels and avoids a difficult fight over spending priorities. Overall, the proposed CR would raise defense spending by $6 billion year-on-year, roughly $16 billion below the amount needed to keep up with current levels of inflation.  The U.S. Navy has historically disliked CRs because they disrupt long-term... Continue Reading... Ontario and Washington Back Down From Escalating Tariff Threats The U.S. Navy Wants a Subsea Crawler to Defeat Sea Mines Canada Awards Contract to Start Construction of River-Class Destroyers UK Arrests Master of Boxship in Ongoing Investigation to North Sea Allision Corporate News Royal Caribbean Joins Methane Abatement in Maritime Innovation Initiative [By Methane Abatement in Maritime Innovation Initiative] Methane Abatement in Maritime Innovation Initiative (MAMII) announced Royal Caribbean Group, a vacation industry leader with a global fleet, has become the latest member to join the cross-sectoral methane abatement initiative. The company is expected to provide valuable insights and support MAMII's ongoing efforts to develop and implement effective methane emission reduction strategies across the maritime industry. Addressing methane emissions is a key priority for the sector; as transitional fuels such... Continue Reading... OSM Thome Strengthens Commitment to Maritime Education WinGD X-DF Cuts Methane Slip in Final VCR Technology Shop Tests Global Impact: Women Leaders Driving Change and Innovation at Chevron Hapag-Lloyd – Driving Sustainable Shipping with Support from StormGeo Cruise Ships Mitsui OSK Buys Second Seabourn Ship from Carnival to Grow Domestic Cruises   Japan’s Mitsui Ocean Cruises reports it has purchased a second, small luxury cruise ship from Carnival Corporation’s Seabourn Cruise Line as it seeks to expand its domestic cruise operations. The shipping major best known for its bulker operations announced plans in 2023 to diversify its business with an expansion of its cruise line which was operating a single ship. The Seabourn Sojourn (32,477 gross tons) was delivered to MOL on February 28 and immediately chartered back to Seabourn to... Continue Reading... Video: Cruise Ship Rescues Small Boat Adrift with Migrants in Caribbean The Maritime Executive's Annual Passenger Vessel Edition Available Online MSC’s First American Mega Cruise Ship Completes Sea Trials Expansion Plans as Indian Cruise Market Develops Ports Report: Russian Ballistic Missile Kills Four Seafarers in Odesa Port In posting on social media, Ukrainian authorities are reporting a deadly attack on the port of Odesa. It is being widely reported that four sailors aboard a Greek-managed bulker were killed during a Russian missile attack, a fifth crewmember injured, and an employee of the port company was also injured. The attack on Odesa comes as both sides have escalated their efforts on the front lines while the Trump administration continues to push for peace talks. Hours after... Continue Reading... ABP Plans to Build England's Biggest Floating Solar Plant German Strikes to Close Kiel Canal and Impact Port of Hamburg DP World Launches $800 Million Modern Terminal in Jeddah UK Awards $71M Grant to Create Largest Scottish Floating Wind Farm Port Join the conversation. FEATURED STORIES Colonial Oil Industries Expands Marine Fueling With New Towboat and Barge XMAR: Is Shipping Ready to Evolve with AI and Data-Driven Decision-Making? EU Can Do It! Five Simple Steps to FuelEU Maritime Compliance BLOGS Standardization is Key to Boosting Economies of Scale When a Swedish Program to Investigate Engine Room Fires was Launched Seafarers Must Adapt to the Rapid Evolution of Piracy PODCASTS In The Know Podcast 64: Tore Morten Olsen, President Maritime, Marlink In the Know 66: Montreal Port Authority's Julie Gascon on Tariffs & Trade In the Know Podcast 65: Ben Palmer, President of Inmarsat Maritime STORIES BY CATEGORY Shipping Class Societies ABS and DNV Advance Plans for Ammonia-Cracking Bulker   An innovative project to develop a shipboard ammonia-cracking technology took a key step forward toward the vision of building a zero-emission dry bulk carrier for the copper industry. Class societies ABS and DNV working with Norway-based Pherousa Shipping and technology company Metacon have issued design Approval in Principle reporting they found “no show stopper conditions” to employing the innovative technology. Ammonia continues to draw interest with systems in development but so far it has required carbon fuel primers to... Continue Reading... More Incidents of Armed Robbery Around Singapore Strait Offshore Support Vessel to Become World’s Longest-Range Hybrid Vessel Bulker Holed in Collision on China’s Busy Yangtze Video: Sanctioned Shadow Tanker Struck by Containership off Turkey Tugs & Salvage Volgoneft Tanker Owners Face Lawsuits Over Kerch Strait Spill The owners of the riverine tankers that split up and sank in the Black Sea in December are facing multiple lawsuits as Russian government agencies try to recover the cost of cleanup from the resulting spills.  The aging tankers Volgoneft-212 and Volgoneft-239 were built under the Soviet "river-sea" fleet program, a Cold War-era drive to build up inland shipping capacity. Russian shipping experts have questioned the fleet's suitability for open-water service in Black Sea winter weather, given that... Continue Reading... Norwegian Reefer Goes Aground in the Hebrides UK Says Burning Containership is Secured as Response to Collision Continues Survey Reveals Lost Wreck of the Steamer SS Western Reserve Sounion Tanker Damaged by Houthis was Towed Through Suez Canal Government Congress Cuts Frigate and Landing Ship Programs to Fund Extra Destroyer   The House Republican caucus plans to pass a continuing resolution (CR) rather than a budget to cover the remainder of the fiscal year, a procedural option that keeps federal spending at constant levels and avoids a difficult fight over spending priorities. Overall, the proposed CR would raise defense spending by $6 billion year-on-year, roughly $16 billion below the amount needed to keep up with current levels of inflation.  The U.S. Navy has historically disliked CRs because they disrupt long-term... Continue Reading... Ontario and Washington Back Down From Escalating Tariff Threats The U.S. Navy Wants a Subsea Crawler to Defeat Sea Mines Canada Awards Contract to Start Construction of River-Class Destroyers UK Arrests Master of Boxship in Ongoing Investigation to North Sea Allision Corporate News Royal Caribbean Joins Methane Abatement in Maritime Innovation Initiative [By Methane Abatement in Maritime Innovation Initiative] Methane Abatement in Maritime Innovation Initiative (MAMII) announced Royal Caribbean Group, a vacation industry leader with a global fleet, has become the latest member to join the cross-sectoral methane abatement initiative. The company is expected to provide valuable insights and support MAMII's ongoing efforts to develop and implement effective methane emission reduction strategies across the maritime industry. Addressing methane emissions is a key priority for the sector; as transitional fuels such... Continue Reading... OSM Thome Strengthens Commitment to Maritime Education WinGD X-DF Cuts Methane Slip in Final VCR Technology Shop Tests Global Impact: Women Leaders Driving Change and Innovation at Chevron Hapag-Lloyd – Driving Sustainable Shipping with Support from StormGeo Cruise Ships Mitsui OSK Buys Second Seabourn Ship from Carnival to Grow Domestic Cruises   Japan’s Mitsui Ocean Cruises reports it has purchased a second, small luxury cruise ship from Carnival Corporation’s Seabourn Cruise Line as it seeks to expand its domestic cruise operations. The shipping major best known for its bulker operations announced plans in 2023 to diversify its business with an expansion of its cruise line which was operating a single ship. The Seabourn Sojourn (32,477 gross tons) was delivered to MOL on February 28 and immediately chartered back to Seabourn to... Continue Reading... Video: Cruise Ship Rescues Small Boat Adrift with Migrants in Caribbean The Maritime Executive's Annual Passenger Vessel Edition Available Online MSC’s First American Mega Cruise Ship Completes Sea Trials Expansion Plans as Indian Cruise Market Develops Ports Report: Russian Ballistic Missile Kills Four Seafarers in Odesa Port In posting on social media, Ukrainian authorities are reporting a deadly attack on the port of Odesa. It is being widely reported that four sailors aboard a Greek-managed bulker were killed during a Russian missile attack, a fifth crewmember injured, and an employee of the port company was also injured. The attack on Odesa comes as both sides have escalated their efforts on the front lines while the Trump administration continues to push for peace talks. Hours after... Continue Reading... ABP Plans to Build England's Biggest Floating Solar Plant German Strikes to Close Kiel Canal and Impact Port of Hamburg DP World Launches $800 Million Modern Terminal in Jeddah UK Awards $71M Grant to Create Largest Scottish Floating Wind Farm Port MORE STORIES BY CATEGORY Offshore Migrants Rescued After Seeking Shelter on Mediterranean Oil Platform A group of migrants was rescued after spending four days on a Mediterranean gas platform. One of the NGOs active in the region, the Berlin-based Sea-Watch, finally intervened and with permission from Italy landed 32 survivors and one deceased individual. It was the second incident with the same platform in the past three years. The drama began on Saturday, March 1 when the NGO’s patrol aircraft Seabird which monitors the flow of migrants in the Mediterranean reported it had... Continue Reading... Australia Advances Offshore Wind Energy Granting Two Feasibility Licenses Venezuelan Navy Approaches Exxon FPSO Off Guyana Massachusetts Offshore Wind Farm Postponed Four Years Due to Uncertainties BP Slashes Renewables Investments to Refocus on Oil and Gas Shipbuilding Austal Issues Shares to Raise Capital for Alabama Yard Expansion   Austal Ltd., the Australian parent company of defense shipbuilder Austal USA, has announced a capital raise of as much as US$140 million to pay for the expansion of its main shipyard in Mobile, Alabama.  Austal USA is the core of Austal Ltd.'s enterprise, and it is rapidly growing to meet the needs of its primary customer, the U.S. Navy. It holds contracts for an array of smaller auxiliary vessels, along with a large-scale subcontract award for module construction to... Continue Reading... China Calls on US to Stop “Wrongdoings” Over Proposed Fees on Chinese Ships Canada Confirms Second Polar Icebreaker Order with Quebec’s Chantier Davie Jan Allman Returns to Her Post as CEO of Fincantieri Marinette Marine CMA CGM Orders Electric Inland Container Barge for Nike Goods in Vietnam Environment China's Huge Fisheries Law Overhaul Could Make Fleet More Sustainable d [By Regina Lam] Nearly 16 million people in China depend on fisheries production for their livelihoods. A massive overhaul of the law governing their work, unveiled in December 2024, could impact all of them. China’s current fisheries law came into force in 1986. The amendments proposed to it last year are the most extensive since 2000, Zhang Yanxuedan, an associate professor at Shanghai Ocean University’s College of Marine Culture and Law, told Dialogue Earth. That revision 25 years ago brought in a system of management based... Continue Reading... EU Audit Finds Polluting Ships “Slip Through the Net” with Lax Enforcement Fortescue Brings Ammonia-Powered PSV to UK Ahead of IMO Meetings Thailand's Legal Reforms Could Bring Back "Bad Old Days" for Fishing EU’s New Clean Industry Deal Includes Push for Alternative Fuels Business Hapag-Lloyd Advances Terminal Strategy Acquiring Stake in Le Havre, France Hapag-Lloyd has become the latest of the major carriers to move forward with a strategy to expand its shoreside operations by growing its terminal portfolio. After launching an independent terminal company in 2023, Hapag-Lloyd reports it has acquired a controlling interest in one of the independent terminals in Le Havre, France. Hanseatic Global Terminals, a wholly owned subsidiary based in Rotterdam, was announced in July 2024. Hapag said at the time the aim was to increase operational efficiency... Continue Reading... In The Know Podcast 64: Tore Morten Olsen, President Maritime, Marlink Innovations in Maritime Fluid Technology for a Low-Carbon Future CMA CGM Group Plans $20 Billion Investment in U.S. Maritime and Logistics Lauritzen Bulkers Buys Canadian Breakbulk Firm and Looks to Positive 2025 SUBSCRIPTIONS SUBSCRIBE Print Digital Newsletter Renew Subscribe Now Maritime Industry Conferences and Events Select any month to view events: March April May June July August September October November December January February Loading More news About Us Advertise Newsletter Contact Us Privacy Policy Site Map News Features Podcasts Magazine Newsletter Jobs Piracy News Shipbuilding News Cruise Ship News Ports News Salvage News Training News Government News Environment News Corporate News Subscribe © Copyright 2025 The Maritime Executive, LLC. All rights reserved.
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