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Journal for Maritime Executives

maritime-executive

The First True Maritime News & Business Journal for Maritime Executives

Strategies and solutions through case studies, interviews and articles that address the
most critical issues in the maritime industry today.

Only The Maritime Executive provides such depth of insight into the decision making process of industry leaders throughout the maritime world.

The Maritime Executive is the only vehicle so sharply focused to deliver essential information, news and reports from maritime decision makers to other maritime decision makers – an indispensable weapon in your arsenal for further business success in the marine industry.

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RSS Feed Press Releases

  • Paragon Offshore Announces Bankruptcy February 12, 2016
    Rig operator Paragon Offshore has announced a pre-packaged bankruptcy deal to cut one billion dollars of debt from its balance sheet. The firm skipped an interest payment in mid-January while continuing its discussions with its bondholders and lender …
  • India Seeks to Reduce Bulk Coal Shipments February 12, 2016
    India is asking the country's big steelmakers to consider converting local medium-quality coal into premium coking coal to slash an annual import bill of more than $4 billion for buying that grade from countries such as Australia and South Afric …
  • Maersk Drilling Posts Record Profit February 12, 2016
    Maersk Group has announced a sharp drop in profit for 2015, down 85 percent from 2014, with losses in the billions at its Maersk Oil subsidiary. But its rig operator, Maersk Drilling, bucked a weak offshore market to post a profit of $750 million, it …
  • NATO Maritime Forces to Target Migrant Smuggling February 12, 2016
    NATO's defense ministers have announced that they will be sending maritime assets to the Aegean Sea to help with “reconnaissance, monitoring and surveillance of illegal crossings” of migrant vessels. NATO and U.S. officials described the deploym …
  • Titanic II to Sail in 2018 February 11, 2016
    Billionaire Australian businessman Clive Palmer has announced that Titanic II will now set sail in 2018. The vessel’s maiden voyage will be from Jiangsu, China, to Dubai. Originally Titanic II was slated to make the journey from Southampton, England, …
  • SBM and Aker Announce Staff Overhead Cuts February 11, 2016
    Two offshore services firms have announced staffing cost reductions in the wake of falling rig utilization and oil prices. In its 2015 full year earnings statement, FPSO firm SBM Offshore announced earnings of $460 million, down by roughly half from …
  • Maersk to Help Ship Breakers February 11, 2016
    The Maersk Group has released a statement saying that it is determined to use its leverage to create more responsible ship recycling options. With more vessels to recycle in the future, the current cost of sustainable ship recycling is not feasible, …
  • One of Last Remaining PT Boats Will Be Restored February 11, 2016
    One of the handful of remaining wooden PT boats, made famous by their service in the Pacific in WWII, is being restored in an all-volunteer effort by the National WWII Museum. PT-305, built by Higgins Industries in New Orleans, was deployed in World …
  • IMO Video: Training for Ballast Water Sampling February 11, 2016
    The IMO has launched a video showing practical training on ballast water sampling and analysis as part of the organization’s efforts, under the GloBallast Partnerships Programme, to counter the threat to ecosystems by invasive species transported in …
  • IMO Considers Search and Rescue Management Changes February 11, 2016
    The IMO’s sub-committee on Navigation, Communications and Search and Rescue will meet on February 29, and the International Maritime Rescue Federation (IMRF) is asking the committee to consider some important changes to search and rescue requirements …
  • Blackstone Launches New Fund for Offshore Sector February 11, 2016
    Blackstone Group has launched a fund to finance the troubled offshore drilling and services sector, the U.S. private equity firm said on Thursday, anticipating a buyer's market as low oil prices set the stage for restructuring and consolidation. …
  • Search for El Faro VDR On Again February 11, 2016
    The U.S. National Transportation Safety Board has announced the launch of a second expedition to search the El Faro wreck site with the aim of finding the vessel’s voyage data recorder (VDR). The two-week search will begin in April and will also prov …
  • Carib Palm Remains Under Arrest Long After Drug Bust February 11, 2016
    The general cargo vessel Carib Palm remains detained in the French port of Boulogne-sur-Mer, two months after she was seized in the largest cocaine bust in the nation's history. The Palm was diverted to the port in December by customs police on …
  • Fishermen Rescued from Ship Fire in South Pacific February 11, 2016
    Crew members of a fishing ship that caught fire in the South Pacific on Wednesday were rescued after they abandoned their vessel, the U.S. Coast Guard said. The 42 crew members of the American Eagle, a 258-foot U.S.-flagged fishing vessel, abandoned …
  • ITF Releases Photos of Crewmen put at Risk February 11, 2016
    The International Transport Workers’ Federation (ITF) has released evidence of safety breaches on board what it calls a flag of convenience ship berthed alongside Pacific Aluminium’s new foreign charter vessel in Newcastle, Australia. The Greek owner …

RSS Feed Press Releases

  • Andy Lawrence Navigates His Way to T&T Salvage February 12, 2016
    T&T Salvage is proud to welcome Mr. Andy Lawrence to Texas.  Andy’s solid background and experience is a unique complement to T&T’s global response team where he will have the opportunity to apply his know-how and grow professionally.    “We …
  • ICS Coordinates Maritime Employers at Important ILO Meeting February 12, 2016
    The International Chamber of Shipping, as the Secretariat for the Shipowner Group at the International Labor Organization, coordinated employers’ representatives from over 20 national shipowners’ associations at the second meeting of the Special Trip …
  • Teknotherm Marine to Establish In Bergen February 12, 2016
    As part of the Teknotherm Marine strategy to become a market leader within maritime HVAC (Heating, Ventilation and Air Conditioning), a new subsidiary is established with the name Teknotherm Marine HVAC AS. The company is already up and running from …
  • Harvey Gulf Delivers North America's First LNG Marine Fueling Terminal February 12, 2016
    Harvey Gulf has once again shown its commitment to utilizing LNG as a marine fuel with the opening of the first marine LNG fueling terminal in North America.  Less than a year after the delivery of the M/V Harvey Energy, America’s first LNG-powered v …
  • Coltraco Ultrasonics CEO Receives Honorary Doctor of Science February 11, 2016
    Coltraco Ultrasonics CEO, Carl Stephen Patrick Hunter has been awarded an Honorary Doctor of Science from Durham University. Carl is a Fellow of the Institute of Marine Engineers and a Member of the Royal Aeronautical Society, The Royal Institute for …
  • Thrustmaster Expands US Inland River Service February 11, 2016
    Investing in new capital equipment, such as Z-drives for an inland towboat fleet, may seem like a formidable task. Especially after decades of conventional shaft and rudder propulsion use. Despite the evident operational benefits of Z-Drives – when a …
  • Community, Labor Leaders Named to Port of Oakland Commission February 10, 2016
    Local labor leader Andreas Cluver and long-time community leader Arabella Martinez have been appointed to the Oakland Board of Port Commissioners. They join the Board Feb. 11. The City Council appointed Mr. Cluver, Secretary-Treasurer of the Alameda …
  • Bibby Ship Management Tops Isle of Man Statistics February 10, 2016
    Bibby Ship Management is once again the largest representative for vessels flying the Isle of Man flag in providing representative services for 30% of vessel tonnage registered on the island. This compares with 25% in 2014, according to official stat …
  • Wärtsilä Fuel Flexibility Supporting Japan's 'Gas Age' Shipping Sector February 10, 2016
    A total of 16 new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä dual-fuel engines capable of running on liquefied natural gas (LNG) or conventional diesel fuels. Wärtsilä's depth of experience and techn …
  • Triangle Shipyard Delivers PETRA-1, Fast Offshore Support Vessel February 10, 2016
    UAE- based Triangle Shipyard has today completed the delivery of “PETRA-1”; the first of class and an all-new 45m Fast Offshore Support Vessel (FOSV) to the operator Marine Core & Charter. The vessel was part of a contract to build and deliver tw …
  • André Meijer Resigns as CEO of Huisman February 10, 2016
    André Meijer, CEO of offshore equipment firm Huisman, has resigned from his position at the firm, effective February 10. “I am convinced that Huisman has the capabilities and quality to continue to succeed in the future, despite the difficult trading …
  • Hullpic Conference: Next Generation Hull Performance Management February 10, 2016
    Hull performance monitoring solutions offer significant fuel savings potential, a fact that is prompting growing interest from the maritime industry. To spur development and increase awareness of this exciting field DNV GL and paint manufacturer Jotu …
  • MAN Engine to Complement Propulsion Aboard Classic Sailing Vessel February 10, 2016
    MAN Diesel & Turbo has received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defense Ministry of the Republic of Indonesia. The engine will be used to power the 110m ‘Kri Bima Suci’ and up to 200 p …
  • Hempel's Dynamic Delivers Fuel Savings for Lemissoler February 10, 2016
    Global ship management company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has achieved significant fuel savings from coating its newbuild 58,500dwt supramax bulk carriers with Hempel’s Dynamic antifouling prod …
  • WCI Reacts To President's 2017 Budget Request February 10, 2016
    Waterways Council, Inc. (WCI) reacted to the FY 2017 budget request made by President Obama earlier today, as detailed below. The budget •proposes $4.620 billion for the U.S. Army Corps of Engineers’ Civil Works program, a 29.8% cut from the $5.989 b …

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norbertomoreau

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