Thursday, January 02, 2025
Media Kit
UDP grain vessels unloading in Constanta Feb 2024

Success of Ukraine's Black Sea Corridor Puts Danube Back in Second Place

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FuelEU Maritime Regulation Enters Into Force

Published Jan 1, 2025 6:43 PM by The Maritime Executive

  On January 1, the European Union's new carbon-intensity mandate - FuelEU Maritime - entered into force, requiring European shipping interests to make hard choices about fuel-efficiency and low-carbon propulsion. Compliance options include paying more taxes, cutting down fuel consumption or switching to reduced-emissions fuel sources.  To help achieve its emissions goals for shipping, the EU has imposed a schedule of progressively-higher fees on emissions per tonne of transport work for ships over 5,000 GT. The fee structure is part...

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Finnish forces boarded the Eagle S at sea in a tactical operation Dec. 25 (Finnish Border Guard)

Seven Crewmembers From Suspect Tanker Banned From Leaving Finland

Published Jan 1, 2025 5:49 PM by The Maritime Executive

  Seven crewmembers of the tanker Eagle S, which allegedly damaged subsea infrastructure in the Baltic last week, have been banned from leaving Finland and are suspected of committing a crime. The travel ban allows the suspects to remain working aboard the ship, unlike an arrest.   "The police have an interest in securing the preliminary investigation and ensuring that the parties involved remain reachable during the investigation. However, the investigation is ongoing and the situation is becoming more specific,...

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USS Carl Vinson

First U.S. Carriers in 12 Years Visit Malaysia to Strengthen Bilateral Ties

Published Jan 1, 2025 4:02 PM by The Maritime Executive

The second U.S. aircraft carrier in just over a month is wrapping up a visit to Port Klang, Malaysia marking the first time in 12 years the U.S. has made port calls in the country. It marks the restoration of port calls after the infamous “Fat Leonard” scandal in which a Malaysian uses bribes and favors to win lucrative Navy supply contracts and comes as the U.S. seeks to strengthen ties in response to China’s continued regional ambitions....

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Abd al Kuri, Sentinel-2

Mysterious Airfield on Gulf of Aden is Nearly Complete

Published Jan 1, 2025 3:51 PM by The Maritime Executive

  As the risk grows of further escalation of the conflict over Yemen and its surrounding sea channels, Israel has begun to broaden its attacks on the Houthis to include ports and supply chains stretching back into Iran. Some commentators have urged that a complete blockade be imposed on Houthi-controlled Yemen, with the interdiction of all sea and air traffic between Iran and Yemen. Others in Israel have suggested that associated targets within Iran should also be considered in scope. If...

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Offshore

offshore wind farm

New Jersey Offshore Wind Project Seeks Further 5-Month Planning Delay

New Jersey’s offshore wind project known as Leading Light is again seeking a delay in the process as it works to address challenges in the industry supply chain. According to a report from the Associated Press, the project which is being led by Chicago-based Invenergy and energyRE, has asked the New Jersey Board of Public Utilities for a delay in the planning process till May 2025. The company received a previous delay after in July 2024 it reported...

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Shipbuilding

Vietnamese built dry bulk carrier

Vietnam Completes Construction of Its Largest Bulk Carrier

Vietnamese officials were on hand for the handover of the largest dry bulk carrier ever built in a domestic shipyard. The 65,000 dwt Truong Minh Dream was hailed as a key advancement and in keeping with the government’s plans to expand shipbuilding and shipping to support the growth of the country. The vessel which measures 656 feet (approximately 200 meters) is classed by Japan’s ClassNK with officials saying it signifies the vessel meets broad international standards and can...

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Environment

Spill at Shell refinery

Shell's Singapore Refinery Suffers Second Leak in Three Months

  For the second time since October, the Shell refinery at Pulau Bukom, Singapore has sprung a leak. This time, a processing unit released oil products into the marine environment via its cooling water system.  On December 27, Shell told the Maritime and Port Authority of Singapore (MPA) and National Environment Agency (NEA) that it had shut down one of its oil processing units at the Shell Energy and Chemicals Park at Pulau Bukom because of a suspected leak. The...

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Business

Amgun

OSV Owner Vallianz Reports Ransomware Attack

  Singaporean OSV player Vallianz is the latest shipowner to be hit with a cyberattack, and has reported the details of the incident publicly. In an investor announcement filing with the Singapore Exchange (SGX), Vallianz said that it had been attacked by a ransomware hacking group. The malicious actors gained unauthorized access to the company's servers, but the intrusion was detected and the company took steps to contain and resolve the intrusion. After taking action, Vallianz determined that "there has...

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