Damen Restructures and Appoints New CEO
Arnout Damen By The Maritime Executive 12-23-2019 03:46:29 As of January 1, Arnout Damen will become the new CEO of Damen Shipyards Group. The shipbuilding company will also switch to a divisional structure. Arnout Damen takes over from René Berkvens, who has been the CEO of Damen Shipyards Group for more than 13 years. “We […]
Svitzer Acquires Port Towage Amsterdam
By The Maritime Executive 12-22-2019 06:37:36 Global marine services company Svitzer has acquired Port Towage Amsterdam (PTA). PTA was formed in 2014 as a joint venture between Svitzer and Iskes Towage and Salvage, and Svitzer expects to take complete ownership during January 2020. The deal sees Svitzer taking over more than 30 employees, including crew […]
European Ports Support Plan for Climate Neutral Continent
file photo By The Maritime Executive 12-19-2019 04:48:08 The European Sea Ports Organisation (ESPO) has welcomed Europe’s ambition to become the world’s first climate neutral continent by 2050, as proposed in the European Green Deal published on December 11. In the coming weeks, ESPO and its members will put forward concrete proposals on how to […]
A.P. Moller – Maersk Announces New Executive Board
By The Maritime Executive 2019-12-17 19:24:29 A.P. Moller – Maersk has changed the structure of its Executive Board by appointing Vincent Clerc as CEO of Ocean and Logistics and Henriette Hallberg Thygesen as CEO of Towage, Manufacturing & Others. A.P. Moller – Maersk has spent several years moving away from being a diversified conglomerate by […]
LNG-Fueled Transport Planned for the Amazon Basin
By The Maritime Executive 2019-12-13 17:49:17 Hidrovias do Brasil and Robert Allan Ltd. have formed a partnership to pioneer LNG for South America’s inland navigation. The project, focused on the Amazon Basin, forecasts the development of LNG river convoys and the intention on deployment of the first fully electric pushboat in the world. Hidrovias do […]
Maersk Opens Logistics Center in North Vietnam
By The Maritime Executive 2019-12-12 18:50:22 Maersk has launched a new logistics center in Bac Ninh, North Vietnam, after significant trade growth in the region. Constructed by Mapletree Logistics Park Bac Ninh Phase 3, the 11,000 square-meter warehouse is located inside the VSIP Industrial Park in Bac Ninh, within 25 kilometers of Hanoi center and […]
Iceland Moves to Limit Sulfur Emissions in Local Waters
By The Maritime Executive 2019-12-09 19:39:41 Iceland has amended regulations to lower the permissible sulfur content of marine fuels used in its territorial sea and internal waters from 3.5 to 0.1 percent on January 1, 2020. Further out to sea and outside of territorial waters, the sulfur content cannot exceed 0.5 percent as part of […]
Vineyard Wind Selected for Connecticut Offshore Wind Project
Credit: Vineyard Wind By The Maritime Executive 2019-12-07 20:32:23 The Connecticut Department of Energy and Environmental Protection has announced that Vineyard Wind has been selected to advance to contract negotiations with the state’s electric distribution companies to provide 804MW of offshore wind through the development of the Park City Wind Project. The Park City […]
Ship Finance Update: Many Choices, Few Options
Copyright Karatzas Images By Basil Karatzas 2019-12-04 17:09:17 Ever since the market collapsed in 2008 and banks active in the shipping industry experienced heavy losses, many have been expecting a changing landscape (or is it “seascape”?) in shipping finance. Shipping banks have traditionally financed ship owners and provided most of the funding to the industry, […]
Ten Trends to Bring Humanity “Technological Bliss”
Images courtesy of DNV GL By The Maritime Executive 2019-12-03 17:29:25 A new report from DNV GL has identified 10 technology trends, and their associated risks, that will shape industry and society in the coming decade. The rapid advancement of digitalization is behind many of the trends. The relationship between humans and technology is switching, […]
