AD Ports Group to identify maritime development opportunities in Madagascar

Mohamed Eidha Al Menhali, Regional CEO of the AD Ports Group, and Josielle Rafidy, General Manager of the Economic Development Board of Madagascar, at the signing of a memorandum of understanding on exploration of maritime development opportunities in Madagascar, May 30, 2024

UAE port operator the AD Ports Group and the Economic Development Board of Madagascar have entered into a memorandum of understanding (MOU) regarding the identification of commercial opportunities across the maritime, industry, and logistics sectors in Madagascar. Under the terms of the MOU, both...

https://www.bairdmaritime.com/shipping/ports/ad-ports-group-to-identify-maritime-development-opportunities-in-madagascar/

Houthi missiles damage bulker in latest attack on Red Sea shipping

The Marshall Islands-flagged bulk carrier Laax after suffering damage caused by missiles fired from within Yemen, May 28, 2024

US Central Command (CENTCOM) and UK Maritime Trade Operations (UKMTO) have both reported an incident wherein a commercial vessel suffered damage after being struck by missiles fired from Houthi-controlled areas in Yemen on Tuesday, May 28. The attack occurred between 12:05 and 13:40 local time on...

https://www.bairdmaritime.com/shipping/dry-cargo/bulkers/houthi-missiles-damage-bulker-in-latest-attack-on-red-sea-shipping/

Italian shipbuilder opens Saudi Arabia subsidiary

Pierroberto Folgiero, Fincantieri's CEO and Managing Director, speaking at the Fincantieri Industrial Conference recently held in Saudi Arabia

Italian shipbuilder Fincantieri has established a new subsidiary in Saudi Arabia to expand its reach to customers in the cruise, offshore, and maritime security sectors. Fincantieri Arabia will promote Fincantieri’s capabilities in shipbuilding, maritime equipment and systems, and naval logistic support services, including training and simulation. The subsidiary will also coordinate stakeholder relationships in Saudi […]

The post Italian shipbuilder opens Saudi Arabia subsidiary appeared first...

https://www.bairdmaritime.com/security/naval/naval-ships/italian-shipbuilder-opens-saudi-arabia-subsidiary/

COLUMN | A brave new world for aircraft carriers? [Naval Gazing]

The U.S. Navy aircraft carrier USS Gerald R. Ford steams the Atlantic Ocean during a simulated straits transit with the Gerald R. Ford Carrier Strike Group (GRFCSG), October 9, 2022.

Many maritime pundits these days express the view that aircraft carriers are doomed. The ships are too large, too vulnerable, and increasingly irrelevant, they say. Others, however, opine that with their long range, sustainable high speed, endurance, hitting power, and surveillance and command and...

https://www.bairdmaritime.com/security/naval/naval-ships/column-a-brave-new-world-for-aircraft-carriers-naval-gazing/

Companies that own and operate oil tanker plead guilty to environmental crimes in US

The oil tanker PS Dream

The US Department of Justice reports that two related companies that operated the motor tanker PS Dream – Prive Overseas Marine and Prive Shipping Denizcilik Ticaret – have pleaded guilty to conspiracy, knowingly violating the Act to Prevent Pollution from Ships (APPS), and obstruction of justice...

https://www.bairdmaritime.com/shipping/tankers/companies-that-own-and-operate-oil-tanker-plead-guilty-to-environmental-crimes-in-us/

COLUMN | See you in court, part 57: Dolphin Drilling; Seatrium; Bourbon; Zachry Holdings [Offshore Accounts]

“See you in court!” is a familiar refrain and one we have often used as a headline. Offshore companies seem to get embroiled in contract disputes that end up in lengthy and expensive arbitration, or in commercial court disputes, just too often. I find it hard to believe that if this column covered...

https://www.bairdmaritime.com/offshore/column-see-you-in-court-part-57-dolphin-drilling-seatrium-bourbon-zachry-holdings-offshore-accounts/