The Maritime Executive

The Maritime Executive

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Maritime industry and shipping economics.

U.S. Coast Guard Commissions 62nd Fast Response Cutter Honoring 9/11 Hero
NewsMay 23, 2026

U.S. Coast Guard Commissions 62nd Fast Response Cutter Honoring 9/11 Hero

The U.S. Coast Guard commissioned its 62nd Sentinel‑class Fast Response Cutter, USCGC Vincent Danz (WPC 1162), in a ceremony in New York City. The cutter, named for 9/11 hero and Coast Guard reservist Vincent Danz, will be home‑ported in Guam and tasked...

By The Maritime Executive
Singapore Issues First Authorization for Ammonia Bunkering Trials
NewsMay 22, 2026

Singapore Issues First Authorization for Ammonia Bunkering Trials

Singapore’s Maritime and Port Authority has issued the first authorization for ship‑to‑ship ammonia bunkering trials, developed by Itochu subsidiaries. The approval, effective May 15 2026 for up to two years, clears the way for a 5,000 cbm ammonia bunker vessel slated for delivery...

By The Maritime Executive
Presidential Message on National Maritime Day
NewsMay 22, 2026

Presidential Message on National Maritime Day

President Joe Biden marked National Maritime Day by honoring the U.S. Merchant Marine’s 250‑year legacy and pledging to restore America’s maritime dominance. He referenced the historic role of merchant mariners from the Revolutionary War through World War II and emphasized their...

By The Maritime Executive
NATO Monitors Russian Surveillance Ship Loitering Near NATO Exercise
NewsMay 22, 2026

NATO Monitors Russian Surveillance Ship Loitering Near NATO Exercise

Dynamic Mongoose 2026, NATO’s most demanding maritime exercise, began on May 18 off Norway and runs through May 26, involving warships, submarines and aircraft from nine allies. NATO spotted the Russian intelligence‑collection vessel Yuri Ivanov, a 4,000‑ton, 95‑meter ship, loitering near the fleet. The...

By The Maritime Executive
Dali Civil Trial to Begin June 1 After Judge Denies Motion to Delay
NewsMay 21, 2026

Dali Civil Trial to Begin June 1 After Judge Denies Motion to Delay

A U.S. District Court judge denied Grace Ocean and Synergy Marine's request to postpone the civil liabilities trial over the Dali containership, setting the start date for June 1. The companies argued that recent criminal indictments and reluctant witnesses warranted a...

By The Maritime Executive
Nigerian Ports Blocked by Collision Between Maersk Feeder and Small Tanker
NewsMay 21, 2026

Nigerian Ports Blocked by Collision Between Maersk Feeder and Small Tanker

A Maersk feeder containership, the 23,359‑dwt Maersk Valparaiso, ran aground after colliding with the small tanker Lady Martina in Nigeria’s Bonny Channel. The incident has blocked access to both Port Harcourt and Onne’s West Africa Container Terminal, halting vessel movements. Five crew...

By The Maritime Executive
Med-Mooring Dispute Interrupts Cargo Deliveries to U.S. Virgin Islands
NewsMay 20, 2026

Med-Mooring Dispute Interrupts Cargo Deliveries to U.S. Virgin Islands

The U.S. Coast Guard barred the small cargo vessels Water Spirit 2 and Admiral Pride from med‑mooring at San Juan’s Pier 10, citing navigation safety concerns. The ban, effective April 30, carries potential civil fines of up to $120,000 per day for non‑compliance. The...

By The Maritime Executive
Two Container Feeders Collide in East Kalimantan
NewsMay 20, 2026

Two Container Feeders Collide in East Kalimantan

Two Indonesian container feeders, Meratus Kolaka and Spil Ratna, collided on the Mahakam River in East Kalimantan on May 13. The vessels, each about 8,000 dwt, suffered hull damage above the waterline, and eight containers fell overboard. No injuries, spills, or pollution were reported....

By The Maritime Executive
Helm Operations Receives U.S. Coast Guard Recognition for Digital Logbook
NewsMay 18, 2026

Helm Operations Receives U.S. Coast Guard Recognition for Digital Logbook

Helm Operations announced that its Helm CONNECT Logbook has earned official recognition from the U.S. Coast Guard, confirming the solution meets federal record‑keeping standards for commercial vessels. The digital logbook offers a fully compliant alternative to traditional paper logs, enabling real‑time data...

By The Maritime Executive
Research Partnership to Quantify Efficacy Maritime Training Immersive Tech
NewsMay 16, 2026

Research Partnership to Quantify Efficacy Maritime Training Immersive Tech

A nine‑month research partnership led by the University of Plymouth, Odesa National Maritime University and Kilo Solutions will evaluate immersive VR training for maritime bridge teams using Kilo’s VASCO simulator. The project creates a rubric‑based assessment framework to measure decision‑making,...

By The Maritime Executive
Polish Shipping Association Joins the International Chamber of Shipping
NewsMay 16, 2026

Polish Shipping Association Joins the International Chamber of Shipping

Polish Shipping Association (PSA) has joined the International Chamber of Shipping (ICS) as a full member, gaining seats on the board and committees. The PSA represents Poland’s shipowners and contributes roughly $3.8 billion in gross value added to the Polish economy....

By The Maritime Executive
French Carrier Charles De Gaulle Safely Transits Strait of Bab El Mandeb
NewsMay 14, 2026

French Carrier Charles De Gaulle Safely Transits Strait of Bab El Mandeb

The French Navy’s nuclear carrier Charles de Gaulle safely navigated the Bab el‑Mandeb Strait and is now anchored at Djibouti’s naval base. The transit, accompanied by a replenishment oiler, an anti‑submarine destroyer and likely additional warships, passed without comment from...

By The Maritime Executive
Report: Vessel Captured Off Fujairah Is a Floating Armory
NewsMay 14, 2026

Report: Vessel Captured Off Fujairah Is a Floating Armory

Maritime security firm Vanguard Tech confirmed that the vessel seized 38 nm northeast of Fujairah was the Honduran‑flagged fishing support ship Hui Chuan, operating as a floating armory in the Gulf of Oman. Unauthorized boarders boarded the anchored vessel and steered it into...

By The Maritime Executive
China Fines MSC, CMA CGM, and Hapag, and Warns on Freight Rate Violations
NewsMay 14, 2026

China Fines MSC, CMA CGM, and Hapag, and Warns on Freight Rate Violations

China’s Ministry of Transport announced fines against nine international container shipping lines—including MSC, CMA CGM, and Hapag‑Lloyd—and seven domestic NVOCCs for violating freight‑rate filing rules. The penalties follow inspections at Guangzhou, Qingdao and Ningbo ports conducted in August, September and November...

By The Maritime Executive
Ukraine Strikes Black Sea Oil Terminals as Russia Unleashes Drone Barrage
NewsMay 14, 2026

Ukraine Strikes Black Sea Oil Terminals as Russia Unleashes Drone Barrage

Ukraine’s special forces struck the Tamanneftegaz terminal on the Kerch Strait, damaging storage, transshipment and export capabilities. In response, Russia launched a record‑size drone and decoy barrage, deploying 1,428 unmanned systems over a 24‑hour period – the largest sustained attack...

By The Maritime Executive
US Moves to Further Increase Economic Pressure on Iranian Oil Trade
NewsMay 12, 2026

US Moves to Further Increase Economic Pressure on Iranian Oil Trade

The U.S. Treasury’s Office of Foreign Assets Control added 12 individuals and entities to its sanctions list on May 11, targeting front companies that facilitate IRGC oil sales to China. The measures also froze roughly $500 million in cryptocurrency linked to the...

By The Maritime Executive
Canada to Discontinue Construction of Nanisivik Arctic Naval Facility
NewsMay 12, 2026

Canada to Discontinue Construction of Nanisivik Arctic Naval Facility

Canada has halted construction of the Nanisivik Arctic naval refueling station after cost overruns and technical setbacks made the project untenable. Ottawa has already spent roughly $70 million CAD (about $51 million USD) and faces remediation expenses estimated at $180 million CAD (≈$130 million...

By The Maritime Executive
Podcast: Port Everglades CEO Joseph Morris on Seatrade Cruise and IPW 2026
NewsMay 12, 2026

Podcast: Port Everglades CEO Joseph Morris on Seatrade Cruise and IPW 2026

Port Everglades CEO Joseph Morris highlighted a 60% rise in cruise passengers over four years, cementing the port as Florida’s third‑largest cruise hub. He discussed the port’s balanced growth strategy across cargo, energy, and passenger services. Morris also previewed the...

By The Maritime Executive
Report Speculates US or NATO Sank Russian Ship Carrying Nuclear Equipment
NewsMay 12, 2026

Report Speculates US or NATO Sank Russian Ship Carrying Nuclear Equipment

A CNN report, citing a leaked Spanish investigation, alleges that the Russian‑owned heavy‑lift vessel Ursa Major was likely sunk by a high‑speed torpedo, possibly a U.S. or NATO Barracuda, after it was found carrying components for two submarine‑type nuclear reactors. The...

By The Maritime Executive
Shipping Companies Leverage Arabian Peninsula Truck Routes to Bypass Hormuz
NewsMay 11, 2026

Shipping Companies Leverage Arabian Peninsula Truck Routes to Bypass Hormuz

The closure of the Strait of Hormuz has forced shippers to reroute cargo through the newly opened Route 95, linking Saudi Arabia’s Alkwifiriah to Oman via the Ramlet Khelah border crossing. Trade value at the crossing surged to $830 million in March, a...

By The Maritime Executive
How Port Everglades Is Meeting the Travel Momentum Moment
NewsMay 11, 2026

How Port Everglades Is Meeting the Travel Momentum Moment

Port Everglades and its tourism partner Visit Lauderdale took center stage at two marquee events—Seatrade Cruise Global in April and the U.S. Travel Association’s IPW in May—showcasing the port’s evolution from the world’s third‑busiest cruise homeport to a fully integrated...

By The Maritime Executive
China Names Largest Methanol Dual-Fuel Boxship Expanding Green Shipping
NewsMay 10, 2026

China Names Largest Methanol Dual-Fuel Boxship Expanding Green Shipping

Chinese shipbuilder COSCO Shipping christened OOCL Wisdom, the world’s largest methanol‑dual‑fuel containership at 24,168 TEU and 225,000 dwt. The vessel is the first of a 12‑ship order valued at just under $2.9 billion, slated for delivery through 2028. Equipped with dual‑fuel engines,...

By The Maritime Executive
Iranian Shadow Fleet Tanker Ablaze Off Jask
NewsMay 9, 2026

Iranian Shadow Fleet Tanker Ablaze Off Jask

Satellite imagery on May 9 shows the sanctioned Iranian tanker Sevda ablaze but still afloat 11.5 nm southeast of Bandar‑e Jask, near a newly opened Iranian naval base. A nearby 312‑meter VLCC also appears to be leaking and emitting smoke, while two additional...

By The Maritime Executive
U.S. Navy Remains Poised in the Arabian Sea
NewsMay 9, 2026

U.S. Navy Remains Poised in the Arabian Sea

New Sentinel‑2 satellite images from May 6‑7 give analysts a clear view of the U.S. Navy’s maritime posture in the Arabian Sea. The data show a carrier‑centered blockade line east of Ras Al Hadd, with two Arleigh Burke destroyers making short transits through...

By The Maritime Executive
Op-Ed: China's Gray Zone Fleet Is Undermining Taiwan's Control at Sea
NewsMay 9, 2026

Op-Ed: China's Gray Zone Fleet Is Undermining Taiwan's Control at Sea

China’s grey‑zone fleet—civilian, coast‑guard and maritime‑militia vessels—has intensified around Taiwan in 2025, moving from episodic spikes to a steady tempo of pressure. Swarms of fishing boats, sand dredgers and China Coast Guard ships are used to harass patrols, board near...

By The Maritime Executive
Executive Interview: Alexander Gumbs, CEO, Port St. Maarten Group
NewsMay 9, 2026

Executive Interview: Alexander Gumbs, CEO, Port St. Maarten Group

Alexander Gumbs, a native of St. Maarten, has led the Port St. Maarten Group as CEO since August 2021, overseeing a port that welcomes more than 1.5 million cruise passengers each year and ranks among the Caribbean’s busiest. The state‑owned, privately managed enterprise operates...

By The Maritime Executive
Iran Diverts and Seizes a Tanker Linked to Its Own Oil Industry
NewsMay 9, 2026

Iran Diverts and Seizes a Tanker Linked to Its Own Oil Industry

Iran announced the seizure of the tanker IMO 9255933, currently sailing as the Jin Li, a vessel long linked to Iran’s heavy fuel oil and condensate exports. The ship, part of Iran’s shadow fleet since 2020, was sanctioned by the U.S. Treasury...

By The Maritime Executive
Burundi’s Main Port Struggles to Recover From Flooding
NewsMay 8, 2026

Burundi’s Main Port Struggles to Recover From Flooding

Burundi is rebuilding its main port on Lake Tanganyika after floods in late 2023‑early 2024 devastated the facility. The Port of Bujumbura handles over 80% of the country’s trade and was designed for 500,000 tonnes of cargo. Flood damage caused $210 million in losses and...

By The Maritime Executive
Journey of DRAfter 2400: Med Marine Adds Powerful Touch To Sekavin's Fleet
NewsMay 8, 2026

Journey of DRAfter 2400: Med Marine Adds Powerful Touch To Sekavin's Fleet

MED Marine has delivered the DRAfter 2400 conventional tugboat to Greek operator SEKAVIN, completing the handover on 14 April after construction at EREGLI Shipyard. The 24‑metre vessel provides a 40‑tonne bollard pull, 10‑knot speed, and a crew capacity of six, enhancing SEKAVIN’s...

By The Maritime Executive
Pretrial Hearing Sets the Stage for Dali Trial to Begin June 1
NewsMay 7, 2026

Pretrial Hearing Sets the Stage for Dali Trial to Begin June 1

More than two years after the *Dali* container ship collapsed Baltimore’s Key Bridge, a bench trial is slated to start on June 1 and run for 18 days. Judge James K. Bredar will first rule on the owners’ attempt to invoke...

By The Maritime Executive
Somali Pirate Group Abandons Dhow Citing Increased Security Warnings
NewsMay 7, 2026

Somali Pirate Group Abandons Dhow Citing Increased Security Warnings

A Somali pirate cell that seized the Emirati dhow Fahad‑4 abandoned the vessel on May 4 after running low on supplies and facing intensified warnings from maritime security agencies MSCIO and Atalanta. The group had used the dhow as a mothership...

By The Maritime Executive
Amidst Ceasefire, U.S. and Iran Trade Strikes in Strait of Hormuz
NewsMay 7, 2026

Amidst Ceasefire, U.S. and Iran Trade Strikes in Strait of Hormuz

The United States carried out kinetic strikes on Iran’s Qeshm Island and the port of Bandar Abbas while a ceasefire remains in effect. Washington says the attacks do not breach the ceasefire, likening them to recent Iranian strikes on ships...

By The Maritime Executive
Falling Freight Rates Drive Maersk to Q1 Loss in Shipping Segment
NewsMay 7, 2026

Falling Freight Rates Drive Maersk to Q1 Loss in Shipping Segment

Maersk’s ocean‑shipping division recorded a $192 million EBIT loss in Q1 as freight rates fell 14% while volumes rose over 9%. The loss was driven primarily by a two‑thirds jump in bunker fuel costs, adding roughly $500 million each month. Despite the...

By The Maritime Executive
The Russian Navy Is Reestablishing Its Mediterranean Base in Syria
NewsMay 7, 2026

The Russian Navy Is Reestablishing Its Mediterranean Base in Syria

Russia is re‑establishing a permanent naval foothold in Syria’s Tartus port after months of only occasional visits. The Steregushchiy‑class corvette RFS Stoykiy has been docked in Tartus since April, signaling a shift from transient port calls to a sustained presence....

By The Maritime Executive
Mystery Deepens Over Explosion and Fire on HMM Vessel as Iran Denies Attack
NewsMay 7, 2026

Mystery Deepens Over Explosion and Fire on HMM Vessel as Iran Denies Attack

A 38,314‑dwt general cargo vessel, HMM Namu, suffered a powerful engine‑room explosion and fire while anchored off Umm Al Quwain in the UAE. The blast left the ship disabled but the 24 crew members were rescued unharmed. Initial reports blamed...

By The Maritime Executive
Kongsberg Maritime to Supply Integrated Technology Package for Svitzer
NewsMay 6, 2026

Kongsberg Maritime to Supply Integrated Technology Package for Svitzer

Kongsberg Maritime has won a contract from Cochin Shipyard to supply a fully integrated equipment and technology package for Svitzer’s next‑generation full‑electric transverse tugs. The deal covers four vessels, with options for four more, and includes DC/AC switchboards, permanent‑magnet propulsion...

By The Maritime Executive
Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard
NewsMay 6, 2026

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

German defense contractor Rheinmetall and shipping giant MSC are negotiating to acquire a majority stake in Romania’s bankrupt Mangalia shipyard, while the Romanian government will keep a minority share and provide the land and assets. The yard, valued by the...

By The Maritime Executive
Jeff Bezos Is Reported to Be Selling the World's Largest Sailing Yacht
NewsMay 6, 2026

Jeff Bezos Is Reported to Be Selling the World's Largest Sailing Yacht

Amazon founder Jeff Bezos is putting his $500 million, 417‑foot sailing megayacht Koru on the market. The vessel, built by Oceanco, is famed for its three‑masted silhouette and a gold‑trimmed wooden bust of his wife Lauren Sanchez Bezos on the prow. Koru is...

By The Maritime Executive
Iran Launches "Persian Gulf Strait Authority" To Administer Hormuz Tolls
NewsMay 5, 2026

Iran Launches "Persian Gulf Strait Authority" To Administer Hormuz Tolls

Iran has established the Persian Gulf Strait Authority (PGSA) as a single‑window entity to manage tolls for vessels transiting the Strait of Hormuz. Shipowners will receive official communications from info@PGSA.ir to align procedures and obtain transit authorizations from the Islamic...

By The Maritime Executive
IACS Finds Common Failure Modes in Emergency Generator Systems
NewsMay 5, 2026

IACS Finds Common Failure Modes in Emergency Generator Systems

Investigators of the MV Dali bridge collapse noted a delayed start‑up of the ship’s emergency generator, underscoring the critical role of automated power backup. The International Association of Class Societies (IACS) inspected roughly 37,000 vessels and found that about 2 percent (≈850...

By The Maritime Executive
Maersk Boxship Collides With Container Feeder at Chattogram
NewsMay 5, 2026

Maersk Boxship Collides With Container Feeder at Chattogram

A Maersk 2,700‑TEU boxship, Maersk Chattogram, collided with the former fleetmate HR Turag near the outer anchorage of Chattogram on Friday at about 09:30. The impact left a large gash in the starboard quarter of the Maersk vessel but left its engine...

By The Maritime Executive
Prosecutors' Report Faults Bayesian's Crew for Sinking
NewsMay 4, 2026

Prosecutors' Report Faults Bayesian's Crew for Sinking

The luxury superyacht Bayesian capsized off Sicily on August 19, 2024, killing tech billionaire Mike Lynch, his teenage daughter, and six others. Italian prosecutors commissioned a report that blames crew error—specifically underestimating a squall and failing to activate safety devices—contrasting with the...

By The Maritime Executive
RINA Expands Its Singapore Open Innovation Hub with the Support of EDB
NewsMay 4, 2026

RINA Expands Its Singapore Open Innovation Hub with the Support of EDB

RINA, the global classification and engineering firm, is expanding its Singapore Open Innovation Hub with support from the Singapore Economic Development Board. The hub will focus on digital twin technology, decarbonisation solutions, and AI‑enabled workforce training for maritime and energy...

By The Maritime Executive
IRClass Academy Holds Port Facility Security Officer Training in Mauritius
NewsMay 4, 2026

IRClass Academy Holds Port Facility Security Officer Training in Mauritius

IRClass Academy, the training arm of the Indian Register of Shipping, delivered a three‑day Port Facility Security Officer (PFSO) programme in Mauritius to support the Mauritius Port Authority’s security standards at Port Louis Harbour. The course incorporated practical, hands‑on workshops...

By The Maritime Executive
BASS Wins BW LNG Contract for BASSnet Neo Cloud-Native Solution
NewsMay 4, 2026

BASS Wins BW LNG Contract for BASSnet Neo Cloud-Native Solution

BASS Software has secured a contract with BW LNG to deploy its BASSnet Neo cloud‑native maritime ERP across the operator’s LNG carriers and FSRUs. After a global review of up to 30 solutions, BW LNG selected BASSnet Neo for its maintenance, inventory, procurement and...

By The Maritime Executive
IRGC Threatens Ships at Anchor Off Musandam Peninsula
NewsMay 4, 2026

IRGC Threatens Ships at Anchor Off Musandam Peninsula

Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy issued a repeated “serious warning” on Channel 16, ordering vessels anchored in Oman's Musandam port of Khasab to return to the Dubai anchorage. The directive also covered ships in nearby Omani ports of Mina Saqr...

By The Maritime Executive
Austal USA Starts Construction on Fifth Navy Landing Craft Utility Vessel
NewsMay 4, 2026

Austal USA Starts Construction on Fifth Navy Landing Craft Utility Vessel

Austal USA kicked off construction of LCU 1714, the fifth Landing Craft Utility vessel for the U.S. Navy, at its Mobile, Alabama shipyard on April 27, 2026. The start follows a September 2023 award of a $91.5 million contract to design and build up to...

By The Maritime Executive
Bulker Attacked by Small Craft in the Strait of Hormuz
NewsMay 3, 2026

Bulker Attacked by Small Craft in the Strait of Hormuz

A Greek‑owned bulk carrier, the Minoan Falcon, was attacked by small craft while transiting northbound in the Strait of Hormuz near Sirik, Iran. The vessel entered Iran’s 12‑mile territorial sea, reversed course and later disabled its AIS transponder. Simultaneously, Iran’s Revolutionary...

By The Maritime Executive
China’s Production Capacity for Green Fuels Reaches Eight Million Tons
NewsMay 3, 2026

China’s Production Capacity for Green Fuels Reaches Eight Million Tons

China’s National Energy Administration reported that green‑fuel production capacity now totals about 8 million tons of oil‑equivalent per year, up from traditional ethanol and biodiesel to include green ammonia and methanol. Green hydrogen capacity has surpassed 1.1 million tons, with 250,000 tons already...

By The Maritime Executive