Wednesday, January 21, 2026
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Spanish shipyard

AD Ports Buys Spanish Shipyard Astilleros Balenciaga

Published Jan 20, 2026 8:38 PM by The Maritime Executive

The Abu Dhabi-based AD Ports acquired a Spanish shipyard as part of its effort to expand in the Mediterranean and serve the offshore operations sector. The reports indicate that it paid €11.2 million ($13.1 million) for 100 percent ownership of Astilleros Balenciaga, based on the northern coast of Spain near Bilbao. The shipyard, which traces its origins to 1921, will now be known as Balenciaga Shipyard. AD Ports acquired the yard for its Safeen Drydocks subsidiary, which is part of...

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Mys Zhelaniya at Archangelsk, 2024 (VesselFinder)

Sanctioned Russian Military Cargo Ship Shows Up in Libya

Published Jan 20, 2026 7:49 PM by The Maritime Executive

A sanctioned Russian military cargo vessel has appeared in Libya after a closely-watched voyage through the Baltic and the English Channel. The Mys Zhelaniya, a 17,000 dwt geared freighter, has been spotted by satellite alongside at Tobruk, a port controlled by the militia forces of Libyan-American warlord Khalifa Haftar. Mys Zhelaniya started her voyage at the port of Baltiysk in the Russian exclave of Kaliningrad. Baltiysk is an important naval base for the Russian Baltic Fleet, and its port activity...

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Iranian speed boats

India Says Iran has Not Permitted Contact with Crew of Seized Tanker

Published Jan 20, 2026 7:26 PM by The Maritime Executive

India’s Embassy and Consulate in Iran went public with their complaint that Iranian authorities have not permitted consular access to the crew of a small product tanker that was seized a month ago, accused of smuggling. The public statement posted on X came after the families of the 16 crewmembers made a personal appeal to India’s Prime Minister Narendra Modi. According to the Embassy, Iranian authorities notified them in mid-December that the tanker Valiant Roar (13,754 dwt) had been stopped...

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Knut Orbeck Nilssen

Knut Orbeck-Nilssen Fills Top Role at DNV During Remi Eriksen's Absence

Published Jan 20, 2026 6:33 PM by The Maritime Executive

DNV Maritime chief Knut Orbeck-Nilssen is stepping in temporarily to take on the role of group president and CEO across all of the class society's business lines. Longtime CEO Remi Eriksen has been diagnosed with cancer, and will be taking off seven months for treatment and recuperation. “It’s with great respect and humility that I step in for Remi during his absence. DNV’s strategy and commitments remain unchanged, and we will continue to deliver for our customers and partners without...

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Offshore

offshore wind farm

Vattenfall Finalizes Investment for Germany’s Largest Offshore Wind Project

Offshore wind energy developer Vattenfall confirmed that it is moving forward with the Nordlicht offshore wind cluster. With construction due to start later this year, the two-phase project will become the largest wind project for Germany and a key contributor as the country struggles to accelerate development in the offshore wind energy sector. The permit issued by the Federal Maritime and Hydrographic Agency (BSH) has become irrevocable, making the final step to move forward with the project. Vattenfall had announced...

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Shipbuilding

Spanish shipyard

AD Ports Buys Spanish Shipyard Astilleros Balenciaga

The Abu Dhabi-based AD Ports acquired a Spanish shipyard as part of its effort to expand in the Mediterranean and serve the offshore operations sector. The reports indicate that it paid €11.2 million ($13.1 million) for 100 percent ownership of Astilleros Balenciaga, based on the northern coast of Spain near Bilbao. The shipyard, which traces its origins to 1921, will now be known as Balenciaga Shipyard. AD Ports acquired the yard for its Safeen Drydocks subsidiary, which is part of...

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Environment

wing sail on MR tanker

HMM and HD KSOE Start Demonstration and Testing of Wing Sail on Tanker

South Korea’s HD Korea Shipbuilding & Offshore Engineering and HMM are starting a demonstration and test period for Korea’s first domestically developed wing sail for wind-assisted propulsion. The shipbuilder has been developing its version of the technology as part of its efforts to advance value-added, green ship designs and technology. The wing sail was recently installed on the product tanker Oriental Aquamarine (50,000 dwt). The vessel was built in 2020 and has been owned by HMM since 2023. Registered in...

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Business

Knut Orbeck Nilssen

Knut Orbeck-Nilssen Fills Top Role at DNV During Remi Eriksen's Absence

DNV Maritime chief Knut Orbeck-Nilssen is stepping in temporarily to take on the role of group president and CEO across all of the class society's business lines. Longtime CEO Remi Eriksen has been diagnosed with cancer, and will be taking off seven months for treatment and recuperation. “It’s with great respect and humility that I step in for Remi during his absence. DNV’s strategy and commitments remain unchanged, and we will continue to deliver for our customers and partners without...

Continue Reading...