Report: Vessel Captured off Fujairah is a Floating Armory

Europe Doubles Down on the Arctic to Bypass Risky Red Sea Internet Route

Published May 14, 2026 7:08 PM by The Maritime Executive

With growing instability in the Middle East, the European Union (EU) is considering using the Arctic as a bypass for its internet traffic. Over the past decade, Europe has been investigating the viability of the Arctic as a secure digital corridor. The war with Iran has accelerated these efforts, at a time when network engineers have already expressed concerns over the security of subsea cables in the Red Sea and the Persian Gulf regions. Currently, around 90 percent of Europe’s...

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

Published May 14, 2026 6:56 PM by The Maritime Executive

Viking Holdings, a cruise company that has grown to be a leader in the premium market for river, ocean, and exploration voyages, announced its management succession that sees founder and well-known CEO Torstein Hagen transition to the role of Executive Chairman. He will be succeeded by long-time financial executive Leah Talactac as President and Chief Executive Officer as the company continues on a strong growth path. The company reported strong financial results today, driven by improved net yields, a strong...

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

Published May 14, 2026 6:26 PM by The Maritime Executive

The French Navy FS Charles de Gaulle (R91) Carrier Strike Group (CSG) appears to have come safely through the Strait of Bab el Mandeb and is now at the French naval base in Djibouti. The French Navy operates a tighter release of operational information than most other Western navies, creating a news vacuum which fake news generators seem keen to create confusion with. However, there was no disguising the FS Charles de Gaulle as it went through the Suez Canal...

ICTSI Challenges Costa Rica’s Port Concession Awarded to Maersk and Hapag

Published May 14, 2026 5:31 PM by The Maritime Executive

The long-running efforts to select a new concession operator for Costa Rica’s main port and to modernize the operations have hit a new snag after the Philippines’ ICTSI (International Container Terminal Services) filed a challenge to the tender process. The Comptroller General of the Republic of Costa Rica announced on Tuesday that it has accepted the two appeals and will start a review process. The Costa Rican Institute of Pacific Ports (INCOP) had announced in March that it had selected...

Shipping

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

China’s Ministry of Transport announced it has issued fines against a total of nine international container shipping lines, as well as seven of its domestic non-vessel operation common carriers (NVOCC) for what it terms freight rate violations. The Ministry said carriers and NVOCCs should see this as a warning to improve their systems. Among the carriers being targeted as industry leaders are MSC Mediterranean Shipping Company, CMA CGM Group, Hapag-Lloyd, Ocean Network Express, and Evergreen Karine. Also listed for the...

Tugs & Salvage

Report: Vessel Captured off Fujairah is a Floating Armory

The vessel hijacked early Thursday off the port of Fujairah was a floating armory, according to maritime security consultancy Vanguard Tech. The consultancy identified the vessel as the Honduran-flagged "fishing support vessel" Hui Chuan, which - per a report from the company security officer - had been operating as a floating armory in the Gulf of Oman. The vessel was boarded by unauthorized personnel while anchored about 38 nm to the northeast of Fujairah, towards the eastern entrance to the...

Government

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

The U.S. Coast Guard received a challenging and unusual assignment last weekend: to seize, secure and search a sailboat off Florida in connection with a high profile missing-person case. Last month, married couple Brian and Lynette Hooker were on a trip through the Bahamas aboard their sail cruising yacht, Soulmate. On the night of April 4, Lynette Hooker disappeared; Mr. Hooker arrived on shore and reported her absence in the early hours of April 5. No indications of Lynette Hooker's...

Corporate News

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

[By: Foreship] Foreship, RINA’s marine consulting company, has been a key force behind the creation of the very first Four Seasons Yacht, bringing its world-renowned expertise in cruise ship design to one of the most anticipated ultraluxury vessels of the decade. Beginning its work in 2019, Foreship helped shape the project from initial vision to technical reality, ensuring that the yacht’s bold design ambitions were matched by uncompromising engineering standards. The company worked alongside shipowner and operator Marc Henry Cruise...

Cruise Ships

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

Ports

ICTSI Challenges Costa Rica’s Port Concession Awarded to Maersk and Hapag

Shipping

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

Tugs & Salvage

Report: Vessel Captured off Fujairah is a Floating Armory

Government

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Corporate News

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

Cruise Ships

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

Ports

ICTSI Challenges Costa Rica’s Port Concession Awarded to Maersk and Hapag

Offshore

Turkey Defines Areas for First Offshore Wind Energy Auction

The Turkish government is pushing forward with its efforts to launch its first offshore wind energy tender in 2026. They defined the first zones that will be offered as the country continues to expand its onshore use of wind energy as part of its overall renewable energy strategy. The Ministry of Energy and Natural Resources posted the country’s first offshore wind Renewable Energy Resource Areas (YEKA) on its website. It reports that, as a result of studies it has conducted,...

Shipbuilding

HMS Venturer, one of the two affected ulls, rolls out in preparation for launch (Babcock press handout)

Babcock Runs Into Costly Rework Issues in Type 31 Program

On Wednesday, British defense shipbuilder Babcock told its investors that it would be taking a steep charge due to rework on the first two hulls in the Type 31 frigate class. The Type 31 is a much-needed replacement for the Royal Navy's aging Type 23, and Babcock said that the extra effort is interfering with productivity. In a regulatory filing, Babcock said that it is experiencing higher than planned amounts of rework, and at a later stage of construction completion...

Environment

IMO Adopts World’s Largest Emission Control Area and Other Issues at MPEC

While much of the Marine Environment Protection Committee (MPEC 84) was bogged down with political positioning and stalling tactics, the International Maritime Organization (IMO), however, reports decisions on a number of key initiatives, including the North-East Atlantic Control Area (ECA) as well as efforts on plastics and ballast water. The new Atlantic ECA is being billed as the world’s largest emission control area, extending the efforts in Northern Europe with a far broader reach. The efforts for the ECA had...

Business

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration

In a blow for green shipping, the e-fuel maker Liquid Wind AB has entered bankruptcy administration and will be sold off, raising questions about the future of its methanol plant project pipeline. The industry already faces a supply shortage, and it is as-yet unclear where adequate quantities of e-fuels will come from in order to power shipping's green transition. Liquid Wind is a specialist in e-methanol, an energy storage process that takes renewable energy and uses it to create a...

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Report: Vessel Captured off Fujairah is a Floating Armory

Europe Doubles Down on the Arctic to Bypass Risky Red Sea Internet Route

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

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

ICTSI Challenges Costa Rica’s Port Concession Awarded to Maersk and Hapag

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

Report: Vessel Captured off Fujairah is a Floating Armory

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

ICTSI Challenges Costa Rica’s Port Concession Awarded to Maersk and Hapag

SNAME: The Quiet Engine Behind Shipbuilding

How Port Everglades is Meeting the Travel Momentum Moment

What Maritime Transition Means in Practice?

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

Report: Vessel Captured off Fujairah is a Floating Armory

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

ICTSI Challenges Costa Rica’s Port Concession Awarded to Maersk and Hapag

Turkey Defines Areas for First Offshore Wind Energy Auction

Babcock Runs Into Costly Rework Issues in Type 31 Program

IMO Adopts World’s Largest Emission Control Area and Other Issues at MPEC

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration

Maritime Industry Conferences and Events

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