Tuesday, May 05, 2026
Media Kit
cocaine seizure in Spain

Spanish Intercept Ship “Completely Stuffed” with Record Cocaine Load

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The dark fleet sanctioned VLCC Dore loading at the Kooh Mobarak SBM on March 7 (Sentinel-2)

Iran's Jask Oil Terminal: A Squandered $2 Billion Investment

Published May 5, 2026 2:09 PM by The Maritime Executive

President Rouhani of Iran, in his last days in office in July 2021, declared the Jask oil terminal project completed. The $2 billion project involved the construction of a 685-mile, 42-inch pipeline to bring oil from the crude collection point at Goreh in Bushehr Province to a storage facility and oil export terminal at Kooh Mobarak, 33 miles north-west of Jask in the Gulf of Oman. The opening of the project was premature, and in parliament the President was criticized...

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Trade Estonia

What Maritime Transition Means in Practice?

Published May 5, 2026 11:32 AM by Trade Estonia

Across shipping, sustainability is no longer only an environmental issue, but increasingly a question of competitiveness, resilience, and operational readiness. The real test is no longer whether the sector wants to decarbonize, but how quickly it can move from pilot projects to large-scale deployment. One of the biggest bottlenecks today lies in investment certainty, infrastructure readiness, and high costs of vessel retrofits. While ambitions are high, concrete decisions are often slowed by uncertainty around fuel pathways, regulation, and supporting infrastructure....

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Sin Nombre virus

What is Hantavirus, the Disease That Has Killed Three Cruise Passengers?

Published May 4, 2026 10:35 PM by The Conversation

[By Dr. Thomas Jeffries] Three people have died after a suspected outbreak of hantavirus on a cruise ship in the middle of the Atlantic ocean. At least one other passenger is in intensive care in South Africa. The World Health Organization announced the deaths in a social media statement on Monday, along with one confirmed case of the rare disease. Authorities are investigating another five suspected cases among passengers travelling on the MV Hondius. So, what is hantavirus? And why...

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One of the two destroyers in the operation was USS Truxton, above (USN file image)

Iran Attacked Two US Navy Destroyers During First Day of "Project Freedom"

Published May 4, 2026 10:00 PM by The Maritime Executive

Defense officials have identified the destroyers that transited the Strait of Hormuz Monday as USS Truxtun and USS Mason, according to CBS. The vessels reached the relative safety of the Arabian Gulf, but only after coming under fire, as previously confirmed by CENTCOM commander Adm. Brad Cooper. CBS obtained additional detail: Iran responded to the transit by launching missiles and drones at the warships, and it dispatched small craft to interfere with the transit. Other air defense assets were on...

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Offshore

South Korean offshore wind farm

Military Permit Derails South Korea’s Anma Offshore Wind Project

Technical hurdles have been a primary risk in the development of offshore wind projects around the world. In South Korea, however, a non-technical issue is derailing the Anma offshore wind farm, proving how regulatory barriers could affect a project already in the construction phase. Anma is a 532 MW offshore wind farm project located 24 miles west of the South Korean Peninsula’s southwestern coastline. The $3.5 billion project was one of the successful bids on the 2024 fixed-price wind power...

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Shipbuilding

Indian shipbuilding

India Moves to Accelerate Expanding Shipping Capacity by Adding 62 Vessels

India’s Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, mapped out an ambitious plan to rapidly expand the country’s domestic maritime capabilities. The government has already set a high priority on building its commercial maritime operations, and now the minister told an inter-ministerial meeting it is even more important, highlighted by the recent global situation. The Minister said that the hostilities in the Middle East and the closing of the Strait of Hormuz had further highlighted the vulnerabilities and the...

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Environment

ship emitting smoke

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...

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Business

dry bulk carrier

Diana Shipping Increases Pressure on Genco With Unsolicited Tender Offer

The now long-running takeover battle designed to reshape the dry bulk segment took a new turn as Diana Shipping announced it has opened a tender offer for the shareholders of Genco Shipping. It is the latest step in the five-month battle that shows no signs of being resolved. Diana launched the offer to acquire the shares of Genco that it does not already own, and later increased the valuation after questions were raised about its ability to finance the combination....

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