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Maersk Offshore Wind Turbine Installation Vessel

Seatrium Delivers WTIV to Maersk Offshore Wind

Published Feb 27, 2026 8:37 PM by The Maritime Executive

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

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Canadian-flagged Great Lakes bulker

Algoma Central Buys Mainstay Maritime’s Canadian Great Lakes Shipping

Published Feb 27, 2026 7:53 PM by The Maritime Executive

Canada’s Algoma Central, already one of the largest dry and liquid bulk carriers for the Great Lakes-St. Lawrence region, has agreed to buy three Canadian operating companies and six Canadian-flagged Lakers from Mainstay Maritime (formerly Rand Logistics). The transaction will permit each company to expand its Great Lakes operations under its respective flags. Mainstay Maritime is the newly launched brand name for the former Rand Logistics, and after the acquisition by Oaktree Capital completed in 2023, and the spinout with...

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harsh winter conditions in the Gulf of Finland

Cargo Ships Are Becoming Stuck in the Baltic with Worst Ice in 15 Years

Published Feb 27, 2026 6:51 PM by The Maritime Executive

All along the Baltic, reports are emerging of ships becoming stuck and needing extra assistance from icebreakers as the region is experiencing the harshest winter conditions since the season of 2010-2011. Finnish authorities are denying media reports that they were forced to call in Russian icebreakers but confirmed the Russians are assisting in the Gulf of Finland and that all the countries' icebreakers are working full-time this winter. There have been reports first of strong coastal ice, such as in...

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bulker at sea with engine troubles

Australia Detains Bulker After 24-Day Response to Engine Problem

Published Feb 27, 2026 5:09 PM by The Maritime Executive

The Australian Maritime Safety Authority is reporting that it has placed a detention order on a Chinese manager bulker, which has been in distress for all of February and required constant monitoring. The ship has finally been secured in the Gladstone anchorag, but is now officially detained due to seaworthiness issues. The saga of the bulker Swift Hangzhou began hours after the vessel departed Gladstone on January 31, bound for South Korea. The 79,343 dwt vessel, registered in Liberia, was...

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Offshore

Maersk Offshore Wind Turbine Installation Vessel

Seatrium Delivers WTIV to Maersk Offshore Wind

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

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Shipbuilding

Greek Foreign Minister

Hanwha and Greece’s Onex Shipyards Partner to Expand U.S. Shipbuilding

A new trilateral agreement was formalized between Onex Shipyards & Technologies, which is working to revitalize Greek shipbuilding, and South Korea’s Hanwha Power Systems, with American officials looking on during the signing event. According to the reports, the effort will support the efforts in Greece but also looks to leverage the emerging opportunities in the United States under the Trump administration’s U.S. Maritime Action Plan. Onex reports that the agreement focuses on the development of newbuildings with LNG capacity as...

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Environment

Trawlers

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

A new meta-study published in Nature Ecology & Evolution suggests that ocean warming has an outsize impact on the total amount of fish in the water, enough to have major implications for global fisheries. The study, led by researchers at Spain's Museo Nacional de Ciencias Naturales, looked at hundreds of thousands of studies of fish populations in the Northern Hemisphere over a period of nearly 30 years, spanning 1993-2021. The vast data set covered more than 1,500 fish species and...

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Business

Canadian-flagged Great Lakes bulker

Algoma Central Buys Mainstay Maritime’s Canadian Great Lakes Shipping

Canada’s Algoma Central, already one of the largest dry and liquid bulk carriers for the Great Lakes-St. Lawrence region, has agreed to buy three Canadian operating companies and six Canadian-flagged Lakers from Mainstay Maritime (formerly Rand Logistics). The transaction will permit each company to expand its Great Lakes operations under its respective flags. Mainstay Maritime is the newly launched brand name for the former Rand Logistics, and after the acquisition by Oaktree Capital completed in 2023, and the spinout with...

Continue Reading...