Monday, February 02, 2026
Media Kit
The fishing vessel Lily Jean (courtesy F/V Lily Jean)

Coast Guard Calls Off Search for Missing Crew of Fishing Vessel Lily Jean

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Trisha Kerstin 3

Death Toll in Philippine Ferry Sinking Rises to 40

Published Feb 1, 2026 6:36 PM by The Maritime Executive

Three additional bodies of victims from the lost ferry Trisha Kerstin 3 have been recovered near Basilan, bringing the number of confirmed fatalities to 40 people, the Philippine Coast Guard confirmed on Sunday. The bodies were found in the water near Baluk-Baluk Island and Lantawan Island, not far from the site of the sinking. One of the deceased was a servicemember, Coast Guard Seaman Alkhaizar Hadjail. “Our fallen coast guard [servicemember] will always be remembered for his selfless dedication and...

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iStock tanker

Tanker Orders: Too Much, or Not Enough?

Published Feb 1, 2026 5:15 PM by Erik Broekhuizen / Poten & Partners

Last week, in our annual forecasting opinion ("A Fool's Game?"), we prognosticated that the tanker orderbook will decline in 2026. We are still early in the year, but the headlines from many of the trade publications seem to indicate that this may not happen. It appears that many shipowners and other investors in our industry a lining up even more newbuilding orders. In this week's tanker opinion, we will give a little more background on why we think (hope?) the...

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Nejada file image

China and Russia Plan to Hold a Naval Exercise With Iran in February

Published Feb 1, 2026 5:15 PM by The Maritime Executive

The commander of the regular Iranian navy (Nedaja) Rear Admiral Shahram Irani has announced that Iran will once again host Chinese and Russian naval vessels in Exercise Maritime Security Belt 2026, to be held in the northern Indian Ocean in late February. There have been no confirmatory announcements as yet from the Chinese and Russians, but the Iranians will be anxious to secure their participation again in this annual exercise, needing the reassurance of having allies alongside at a time...

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File image courtesy Indian Coast Guard

Op-Ed: Fully-Compliant Fire Systems May Fall Short Against Modern Risks

Published Feb 1, 2026 3:20 PM by John Nicholson

Inspection reports across much of the commercial fleet paint a reassuring picture. Fire detection systems are operational, fixed firefighting systems are in good working order, equipment is serviced on time and instructions are correctly posted. On paper, vessels are doing what is required of them. The problem is that paper compliance is increasingly being mistaken for operational readiness. Most of the fire detection and firefighting systems in service today were designed for a risk profile that has changed very little...

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Offshore

offshore wind turbine installed

Dominion Energy and Vineyard Wind Reach Milestones as Work Resumes

Within days of resuming work at Dominion Energy’s Coastal Virginia Offshore Wind project and Avangrid’s Vineyard Wind 1, both projects have marked key milestones. The projects argued they were at critical stages of construction in court and received preliminary injunctions to prevent the Trump administration from enforcing a stop-work order. Dominion Energy provided a detailed update on the status of its project, reporting it has reached 71 percent completion and, critically, the first wind turbine generation was installed in January....

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Shipbuilding

Indian shipyard

India’s First Chemical Tanker Order Advances Shipbuilding Ambitions

Swan Defence and Heavy Industries Limited (SDHI), located in India, confirmed that it has received its first shipbuilding order as part of the revitalization of its operations. The order, which comes from a European shipowner, is both the country’s first for a chemical tanker and aligns with India’s ambitions to develop into a leading global shipbuilder. The order was placed by Bergen, Norway-based Rederiet Stenersen, a 50-plus year old operator of chemical/product tankers. The company currently has a fleet of...

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Environment

LCO2 transport

Northern Lights has Deals With Shipping Lines to Double CO2 Transport Fleet

The Norwegian CO2 storage initiative, which became the first commercial operation for carbon capture and storage, announced a new deal that will double the company’s fleet by 2029. This comes just months after the company completed its first injection of liquid CO2 for permanent storage. Northern Lights, which is a joint venture between Equinor, TotalEnergies, and Shell, reports it has struck a new charter deal with major shipping companies, including existing partner Kawasaki Kisen Kaisha (“K” Line), while adding MISC...

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Business

iStock tanker

Tanker Orders: Too Much, or Not Enough?

Last week, in our annual forecasting opinion ("A Fool's Game?"), we prognosticated that the tanker orderbook will decline in 2026. We are still early in the year, but the headlines from many of the trade publications seem to indicate that this may not happen. It appears that many shipowners and other investors in our industry a lining up even more newbuilding orders. In this week's tanker opinion, we will give a little more background on why we think (hope?) the...

Continue Reading...