Thursday, February 26, 2026
Media Kit
Cuba

Four Killed in Firefight Between American Speedboat and Cuban Patrol Boat

MORE TOP STORIES
LPG carrier Gas Fate, seen here under a previous name (VesselFinder / Blende Acht)

U.S. Treasury Sanctions 12 More Shadow Fleet Vessels Linked to Iran

Published Feb 25, 2026 6:19 PM by The Maritime Executive

On Wednesday, the U.S. Treasury's Office of Foreign Asset Control (OFAC) imposed sanctions on 12 more "shadow fleet" vessels linked to Iranian petroleum exports. It is the latest in a long string of actions aimed at Tehran's sanctioned oil trade, which is a financial lifeline for the Iranian regime. The newly-sanctioned vessels include the gas carriers Hoot, Luma, Danuta I, Alaa and Gas Fate. Gas Fate has allegedly carried Iranian ammonia produced from conventional natural gas, a less commonly-targeted class...

Continue Reading...
Chinese cruise ships

Chinese Cruise Ship Arrested After Line Suspends Service

Published Feb 25, 2026 6:10 PM by The Maritime Executive

China’s domestic cruise market continues to go through an evolution as it seeks to expand, but it also faces challenges tied to political issues and growing competition. It is experiencing similar challenges to those seen in the West decades ago, as cruising grew from a niche business into a large vacation industry. The cruise ship Blue Dream Melody was reportedly arrested earlier this month in a dispute with a fuel supplier. The court said a payment of nearly $600,000 was...

Continue Reading...
Jameson Land

An American Energy Company is Preparing to Drill for Oil in Greenland

Published Feb 25, 2026 4:52 PM by The Maritime Executive

U.S. President Donald Trump has repeatedly called for the annexation of Greenland on national security grounds, noting the increased activity of other powers in the region. Greenland's rich deposits of rare earth elements also come up in the heated debate over the island's ownership. Often overlooked in the debate, however, is the potential presence of a vast repository of onshore oil - and current, active efforts by an American company to drill for it. The high-potential geological formation is located...

Continue Reading...
oil tanker

Greece’s Capital Group Plans Launch of Large, Pure-Play Tanker Company

Published Feb 25, 2026 4:49 PM by The Maritime Executive

After starting a large bet on the crude oil tanker segment, Greek shipping tycoon Evangelos Marinakis’ Capital Group is pursuing the launch of a publicly traded, pure-play tanker company that will rival the largest companies in the sector. Capital Tankers is expected to be listed on Euronext Growth Oslo by mid-March and reports it will explore uplisting to the main list of the Oslo Stock Exchange and a potential dual listing in the United States in due course. Capital Tankers,...

Continue Reading...
FEATURED STORIES
BLOGS
PODCASTS
MORE STORIES BY CATEGORY

Offshore

offshore wind instalaltion vessel

U.S. Offshore Wind Projects Report Progress After Resuming Offshore Work

Three of the five offshore wind projects under construction in the northeast U.S. have each signaled this week strong progress. It comes after each project received preliminary injunctions against the U.S. Department of the Interior and the Bureau of Ocean Energy Management, which had imposed stop-work orders in late December. Speaking to investors on February 25, the executives of Iberdrola, one of the partners in Vineyard Wind 1 off the coast of Massachusetts, said as far as they are concerned,...

Continue Reading...

Shipbuilding

OSVs under construction at Swan Defense India

India’s Swan Defense Shipyard Revives Old Projects as it Develops Yard

Efforts continue to show progress at reviving India’s shipbuilding industry at the yard in Pipavav, formerly operated by the Reliance Group. Relaunched as Swan Defence and Heavy Industries Limited, the yard reports it has received a contract to finish five ships ordered in 2009 and sitting idle for nearly a decade due to the collapse of the operations. It is the second deal recently announced by SDHI to revive old projects. SDHI reports it completed a deal to sell the...

Continue Reading...

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...

Continue Reading...

Business

The United Launch Alliance (ULA) prepares for takeoff of the Viasat-3 F2 satellite (Viasat)

Case Study: Satcom Giant Inmarsat

The maritime industry is a conservative business. It tends to favor the established option over the innovative solution. Inmarsat – the original name in maritime satcom – has managed to compete in a tough market by combining both, leveraging its reputation for reliability to bring a new concept into the mainstream. In 2024, it debuted a bonded connectivity service, pairing a speedy low-earth-orbit connection with the reliability of its geostationary fleet. This multi-orbit, multi-network service – NexusWave – has revitalized...

Continue Reading...