Wednesday, May 06, 2026
Media Kit
An F/A-18 Super Hornet takes off from carrier USS Abraham Lincoln (USN)

U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

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sea rescue oepration

Greeks Arrest Captain of Cargo Ship After Rescuing Crew from Sinking Ship

Published May 6, 2026 1:49 PM by The Maritime Executive

The Hellenic Coast Guard is reporting the rescue of nine crewmembers after a small cargo ship grounded and sank near the island of Andros on May 6. The Andros Port Authority, which is conducting the preliminary investigation, has arrested the captain and a bridge officer on charges of negligence and causing a shipwreck. The cargo ship Corsage C. was built in 1982 and owned and operated by a Turkish company. The ship, which was 3,300 dwt, had departed from the...

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carrier Ford passing Gibraltar

Supercarrier USS Gerald R. Ford Transits Gibraltar into Atlantic

Published May 6, 2026 12:34 PM by The Maritime Executive

Eagle-eyed ship spotters confirmed what had been anticipated for days as the supercarrier USS Gerald R. Ford transited the Strait of Gibraltar on Wednesday, May 6. It was widely anticipated that the carrier was due to leave the Mediterranean, and the speculation is that she will reach her home base in Norfolk, Virginia, before the end of the month. The U.S. Navy has not confirmed the speculation that the long deployment is coming to an end, but Stars & Stripes...

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Mangalia shipyard Romania

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

Published May 5, 2026 10:41 PM by The Maritime Executive

German industrial giant Rheinmetall confirmed it is discussing a deal with MSC Mediterranean Shipping Company for the two companies to take over the bankrupt Mangalia shipyard in Romania. A year ago, MSC had expressed interest in the yard as the government was beginning a reorganization of the operations. Romanian government officials are reported to be negotiating a deal in which Rheinmetall and MSC would acquire the majority ownership in the yard, with the government retaining a small investment share. The...

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Koru (press handout courtesy Oceanco)

Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht

Published May 5, 2026 9:29 PM by The Maritime Executive

Gossip column Page Six has obtained confirmation that Amazon founder Jeff Bezos is selling is megayacht, the $500 million sailing vessel Koru. The reason, according to the outlet's sources, is that the vessel has become "too recognizable" for the multibillionaire tech executive. Koru is among the world's most distinctive yachts - and not just because of her imposing three-masted silhouette, her 417-foot length or her elegant counter stern. Famously, the yacht's prow features a life-size bust of Bezos' second wife,...

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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

Mangalia shipyard Romania

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

German industrial giant Rheinmetall confirmed it is discussing a deal with MSC Mediterranean Shipping Company for the two companies to take over the bankrupt Mangalia shipyard in Romania. A year ago, MSC had expressed interest in the yard as the government was beginning a reorganization of the operations. Romanian government officials are reported to be negotiating a deal in which Rheinmetall and MSC would acquire the majority ownership in the yard, with the government retaining a small investment share. 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

OOCL containership

OOCL Seeks to Overturn $45M Award Alleging FMC Process is Unconstitutional

Lawyers for Orient Overseas Container Line filed suit in U.S. District Court on May 5, challenging the Federal Maritime Commission’s adjudication process, alleging the internal process is unconstitutional and that the company, confronted by two claims, is in a situation that is “constitutionally untenable.” The suit came after the FMC’s administrative law judge awarded a $45 million judgment to bankrupt retailer Bed Bath & Beyond, and a picture frame and art supply company, Nielsen & Bainbridge, is also pursuing a...

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