Tuesday, February 10, 2026
Media Kit
Port Vila, Vanuatu

Vanuatu Alerts of False Flag Impostor and Starts Investigation

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Singapore anchorage

Singapore Jails Captain for Lying About Fatal Incident on Gas Tanker

Published Feb 10, 2026 3:55 PM by The Maritime Executive

A court in Singapore sentenced the captain of a gas tanker to 14 months in jail after he admitted to lying about a fatal incident aboard the vessel in 2024. He is the second officer from the ship sentenced to jail for the incident that took the life of a seafarer ordered to clean a gas tank, while the case against the chief officer of the vessel is still pending in the courts. The charges stem from an incident aboard...

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Drug boat strike

U.S. Southern Command Carries Out Lethal Strike on Suspected Drug Boat

Published Feb 10, 2026 3:47 PM by The Maritime Executive

U.S. Southern Command has destroyed another drug smuggling boat in the Eastern Pacific, the second such strike under the command of Gen. Francis L. Donovan (USMC). Two were killed in the attack, and one smuggler was left alive. The vessel in question was a go-fast with three outboards at the stern and visible packages in the cockpit. Video provided by Southern Command appears to show that it was hit by at least two explosions, bringing it to a halt. The...

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Transocean Barents

Transocean Buys Valaris for $6 Billion, Creating New Industry Leader

Published Feb 10, 2026 2:28 PM by The Maritime Executive

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups - 73 rigs in total - across global markets. Transocean CEO and President Keelan Adamson suggested that the combination makes for "a very attractive investment" in offshore...

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Port remediation

Environmental Remediation at Aging Ports

Published Feb 10, 2026 1:52 PM by GHD

Ports face a dual challenge: modernizing aging infrastructure while managing environmental contamination from decades of industrial use. In a conversation, GHD’s Tony Hoffman, Railway Remediation Project Director, and Brian Moore, Manager of Contamination Assessment and Remediation, discussed practical approaches to environmental remediation that keep operations running. Q: What environmental issues do you typically encounter when ports need to replace aging infrastructure? Tony: Replacing aging infrastructure presents challenges beyond capital costs and operational impacts. Since many port properties have endured more...

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Offshore

Transocean Barents

Transocean Buys Valaris for $6 Billion, Creating New Industry Leader

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups - 73 rigs in total - across global markets. Transocean CEO and President Keelan Adamson suggested that the combination makes for "a very attractive investment" in offshore...

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Shipbuilding

Singapore shipyard

PaxOcean Opens New Singapore Shipyard to Handle Larger Projects

PaxOcean marked the opening of its new Singapore shipyard, which is larger and incorporates the latest technologies to strengthen Singapore’s newbuilding, fabrication, conversion, and repair capabilities. The yard replaces the older yard launched in 2007 and will feature a center for R&D, along with a purpose-built innovation hub. The company reports it spent two years developing the new facility located in the Jurong Industrial Estate and invested more than S$200 million (US$158 million) in its development. At 17.26 hectares, it...

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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

Samsung shipbuilding

Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager

According to a stock exchange filing, Korea’s Samsung Heavy Industries canceled the delivery of the first of two crude oil tankers just as the vessel was due to be delivered. It cites the “shipowner’s financial difficulties,” warning that the second vessel could also be revised, while the speculation is that these tankers were ordered as part of a network linked to shipping Iranian and Russian oil. The contract was reported in June 2023, and, in the style of the South...

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