Tanker Hit by Blast Off Kuwait, Hull Breached

Ukrainian Strike on Novorossiysk Also Damaged Russian Warships

Published Mar 4, 2026 6:43 PM by The Maritime Executive

The recent Ukrainian strike on Novorossiysk caused damage to a Transneft oil loading terminal, and may also have extended to Russian Navy warships, according to Ukrainian sources. Ukrainska Pravda reports that the Russian minesweeper Valentin Pikul was seriously damaged in the Sunday night attack, and the antisubmarine patrol vessels Yeysk and Kasimov were struck as well. Three Russian sailors were reported dead, and 14 more injured. The strikes on the Black Sea Fleet add to previously-reported damage at the Sheskharis...

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Published Mar 4, 2026 6:31 PM by The Maritime Executive

The operators of Villa Vie Odyssey, one of the current residential cruise ships, announced that they are launching a new company to offer a premium residential cruise ship. Named Avora Residents, they report the new company will launch in January 2028 with the current Seven Seas Navigator operated by Regent Seven Seas Cruises. Mikael Petterson, who was the creator of Villa Vie, reports the new model “strategically positions Avora between Villa Vie Residences’ contemporary residential cruise offerings and The World’s...

Waiting to profit: empty tankers lined up at the Strait of Hormuz starting line off Fujairah, Khor Fakkan and Dibba (MarineTraffic)

Positioning of Unladen Tankers Signals Shipping's Risk-Reward Calculations

Published Mar 4, 2026 5:36 PM by The Maritime Executive

Shipowners and managers, and ultimately ship masters, have the ultimate responsibility for assessing risk to their vessels and their cargoes. Governments may be keen to persuade operators that the coast is clear, in support of attaining political objectives, but captains always need to be the final arbiter, not the least because lives are at risk. Hence the behavior of tankers, in particular those with freedom of movement outside the Gulf, gives an indication of how the non-government world is assessing...

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Published Mar 4, 2026 5:35 PM by The Maritime Executive

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has entered into agreements for the potential sale of its fleet. News of the potential sale of the company’s ships came via an Oslo Stock Exchange filing by Wilh. Wilhelmsen, one of the investors, signals a further consolidation in the market. The company was started in 2015 by Østensjø Group, an offshore provider, and announced plans for building a dedicated fleet of...

Shipping

Hormuz Shutdown Could Also Affect Agriculture, Petchem and Mining Sectors

Much attention has been paid to the effects of the Strait of Hormuz shutdown on the oil and LNG markets, but there are half a dozen other commodities that will be affected in the weeks to come if a security solution isn't reached soon. The GCC states produce half of the world's traded sulfur, a large share of its phosphate, and much of its nitrogen fertilizers - all needed for industrial agriculture. They also supply methanol, ethane, propane, naphtha and...

Tugs & Salvage

Tanker Hit by Blast Off Kuwait, Hull Breached

The UKMTO has reported an apparent attack on a tanker at a position off the coast of Kuwait, resulting in a hull breach. The tanker - identified as the Suezmax Sonangol Namibe - was at anchor about 30 nm to the southeast of Kuwait's Mubarak al Kabeer port on Wednesday night. An explosion occurred on the port side, witnessed by the master. A small craft was seen departing the scene. The blast penetrated a cargo tank, resulting in a spill...

Government

EU, Ecuador Bust Drug Cartel Linked to European Port Infiltration

Law enforcement authorities in Ecuador and Europe are hailing the success of coordinated international operations designed to dismantle a major drug trafficking cartel that has been using European ports to smuggle cocaine. Europol announced that since January last year, authorities have been closely tracking the operations of the Ecuadorian ‘Los Lobos’ cartel that has been using European ports to traffic cocaine to the lucrative market. Sanctioned by the U.S in 2024, Los Lobos and its leader Wilmer Geovanny Chavarria Barre...

Corporate News

Anemoi Calls for Alignment in Wind Propulsion Performance Verification

[By: Anemoi Marine Technologies Ltd.] Anemoi Marine Technologies Ltd (Anemoi) and Lloyd’s Register (LR) have published a new paper encouraging closer alignment between existing methodologies used to verify the performance of wind-assisted propulsion systems (WAPS). The research highlights how complementary frameworks can be brought together to strengthen consistency, transparency and industry confidence. The paper builds on LR’s earlier verification of Anemoi’s new in-service performance and forecasting model calibration methodology, designed specifically for WAPS. The new research assesses how that method...

Cruise Ships

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Ports

Report: MSC and BlackRock Push to Complete Hutchison Deal for Port Ops

Nearly a year after the deal was first announced for a consortium of MSC Mediterranean Shipping Company and U.S. investment group BlackRock to acquire the global port operations of Hong Kong-based CK Hutchison, the Financial Times reports negotiations are back underway. The newspaper writes that the companies believe that now that Panama has been removed, terms can be reached for the larger global portfolio. The companies had agreed in 2025 on two deals, with BlackRock leading the purchase of the...

Shipping

Hormuz Shutdown Could Also Affect Agriculture, Petchem and Mining Sectors

Tugs & Salvage

Tanker Hit by Blast Off Kuwait, Hull Breached

Government

EU, Ecuador Bust Drug Cartel Linked to European Port Infiltration

Corporate News

Anemoi Calls for Alignment in Wind Propulsion Performance Verification

Cruise Ships

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Ports

Report: MSC and BlackRock Push to Complete Hutchison Deal for Port Ops

Offshore

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....

Shipbuilding

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

The Scottish government is moving forward with a plan to award the financially troubled Scottish shipbuilder Ferguson Marine four new contracts as a lifeline to keep the yard afloat. The yard fell into administration and was taken over by the government in 2019 in an effort to keep shipbuilding in Glasgow. Awarding the yard new contracts is seen as a step toward transitioning the yard back to private ownership. “This is a watershed moment,” said Deputy First Minister Kate Forbes...

Environment

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...

Business

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

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Tanker Hit by Blast Off Kuwait, Hull Breached

Ukrainian Strike on Novorossiysk Also Damaged Russian Warships

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Positioning of Unladen Tankers Signals Shipping's Risk-Reward Calculations

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Hormuz Shutdown Could Also Affect Agriculture, Petchem and Mining Sectors

Tanker Hit by Blast Off Kuwait, Hull Breached

EU, Ecuador Bust Drug Cartel Linked to European Port Infiltration

Anemoi Calls for Alignment in Wind Propulsion Performance Verification

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Report: MSC and BlackRock Push to Complete Hutchison Deal for Port Ops

Hamburg Maritime Forum 2026: An Ambitious Landmark Edition

The Hybrid Adjustable Tip Propeller: Adaptability and Efficiency

Environmental Remediation at Aging Ports

Hormuz Shutdown Could Also Affect Agriculture, Petchem and Mining Sectors

Tanker Hit by Blast Off Kuwait, Hull Breached

EU, Ecuador Bust Drug Cartel Linked to European Port Infiltration

Anemoi Calls for Alignment in Wind Propulsion Performance Verification

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Report: MSC and BlackRock Push to Complete Hutchison Deal for Port Ops

Seatrium Delivers WTIV to Maersk Offshore Wind

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

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

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Maritime Industry Conferences and Events

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