Tuesday, February 10, 2026
Media Kit
Barge

Fuel Barge Goes Hard Aground at San Juan Harbor Entrance

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Caesarea Trader, seen here in Condor livery as the Commodore Goodwill (John K. Thorne photo - CC0 1.0)

Freight Ferry Catches Fire, Goes to Anchor off Isle of Wight

Published Feb 9, 2026 6:31 PM by The Maritime Executive

On Monday evening, a fire broke out aboard a DFDS ferry off the coast of the Isle of Wight, the large island opposite Portsmouth at the entrance to the Solent. The 400-foot freight ferry Caesarea Trader operates between Portsmouth and the isle of Jersey, just off the coast of France. AIS data provided by Pole Star Global shows that at about 1600 hours GMT, the vessel was inbound for Portsmouth when she slowed and dropped anchor off Wight in about...

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Samsung shipbuilding

Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager

Published Feb 9, 2026 5:56 PM by The Maritime Executive

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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The severe damage from the Beirut blast in the immediate aftermath (UNIFIL)

Smuggling Chief Who Was Implicated in Beirut Blast Steps Down

Published Feb 9, 2026 4:43 PM by The Maritime Executive

A key figure in Hezbollah’s smuggling operations in Lebanon, and a godfather figure in particular in the Beirut docks, Wafiq Safa resigned his formal position on February 6 as head of Hezbollah’s Liaison and Coordination Unit. Wafiq Safa is regarded as having had a crucial role for at least 25 years in the organization of Hezbollah smuggling activities through the Port of Beirut. In all likelihood, he was behind a scheme to pilfer the cargo of 2,750 tons of ammonium...

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tanker

Tighter Shadow Fleet Sanctions Set to Boost Legitimate Tanker Owners

Published Feb 9, 2026 4:43 PM by The Maritime Executive

Reports that Mercuria is ordering up to four new 307,000-dwt VLCC tankers from Dalian Shipbuilding Industry Co in China, in a contract apparently worth up to $500 million, are a significant indication of a developing trend. Historically, Mercuria has not been much of a ship owner, focusing instead on its trading activities, and either chartering tankers or in effect buying the shipping it needs as part of its trading in cargoes. But being focused on trading activities, Mercuria has a...

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Offshore

offshore wind farm

Massachusetts Looks to Nova Scotia to Supply Offshore Wind Energy

Faced with the need for more electrical power and a desire to expand renewable energy, Massachusetts is looking toward the import of renewable energy from neighboring Nova Scotia. The first-of-its-kind agreement would present a novel solution to meeting the needs while also addressing the opposition of the Trump administration to the development of offshore wind energy generation. Massachusetts is a strong supporter of the offshore wind energy industry, with some of the first large projects in the United States. It...

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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...

Continue Reading...