Wednesday, February 11, 2026
Media Kit
Arctic Security Cutter rendering for Helsinki Shipyard and Davie

Davie and Helsinki Shipyard Ink Contract for Five More USCG Arctic Cutters

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tanker being refloated

Philippines Works to Refloat Tanker Driven Ashore in Storm

Published Feb 10, 2026 8:28 PM by The Maritime Executive

The Philippine Coast Guard is monitoring the situation as efforts are underway to refloat a tanker that went ashore in the environmentally sensitive Oriental Mindoro region, a province in the western Philippines south of Manila. They are reporting that the 18 crewmembers aboard the vessel are safe and there have been no reports of pollution from the vessel. The tanker Espada was traveling only with ballast from Batangas, south of Manila, to Negros in the southern Philippines when it encountered...

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Carnival Australian cruise ships

Carnival Australia Says NMU is Recruiting by Filing “Whistleblower” Report

Published Feb 10, 2026 7:43 PM by The Maritime Executive

Carnival Cruise Line’s Australia operations have become the target of a campaign by the Maritime Union of Australia (NMU), which this week resulted in an unscheduled inspection by the Australian Maritime Safety Authority (AMSA). The cruise line is calling the MNU’s actions an effort to get attention and launch a membership drive, while the union is accusing the cruise line of low wages and poor working conditions aboard its ship homeported in Australia. Carnival Cruise Line has operated in Australia...

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tug spraying dispersant and towing oil boom

Thailand Reports Progress in Managing Oil and Containers from Sunken Ship

Published Feb 10, 2026 6:19 PM by The Maritime Executive

Thailand has organized an Incident Command Center and reports it is making progress in the efforts to assess and manage the situation after the cargo ship Sealloyd Arc sank on Saturday night, February 7, near a popular tourist destination. While the ship is leaking oil, so far it has not approached shore, and they report success in rounding up the containers that were floating after the ship went down. The Sealloyd Arc is now reported to have had a total...

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Abraham Lincoln

Op-Ed: Iran Plays for Time, But U.S. Response Options Are Ready

Published Feb 10, 2026 5:37 PM by The Maritime Executive

Iran has a standard playbook when dealing with a foreign policy crisis, a playbook that used to work well until its adversaries figured it out. The playbook involves portraying the political leadership in Tehran as split between hardliners adopting a maximalist, no-concession position and ‘reformists’ who say that they are in favor of negotiations and talk vaguely of possible compromises. The trick is to lure the other side into negotiations, and string them out as long as possible, keeping alive...

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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

Ship

Navigating the Deadlock: Accelleron’s Daniel Bischofberger on Green Fuels

Accelleron, a leading provider of turbocharging, fuel injection, and digital solutions for marine engines and ships, recently released a study on the multifaceted, multi-industry challenges slowing shipping's transition to carbon-neutral fuels. TME recently spoke with CEO Daniel Bischofberger about the current state of marine decarbonization, regional developments in Asia-Pacific, and the path forward for the industry. Can you describe the current state of shipping's transition to carbon-neutral fuels? The ships are ready, but the fuel is not. The technology exists...

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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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