Wednesday, April 29, 2026
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largest car carrier Hyundai Glovis Leader

First 10,000 Unit Car Carrier Delivered by China to Hyundai Glovis

Published Apr 29, 2026 6:19 PM by The Maritime Executive

The first car and vehicle carrier in the world to exceed 10,000 units was officially delivered on April 28, marking a new milestone as the sector continues to build out capacity to meet the demand for exports from Asia. In addition to its capacity, the vessel is notable as it is owned by South Korea’s HMM and part of a strategy by Hyundai Glovis to expand and diversify its operations. Named Glovis Leader, the pure car and truck carrier (PCTC)...

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containership arriving in port

Bankrupt Retailer Bed Bath & Beyond Wins Record $45M FMC Claim Against OOCL

Published Apr 29, 2026 5:10 PM by The Maritime Executive

A Federal Maritime Commission administrative law judge awarded a record $45.6 million in reparations to the administrator of the bankrupt retailer Bed Bath & Beyond in its claim against Orient Overseas Container Line (OOCL) stemming from denied service and higher shipping rates during the COVID-19 pandemic. The case has the potential to be a precedent-setting decision for the shippers' complaints against the business practices of carriers during the pandemic. The bankruptcy administrator for the former retailer now known as DF-Butterfly...

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26 boxes of shark fins seized in Anchorage, October 2025 (USFWS)

U.S. Makes Massive Bust Targeting Shark Fin Smuggling Ring

Published Apr 29, 2026 5:07 PM by The Maritime Executive

The U.S. Fish and Wildlife Service has announced a massive bust of illegal shark fins, seized at ports around the United States. Concerningly, the characteristics of the dried and preserved fins matched primarily with two species of internationally-protected sharks. Last October, a shipment of shark fins was discovered by inspectors at the port of Anchorage, Alaska. It was disguised as a consignment of car parts. Delving into the details of the package, the Fish and Wildlife Service launched a broader...

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D. MacDonald / IUCN

At MEPC, Oman Proposes Ship Strike Study to Protect Whales in Arabian Sea

Published Apr 29, 2026 3:44 PM by The Maritime Executive

Tucked as Agenda Item 12 into the agenda of the 84th Session of the IMO’s Marine Environmental Protection Committee is a proposal tabled by Oman to create a Particularly Sensitive Sea Area off Oman’s Arabian Sea coast. The proposal is based entirely on the threat posed to endangered sea species by ships travelling through the designated area, particularly by ships traveling along the coastline at speeds of above 10 knots per hour. The primary species at risk is the Arabian...

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MORE STORIES BY CATEGORY

Offshore

ADNOC

UAE Exits OPEC, Casting Shadow Over the Oil Cartel's Future

The United Arab Emirates has announced a decision to leave the Organization of Petroleum Exporting Countries (OPEC), a major blow to the supply cartel that has exerted influence over global oil prices since 1960. "The UAE’s decision to exit from OPEC reflects a policy-driven evolution aligned with long-term market fundamentals," said UAE energy minister Suhail Mohamed Al Mazrouei in a statement. "We thank OPEC and its member countries for decades of constructive cooperation. We remain committed to energy security, providing...

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Shipbuilding

Canadian Coast Guard vessel launched

First of Canadian Coast Guard’s New Arctic-Offshore Patrol Ships Launched

Canada marked the next milestone in its efforts to renew the fleets of the Canadian Navy and Coast Guard with the floatout of the first of its new Arctic and Offshore Patrol Ships. The future CCGS Donjek was successfully transferred from the building hall on a barge and floated out in Halifax. The construction is part of Canada’s National Shipbuilding Strategy, a long-term plan for what they are proudly saying are “Built by Canadians, for Canada” vessels. Irving Shipbuilding has...

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Environment

26 boxes of shark fins seized in Anchorage, October 2025 (USFWS)

U.S. Makes Massive Bust Targeting Shark Fin Smuggling Ring

The U.S. Fish and Wildlife Service has announced a massive bust of illegal shark fins, seized at ports around the United States. Concerningly, the characteristics of the dried and preserved fins matched primarily with two species of internationally-protected sharks. Last October, a shipment of shark fins was discovered by inspectors at the port of Anchorage, Alaska. It was disguised as a consignment of car parts. Delving into the details of the package, the Fish and Wildlife Service launched a broader...

Continue Reading...

Business

containership arriving in port

Bankrupt Retailer Bed Bath & Beyond Wins Record $45M FMC Claim Against OOCL

A Federal Maritime Commission administrative law judge awarded a record $45.6 million in reparations to the administrator of the bankrupt retailer Bed Bath & Beyond in its claim against Orient Overseas Container Line (OOCL) stemming from denied service and higher shipping rates during the COVID-19 pandemic. The case has the potential to be a precedent-setting decision for the shippers' complaints against the business practices of carriers during the pandemic. The bankruptcy administrator for the former retailer now known as DF-Butterfly...

Continue Reading...