Tuesday, February 03, 2026
Media Kit
cargo ship aground in Turkey

Turkey Responds as Ship Damaged in Black Sea Attack is Now Aground

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Tuna Seiner With Suspected Links to Drug Trafficking Catches Fire in Manta

Published Feb 3, 2026 4:18 PM by The Maritime Executive

A tuna-fishing vessel with suspected links to cocaine smuggling has caught fire at the port of Manta, Ecuador, according to local media. The vessel Gold Tuna, a 1967-built purse seiner of about 180 feet in length, reported a fire at about 0400 hours on Monday morning. Local firefighters responded to the scene, and the blaze was extinguished in about three hours. Ecuador's security situation has deteriorated markedly in recent years, and drug-smuggling cartels use the country as a gateway for...

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Maersk containership

Maersk-Hapag Alliance to Send Ships Through Red Sea with Naval Assistance

Published Feb 3, 2026 2:35 PM by The Maritime Executive

The alliance between Maersk and Hapag-Lloyd will start for the first time to send vessels through the Red Sea as part of its gradual return to the shipping routes. The carriers, however, emphasized their focus on safety, noting that “All transits will be secured by naval assistance.” The Gemini Cooperation, launched by the two carriers a year ago, has yet to send vessels through the Suez Canal - Red Sea corridor, although Maersk had begun trips through the region on...

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Pax

Aging Freighter Runs Aground Near Panama Canal's Atlantic Entrance

Published Feb 3, 2026 1:36 PM by The Maritime Executive

An aging freighter has gone aground on a sandy beach near the Atlantic-side entrance to the Panama Canal. The Panama Maritime Authority and National Aeronaval Service of Panama report that a cargo ship is aground at Maria Chiquita, a small seaside community about 10 nm to the northeast of Colon. Monitoring from the air and ground is ongoing, and the crew have been safely evacuated from the vessel. Stay on Top of the Daily Maritime News The maritime news that...

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Hormuz incident map

Incident in the Straits of Hormuz Reflects Iranian Nervousness

Published Feb 3, 2026 11:27 AM by The Maritime Executive

The United Kingdom Maritime Trade Operations (UKMTO) in Dubai has advised that an unidentified ship was hailed on VHF by numerous small armed vessels early on February 3 and was requested to stop. The master of the ship ignored the request and proceeded on his course. The incident appears to have occurred when the ship was just inside Omani waters on the southern side of the internationally-recognized Traffic Separation Scheme, off the northern tip of the Musandam peninsula. Ships approaching...

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Offshore

GulfLink

Trump Administration Green-Lights Texas GulfLink SPM Project

Just weeks after taking over the federal environmental-review process for deepwater oil and gas terminal licensing, the U.S. Department of Transportation has approved a construction and operation license for Texas GulfLink, the first issued under the Trump administration. Texas GulfLink will be a twin single-point mooring facility located about 27 nautical miles off the coast of Brazoria County, Texas. It will be fed by a 42" subsea pipeline to a manned offshore platform, where its operations will be overseen on-site...

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Shipbuilding

dual-fuel containership

Number of Dual-Fuel Ships Nearly Doubled in 2025, and Strong Orderbook

The amount of liner shipping using dual-fuel vessels able to take advantage of the emerging alternative lower emissions fuels nearly doubled in 2025, according to new data from the World Shipping Council. In its year-end update on the Dual-Fuel Fleet Dashboard, WSC highlights continuing strong investments as shipowners push forward with their efforts, not waiting for the IMO and other regulators. WSC launched the Dual-Fuel Fleet Dashboard as a tool to track the global liner shipping industry’s investments in new...

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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

iStock tanker

Tanker Orders: Too Much, or Not Enough?

Last week, in our annual forecasting opinion ("A Fool's Game?"), we prognosticated that the tanker orderbook will decline in 2026. We are still early in the year, but the headlines from many of the trade publications seem to indicate that this may not happen. It appears that many shipowners and other investors in our industry a lining up even more newbuilding orders. In this week's tanker opinion, we will give a little more background on why we think (hope?) the...

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