Wednesday, October 28, 2026
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Danube

European Prosecutors Issue Indictments in Fraud Involving EU-Funded Tugs

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Belgian minehunter Primula

French Frigate Downed Red Sea Missile Approaching Belgian Minehunter

Published Oct 27, 2026 5:54 PM by The Maritime Executive

A French frigate, part of the force assigned to patrol the Red Sea region, recently downed a missile that was approaching a Belgian minehunter. According to reports in the Belgian media, the minehunter was transiting the region around the Bab el-Mendeb and the Houthi-held areas of Yemen when the missile was spotted. The Belgian outlet De Morgen first reported the interception, and it has now been confirmed by the Belgian Ministry of Defense to the broadcaster VRT NWS. Exact details...

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Ras Tanura

Yemen's Houthi Rebels Strike Saudi Aramco's Ras Tanura Oil Terminal

Published Oct 27, 2026 5:43 PM by The Maritime Executive

Yemen's Houthi rebels claim to have hit the Saudi energy complex at Ras Tanura, a gigantic refinery and loading terminal that handles an outsize share of the world's oil supply. It is the latest strike deep into the heart of Saudi territory, and it targeted one of the most valuable locations in the kingdom's energy-centric economy. "The Houthis have turned Saudi infrastructure into target practice with remarkably little resistance. From airports to critical energy infrastructure, virtually nothing appears beyond their...

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The up-gunned trawler HM Agate, 1941 (unknown / public domain)

An Imperiled UK Fishing Fleet Could Be Used for Defense

Published Oct 27, 2026 5:04 PM by The Maritime Executive

British waters may be full of Russian trawlers looking for anything but fish, and more interested in cables and pipelines. But the United Kingdom’s own domestic fishing fleet is facing extinction, outmaneuvered by competition from European trawlers granted access to British fish quotas. British trawlers hunt the same fish stocks as European-registered fishing vessels, under a deal signed by the UK and the European Union in December 2025. The deal fixed the quotas of fish which both parties can take...

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training ship under construction

Hanwha Transitions Ownership of Philly Shipyard as It Seeks Defense Work

Published Oct 27, 2026 4:38 PM by The Maritime Executive

Hanwha Group is reorganizing the ownership and management of the Philly Shipyard, which it acquired nearly two years ago, as it continues to seek U.S. defense naval shipbuilding contracts. It acquired the yard seeking to break into naval shipbuilding in the U.S., and in this latest move, it says it continues to transition toward dual-use for naval and commercial work at the yard. The group paid approximately $100 million to acquire Philly Shipyard in December 2024, with Hanwha Systems owning...

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Offshore

Horizon Arctic in Livorno, 2024 (Antonio Giordano / VesselFinder)

Chouest Reaches Deal to Buy Canadian Offshore Firm Horizon Maritime

The Louisiana-based offshore services company Chouest Group has reached a deal to buy Canadian operator Horizon Maritime, provider of OSV services to Eastern Canada's offshore oil sector and customers overseas. The deal will keep Horizon's management team in place, ensuring continuity for clients and the retention of the company's culture and values, the firms said in a joint statement. "We see immense value in Horizon's team, leadership and operational excellence. We look forward to working closely with Horizon's clients, building...

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Shipbuilding

training ship under construction

Hanwha Transitions Ownership of Philly Shipyard as It Seeks Defense Work

Hanwha Group is reorganizing the ownership and management of the Philly Shipyard, which it acquired nearly two years ago, as it continues to seek U.S. defense naval shipbuilding contracts. It acquired the yard seeking to break into naval shipbuilding in the U.S., and in this latest move, it says it continues to transition toward dual-use for naval and commercial work at the yard. The group paid approximately $100 million to acquire Philly Shipyard in December 2024, with Hanwha Systems owning...

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Environment

China concept floating island for marine research

China to Build Self-Propelled Floating Marine Research Island

The construction order was signed this week in China for what is being called the world’s first floating deep-sea island. Designed for ocean research, it will be a self-propelled vessel, a catamaran designed for long-term residence at sea with the ability to change positions. The ship will be built by Shanghai Waigaoqiao, which highlights that it will leverage its experience building the world’s largest sixth-generation 3,000-meter-deep-water semi-submersible drilling platform. The yard also highlights that China is the first shipbuilding nation...

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Business

Color Magic ferry

Stena Acquires Color Line, Joining Two of Europe’s Largest Ferry Companies

Stena, which is already one of the largest ferry operators in Europe, is moving to expand its presence in Scandinavia with the acquisition of Norway’s Color Line. It is highlighting the complementary nature of the operations for European ferries and freight transport while emphasizing the growth opportunities. “This is a true milestone in Stena Line’s history, further strengthening our ability to be a reliable link between places, people, and communities,” said Niclas Martensson, CEO of Stena Line. Stena is one...

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