Friday, July 03, 2026
Media Kit
IRGC attack boats (IRGC file image)

Iran Threatens to Attack Ships for Using Non-Iranian Routes Through Hormuz

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A Russian Orlan-10 medium range surveillance drone on a man-portable launcher (Mike1979 / CC BY SA 4.0)

Report: Russian Shadow Fleet Vessels Play a Role in Drone Incursions in EU

Published Jul 2, 2026 8:57 PM by The Maritime Executive

Russia's intelligence agencies have used shadow fleet tankers to launch spy drones over Western Europe since at least 2024, but European governments have yet to field an effective response, concluded researchers at IISS in a new report. The three-person research team behind the report found that out of 144 documented incidents, a large subset were likely launched from the decks of Russia-linked vessels, based on patterns of AIS and satellite-based radar ship tracking. Other reporters have previously suggested that Russia...

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Panama flag on stern of a ship

Panama Ship Registry Returns to Paris MoU “White List”

Published Jul 2, 2026 6:49 PM by The Maritime Executive

Officials in Panama are highlighting the successful return of its ship registry to the Paris MoU White List after having been on the Grey List for the past several years. They are highlighting it as a confirmation of their efforts to maintain the highest standards for Panama-registered vessels. It is a critical development for the flag and registry, which is the largest by the number of ships. It has been under pressure from competitors and criticized for substandard vessels and...

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wind-assisted propulsion installed on car carrier

Testing Begins for First Wing-Sail Installed on a Car Carrier

Published Jul 2, 2026 6:09 PM by The Maritime Executive

Oceanbird, a joint venture started by Alfa Laval and Wallenius Lines in December 2021, reached a key milestone as its prototype for a vessel received class certificates and completed its installation, extending wind-assisted propulsion for the first time to the car carrier segment. The installation took place between June 21 and 24 at the Damen Shipyard in Rotterdam aboard Wallenius’ Tirranna. The vessel, which is 30,000 dwt and has a capacity to transport 7,620 cars, departed the yard on June...

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gas carriers

Investment Firm KKR Sells Ocean Yield to A.P. Moller Holding

Published Jul 2, 2026 5:38 PM by The Maritime Executive

The investment arm of the Maersk family, A.P. Moller Holding, is expanding its large portfolio of maritime investments, reporting it has agreed to buy Norway’s Ocean Yield, a large shipowner-lessor. According to A.P. Moller, the acquisition will strengthen its maritime portfolio and build on its experience in the segments of the maritime industry. Headquartered in Oslo, Norway, Ocean Yield holds interests in over 70 vessels across several core shipping sectors, including gas carriers, container ships, LNG carriers, crude, product and...

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Offshore

China floating wind platform and 16 MW turbine

China Deploys First 16MW Floating Offshore Wind Tension-Leg Platform

China continues its developments, placing it at the forefront of the offshore wind energy sector. In the latest development, officials reported deploying the largest tension-leg floating offshore wind platform designed to hold a 16 MW turbine. The platform was assembled at the Gaolan Port in Zhuhai, south China, and departed on June 28 for its deployment in the South China Sea. The structure stands more than 307 meters (1,007 feet) and weighs almost 8,000 tonnes. It is the largest of...

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Shipbuilding

South Korean shipbuilder

Gunsan Shipyard to Restart Shipbuilding After Nine Years

Plans to fully relaunch the long-dormant Gunsan Shipyard in South Korea got a boost as the company signed a letter of intent to build its first ships in nine years. The contract was announced concurrently with the closing of the acquisition of the yard by an investment group from HD Hyundai. The yard had fallen victim to a downturn in the shipbuilding industry nearly a decade ago and never achieved its full potential as an expansion for Hyundai’s shipbuilding operations....

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Environment

Copernicus Marine Service

Ocean Surface Temperatures Are Setting New Records Again

Amidst a record-setting summer heat wave in Europe, the EU-sponsored Copernicus Marine Service has released a familiar message: a new record global sea surface temperature, making 2026 the third year in the last four that this threshold has been passed. The incremental difference is small, about 0.1 degrees C over the previous records for the date of June 21, and it was expected. With El Nino conditions arriving in the Pacific, and high heat events observed in other ocean basins,...

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Business

gas carriers

Investment Firm KKR Sells Ocean Yield to A.P. Moller Holding

The investment arm of the Maersk family, A.P. Moller Holding, is expanding its large portfolio of maritime investments, reporting it has agreed to buy Norway’s Ocean Yield, a large shipowner-lessor. According to A.P. Moller, the acquisition will strengthen its maritime portfolio and build on its experience in the segments of the maritime industry. Headquartered in Oslo, Norway, Ocean Yield holds interests in over 70 vessels across several core shipping sectors, including gas carriers, container ships, LNG carriers, crude, product and...

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