Monday, October 05, 2026
Media Kit
Turkish grain ship sinking after attack

Romania Rescues 11 Seafarers and 2 Deceased from Turkish Vessel

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Iranian oil tanker

Iran’s Floating Oil Stocks Run Dry

Published Oct 5, 2026 1:24 PM by The Maritime Executive

The US naval blockade has prevented any Iranian or dark fleet tanker from leaving the Gulf, and this 100 percent effective blockade has now been in place for 10 weeks. In the short gap during the summer when restrictions on Iranian ships and ports were temporarily lifted, Iran was able to rush out a stockpile afloat that had built up within the Gulf. These shipments were used to restock its floating reserve, which was then held mostly off Malaysia, whose...

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Port of Guam

High Winds Cause STS Crane Runaway at Port of Guam

Published Oct 5, 2026 12:26 AM by The Maritime Executive

The Port Authority of Guam and its partners are working to recover the use of its STS gantry cranes after a high-wind incident took all three out of service. At about 2130 hours on Friday night, as gusty winds blew over the island, Gantry Crane 6 was "dislodged from its secure position" and rolled about 1,000 feet down the quayside rail system. Crane 6 then hit Gantry Cranes 5 and 4, causing them to also begin to roll several hundred...

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Air and surface assets conducted a wide-ranging search off Nantucket (USCG)

USCG Calls Off Search for Survivors of Medical-Flight Crash off Nantucket

Published Oct 4, 2026 11:45 PM by The Maritime Executive

The U.S. Coast Guard launched a large-scale search over the weekend following a report that a medical transport jet went down off the coast of Nantucket, Massachusetts. At about 0200 hours on Saturday morning, the Federal Aviation Administration notified the Coast Guard that the Gulfstream G100 (IAI Astra) air ambulance plane had crashed during a flight from Bermuda to Boston. Six people were aboard the aircraft, four flight crew members from Canada and two passengers from Bermuda. The USCG soon...

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iStock

Op-Ed: Europe's Shipping Future Depends on Stronger Ship Management

Published Oct 4, 2026 9:43 PM by Andreas Hadjipetrou

The role of the ship manager is expanding at a time when owners are applying increased pressure on management fees. That tension should concern the whole European shipping industry. Shipmanagement should not only be viewed through the lens of the traditional ship manager. This term now refers to second and third-party management companies, like Columbia, and joint ventures between owners and managers. Whatever the set-up, the issues remain the same as many are being asked to take on more responsibility...

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Offshore

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New Zealand Invests $20 Million in New Offshore Gas Projects

New Zealand has made further progress in restarting domestic gas production with a new round of funding targeting offshore exploration projects. Resources Minister Shane Jones and Associate Finance Minister Chris Bishop this week announced $21 million financing for two offshore gas projects. The financing will be made through the Gas Security Fund (GSF), a $113 million state-owned investment facility to ramp up gas production in New Zealand. One of the projects considered for funding in this round is EnZed Energy’s...

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Shipbuilding

USNS Wally Schirra after a seven-month yard period in South Korea (USN)

Op-Ed: What America Must Change to Make Korean Shipbuilding Matter

[By Dr. Marcus Jones] For the first time in decades, the United States is being forced to think seriously about naval shipbuilding as an allied industrial problem. Years of delayed programs, strained yards, maintenance backlogs, workforce losses and shortages, and the near-disappearance of commercial shipbuilding have converged with China’s extraordinary maritime-industrial expansion; old assumptions about U.S. defense-industrial sufficiency are untenable. In its May 2026 Shipbuilding Plan, the Navy formally crossed an important conceptual threshold. It describes the failure of American...

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Environment

Maersk

The Ship Has Outpaced the Fuel

Methanol has moved faster than almost anyone predicted. It overtook LNG as the alternative fuel of choice for newbuilds in 2023, and by mid-2026 class society DNV had counted 313 methanol vessels on order, second only to LNG and part of a pool of more than 450 methanol-capable ships on order or in operation. Thirty-eight were delivered in the first half of 2026 alone. The maritime industry has largely solved how to burn methanol. The harder work now is integrating,...

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Business

iStock

Op-Ed: Europe's Shipping Future Depends on Stronger Ship Management

The role of the ship manager is expanding at a time when owners are applying increased pressure on management fees. That tension should concern the whole European shipping industry. Shipmanagement should not only be viewed through the lens of the traditional ship manager. This term now refers to second and third-party management companies, like Columbia, and joint ventures between owners and managers. Whatever the set-up, the issues remain the same as many are being asked to take on more responsibility...

Continue Reading...