Tuesday, October 27, 2026
Media Kit
cruise ship hitting containership

Cruise Ship Damaged as It Hits Containership Departing Bremerhaven

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Color Magic ferry

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

Published Oct 26, 2026 5:52 PM by The Maritime Executive

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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Global 168 bust

Indonesia Busts Mongolian-Flagged Tanker for Ketamine Smuggling

Published Oct 26, 2026 5:23 PM by The Maritime Executive

Authorities in Indonesia have discovered an abundant quantity of ketamine aboard a tanker in the Strait of Malacca, prompting an investigation into its ownership and activities. The tanker was detained October 20 off Tanjung Balai, on the coast of North Sumatra, after making suspicious movements and disabling its AIS transmission for several days. Indonesian police had already been tracking the vessel for some time, having suspected its involvement in smuggling. The ship had been spotted holding position off the west...

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Chinese containerships docked in California

Port Fees for Chinese-Built Ships and Shipping to be Delayed by USTR

Published Oct 26, 2026 4:46 PM by The Maritime Executive

With just two weeks left until the one-year suspension of U.S.-imposed fees on Chinese-built ships and ships operated by Chinese companies is due to end, the U.S. Trade Representative has filed to extend the deadline. While little has changed in the situation over the past year, the USTR writes that a two-month extension would provide further time for trade negotiations with China. The U.S. imposed the fees in October 2025 on all Chinese-built ships calling in U.S. ports as well...

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Tankers at the loading terminal southeast of Al-Faw, October 25 (Copernicus / Sentinel-2)

Fire Reported on Tanker off the Coast of Iraq

Published Oct 26, 2026 4:05 PM by The Maritime Executive

UK Maritime Trade Operations (UKMTO) has reported a fire aboard a vessel in the Iraqi exclusive economic zone of the Arabian Gulf, the latest incident believed to be linked to the U.S.-Iran war - and further evidence that the effects of the conflict are spreading outwards from the Strait of Hormuz. UKMTO said that it had received multiple reports of a ship on fire at a position about 60 nautical miles to the southeast of Al-Faw. The organization had no...

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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

HD Hyundai shipyard

HD Hyundai and Kiewit Plan to Develop New Gulf Coast Shipyard

South Korea’s largest shipbuilder, HD Hyundai, is continuing its efforts to expand in the U.S. market, announcing a new joint venture with Texas-based Kiewit Maritime, an affiliate of Kiewit Offshore Services. The companies announced plans to establish HD Kiewit Shipbuilding and envision developing a new, purpose-built shipyard on an existing industrial site along the U.S. Gulf Coast. No details were announced on the yard, but they said the approach would create modern vessel production facilities while making use of an...

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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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