Hormuz Traffic Increases as Iran Metes Out Passage for Political Gain

HMS Venturer, one of the two affected ulls, rolls out in preparation for launch (Babcock press handout)

Babcock Runs Into Costly Rework Issues in Type 31 Program

Published May 14, 2026 11:35 PM by The Maritime Executive

On Wednesday, British defense shipbuilder Babcock told its investors that it would be taking a steep charge due to rework on the first two hulls in the Type 31 frigate class. The Type 31 is a much-needed replacement for the Royal Navy's aging Type 23, and Babcock said that the extra effort is interfering with productivity. In a regulatory filing, Babcock said that it is experiencing higher than planned amounts of rework, and at a later stage of construction completion...

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Published May 14, 2026 11:18 PM by The Maritime Executive

The U.S. Coast Guard received a challenging and unusual assignment last weekend: to seize, secure and search a sailboat off Florida in connection with a high profile missing-person case. Last month, married couple Brian and Lynette Hooker were on a trip through the Bahamas aboard their sail cruising yacht, Soulmate. On the night of April 4, Lynette Hooker disappeared; Mr. Hooker arrived on shore and reported her absence in the early hours of April 5. No indications of Lynette Hooker's...

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration

Published May 14, 2026 9:36 PM by The Maritime Executive

In a blow for green shipping, the e-fuel maker Liquid Wind AB has entered bankruptcy administration and will be sold off, raising questions about the future of its methanol plant project pipeline. The industry already faces a supply shortage, and it is as-yet unclear where adequate quantities of e-fuels will come from in order to power shipping's green transition. Liquid Wind is a specialist in e-methanol, an energy storage process that takes renewable energy and uses it to create a...

Turkey Defines Areas for First Offshore Wind Energy Auction

Published May 14, 2026 7:51 PM by The Maritime Executive

The Turkish government is pushing forward with its efforts to launch its first offshore wind energy tender in 2026. They defined the first zones that will be offered as the country continues to expand its onshore use of wind energy as part of its overall renewable energy strategy. The Ministry of Energy and Natural Resources posted the country’s first offshore wind Renewable Energy Resource Areas (YEKA) on its website. It reports that, as a result of studies it has conducted,...

Shipping

Hormuz Traffic Increases as Iran Metes Out Passage for Political Gain

Daily reports continue to show a metered flow of tankers out of the Strait of Hormuz, with signs that Iran is increasing the activity to win political favor and propaganda gains. Countries, including China, India, and Japan, are reported to have been permitted to bring vessels out of the Persian Gulf while U.S. Central Command continues to assert the blockade is in full force. Timed to Donald Trump’s state visit to China, Iranian state TV reported that after requests from...

Tugs & Salvage

Report: Vessel Captured off Fujairah is a Floating Armory

The vessel hijacked early Thursday off the port of Fujairah was a floating armory, according to maritime security consultancy Vanguard Tech. The consultancy identified the vessel as the Honduran-flagged "fishing support vessel" Hui Chuan, which - per a report from the company security officer - had been operating as a floating armory in the Gulf of Oman. The vessel was boarded by unauthorized personnel while anchored about 38 nm to the northeast of Fujairah, towards the eastern entrance to the...

Government

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Corporate News

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

[By: Foreship] Foreship, RINA’s marine consulting company, has been a key force behind the creation of the very first Four Seasons Yacht, bringing its world-renowned expertise in cruise ship design to one of the most anticipated ultraluxury vessels of the decade. Beginning its work in 2019, Foreship helped shape the project from initial vision to technical reality, ensuring that the yacht’s bold design ambitions were matched by uncompromising engineering standards. The company worked alongside shipowner and operator Marc Henry Cruise...

Cruise Ships

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

Viking Holdings, a cruise company that has grown to be a leader in the premium market for river, ocean, and exploration voyages, announced its management succession that sees founder and well-known CEO Torstein Hagen transition to the role of Executive Chairman. He will be succeeded by long-time financial executive Leah Talactac as President and Chief Executive Officer as the company continues on a strong growth path. The company reported strong financial results today, driven by improved net yields, a strong...

Ports

UAE Instructs ADNOC to Accelerate Pipeline Construction to Bypass Hormuz

ADNOC, the Abu Dhabi state-owned energy company, reports it is working to accelerate development of a new oil pipeline that will double its export capacity and critically bypass the Strait of Hormuz. The UAE, which has been among the most targeted of Iran’s neighbors, looks to increase its independence and expand its oil exports while becoming less dependent on the Strait of Hormuz. The company reports it conducted an Executive Committee meeting on Friday, May 15, during which the chairman...

Shipping

Hormuz Traffic Increases as Iran Metes Out Passage for Political Gain

Tugs & Salvage

Report: Vessel Captured off Fujairah is a Floating Armory

Government

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Corporate News

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

Cruise Ships

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

Ports

UAE Instructs ADNOC to Accelerate Pipeline Construction to Bypass Hormuz

Offshore

UK Approves Three Offshore Wind Farms as it Looks to Next Allocation Round

The UK continues to push forward with its focus on renewable energy, with the Energy Secretary Ed Miliband announcing the approval of three projects, two of which have already completed electricity contracts and are likely to move forward quickly. It comes as the Crown Estate released a new report saying the UK has reached 19 percent of its energy generation coming from offshore wind energy and a total of 30 percent coming from a combination of onshore and offshore wind...

Shipbuilding

Babcock Runs Into Costly Rework Issues in Type 31 Program

Environment

Norway Approves Emissions Reduction Requirements for Offshore Vessels

Norway has introduced a new set of requirements mandating offshore vessels to reduce their greenhouse gas emissions from 2029. The rules target operators of offshore vessels operating on the Norwegian continental shelf. The Norwegian government has been developing these requirements since 2021, as part of the country’s climate agreement with the EU. Norway is part of the EU’s Effort Sharing Regulation, committing to a set of emissions reduction targets over a period of years through to 2050. Norway has said...

Business

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration

Maritime Industry Conferences and Events

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Hormuz Traffic Increases as Iran Metes Out Passage for Political Gain

Babcock Runs Into Costly Rework Issues in Type 31 Program

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration

Turkey Defines Areas for First Offshore Wind Energy Auction

Hormuz Traffic Increases as Iran Metes Out Passage for Political Gain

Report: Vessel Captured off Fujairah is a Floating Armory

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

UAE Instructs ADNOC to Accelerate Pipeline Construction to Bypass Hormuz

SNAME: The Quiet Engine Behind Shipbuilding

How Port Everglades is Meeting the Travel Momentum Moment

What Maritime Transition Means in Practice?

Hormuz Traffic Increases as Iran Metes Out Passage for Political Gain

Report: Vessel Captured off Fujairah is a Floating Armory

US Coast Guard Finds and Boards Yacht in High-Profile Missing Person Case

Foreship Provides Key Design Input for Launch of First Four Seasons Yacht

Viking Transitions Management as Torstein Hagen Becomes Executive Chairman

UAE Instructs ADNOC to Accelerate Pipeline Construction to Bypass Hormuz

UK Approves Three Offshore Wind Farms as it Looks to Next Allocation Round

Babcock Runs Into Costly Rework Issues in Type 31 Program

Norway Approves Emissions Reduction Requirements for Offshore Vessels

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration

Maritime Industry Conferences and Events

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