Wednesday, October 28, 2026
Media Kit
containership

Containership Struck Off Bulgaria as Ministers Meet to Increase Security

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Port

ILWU Watchmen May Strike at LA/Long Beach, With Effects on Half the Port

Published Oct 27, 2026 11:36 PM by The Maritime Executive

A union representing security watchmen at the twin ports of Los Angeles and Long Beach has warned that it will go on strike if talks on a new collective bargaining contract aren't wrapped up by Sunday, according to the employers' group Pacific Maritime Association. The union local is small, but its 250 members are spread out across the most important container terminal complex in the United States, and a strike could affect about half of the facilities in LA/Long Beach....

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Angerona

Trump Puts Spotlight on Venezuelan Oil With Stop in Corpus Christi

Published Oct 27, 2026 10:02 PM by The Maritime Executive

On Tuesday, President Donald Trump picked a rare backdrop for a campaign speech: an Aframax tanker moored at Corpus Christi's general cargo terminal, a breakbulk and heavy-lift pier with on-dock rail and warehousing. The vessel in question, the Angerona, is a Marshall Islands-flagged crude oil tanker built in 2008 and operated by commodity trader Trafigura, one of two firms initially tapped to lead the U.S. marketing program for Venezuelan crude. Historical AIS data suggests the Angerona last called in Venezuela...

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Danube

European Prosecutors Issue Indictments in Fraud Involving EU-Funded Tugs

Published Oct 27, 2026 8:51 PM by The Maritime Executive

The European Public Prosecutor’s Office (EPPO), the independent public prosecution office of the European Union, filed an indictment in Romania in a scheme it says that narrowed eligible bidding and purchased non-compliant tugs for operation on the Lower Danube. It estimates that it caused around €7 million in damage to the EU budget. The fraud stems from funding as part of the 2014–2020 Large Infrastructure Operational Programme. It awarded approximately €7 million in EU funding, which was to be used...

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Port Everglades Florida

MARAD Awards $498M in Port Grants as AAPA Calls for New Appropriations

Published Oct 27, 2026 8:23 PM by The Maritime Executive

The Maritime Administration (MARAD) announced the recipients of its annual Port Infrastructure Development Program (PIDP). While it is highlighted that the program is delivering funding to 35 projects across 19 states, at a total value of $498 million, it is the lowest level of funding through PIDP in five years and the final advanced appropriations funding for PIDP from the $2.25 billion included in the Bipartisan Infrastructure Law, signed into law by President Joe Biden on November 15, 2021. The...

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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

Containership sinking

India to Resume Negotiations with MSC Regarding Loss of MSC Elsa 3

Seventeen months after the sinking of the containership MSC Elsa 3 off the west coast of India, a court has lifted a stay on a state-appointed committee of government officers, permitting negotiations to resume with MSC Mediterranean Shipping Company. The move comes as the court continues to consider both an admiralty suit filed by the state as well as multiple claims for compensation and loss due to the sinking. The containership sank about 14.6 nautical miles off the coast in...

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