Thursday, March 05, 2026
Media Kit
Iranian supply ship Bushehr

Iranian Navy Supply Ship Is Seeking Refuge in Sri Lanka

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Oil slick

Tanker Hit by Blast Off Kuwait, Hull Breached

Published Mar 4, 2026 11:22 PM by The Maritime Executive

The UKMTO has reported an apparent attack on a tanker at a position off the coast of Kuwait, resulting in a hull breach. The tanker - identified as the Suezmax Sonangol Namibe - was at anchor about 30 nm to the southeast of Kuwait's Mubarak al Kabeer port on Wednesday night. An explosion occurred on the port side, witnessed by the master. A small craft was seen departing the scene. The blast penetrated a cargo tank, resulting in a spill...

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bulker

Hormuz Shutdown Could Also Affect Agriculture, Petchem and Mining Sectors

Published Mar 4, 2026 9:57 PM by The Maritime Executive

Much attention has been paid to the effects of the Strait of Hormuz shutdown on the oil and LNG markets, but there are half a dozen other commodities that will be affected in the weeks to come if a security solution isn't reached soon. The GCC states produce half of the world's traded sulfur, a large share of its phosphate, and much of its nitrogen fertilizers - all needed for industrial agriculture. They also supply methanol, ethane, propane, naphtha and...

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The small tanker Skylight burns after an Iranian strike (social media)

Insurance and Naval Escorts May Not be Enough to Reboot Gulf Shipping

Published Mar 4, 2026 8:06 PM by The Maritime Executive

War risk at the Strait of Hormuz continues to deter shipowners from venturing near to Iran, and AIS-active traffic remains 90 percent below normal levels, according to MarineTraffic. Despite the hazards, a handful of owners are willing to make the run and join the 3,200-strong fleet inside of the high-risk zone of the Arabian Gulf. "Stop trying to pass the Strait of Hormuz," security consultant Martin Kelly of EOS Risk Group implored shipowners. "There [have] been at least 10 attacks...

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Ferguson Marine Glasgow Scotland

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

Published Mar 4, 2026 7:31 PM by The Maritime Executive

The Scottish government is moving forward with a plan to award the financially troubled Scottish shipbuilder Ferguson Marine four new contracts as a lifeline to keep the yard afloat. The yard fell into administration and was taken over by the government in 2019 in an effort to keep shipbuilding in Glasgow. Awarding the yard new contracts is seen as a step toward transitioning the yard back to private ownership. “This is a watershed moment,” said Deputy First Minister Kate Forbes...

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Offshore

Maersk Offshore Wind Turbine Installation Vessel

Seatrium Delivers WTIV to Maersk Offshore Wind

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

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Shipbuilding

Ferguson Marine Glasgow Scotland

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

The Scottish government is moving forward with a plan to award the financially troubled Scottish shipbuilder Ferguson Marine four new contracts as a lifeline to keep the yard afloat. The yard fell into administration and was taken over by the government in 2019 in an effort to keep shipbuilding in Glasgow. Awarding the yard new contracts is seen as a step toward transitioning the yard back to private ownership. “This is a watershed moment,” said Deputy First Minister Kate Forbes...

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Environment

Trawlers

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

A new meta-study published in Nature Ecology & Evolution suggests that ocean warming has an outsize impact on the total amount of fish in the water, enough to have major implications for global fisheries. The study, led by researchers at Spain's Museo Nacional de Ciencias Naturales, looked at hundreds of thousands of studies of fish populations in the Northern Hemisphere over a period of nearly 30 years, spanning 1993-2021. The vast data set covered more than 1,500 fish species and...

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Business

offshore wind service vessels

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has entered into agreements for the potential sale of its fleet. News of the potential sale of the company’s ships came via an Oslo Stock Exchange filing by Wilh. Wilhelmsen, one of the investors, signals a further consolidation in the market. The company was started in 2015 by Østensjø Group, an offshore provider, and announced plans for building a dedicated fleet of...

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