Thursday, October 29, 2026
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containership

Containership Struck Off Bulgaria as Ministers Meet to Increase Security

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Agioi

U.S. Senator Calls Out Greek Shipowner Over Cargo of Russian Diesel

Published Oct 28, 2026 7:31 PM by The Maritime Executive

In recent years, tanker owners have grown used to government scrutiny and complex compliance requirements. Tanker movements are in the crosshairs in multiple "hot zones" around the world, as geopolitical actors have realized that energy cargoes are both economically vital and physically vulnerable when under way. This week, a Greek shipowner based in Glyfada is receiving more scrutiny than most: a senior U.S. senator has sent a letter to the owner of a tanker carrying Russian diesel, warning that any...

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bulker aground in cyclone

Bulker Grounds as Severe Cyclone Comes Ashore in India

Published Oct 28, 2026 7:05 PM by The Maritime Executive

Indian officials are beginning to tally the damage after a severe cyclone came ashore early on Wednesday, interrupting most services and leading to multiple rescues. A bulker that was apparently attempting to get away ahead of the storm, however, ran into problems and was driven ashore on the central eastern coast of India along the Bay of Bengal. The Marshall Island-flagged bulker Sigma Pearl (32,688 dwt) reportedly attempted to sail on October 27 before the worst of the storm. The...

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Maersk Offshore Wind Turbine Installation Vessel

Equinor Blames US Shipbuilding Delays for Late Offshore Wind Installation

Published Oct 28, 2026 6:27 PM by The Maritime Executive

The Norwegian energy company Equinor told investors and the media on Wednesday that its offshore wind project, Empire Wind, is approximately 80 percent complete but running behind schedule due to delays in U.S. shipbuilding. It said the delays were outside its control and that it now expects the wind farm off the coast of New York to deliver first power by mid-2027. “On Empire Wind, despite the stop work orders, and all of that, we have been able to progress...

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Samskip

Boluda Reaches Deal to Buy Icelandic Shortsea Line Samskip

Published Oct 28, 2026 5:55 PM by The Maritime Executive

The Spanish shortsea line Boluda Shipping has agreed to buy Icelandic carrier Samskip, creating an enlarged network with services stretching from Northern Europe to West Africa. In a statement, Boluda said that it would be the "most comprehensive" independent shortsea container network in Europe. When completed on January 1, the merger will bring together 32 ships on 18 routes, serving a combined 28 countries. The two firms also bring significant assets on the shore side, including 21 container terminals, five...

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Offshore

Pipelay barge Fortuna lays the final stretch of the Nord Stream 2 pipeline (Gazprom file image)

EU Throws Cold Water on Restart of Russia's Baltic Sea Gas Pipelines

Pushing back on reported White House planning for Russian energy cooperation, the European Commission has made clear that it does not see a future for the disused Nord Stream gas pipeline system. If restarted, Nord Stream would flood Northern Europe with inexpensive Russian natural gas, undercutting European demand for American LNG - a plan reportedly under discussion between a Russian representative and U.S. Special Envoy Jared Kushner. But Europe wants no part of the U.S.-Russian plan to reintroduce Russian fuel...

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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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