US and UK Pile on Sanctions to Increase Pressure on Iran and Russia

Galveston Approves Lease for LNG Operation with Production and Bunkering

Published Oct 8, 2026 7:21 PM by The Maritime Executive

The Galveston Wharves Board of Trustees has approved a lease and development agreement with Power LNG, which paves the way for the first LNG bunkering facility on the Gulf Coast. Power LNG plans to develop a small-scale, modular liquefied natural gas production, storage, and fuel bunkering facility on Pelican Island, with port officials highlighting that the project will position Galveston to serve the growing demand for LNG as a marine fuel both in the port and the region. The board...

Gone are the days when Iranian tankers could sail unimpeded (NIOC file image)

Iran Has Few Options to Circumvent the U.S. Blockade on its Oil Tankers

Published Oct 8, 2026 6:30 PM by The Maritime Executive

There is some debate about exactly how much oil and LNG is being shipped out of the Gulf from the GCC producers on its southern shores, but little disagreement about how much Iran is managing to export: none. With the Iranian oil reserve held afloat off Malaysia and China likely to run out this month, and the last revenues from these sales all coming in by the year’s end, Iran faces a drastic curtailment on government revenues - probably amounting...

USS Abraham Lincoln arriving San Diego California

USS Abraham Lincoln Pulls into San Diego, Closing 321-Day Deployment

Published Oct 8, 2026 4:45 PM by The Maritime Executive

The US aircraft carrier USS Abraham Lincoln returned to her home port of San Diego, California, on October 8, concluding what became the second-longest deployment in the modern era, except for extended tours during the COVID-19 pandemic. The carrier also set a new record for the longest number of consecutive days at sea, 264 days, beating the 206 days for USS Dwight D. Eisenhower during the COVID-19 pandemic in 2020. It was the close of one of the longest, most...

burnt-out bulker drifting in the Black Sea

Large Bulker Abandoned After Attack Drifts Hundreds of Miles in Black Sea

Published Oct 8, 2026 3:17 PM by The Maritime Executive

Bulgaria’s military reports it is monitoring the movements of an abandoned bulker that is drifting in the Black Sea. A month after the vessel was struck near Ukraine, it reappeared earlier this week off the coast of Bulgaria, raising concerns over its movement. The German-owned bulker Emil (175,463 dwt) has been adrift since August 5, when the crew abandoned the ship approximately 21 nautical miles from the Greater Odesa area. The vessel, which was built in 2012 and is 292...

Shipping

Hormuz Transits Fall to Lowest Level in Two Months as Attacks Increase

New data suggests that the volume of ships transiting the Strait of Hormuz has again fallen off, despite the consistent assertions from U.S. Central Command that flows are increasing and “building momentum for freedom of navigation.” The latest reversal followed an increased pace of attacks on tankers, and after reports had indicated oil flows were back to pre-war levels. The volume of crude oil transiting the Strait of Hormuz has reportedly fallen by a quarter (27 percent), Reuters reports, citing...

Tugs & Salvage

Large Bulker Abandoned After Attack Drifts Hundreds of Miles in Black Sea

Government

The general location of the Wednesday evening attack on a tanker off the Musandam Peninsula (UKMTO)

Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast

Following yesterday's tanker attack in the central Arabian Gulf, Brent oil futures climbed to $104 per barrel, Dated Brent hit $136, and benchmark Gulf-East Asia tanker rates passed the $1.4 million per day mark - all reflecting expectations of a heightened risk of Iranian attack for energy shipping in and out of the Strait of Hormuz. The vessel hit in the central Gulf on Wednesday has now been identified as the Antigua-flagged product tanker Acers (IMO 9301902), according to multiple...

Corporate News

Everllence Marks 50 Years of HHI-EMD as Two-Stroke Licensee

[By: Everllence] On September 30th 2026, Everllence participated in a ceremony held by HHI-EMD in Ulsan, South Korea celebrating its 50th anniversary as an Everllence two-stroke licensee. In that time, HHI-EMD has surpassed 200 million horsepower in cumulative production of B&W engines. Among the attendees were, from HHI-EMD, Ju-Seog Han, COO & President, Byung-Kuk Kang, EVP Head of Sales Division, Min-Ho Kang, EVP Head of Design Division, Seok-Il Seong, EVP Head of Production Division, and Young-Seok Ryoo, EVP Head of...

Cruise Ships

Carnival Corp. Shuffles Ships Between Cunard, P&O, and Holland America

Cruise ships will be moving among three of Carnival Corporation’s brands as the company continues efforts to maximize the financial strength of its operations. Holland America Line and P&O Cruises will be increasing capacity by receiving newer ships, while Cunard will be giving up one ship, with the changes taking place in 20029. The changes will begin in the spring of 2029 when Cunard’s Queen Anne will be transferred to P&O after completing her previously announced world cruise. The ship...

Ports

After Strong Months, US Container Imports Are Expected to Level Off

Imports into the U.S. continue to defy predictions with a strong series of months through the summer, but are now projected to level off. The National Retail Federation reports that after a “drawn-out peak shipping season,” it believes retailers are mostly stocked for the remainder of the year and imports will slow, in part reflecting a cautious consumer outlook. “Most holiday merchandise has arrived, and the remainder of the year is just a matter of last-minute replenishment and preparation for...

Shipping

Hormuz Transits Fall to Lowest Level in Two Months as Attacks Increase

Tugs & Salvage

Large Bulker Abandoned After Attack Drifts Hundreds of Miles in Black Sea

Government

Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast

Corporate News

Everllence Marks 50 Years of HHI-EMD as Two-Stroke Licensee

Cruise Ships

Carnival Corp. Shuffles Ships Between Cunard, P&O, and Holland America

Ports

After Strong Months, US Container Imports Are Expected to Level Off

Offshore

Hurricane Isaias Prompts Shut-Ins for 60 Percent of Gulf Oil Production

As Hurricane Isaias closes in on the Gulf coast, the National Hurricane Center is warning residents from eastern Louisiana to the Florida Panhandle to get ready for a "life-threatening storm surge." Isaias intensified as expected overnight Wednesday, and the latest Hurricane Hunters flight into the storm suggest surface wind speeds in the range of 85 knots. The system is moving swiftly at about 10 knots to the northeast, and is expected to turn to the north, putting it on track...

Shipbuilding

Kawasaki Heavy Industries Unveils Climb-Capable Shipyard Robot

Japanese conglomerate Kawasaki Heavy Industries is among the country's largest shipbuilders, and it also happens to have rare access to its own internal robotics division. It is putting a long legacy of robotics expertise to the test with a new emphasis on "physical AI" in every domain, including out in the yard. On Tuesday, it released an initial look at an AI-enabled, magnet-footed drone robot that can climb bulkheads and navigate small spaces. The prototype model is small, just two...

Environment

Study Suggests Deep Sea Mining Could Be a Loss-Making Proposition

Any deep-ocean seabed operation is an expensive proposition, as research vessel operators and offshore drilling companies are well aware. Deep-sea mining for manganese nodules would be no exception, demanding specialized tonnage, robotics, processing equipment and R&D. In a new report, some of the budding industry's opponents suggest that the overhead of industrial-scale subsea operations could make deep sea mining a loss-making proposition - even before accounting for environmental factors. Drawing on an investment prospectus for two projects belonging to The...

Business

HD Hyundai to Buy Goltens to Expand Aftermarket Maintenance Market

Goltens Worldwide, long recognized as a leader in planning and performance maintenance and repair work, has agreed to be acquired by HD Hyundai Marine Solution (HMS). With HMS, Goltens says it sees considerable scope to invest, grow, and develop capabilities, while for HD Hyundai, it provides a critical opportunity to expand its aftermarket support globally. The proposed acquisition, the companies explained, offers opportunities to expand technical capabilities, strengthen its global service coverage, and support investment in people, facilities, and technologies....

Maritime Industry Conferences and Events

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US and UK Pile on Sanctions to Increase Pressure on Iran and Russia

Galveston Approves Lease for LNG Operation with Production and Bunkering

Iran Has Few Options to Circumvent the U.S. Blockade on its Oil Tankers

USS Abraham Lincoln Pulls into San Diego, Closing 321-Day Deployment

Large Bulker Abandoned After Attack Drifts Hundreds of Miles in Black Sea

Hormuz Transits Fall to Lowest Level in Two Months as Attacks Increase

Large Bulker Abandoned After Attack Drifts Hundreds of Miles in Black Sea

Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast

Everllence Marks 50 Years of HHI-EMD as Two-Stroke Licensee

Carnival Corp. Shuffles Ships Between Cunard, P&O, and Holland America

After Strong Months, US Container Imports Are Expected to Level Off

Global Industry Leaders to Take the Stage at IBIA Annual Convention 2026

Five Issues That Derail Vessel Control System Modernizations

Beyond Web-Based SaaS: The Cloud-Native Advantage

Hormuz Transits Fall to Lowest Level in Two Months as Attacks Increase

Large Bulker Abandoned After Attack Drifts Hundreds of Miles in Black Sea

Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast

Everllence Marks 50 Years of HHI-EMD as Two-Stroke Licensee

Carnival Corp. Shuffles Ships Between Cunard, P&O, and Holland America

After Strong Months, US Container Imports Are Expected to Level Off

Hurricane Isaias Prompts Shut-Ins for 60 Percent of Gulf Oil Production

Kawasaki Heavy Industries Unveils Climb-Capable Shipyard Robot

Study Suggests Deep Sea Mining Could Be a Loss-Making Proposition

HD Hyundai to Buy Goltens to Expand Aftermarket Maintenance Market

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events