Tuesday, October 06, 2026
Media Kit
Spreading, burning pool of oil from a tanker off the coast of Sochi, Oct. 6 (Russian social media)

Tanker Catches Fire, Spills Oil off Russian Resort Town of Sochi

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Bulgarian patrol boats

Bulgaria Says One Crew is Missing and Second Rescued After Drone Attack

Published Oct 6, 2026 1:11 PM by The Maritime Executive

Romanian officials are denouncing the attack on two small cargo ships in the Black Sea while reporting that the crew of one vessel is missing. The reports said the two ships were attacked overnight, with 18 seafarers rescued and a search and rescue operation continuing. Romania’s Prime Minister Rumen Radev convened a special meeting of the government, and he called the attacks “absolutely unacceptable” and a “gross violation of international law.” He declined to officially state who had attacked the...

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

Published Oct 6, 2026 1:10 AM by The Maritime Executive

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...

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Alaska LNG

Vance Acknowledges "Details" to be Resolved on Alaska LNG Investment

Published Oct 5, 2026 11:26 PM by The Maritime Executive

Just days after President Donald Trump unveiled a multi-billion-dollar South Korean investment in the Alaska LNG pipeline megaproject, officials in Seoul and the United States are walking back the timing and review status of the commitment. On Monday, Vice President JD Vance acknowledged to Reuters that there are still "details" to work out on the agreement. Alaska LNG is among the most ambitious infrastructure proposals in the United States, an 800-mile line connecting gas fields on the Artic tundra of...

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Pearl Harbor Naval Shipyard

GAO: Modernizing US Navy Shipyards Will Cost $200B with 2080 Completion

Published Oct 5, 2026 7:19 PM by The Maritime Executive

The U.S. Navy is facing a formidable task to rebuild its aging and overstretched shipyards, a mission that could cost a staggering $200 billion and take five decades to complete, according to the Government Accountability Office (GAO). In a report assessing the Navy’s plans to undertake its largest-ever construction and restoration effort to improve poor conditions and outdated infrastructure at its four shipyards, GAO is highlighting that the Navy could have greatly underestimated the task ahead. In its Shipyard Infrastructure...

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Offshore

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New Zealand Invests $20 Million in New Offshore Gas Projects

New Zealand has made further progress in restarting domestic gas production with a new round of funding targeting offshore exploration projects. Resources Minister Shane Jones and Associate Finance Minister Chris Bishop this week announced $21 million financing for two offshore gas projects. The financing will be made through the Gas Security Fund (GSF), a $113 million state-owned investment facility to ramp up gas production in New Zealand. One of the projects considered for funding in this round is EnZed Energy’s...

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Shipbuilding

Pearl Harbor Naval Shipyard

GAO: Modernizing US Navy Shipyards Will Cost $200B with 2080 Completion

The U.S. Navy is facing a formidable task to rebuild its aging and overstretched shipyards, a mission that could cost a staggering $200 billion and take five decades to complete, according to the Government Accountability Office (GAO). In a report assessing the Navy’s plans to undertake its largest-ever construction and restoration effort to improve poor conditions and outdated infrastructure at its four shipyards, GAO is highlighting that the Navy could have greatly underestimated the task ahead. In its Shipyard Infrastructure...

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Environment

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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...

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Business

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Op-Ed: Europe's Shipping Future Depends on Stronger Ship Management

The role of the ship manager is expanding at a time when owners are applying increased pressure on management fees. That tension should concern the whole European shipping industry. Shipmanagement should not only be viewed through the lens of the traditional ship manager. This term now refers to second and third-party management companies, like Columbia, and joint ventures between owners and managers. Whatever the set-up, the issues remain the same as many are being asked to take on more responsibility...

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