Saturday, August 22, 2026
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Hyundai shipyard South Korea

Report: Korea’s HD Hyundai Negotiating Acquisition of US Shipyard

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The Maritime Executive Ship Management Edition

The Maritime Executive’s Ship Management Edition is Now Online

Published Aug 21, 2026 4:20 PM by Tony Munoz

DOG DAYS It's been a long, hot summer with record temperatures in Europe and the U.S., on-and-off-again hostilities in the Middle East and the ongoing war in Ukraine. Dog days of summer? Dog days of war? Take your pick. And maritime has been right in the middle of it. The Wallem Group and its fearless leader, John Rowley, grace this edition's cover. Educated at Sandhurst and having served five years as a paratrooper in the British Army, Rowley knows all...

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containership in the Arctic

China Opens New Arctic Trade Route–But Obstacles Will Prevent Its Wider Use

Published Aug 21, 2026 4:10 PM by The Conversation

[By Edward Rhys Jones} Sea Legend, a Chinese shipping line, recently announced it was launching a regular container service between China and Europe via the Arctic. The announcement follows a trial crossing in 2025 that saw a container ship travel from the port of Ningbo-Zhoushan in eastern China to Felixstowe in the UK in 20 days. This will not have gone unnoticed in the west. While the Iran war has not halted shipping traffic through the Suez Canal, it has...

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Shanghai container port

Port Delays and Congestion Absorb 5% of Industry’s TEU Capacity

Published Aug 21, 2026 3:51 PM by The Maritime Executive

With container carriers continuing to be under pressure, one of the issues that analysts are constantly looking at is the percentage of capacity that is tied up. The analysts at Sea-Intelligence set out to quantify the number to illustrate changes in the market and how it might impact future performance. Sea-Intelligence highlights that the container shipping industry was quite stable for a decade between 2011 and 2019. During that time, it says, on average, only 2.2 percent of the world's...

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Laura DiBella, Chairman Federal Maritime Commission

Op-Ed: FMC Chairman DiBella Calls for Rethinking IMO’s Net-Zero Framework

Published Aug 21, 2026 1:02 PM by Laura DiBella

The Net-Zero Framework (NZF), currently under consideration at the International Maritime Organization (IMO), is an effort to reduce greenhouse gas emissions from ships, aiming for net-zero emissions in the maritime sector by the year 2050. In its current state, this initiative raises more questions than it answers and must be rethought before international acceptance and implementation. Specifically, any viable proposal must allow for the maximum range of alternate fuel sources, including LNG and bio-LNG. The primary flaw in the NZF...

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Offshore

The South African lease area covered part of the Orange Basin, a geological region where Shell has had success on the Namibian side of the boundary line, above (Press handout courtesy Odfjell)

Top Court Ends Shell's South African Wild Coast Offshore Lease

Last Friday, oil major Shell lost a long-running court battle over its offshore oil and gas exploration plans for a frontier region off South Africa's "Wild Coast," an unspoiled stretch of coastline that provides habitat for migrating humpback whales. Environmental groups (including Greenpeace) began suing Shell back in 2021 in an attempt to stop seismic surveying off the Wild Coast, asserting that it would be harmful to whales and to commercial fishermen. Shell countered that its plans were compliant with...

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Shipbuilding

Hyundai shipyard South Korea

Report: Korea’s HD Hyundai Negotiating Acquisition of US Shipyard

South Korea’s largest shipbuilder, the HD Hyundai Group, is reportedly closing in on the acquisition of a U.S. shipyard as the next piece of its strategy for the American industry. Korean media reports indicate that the company is pursuing the acquisition after having already formed several partnerships also designed to leverage the opportunities under Korea’s MASGA (Make American Shipbuilding Great Again) initiative. HD Hyundai is said to be in advanced negotiations with the American shipyards after having targeted two or...

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Environment

Laura DiBella, Chairman Federal Maritime Commission

Op-Ed: FMC Chairman DiBella Calls for Rethinking IMO’s Net-Zero Framework

The Net-Zero Framework (NZF), currently under consideration at the International Maritime Organization (IMO), is an effort to reduce greenhouse gas emissions from ships, aiming for net-zero emissions in the maritime sector by the year 2050. In its current state, this initiative raises more questions than it answers and must be rethought before international acceptance and implementation. Specifically, any viable proposal must allow for the maximum range of alternate fuel sources, including LNG and bio-LNG. The primary flaw in the NZF...

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Business

Balboa Panama container terminal

CK Hutchison Ups the Ante Starting Second $1.5B Arbitration Against Panama

Hong Kong-based CK Hutchison Holdings has started a second arbitration against the Republic of Panama over the cancellation earlier this year of its subsidiary’s port concession. While the Panama Ports Company is already pursuing an arbitration that it said could amount to more than $2 billion in damages for the contract, the parent company is now seeking damages of more than $1.5 billion for breaches of treaty obligation and international law. The company asserts breaches of an investment protection treaty...

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