Thursday, August 27, 2026
Media Kit
vessels anchored Persian Gulf

Iran Claims to Turn Back “Indian Tanker” Asserting Oman Corridor is Empty

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Smoke rises from an attack on Novorossiysk, August 12 (Russian social media / War Home)

Wheat Prices Soar as Russian and Ukrainian Grain Exports Plummet

Published Aug 27, 2026 6:29 PM by The Maritime Executive

Once again, shipping disruption from the conflict in the Black Sea is driving up wheat prices - and this time, both of the region's big grain exporters are suffering supply-chain hits. Since the start of the month, wheat futures on the benchmark Chicago exchange have risen 18 percent, reaching the highest levels in three years. Like the last time that prices reached this level, the surge is linked to disruption in Black Sea shipping. There is no sign that prices...

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Russian commercial fishing vessel sank

Photos: Russian Commercial Fishing Vessel Sinks at the Dock in Montevideo

Published Aug 27, 2026 4:41 PM by The Maritime Executive

The authorities suspect that an error while transferring fuel aboard the Russian-flagged commercial fishing vessel Alpa Crux caused it to lose stability and sink at its dock in Montevideo, Uruguay. The crew was evacuated without injuries, and the berth has been secured while the investigation begins. The fishing vessel Alpha Crux, built in Spain in 2003, was docked when the emergency call was issued around 7:30 p.m. local time on Tuesday, August 25. The ship, which is 50 meters (164...

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cruise ship leaving building dock

Fincantieri Floats First Next-Generation Cruise Ship for NCLH's Oceania

Published Aug 27, 2026 4:19 PM by The Maritime Executive

Fincantieri and Oceania Cruises, a brand of Norwegian Cruise Line Holdings, marked the float-out of the first of a new generation of cruise ships as NCLH moves forward with a strategy to align the fleet with the enhanced luxury positioning of the brand. The launch came the same day as the first of the line’s oldest ships prepared to leave the fleet. The new ship, named Oceania Sonata, was christened and floated out at the Fincantieri shipyard in Marghera, Italy....

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iStock

DNV: Efficiency Measures Are Shipping's Best Bet for GHG Reduction

Published Aug 27, 2026 3:33 PM by The Maritime Executive

The delay in adoption of the IMO's Net Zero Framework (NZF) has changed the outlook for low-emissions shipping, and DNV's annual Forecast to 2050 report reflects the new reality: fuel efficiency and flexibility are the new watchwords, and green fuels will likely be powering the back burner for years to come. The cost of developing a widely available green fuel supply remains the big challenge. While proposed green-fuel manufacturing projects totaling 270 Mtoe are slated for readiness by 2030, and...

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Offshore

Australia Bass Strait

Australia’s First Offshore Wind Energy Auction is Now Live

After delays and uncertainty among the developers, Australia has finally opened its first offshore wind energy auction. It has been a slow process for the country to move its offshore energy aspirations forward to catch up with its overall leadership in renewable energy. The first auction is coming from Australia’s Victoria state in the southeast of the country and home to the city of Melbourne. Officials point out that renewables account for 45 percent of the state's total electricity generation...

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Shipbuilding

inspection of large tanker during delivery

Hanwha Shipping Takes Delivery of Tanker as Fleet Construction Accelerates

The U.S.-based Hanwha Shipping, established in 2024, marked its next key milestone with the naming and delivery of its first VLCC tanker. It comes as the company’s fleet of three VLCCs and four LNG carriers are all moving into construction. The company first announced its plans to work with the group’s South Korean shipyard to develop LNG carriers for the international market. At the time, it was pointed out that they would be the first modern LNG carriers in the...

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Environment

bulker with wind propulsion and solar panels for electricity

Bulker Demonstrates Wind Propulsion Integrated with Solar Power

Demonstrations are underway on an innovative power solution retrofitted to an ultramax bulker as part of a four-year research project to advance modular retrofit solutions to reduce GHG emissions from the long-distance maritime industry. The project, named WHISPER, recently completed the installation of a rigid wingsail and solar panels on the dry bulk carrier Maria Tipoc as the first of two demonstrations, which will also involve a containership. The 60,155-dwt bulker was recently retrofitted by Tsuneiship Shipbuilding and is currently...

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Business

Dali containership and remains of bridge

Judge Dismisses Most of Remaining Dali Civil Damage Claims

The district court in Maryland, hearing the civil portion of the claims related to the containership Dali destroying Baltimore’s Francis Scott Key Bridge, ruled on August 25, dismissing many of the economic loss claims while also letting several claims proceed. The court up until this point had declined to decide on issues related to a 1927 U.S. Supreme Court ruling that had limited economic losses only to claimants that had a direct property interest in the damaged property, in this...

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