Wednesday, July 08, 2026
Media Kit
A missile approaches three IRGC attack boats, July 7 (U.S. Central Command)

U.S. and Iran Trade Retaliatory Strikes in Contest for Control of Hormuz

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bulker grounded

Bulker Casualties Decline While Liquefaction and Flooding Remain Key Risks

Published Jul 7, 2026 6:15 PM by The Maritime Executive

The industry trade group INTERCARGO released a new report on vessel casualties and lives lost in the bulker community, highlighting an overall decline over the past decade. It, however, emphasizes the continued need for enforcement and training, noting that liquefaction and flooding remained the biggest dangers and resulted in the most lives lost. Over the decade from 2016 to 2026, it reports there were 17 bulker casualties among vessels 10,000 dwt or larger. It says that a total of 71...

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containership

DP World Acquires Containership to Expand Indian Coastal Shipping

Published Jul 7, 2026 5:43 PM by The Maritime Executive

DP World has become the latest carrier to buy and transfer a containership into the Indian register to expand its coastal service and meet India’s cabotage regulations. The company announced the launch of its newly acquired vessel, DP World Indus (45,500 dwt), adding to its operation of 10 dedicated vessels serving 14 ports in India. The company took ownership of the 2012-built vessel, which had been operating as the CUL Jakarta and was registered in Liberia. The ship, which measures...

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Schooner pilot (sunken) and Victory Chimes (still afloat) (Alex Pincus / Crew)

Two Historic Schooners Sink Side-by-Side at a Brooklyn Pier

Published Jul 7, 2026 5:17 PM by The Maritime Executive

Two historic schooners owned by a hospitality company in Brooklyn went down in uncertain circumstances this week, bringing part of the U.S. East Coast's maritime heritage to an apparent end. On July 1, in the midst of a squall, the schooner Pilot - most recently used as a bar by the local hospitality firm Crew - went down next to a disused grain terminal in Red Hook, Brooklyn. The 102-year-old racing schooner came to a rest on the bottom, leaving...

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RS 125 Det Norsk Veritas (file image courtesy Redningsselskapet)

Norwegian Diver Receives IMO Bravery Award for a Selfless Rescue Attempt

Published Jul 7, 2026 4:08 PM by The Maritime Executive

The IMO has selected a Norwegian rescue diver who died in action for its annual award for Exceptional Bravery at Sea. Chief mate Adrian Willyson Brask of the Norwegian Society for Sea Rescue gave his life in attempting to save a child from a capsized vessel last year, a selfless act that will be memorialized with international recognition. On September 26, 2025, a chartered fishing vessel capsized in strong tidal currents in the Nappstraumen region of Lofoten, a remote archipelago...

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Offshore

Equinor illustration

Equinor Buys Out BP's Stake in Bay du Nord Project off Newfoundland

Equinor has bought out the interests of its partner BP in the Bay du Nord offshore field off the coast of Newfoundland and Labrador, making it full owner of a promising oil project in a famously difficult operating region. "Over the past few years, we have strengthened Bay du Nord by improving the business case and reducing key risks. This transaction reflects our confidence in the project as we continue maturing it towards a final investment decision," said Equinor EVP...

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Shipbuilding

A prototype Romulus hull under construction at Breaux Brothers (HII)

HII Adds Another Workboat Shipyard to its Unmanned-Vessel Program

In the latest sign of the growing opportunities for smaller shipyards in the unmanned-systems sector, Huntington Ingalls Industries has contracted with a second Louisiana-based workboat yard to build its Romulus USV platform. Romulus is a fast, midsize USV designed to meet the Navy's MUSV program requirements: a containerized-payload carrier with a capacity of two FEU and a range of 2,500 nautical miles. It was one of seven competing designs approved to enter the "prototype evaluation phase" of the MUSV competition...

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Environment

Copernicus Marine Service

Ocean Surface Temperatures Are Setting New Records Again

Amidst a record-setting summer heat wave in Europe, the EU-sponsored Copernicus Marine Service has released a familiar message: a new record global sea surface temperature, making 2026 the third year in the last four that this threshold has been passed. The incremental difference is small, about 0.1 degrees C over the previous records for the date of June 21, and it was expected. With El Nino conditions arriving in the Pacific, and high heat events observed in other ocean basins,...

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Business

In addition to shipbuilding, Fincantieri will now be directly invested in marine operations and services (File image courtesy NextGeo)

Fincantieri Bets Big on Subsea Services With Four Acquisitions

Fincantieri is branching out from shipbuilding with a big bet on subsea services and technology. It has announced the acquisition of four smaller Italian companies, financed through a capital raise that it completed earlier this year. All of the firms' existing management teams will be retained. The first acquisition is the offshore survey and subsea construction company NextGeo, a division of the largest Italian offshore services firm, Marnavi Group. As part of Marnavi, NextGeo had access to 15 offshore vessels...

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