Three Vessels Struck in Strait of Hormuz as Iran’s Grip Loosens

Ras Laffan, Qatar, 2012 (Matthew Smith / CC BY 2.0)

LNG Prices Fall From 2026 Highs

Published Sep 30, 2026 3:28 PM by The Maritime Executive

In a development which has surprised even traders in the London LNG commodities market, prices for LNG have been falling and come off year-long peaks in recent days, despite there being no agreement on a return to normality in the Strait of Hormuz. With vessels navigating with AIS transponders off, and all operators maintaining tight operational security over movements, it is difficult to give an accurate picture of traffic flows through the Strait. But commodity brokers and ship brokers guess...

Five Seafarers Killed as Crackdown on Somali Pirates Proceeds

Published Sep 30, 2026 12:45 PM by The Maritime Executive

The authorities in the semi-autonomous region of Puntland within Somalia confirmed the earlier reports that five seafarers were killed on Tuesday, September 29, as they proceeded with a crackdown on the pirates operating along the coast. The reports are now indicating that all the vessels being held in the Puntland region have been freed, although one remains held in a neighboring state. The details on the death of the five seafarers vary by report, but they were all crew aboard...

Carnival Outperforms in Q3 While Providing a Strong Outlook for Cruising

Published Sep 29, 2026 9:34 PM by The Maritime Executive

Demonstrating the strength in the cruise industry and its ability to navigate global challenges, Carnival Corporation reported quarterly results with all-time highs in revenues, net income, and yields, while presenting a strong outlook. Indeed, management said accelerating demand and even stronger cost discipline drove “results ahead of our expectations.” CEO Josh Weinstein pointed to accelerated bookings that had started in June and carried through the quarter. Despite concerns over the economy and geopolitical disturbances, he believes consumers are placing a...

Ukraine Accused of Attack on Turkish Bulker with One Seafarer Missing

Published Sep 29, 2026 7:55 PM by The Maritime Executive

Ukraine’s Defense Forces are being accused of an attack on a Turkish-owned bulker that has left one seafarer missing. There has been no official comment on the incident, but the family of the missing sailor posted online, and independent watchdog organizations pieced together some of the details. The vessel Aroyat (18,315 dwt) was reported to have been in the vicinity of Novorossiysk, Russia, when it was struck on September 27. The vessel’s AIS signal shows its last port call in...

Shipping

Galician Coast Guard Conducts Long-Distance Medical Evacuation of Sailor

The Galician Coast Guard is reporting the successful evacuation of a seriously injured crewmember from a fishing vessel, despite challenging conditions. It required a 3.5-hour flight to reach the fishing vessel, Armaven Uno. The boat was more than 100 miles northwest of Cabo Vilan, in northwestern Spain. The fishing vessel was encountering strong winds of 30 knots and waves up to 4 meters (13-plus feet). The 102-foot trawler had set out from Ireland two weeks ago, according to the newspaper...

Tugs & Salvage

Mystery Deepens Around MSC Boxship After Vietnam Reports Medical Evacuation

The mystery continues around the circumstances around the MSC Hermes III containership after Vietnamese authorities reported an emergency evacuation of a crewmember from the vessel on Tuesday, September 29. Last week, on September 22, the Maritime and Port Authority of Singapore reported it had coordinated the evacuation of the vessel, which later appeared to be under tow. The Vietnam Maritime Search and Rescue Coordination Center reported it received an urgent call for aid on September 28 while the vessel was...

Government

An illustration of the planned liquefaction trains at the Alaska LNG liquefaction terminal (file image)

Trump Unveils $54B Korean Investment in Alaska LNG Project

On Wednesday, President Donald Trump unveiled a $54 billion commitment from Korean investors to build the Alaska LNG pipeline and liquefaction project, a unique energy export initiative that has been under discussion for years. "Today we're thrilled to announce one of the largest energy infrastructure investments in American history," Trump said. "Thanks to the agreements my administration has secured with the Republic of Korea, they will invest up to $200 billion to build a six gigawatt power generation facility in...

Corporate News

Kongsberg Maritime to deliver AUV hangar and subsea docking system for new research vessel

Kongsberg Maritime Delivers AUV Hangar & Subsea Docking System for Vessel

[By: Kongsberg Maritime] Kongsberg Maritime has secured a contract to deliver an Autonomous Underwater Vehicle (AUV) Hangar and Launch & Recovery System for a new large research vessel being built by VARD for Inkfish. The system represents a step forward in AUV operations. It combines a dedicated AUV hangar with subsea docking technology, enabling HUGIN AUVs to be launched, recovered and docked below the sea surface, where wave impact is significantly reduced. This increases operational safety and allows operators to...

Cruise Ships

ultra-large cruise ship under construction

Construction is Underway on More Giants for Cruising

The pace of construction on the next generation of ultra-large cruise ships is gaining momentum. The ships are being floated out of their assembly docks and going on sea trials, while steel cutting and block assembly are already underway for even more of the giants. For years, Royal Caribbean International’s two Oasis-class ships at 225,000 gross tons were the outliers, with none of the large, contemporary segment cruise lines willing to jump the 200,000 gross ton milestone. Imaginative concepts were...

Ports

Inland Barge Grounds Stranding Cargo of Mercedes in Düsseldorf

Low water levels on Germany’s sections of the Rhine have been challenging inland cargo vessels since the height of the summer, but now a vessel loaded with Mercedes Sprinter vans has stranded in Düsseldorf. German authorities are reporting the Rhine is effectively cut in two, reducing the movement of cargo from ports, including Düsseldorf, out to the ocean ports. The Dutch-flagged barge Terra 2 (135 meters – 443 feet in length) had loaded a cargo of 168 Mercedes vans and...

Shipping

Galician Coast Guard Conducts Long-Distance Medical Evacuation of Sailor

Tugs & Salvage

Mystery Deepens Around MSC Boxship After Vietnam Reports Medical Evacuation

Government

Trump Unveils $54B Korean Investment in Alaska LNG Project

Corporate News

Kongsberg Maritime Delivers AUV Hangar & Subsea Docking System for Vessel

Cruise Ships

Construction is Underway on More Giants for Cruising

Ports

Inland Barge Grounds Stranding Cargo of Mercedes in Düsseldorf

Offshore

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...

Shipbuilding

Five Issues That Derail Vessel Control System Modernizations

A vessel control system modernization can look straightforward on paper: remove aging components, install new hardware and software, test the system and return the vessel to service. In practice, the most difficult problems are rarely caused by a single PLC, display or sensor. They develop at the interfaces between old and new equipment, between drawings and actual shipboard conditions, and between the organizations responsible for design, installation and commissioning. 1. Starting with incomplete information Many working vessels have been modified...

Environment

Maersk Completes First Ethanol Bunkering in US Testing Bioethanol

Maersk reports it recently completed the first ship-to-ship commercial ethanol bunkering of a container vessel in the United States. It was a 100 percent bioethanol blend from U.S. producer Poet as part of an ongoing trial by Maersk of ethanol and alternative fuels. The bunkering took place aboard the Tangier Maersk, a recently delivered mid-size vessel built in China and delivered in February this year. The ship, which is 270 meters (900 feet) in length, has a capacity of 9,000...

Business

Carnival Outperforms in Q3 While Providing a Strong Outlook for Cruising

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Three Vessels Struck in Strait of Hormuz as Iran’s Grip Loosens

LNG Prices Fall From 2026 Highs

Five Seafarers Killed as Crackdown on Somali Pirates Proceeds

Carnival Outperforms in Q3 While Providing a Strong Outlook for Cruising

Ukraine Accused of Attack on Turkish Bulker with One Seafarer Missing

Galician Coast Guard Conducts Long-Distance Medical Evacuation of Sailor

Mystery Deepens Around MSC Boxship After Vietnam Reports Medical Evacuation

Trump Unveils $54B Korean Investment in Alaska LNG Project

Kongsberg Maritime Delivers AUV Hangar & Subsea Docking System for Vessel

Construction is Underway on More Giants for Cruising

Inland Barge Grounds Stranding Cargo of Mercedes in Düsseldorf

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

Galician Coast Guard Conducts Long-Distance Medical Evacuation of Sailor

Mystery Deepens Around MSC Boxship After Vietnam Reports Medical Evacuation

Trump Unveils $54B Korean Investment in Alaska LNG Project

Kongsberg Maritime Delivers AUV Hangar & Subsea Docking System for Vessel

Construction is Underway on More Giants for Cruising

Inland Barge Grounds Stranding Cargo of Mercedes in Düsseldorf

New Zealand Invests $20 Million in New Offshore Gas Projects

Five Issues That Derail Vessel Control System Modernizations

Maersk Completes First Ethanol Bunkering in US Testing Bioethanol

Carnival Outperforms in Q3 While Providing a Strong Outlook for Cruising

Maritime Industry Conferences and Events

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