Tuesday, March 24, 2026
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Hai Phone Vietnam

Maersk’s APM Becomes Minority Shareholder in North Vietnam Terminal

Published Mar 23, 2026 7:40 PM by The Maritime Executive

Maersk’s APM Terminals is taking a 49 percent minority shareholder and operating partner position in the Hai Phong International Container Terminal in North Vietnam. The company notes the strategic location of the operation and its rapid growth while announcing it has also been chosen as part of the Gemini Cooperation’s East-West network. The terminal is located within the Lach Huyen port in Haiphong City, in the north of Vietnam. It is close to Hanoi and has strong access to the...

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A small craft for deploying floating mines (Islamic Revolutionary Guard Corps)

Report: Two Types of Iranian Mines Detected in Strait of Hormuz

Published Mar 23, 2026 7:20 PM by The Maritime Executive

Reports of Iranian mines in the Strait of Hormuz have circulated for weeks, but the most detailed signal yet comes from CBS, which now reports that U.S. intelligence has detected at least a dozen advanced mines of two types in the waterway. U.S. officials who are familiar with the latest intelligence told CBS that there are two types of Iranian mines emplaced in the strait. The first is an update on a familiar but deadly design: the buoyant, moored, high-explosive...

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humanoid welding robot

HD Hyundai Moving Forward with Humanoid Welding Robot for Shipyards

Published Mar 23, 2026 6:59 PM by The Maritime Executive

HD Hyundai has been working on several projects to develop technology that would support the use of humanoid robots to undertake precision tasks at its shipyard. The company announced on March 23 that it had completed a positive evaluation and is now moving to the next phase of the project. The parent company said HD Kore Shipbuilding & Offshore Engineering, the intermediary holding company for its shipyards, will be partnering with HD Hyundai Robotics and a U.S.-based industrial humanoid robotics...

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Bath Iron Works

Designers and Technicians Go on Strike at Bath Iron Works

Published Mar 23, 2026 5:56 PM by The Maritime Executive

A small group of workers at the Bath Iron Works walked off the job on Monday, March 23, in the first strike in six years at the critical government contractor. The strike is being conducted by about a tenth of the total workforce, specifically among designers, clerks, and technicians. The Bath Marine Draftsmen’s Association launched the strike for its 620-plus members out of a total yard workforce of more than 6,800 people. The union is a local within the UAW...

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Offshore

Port Arthur

Blast Shakes Valero's Port Arthur Refinery

On Monday, an explosion and fire hit the Valero refinery in Port Arthur, Texas, rattling windows and startling nearby residents. The refinery is one of the 10 largest in the United States, and any outage could have an effect on refined product prices during a period of peak global demand. The blast was reported at about 1700 hours at a processing unit inside of the plant, followed by flame and heavy smoke. The City of Port Arthur issued a shelter-in-place...

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Shipbuilding

humanoid welding robot

HD Hyundai Moving Forward with Humanoid Welding Robot for Shipyards

HD Hyundai has been working on several projects to develop technology that would support the use of humanoid robots to undertake precision tasks at its shipyard. The company announced on March 23 that it had completed a positive evaluation and is now moving to the next phase of the project. The parent company said HD Kore Shipbuilding & Offshore Engineering, the intermediary holding company for its shipyards, will be partnering with HD Hyundai Robotics and a U.S.-based industrial humanoid robotics...

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Environment

oil spill cleanup

Mexico Seeks ID of Tanker Responsible for Oil Discharge as Cleanup Proceeds

Mexican authorities reported over the weekend that cleanup efforts have intensified for an oil spill that it has been battling along the Gulf coast since nearly the beginning of the month. At the same time, they have said they suspect an unnamed tanker for the release and that they will continue the efforts to identify the vessel and take action under the environmental legislation. The President of Mexico, Claudia Sheinbaum, told reporters in her weekly press conference that they have...

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Business

A station closed due to fuel shortages during the 1973 oil shock (David Falconer / public domain)

IEA Chief: Gulf Energy Crisis is More Severe Than 1970s Oil Shocks

Benchmark Brent and WTI oil futures eased on Monday in response to the White House's claims of new peace talks with Iran, but the near-term energy outlook remains challenging, according to some of the world's leading authorities. IEA chief Fatih Birol told a press conference in Australia on Monday that the Strait of Hormuz shutdown is the equivalent of both 1970s oil shocks and the Ukraine-Russia natural gas shock of 2022, all rolled into one. "This crisis, as things stand,...

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