Thursday, March 05, 2026
Media Kit
IRIS Dena (Fars file image)

Iranian Frigate Torpedoed and Sunk off Sri Lanka, At Least 83 Dead

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Waiting to profit: empty tankers lined up at the Strait of Hormuz starting line off Fujairah, Khor Fakkan and Dibba (MarineTraffic)

Positioning of Unladen Tankers Signals Shipping's Risk-Reward Calculations

Published Mar 4, 2026 5:36 PM by The Maritime Executive

Shipowners and managers, and ultimately ship masters, have the ultimate responsibility for assessing risk to their vessels and their cargoes. Governments may be keen to persuade operators that the coast is clear, in support of attaining political objectives, but captains always need to be the final arbiter, not the least because lives are at risk. Hence the behavior of tankers, in particular those with freedom of movement outside the Gulf, gives an indication of how the non-government world is assessing...

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offshore wind service vessels

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Published Mar 4, 2026 5:35 PM by The Maritime Executive

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has entered into agreements for the potential sale of its fleet. News of the potential sale of the company’s ships came via an Oslo Stock Exchange filing by Wilh. Wilhelmsen, one of the investors, signals a further consolidation in the market. The company was started in 2015 by Østensjø Group, an offshore provider, and announced plans for building a dedicated fleet of...

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Hamburg, Germany

Hamburg Maritime Forum 2026: An Ambitious Landmark Edition

Published Mar 4, 2026 5:27 PM by The Maritime Executive

Transformation in shipping is no longer a distant objective — it is an immediate responsibility. On April 21–22, the Hamburg Maritime Forum 2026 will provide the setting where that responsibility turns into coordinated action. Hosted in Hamburg, one of Europe’s most influential maritime capitals, the event is positioned as a central meeting point for leaders determined to move the industry forward. Built around the theme “Lead the Change: From Commitment to Implementation,” the forum will emphasize execution over intention. The...

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LNG carrier after fire and explosion

Russia Accuses Ukraine of Attack as Gas Carrier Sinks in the Mediterranean

Published Mar 4, 2026 3:55 PM by The Maritime Executive

Russia’s Ministry of Transportation issued a statement condemning Ukraine and calling the attack on the gas carrier Arctic Metgas on Tuesday, March 3, terrorism. Its statement came as the Libyan Ports and Maritime Transport Authority reported the vessel had sunk overnight. Officials in Malta had confirmed the incident on Tuesday after images and videos began circulating online. They had monitored the incident after reporting that it was in the Libyan search and rescue zone. The laden gas carrier Arctic Metagas...

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Offshore

Maersk Offshore Wind Turbine Installation Vessel

Seatrium Delivers WTIV to Maersk Offshore Wind

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

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Shipbuilding

Ferguson Marine Glasgow Scotland

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

The Scottish government is moving forward with a plan to award the financially troubled Scottish shipbuilder Ferguson Marine four new contracts as a lifeline to keep the yard afloat. The yard fell into administration and was taken over by the government in 2019 in an effort to keep shipbuilding in Glasgow. Awarding the yard new contracts is seen as a step toward transitioning the yard back to private ownership. “This is a watershed moment,” said Deputy First Minister Kate Forbes...

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Environment

Trawlers

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

A new meta-study published in Nature Ecology & Evolution suggests that ocean warming has an outsize impact on the total amount of fish in the water, enough to have major implications for global fisheries. The study, led by researchers at Spain's Museo Nacional de Ciencias Naturales, looked at hundreds of thousands of studies of fish populations in the Northern Hemisphere over a period of nearly 30 years, spanning 1993-2021. The vast data set covered more than 1,500 fish species and...

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Business

offshore wind service vessels

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has entered into agreements for the potential sale of its fleet. News of the potential sale of the company’s ships came via an Oslo Stock Exchange filing by Wilh. Wilhelmsen, one of the investors, signals a further consolidation in the market. The company was started in 2015 by Østensjø Group, an offshore provider, and announced plans for building a dedicated fleet of...

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