Saturday, January 24, 2026
Media Kit
icebreaker freeing cruise ship in Antarctica

USCG Polar Star Marks 50 Years by Aiding Cruise Ship Caught in Pack Ice

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port in Balboa, Panama

Report: Hutchison Explores New Structure to Sell Port Terminals

Published Jan 23, 2026 5:23 PM by The Maritime Executive

CK Hutchison is reported to be exploring a new path to structure the deal for the company to sell its interest in terminal operations at 43 ports in 23 countries, including the controversial terminals at each terminus of the Panama Canal. The company announced in March 2025 that it had reached terms to sell the terminal portfolio in a deal valued at $22.8 billion, but it slowly unraveled as China said the company owned by billionaire Li Ka-shing was betraying...

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oil tanker

US Treasury Sanctions Tankers in the Name of Helping Iranian Protestors

Published Jan 23, 2026 2:58 PM by The Maritime Executive

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Friday, January 23, that it is increasing pressure on Iran by sanctioning nine additional tankers and their respective owners. In announcing the action, Treasury Secretary Scott Bessent said it was going after Iran’s funding to increase pressure as the regime is killing peaceful protestors. The announcement said the actions were to support the protestors, citing the crackdown by the Iranian regime and the shutdown of the...

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SAR bulker crew

China and Philippines Rush to Save Seafarers After "K" Line Bulker Sinks

Published Jan 23, 2026 12:40 PM by The Maritime Executive

A Search and Rescue operation was underway in the South China Sea near one of the most disputed regions in the world after a Singapore-flagged bulker went down overnight. Both China and the Philippines dispatched ships and planes to the area, with the elements of political rivalry between the countries playing into the reporting of the incident. The dry bulk carrier Devon Bay (56,000 dwt) issued a distress call late on January 22, reporting the vessel was listing. No details...

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Bayesian

Shipbuilder Sues Owner of Lost Superyacht Bayesian

Published Jan 22, 2026 10:44 PM by The Maritime Executive

The builder of the lost superyacht Bayesian has filed a $500 million lawsuit against a company held by Angela Bacares, widow of tech billionaire Mike Lynch, who owned the vessel and was killed in the sinking. The shipbuilder alleges that the crew of the vessel caused the sinking through negligence, thereby damaging the builder's reputation and causing the loss of valuable business relationships. Bayesian capsized and sank at anchor in a sudden squall at Porticello, Sicily on August 19, 2024....

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Offshore

20 MW offshore wind turbine

China Installs First 20 MW Offshore Wind Turbine

China continues to build its global lead in offshore wind energy. In the latest development, a national research and development project has successfully installed the first 20 MW offshore wind turbine. The massive turbine was recently installed in the southern Fujian Province, which is located north of Hong Kong and borders the Taiwan Strait. The turbine was installed on water depth of 130 feet (40 km) at a position approximately 18 miles (30 km) offshore. The turbine, built by Goldwind,...

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Shipbuilding

Indonesia shipbuilding

Indonesian Frigate Order Reflects SE Asian Naval Modernization

During a visit of Indonesian President Prabowo Subianto to the United Kingdom last week, a Letter of Intent was signed by the Indonesians with David Lockwood, CEO of Babcock, for licenses to build two further general purpose frigates drawing on the Arrowhead 140 design. The Arrowhead 140 design forms the basis of the Babcock Type 31 frigates ordered by the Royal Navy and by Poland, and which are also in contention for orders from Denmark and Sweden. The first two...

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Environment

European ferries

Interferry Demands Pause for EU ETS Due to Inequities and Use of Funds

Interferry, the global trade association for the ferry industry, is calling for an immediate halt to the further phasing-in of the EU Emissions Trading System (ETS) for the maritime sector. The group is citing inequities and a severe competitive disadvantage as road transport remains exempt from the program. Further, it alleges that a lack of a funding scheme for e-fuels and investments such as electrification means the monies are instead being diverted to national member state budgets. The trade group...

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Business

methanol-fueled containership

CMA CGM on Track with Growth as it Puts 400th Owned Ship in Service

French carrier CMA CGM highlights that it will be putting its 400th owned ship (in a fleet of over 650 vessels) into service as it continues its growth strategy. The company highlighted its status as the first vessel in a new series of methanol dual-fuel vessels, and as it continues on track to surpass Maersk as the second-largest global container carrier. CMA CGM reports that its operations serve more than 420 ports across five continents, and in 2024, it transported...

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