An F/A-18 Super Hornet takes off from carrier USS Abraham Lincoln (USN)

U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

Published May 5, 2026 10:41 PM by The Maritime Executive

German industrial giant Rheinmetall confirmed it is discussing a deal with MSC Mediterranean Shipping Company for the two companies to take over the bankrupt Mangalia shipyard in Romania. A year ago, MSC had expressed interest in the yard as the government was beginning a reorganization of the operations. Romanian government officials are reported to be negotiating a deal in which Rheinmetall and MSC would acquire the majority ownership in the yard, with the government retaining a small investment share. The...

Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht

Published May 5, 2026 9:29 PM by The Maritime Executive

Gossip column Page Six has obtained confirmation that Amazon founder Jeff Bezos is selling is megayacht, the $500 million sailing vessel Koru. The reason, according to the outlet's sources, is that the vessel has become "too recognizable" for the multibillionaire tech executive. Koru is among the world's most distinctive yachts - and not just because of her imposing three-masted silhouette, her 417-foot length or her elegant counter stern. Famously, the yacht's prow features a life-size bust of Bezos' second wife,...

Work Begins at Philly Shipyard on Next Two Matson Containerships

Published May 5, 2026 8:15 PM by The Maritime Executive

Matson and Hanwha Philly Shipyard marked construction milestones for the second and third new Aloha Class containerships being built at the yard. Along with the first ship, which started assembly in 2025, the three ships, which will be similar in size and speed to the two earlier vessels, will be among the largest containerships ever built in the United States. In a dual ceremony on May 5, the first grand block for the second ship, to be named Malama, was...

Destroyer USS Pinckney monitors traffic in the Gulf of Oman, May 2026 (USN)

After Attack on CMA CGM Boxship, Trump Suspends Hormuz Transit Corridor

Published May 5, 2026 8:04 PM by The Maritime Executive

On Tuesday, a cargo vessel was struck by a projectile in the Strait of Hormuz, according to UKMTO - the latest in a series of ship strikes that Iran has launched following the initiation of a U.S.-led maritime security corridor. Shortly after, President Donald Trump announced a temporary "pause" for the corridor program, which was intended to provide a security "umbrella" for merchant ships trapped in the Arabian Gulf to escape via the Omani sector of the strait. The initiative...

Shipping

Australia Bans Bulker After Finding Unpaid Wages and Charges for Water

The Australian Maritime Safety Authority (AMSA) is demonstrating its continuing determination to safeguard the well-being of seafarers through its ongoing enforcement of international regulations. Using what has now become a familiar tool, AMSA has, for the third time in less than two months, banned a vessel from Australian waters for six months after having violations of the Maritime Labour Convention, including accusations of not paying seafarers and charging them for potable water. In the latest case, the Liberia-flagged vessel FPMC...

Tugs & Salvage

U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

The U.S. military is matching Iran's new kinetic methods of blockade enforcement, switching to more forceful means to prevent an inbound tanker from running the naval cordon in the Gulf of Oman. According to the U.S. Central Command, the sanctioned, Iranian-flagged tanker Hasna (IMO 9212917) was under way and attempting to reach a port on Oman's Gulf of Oman coastline. U.S. forces issued several warnings to the Hasna's crew to cease movement or turn around, but the Hasna did not...

Government

Supercarrier USS Gerald R. Ford Transits Gibraltar into Atlantic

Eagle-eyed ship spotters confirmed what had been anticipated for days as the supercarrier USS Gerald R. Ford transited the Strait of Gibraltar on Wednesday, May 6. It was widely anticipated that the carrier was due to leave the Mediterranean, and the speculation is that she will reach her home base in Norfolk, Virginia, before the end of the month. The U.S. Navy has not confirmed the speculation that the long deployment is coming to an end, but Stars & Stripes...

Corporate News

Kongsberg Maritime to Supply Integrated Technology Package for Svitzer

[By: Kongsberg Maritime] Kongsberg Maritime has secured a contract from Cochin Shipyard Ltd. (CSL) to deliver a fully integrated equipment and technology package for Svitzer’s next generation of full?electric TRAnsverse tugs. The contract covers four vessels, with options for four additional units, and represents a significant step in Svitzer’s strategy to advance efficient, zero?emission harbour and terminal towage. Kongsberg Maritime’s scope extends across the full electrical and automation architecture, including DC and AC switchboards, PM Propulsion motors, and necessary shore...

Cruise Ships

Cruise Ship Hondius Underway After Three People Were Medically Evacuated

The expedition cruise ship Hondius, dealing with the outbreak of hantavirus, got back underway late on Wednesday, May 6, with its destination being reported as the Canary Islands. Earlier in the day, the World Health Organization, working with the RIVM (Dutch Institute for Public Health and Environment), effected the medical evacuation of two ill crewmembers and an asymptomatic passenger. The ship’s movement to the Canary Islands is being closely tracked, with the operator, Oceanwide Expeditions, reporting that discussions were still...

Ports

Sang Yi Leaves MARAD to Become President and CEO of Port Trade Group AAPA

Sang Yi, a naval reserve officer with a merchant mariner’s license who had been at the leadership of the U.S. Maritime Administration (MARAD) for the past 11 months, was named, effective immediately, the new president and chief executive officer of the American Association of Port Authorities (AAPA). Yi will lead the port association’s work to advance policies that support modern, safe, efficient, and competitive ports at a time when the U.S. maritime industry remains under pressure and looks to the...

Shipping

Australia Bans Bulker After Finding Unpaid Wages and Charges for Water

Tugs & Salvage

U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

Government

Supercarrier USS Gerald R. Ford Transits Gibraltar into Atlantic

Corporate News

Kongsberg Maritime to Supply Integrated Technology Package for Svitzer

Cruise Ships

Cruise Ship Hondius Underway After Three People Were Medically Evacuated

Ports

Sang Yi Leaves MARAD to Become President and CEO of Port Trade Group AAPA

Offshore

Military Permit Derails South Korea’s Anma Offshore Wind Project

Technical hurdles have been a primary risk in the development of offshore wind projects around the world. In South Korea, however, a non-technical issue is derailing the Anma offshore wind farm, proving how regulatory barriers could affect a project already in the construction phase. Anma is a 532 MW offshore wind farm project located 24 miles west of the South Korean Peninsula’s southwestern coastline. The $3.5 billion project was one of the successful bids on the 2024 fixed-price wind power...

Shipbuilding

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

Environment

IMO Adopts World’s Largest Emission Control Area and Other Issues at MPEC

While much of the Marine Environment Protection Committee (MPEC 84) was bogged down with political positioning and stalling tactics, the International Maritime Organization (IMO), however, reports decisions on a number of key initiatives, including the North-East Atlantic Control Area (ECA) as well as efforts on plastics and ballast water. The new Atlantic ECA is being billed as the world’s largest emission control area, extending the efforts in Northern Europe with a far broader reach. The efforts for the ECA had...

Business

Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht

Maritime Industry Conferences and Events

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U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht

Work Begins at Philly Shipyard on Next Two Matson Containerships

After Attack on CMA CGM Boxship, Trump Suspends Hormuz Transit Corridor

Australia Bans Bulker After Finding Unpaid Wages and Charges for Water

U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

Supercarrier USS Gerald R. Ford Transits Gibraltar into Atlantic

Kongsberg Maritime to Supply Integrated Technology Package for Svitzer

Cruise Ship Hondius Underway After Three People Were Medically Evacuated

Sang Yi Leaves MARAD to Become President and CEO of Port Trade Group AAPA

What Maritime Transition Means in Practice?

Containers Don’t Lie Symposium: Actionable Forum in Chaotic Times

From Fossil Fuels to Shore Power With the Port of San Diego

Australia Bans Bulker After Finding Unpaid Wages and Charges for Water

U.S. Navy Fighter Shoots Out the Rudder of an Iranian Tanker

Supercarrier USS Gerald R. Ford Transits Gibraltar into Atlantic

Kongsberg Maritime to Supply Integrated Technology Package for Svitzer

Cruise Ship Hondius Underway After Three People Were Medically Evacuated

Sang Yi Leaves MARAD to Become President and CEO of Port Trade Group AAPA

Military Permit Derails South Korea’s Anma Offshore Wind Project

Rheinmetall and MSC in Negotiations to Buy Romania’s Mangalia Shipyard

IMO Adopts World’s Largest Emission Control Area and Other Issues at MPEC

Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events