Tuesday, May 05, 2026
Media Kit
Iranian crude oil tanker

Indonesia Says Iranian Tankers Have Legal Right of Passage in Lombok Strait

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Sang Yi

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

Published May 5, 2026 4:42 PM by The Maritime Executive

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...

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Hondious expedition cruise ship

Cruise Ship to Sail to Canary Islands After Medical Evacuation of Ill Crew

Published May 5, 2026 3:34 PM by The Maritime Executive

The situation with the expedition cruise ship Hondius continues to unfold as the World Health Organization (WHO) and multiple local authorities coordinate to address the ongoing viral outbreak aboard the ship. The latest reports indicate that no further cases have been identified, although a second case of hantavirus was confirmed, and after a medical evacuation, the ship will head toward the Canary Islands. The situation began developing after the cruise ship departed Argentina on an extended repositioning cruise after a...

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Larak, center, sits just east of Qeshm at the apex of the strait (NASA Worldview)

The IRGC's Positions on Larak Overlook the "Tehran Tollbooth" Route

Published May 5, 2026 3:14 PM by The Maritime Executive

Larak Island, to the south of and covering the approaches to Iran’s largest port at Bandar Abbas, has achieved some notoriety in recent weeks as the island which Iran’s IRGC says merchant traffic must circumnavigate to transit the Strait of Hormuz on Iranian terms. Larak is largely barren, a plug of sandstone 134 meters at its highest. The only settlement is the village of Larak on the northern side of the island, which is graced by the remains of a...

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The dark fleet sanctioned VLCC Dore loading at the Kooh Mobarak SBM on March 7 (Sentinel-2)

Iran's Jask Oil Terminal: A Squandered $2 Billion Investment

Published May 5, 2026 2:09 PM by The Maritime Executive

President Rouhani of Iran, in his last days in office in July 2021, declared the Jask oil terminal project completed. The $2 billion project involved the construction of a 685-mile, 42-inch pipeline to bring oil from the crude collection point at Goreh in Bushehr Province to a storage facility and oil export terminal at Kooh Mobarak, 33 miles north-west of Jask in the Gulf of Oman. The opening of the project was premature, and in parliament the President was criticized...

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Offshore

South Korean offshore wind farm

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...

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Shipbuilding

Matson shipbuilding containerships

Work Begins at Philly Shipyard on Next Two Matson Containerships

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...

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Environment

ship emitting smoke

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...

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Business

dry bulk carrier

Diana Shipping Increases Pressure on Genco With Unsolicited Tender Offer

The now long-running takeover battle designed to reshape the dry bulk segment took a new turn as Diana Shipping announced it has opened a tender offer for the shareholders of Genco Shipping. It is the latest step in the five-month battle that shows no signs of being resolved. Diana launched the offer to acquire the shares of Genco that it does not already own, and later increased the valuation after questions were raised about its ability to finance the combination....

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