Report: Trump Administration Offers $1B to Cancel Two Offshore Wind Leases

USNS Amelia Earhart arriving Korea for maintenance

Korea’s HJ Shipyard to Buy Yard from HD Hyundai to Target US Navy Work

Published Mar 16, 2026 7:34 PM by The Maritime Executive

South Korea’s HJ Heavy Industries is set to increase its capacities dramatically with the acquisition of a large yard from HD Hyundai Heavy Industries. According to reports in the Korean media, one of the strategies is to expand the company’s maintenance and repair work with the U.S. Navy. The largest shareholder of HJ, Ecoprime Marine Pacific, which in turn is part of Dongbu Engineering & Construction, entered into an agreement with HD Hyundai that calls for the acquisition of the...

U.S. and allied warships under way for a NATO exercise in the Baltic, 2025 (USN file image)

Despite U.S. Demands, NATO Reluctant to Join Hormuz Mission

Published Mar 16, 2026 7:30 PM by The Maritime Executive

President Donald Trump has threatened NATO allies with a "very bad" future if they do not join in a proposed Strait of Hormuz naval escort mission, but so far there appear to be few takers. Having been excluded from the decision to go to war, and faced with the prospect of a complex fight in confined waters, some of Europe's leading powers are saying "no" in blunt terms; others are signaling that they will give the matter careful consideration, without...

One Net Unifies Four Maritime Tech Brands Under One Umbrella

Published Mar 16, 2026 7:18 PM by One Net

One Net launches as a global technology services provider built around what actually works in the world’s most demanding operating environments. Limassol, Cyprus — Fameline Technologies Group, a subsidiary of Fameline Holding Group, today announced the launch of One Net, a unified technology services organization formed from the consolidation of One Net, OneNovation, World-Link, and Telaccount. The move brings over 60 years of combined operational experience under a single brand, with a single mandate: deliver technology that solves real problems...

Two U.S. Offshore Wind Projects Reach Milestones

Published Mar 16, 2026 6:08 PM by The Maritime Executive

Two of the five large offshore wind power projects under construction in the United States simultaneously reached milestones at the end of last week, despite the ongoing effort by the Trump administration to derail the industry. Vineyard Wind 1 completed installation by hoisting its last turbine blade, while Revolution Wind delivered its first power to the New England grid. Both projects had faced opposition from the Trump administration. Revolution Wind had to challenge two stop-work orders issued by the Bureau...

Shipping

Eni Announces New Gas Find at Bahr Essalam, Expanding its Libyan Reserves

On Monday, Italian oil major Eni announced the discovery of two big gas finds off the coast of Libya, which will expand the supply available to European and Libyan customers. The two new reservoirs - Bahr Essalam South 2 and 3 - are located about 45 nautical miles off the Libyan coast in about 650 feet of water. They are part of the Metlaoui Formation, like other successful finds nearby. Eni assesses that they are of a high quality and...

Tugs & Salvage

Flight deck aboard USS Ford, March 6 (USN)

Report: USS Ford's Laundry Room Fire Left 600 Crewmembers Without Berthing

The recent fire aboard the supercarrier USS Gerald R. Ford was more significant than initially reported, sailors and officials have told the New York Times. It started as a laundry room fire, as accurately described in official statements, but did not stop there. Defense officials told veteran national security reporter Helene Cooper that the blaze spread through vent ducts and swept through the berthing areas for more than 600 people, about one-eighth of the total crew complement aboard. The Washington...

Government

Attack on Tanker Reported off Fujairah After Strikes on Oil Terminal

UK Maritime Trade Operations (UKMTO) reports a new attack on a tanker at the anchorage area off Fujairah, a key loading terminal for oil and bunker fuel. The tanker reported the strike just after 2300 hours GMT on Monday. The unknown projectile caused minor structural damage, UKMTO said, but no injuries to the crew. No pollution has been reported. It is the latest in a series of attacks on merchant shipping near the Strait of Hormuz, and a reminder that...

Corporate News

Panama Canal Administrator Shares Advancements at CMA Shipping Conference

[By: Panama Canal Authority] The Panama Canal Administrator, Dr. Ricaurte Vásquez Morales, took part in the Connecticut Maritime Association (CMA) Shipping Conference and Expo 2026, which brings together major stakeholders in the global maritime industry. At the conference, he shared the latest on the canal’s infrastructure development plan, as well as initiatives shaping its long-term role in global trade and assuring the passageway’s reliability. As a participant in a panel discussion moderated by CNBC’s Senior Maritime and Global Supply Chain...

Cruise Ships

World’s Largest Sail Yacht Cruise Ship Sets New Mark on Trials

The sail-powered cruise ship Orient Express Corinthian recently completed its propulsion tests, and builder Chantiers de l’Atlantique reports the ship achieved a speed first for a sailing ship of its size. The ship is preparing for its delivery and entry into service in May 2026 as Accor Group launches its first cruise offering. The Orient Express Corinthian is a 25,200 gross ton cruise ship that will have 54 suites with a capacity for 110 passengers. The ship measures 220 meters...

Ports

Port Everglades: A Diversified Cargo Gateway Built for Performance

In a maritime industry increasingly defined by reliability, capacity and connectivity, Port Everglades has solidified its position as one of the most diversified and resilient ports in the United States. Located in South Florida -- within one of the nation’s largest consumer markets -- the port offers shipping and cargo terminal operators a powerful combination of strategic geography, responsive infrastructure and a balanced cargo portfolio that spans containerized, dry bulk and breakbulk freight. For cargo executives evaluating gateways in the...

Shipping

Eni Announces New Gas Find at Bahr Essalam, Expanding its Libyan Reserves

Tugs & Salvage

Report: USS Ford's Laundry Room Fire Left 600 Crewmembers Without Berthing

Government

Attack on Tanker Reported off Fujairah After Strikes on Oil Terminal

Corporate News

Panama Canal Administrator Shares Advancements at CMA Shipping Conference

Cruise Ships

World’s Largest Sail Yacht Cruise Ship Sets New Mark on Trials

Ports

Port Everglades: A Diversified Cargo Gateway Built for Performance

Offshore

Report: Trump Administration Offers $1B to Cancel Two Offshore Wind Leases

In its latest move to derail the offshore wind energy industry, the Trump administration is reportedly proposing to buy back offshore wind power leases in exchange for investments in natural gas. In an exclusive report from The New York Times, they write that the Department of the Interior is offering to reimburse TotalEnergies nearly $1 billion if the company relinquishes leases in the New York Bight and off the coast of North Carolina. The newspaper reports it saw copies of...

Shipbuilding

Korea’s HJ Shipyard to Buy Yard from HD Hyundai to Target US Navy Work

Environment

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...

Business

Lack of Infrastructure Risks Undermining the Promise of Carbon Capture

Shipping is rapidly approaching the International Maritime Organization’s (IMO) 2030 checkpoints, by which the maritime industry must demonstrate at least a 20% total annual GHG emission reduction – measured against 2008 baselines – as established in the IMO’s 2023 Revised GHG Strategy. As 2030 approaches, supported by more stringent regulatory frameworks, shipping has experienced an acceleration in the development of innovative clean technologies for the reduction of GHG emissions. Prominent among these new solutions is the development and implementation of...

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