U.S. Coast Guard Seizes Fugitive Tanker After Transatlantic Chase

Bourbon Emerges From Long Restructuring With New Private-Equity Owners

Published Jan 6, 2026 8:03 PM by The Maritime Executive

French offshore services company Bourbon has completed its financial restructuring program with the support of two new majority shareholders. The outcome is an important step for Bourbon, which filed for financial reorganization in 2019 and went through a second round in 2025. It has been a long road for Bourbon, once the market leader in global offshore services. Facing financial pressure during the sector's downturn, the company began deferring repayment of its debts in mid-2018 through an agreement with its...

Japan Will Build World’s Largest Liquefied Hydrogen Carrier

Published Jan 6, 2026 6:18 PM by The Maritime Executive

A new project supported by the Japanese government is designed to provide the foundation for the future hydrogen supply chain. Four years after Japan demonstrated the world’s first liquified hydrogen carrier, the new project seeks to construct the next vessel on a commercial scale. The Green Innovation Fund Project is supported by Japan’s New Energy and Industrial Technology Development Organization (NEDO). The project has a budget of approximately $2 billion and is designed to demonstrate the entire supply chain for...

Rheinmetall, MBDA to Build Laser Weapon for Germany's Navy

Published Jan 6, 2026 6:09 PM by The Maritime Executive

Facing increasing threats from unmanned systems and an ongoing "hybrid warfare" security environment in Europe, Germany's navy is joining the rush to develop a laser weapons system for close-in defensive use. A newly-signed agreement between European air defense company MBDA and German conglomerate Rheinmetall is setting up a new joint venture for laser weaponry with the objective of producing an operational, uniquely German system. "This step demonstrates the potential of determined industrial and technological cooperation in Germany in order to...

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

Published Jan 6, 2026 5:37 PM by The Maritime Executive

The first large capacity vessel designed to support the efforts for the capture, transport, and storage or reuse of CO2 has been completed, marking a new segment for shipping. The vessel, which has a capacity of 22,000 cubic meters, is designed for charter operations and can move seamlessly between LCO2 transport and gas cargos, including LPG, ammonia, and selected petrochemicals. Greece’s Capital Maritime Group launched the new operation known as Capital Clean Energy Carriers to develop the emerging market. It...

Shipping

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

Tugs & Salvage

A Coast Guard helicopter arrives in St. Paul, delivering the survivors (USCG)

U.S. Coast Guard Rescues Nine From Grounded Fishing Vessel in Bering Sea

On Monday, a U.S. Coast Guard helicopter aircrew rescued nine crewmembers from a crab boat that grounded off the coast of St. George Island, a tiny outpost in the Bering Sea just southeast of St. Paul. The Arctic Sea was under way and laden with crab when she lost power off St. George, operator Erik Deakin told Anchorage Daily News. In 50-knot winds and 10-foot waves - not unusual for the Bering in January - the vessel drifted and grounded...

Government

U.S. Coast Guard Seizes Fugitive Tanker After Transatlantic Chase

After a protracted low-speed chase across the North Atlantic, the US Coast Guard has seized the sanctioned shadow fleet tanker Bella 1 in international waters near the GIUK Gap. The anonymous shipowner of Bella 1 attempted to move the ship to the Russian register and renamed her the Marinera several days ago, but US authorities appear to regard the ship as stateless and subject to US Treasury sanctions. Prior to attempting to make her call in Venezuela, the ship had...

Corporate News

Stena RoRo Enters Into 5 year Charter Contract with Marine Atlantic, Canada

[By: Stena RoRo] The ship will enter into service during the fall of 2026 following a period of customization to the intended trade such as ship to shore ramp arrangements, ships livery, a 5-year preventive maintenance program etc. The A Nepita is currently chartered to the French operator Corsica Linea and trading in the Mediterranean Sea. She is ice-class rated, equipped with three bow thrusters and a stern thruster for superior maneuverability and designed to transport both passengers and commercial...

Cruise Ships

Appeals Court Suspends Hawaii’s “Green Fee” for Cruise Ships Pending Appeal

Hawaii’s hotly contested and closely followed “Green Fee,” a new tax on hotels, short-stay rentals, and cruises, suffered a setback just hours before it was due to go into effect. It is the first tax of its kind imposed on tourists to contribute to the state’s costs of addressing environmental issues. Two judges on the U.S. 9th Circuit Court granted on New Year’s Eve (December 31) a last-minute request for an injunction in a suit brought by the cruise industry...

Ports

Latvia Investigates New Cable Damage Incident in the Baltic

Latvian authorities confirmed they are investigating damage to a subsea optical cable that happened at the end of last week in the Baltic. The authorities suspect a vessel might have been involved. Countries along the Baltic, along with NATO, have remained on high after for more than a year after possible sabotage efforts by vessels sailing in the Baltic. After several incidents of anchor dragging and damage to cables were confirmed, patrols have been increased. Latvia launched its investigation after...

Shipping

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

Tugs & Salvage

U.S. Coast Guard Rescues Nine From Grounded Fishing Vessel in Bering Sea

Government

U.S. Coast Guard Seizes Fugitive Tanker After Transatlantic Chase

Corporate News

Stena RoRo Enters Into 5 year Charter Contract with Marine Atlantic, Canada

Cruise Ships

Appeals Court Suspends Hawaii’s “Green Fee” for Cruise Ships Pending Appeal

Ports

Latvia Investigates New Cable Damage Incident in the Baltic

Offshore

Connecticut and Rhode Island File Suit in Support of Revolution Wind

The states of Connecticut and Rhode Island are the latest to join the growing list of court cases filed against the Trump Administration’s suspension of work on five offshore wind farm projects. The states filed suit on Monday in the U.S. District Court for the District of Columbia in support of the Revolution Wind project, which is being developed by Ørsted and a division of BlackRock. It is the second time the two states have joined the legal battle to...

Shipbuilding

Japan Will Build World’s Largest Liquefied Hydrogen Carrier

Environment

Researchers Say the Oceans Have Passed a Milestone for Acidification

[By Anna Napolitano] The past 12 months have been worrying for researchers who study the chemistry of the ocean. More and more evidence has been published showing that human activities are fundamentally altering this chemistry in an acidic direction. At the end of 2025, it seems clear ocean acidification is pushing the largest habitat on Earth into a risky zone. Ocean acidification is part of the global carbon cycle. When carbon dioxide dissolves in water, it forms carbonic acid. This...

Business

A floating modular nuclear power station based on molten salt reactor technology, granted an AIP by BV in 2022 (BV)

Regulatory and Liability Challenges to Unlocking Nuclear Power for Maritime

2025 was a challenging year for the maritime industry’s decarbonization efforts. Reports at the beginning of the year highlighted that despite an acceleration in the industry’s engagement in low-carbon clean technologies, international shipping emissions were said to have largely returned to 2008 levels. Positive signals came early in January with the introduction of FuelEU Maritime (FEUM), which represents one of the most comprehensive pieces of regional emissions legislation to date, and which seeks to incentivize the integration of low-carbon alternative...

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U.S. Coast Guard Seizes Fugitive Tanker After Transatlantic Chase

Bourbon Emerges From Long Restructuring With New Private-Equity Owners

Japan Will Build World’s Largest Liquefied Hydrogen Carrier

Rheinmetall, MBDA to Build Laser Weapon for Germany's Navy

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

U.S. Coast Guard Rescues Nine From Grounded Fishing Vessel in Bering Sea

U.S. Coast Guard Seizes Fugitive Tanker After Transatlantic Chase

Stena RoRo Enters Into 5 year Charter Contract with Marine Atlantic, Canada

Appeals Court Suspends Hawaii’s “Green Fee” for Cruise Ships Pending Appeal

Latvia Investigates New Cable Damage Incident in the Baltic

California Protects Blue Whales and Blue Skies With Historic State Law

One Event. World Of Maritime. This February, Copenhagen is the Place to Be

Drew Marine Insights Tour: Connecting Expertise with Shipboard Challenges

World’s First Large LCO2/Multi-Gas Carrier Delivered to Capital

U.S. Coast Guard Rescues Nine From Grounded Fishing Vessel in Bering Sea

U.S. Coast Guard Seizes Fugitive Tanker After Transatlantic Chase

Stena RoRo Enters Into 5 year Charter Contract with Marine Atlantic, Canada

Appeals Court Suspends Hawaii’s “Green Fee” for Cruise Ships Pending Appeal

Latvia Investigates New Cable Damage Incident in the Baltic

Connecticut and Rhode Island File Suit in Support of Revolution Wind

Japan Will Build World’s Largest Liquefied Hydrogen Carrier

Researchers Say the Oceans Have Passed a Milestone for Acidification

Regulatory and Liability Challenges to Unlocking Nuclear Power for Maritime

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events