Drillship Cagri Bey (Aplarslan Bayraktar)

Turkey Dispatches New Drillship to Waters off the Coast of Somalia

Chevron Signs Deals for E&P Acreage off Greece

Published Feb 16, 2026 9:16 PM by The Maritime Executive

On Monday, Chevron signed a large-scale deal for the rights to four E&P blocks off the coast of Greece, expanding the company's Mediterranean portfolio and Greece's prospects for energy independence. The newly-awarded lease areas are in the southern Greek EEZ and cover a combined area of about 18,000 square miles, consisting of two south of the Pelopponese and two blocks south of Crete. The latter two areas are said to be the most promising candidates for gas exploration. Chevron holds...

Scottish Shipbuilder Tapped for Innovative Workboat Enters Administration

Published Feb 16, 2026 7:28 PM by The Maritime Executive

A small, family-run shipbuilder that received UK government funds for an innovative project has lapsed into administration. Coastal Workboats Scotland was also unique for its location in the Outer Hebrides, with reports that it was the first shipbuilder in the area in more than 100 years. The company relocated its shipyard operations to Goat Island in Stornoway in the Outer Hebrides under a November 2023 agreement with Stornoway Port. It entered into a 10-year lease for a site for the...

Macquarie Agrees to Buy Australian Ports and Logistics Company Qube

Published Feb 16, 2026 7:19 PM by The Maritime Executive

After nearly three months of negotiations, Qube Holdings announced today that it has agreed to be acquired by Macquarie Asset Management, an Australia-based global asset management company with more than A$720 billion (US$509 billion) under management. The deal implies an enterprise value for Qube of approximately A$11.7 billion (US$8.3 billion). Macquarie had first approached Qube in November 2025 with a non-binding proposal for the acquisition. The deal is a nearly 28 percent premium to the November 2025 share price. Macquarie...

Freighter Hits Former Yugoslav Ruler's Yacht at Rijeka, Croatia

Published Feb 16, 2026 7:08 PM by The Maritime Executive

Last week, a Turkish-owned freighter hit the former yacht of Yugoslavia's president-for-life Josip Broz Tito, currently under renovation for use as a museum ship in Rijeka, Croatia. On Friday night, the freighter Deniz Akay was maneuvering in port when she lost propulsion, likely due to a technical fault, according to local media. She went adrift and allided with the historic vessel Galeb (Seagull), which was moored across the harbor against the breakwater. Akay was retrieved and taken to a nearby...

Shipping

NATO Prepares to Demonstrate its Greenland Defense Plans

NATO is to conduct a series of integrated exercises to test and exercise plans for the defense of the High North and Greenland. A keynote of the plans is the engagement of numerous NATO nations but also use of NATO command and control structures. British involvement in the plan was announced by British Prime Minister Sir Keir Starmer at the Munich Security Conference last week. The United Kingdom will deploy a Royal Navy carrier strike group (CSG) led by HMS...

Tugs & Salvage

Study: A Fire Tornado Could be Used to Clean Up Oil Spills

When the worst large-scale oil spills happen, responders turn to methods that have tradeoffs. Dispersants make the visual problem go away, causing the slick to break up and disappear into the water column before reaching shore, but have environmental effects. Burn-offs - intentional or accidental - reduce the volume of concentrated oil pools on water, but they also generate toxic smoke. A new study by a team at Texas A&M suggests that oil burn-offs can be carried out far more...

Government

Asphalt Star, seen here in earlier service as the Glory Star, 2011 (mgklingsick@aol.com / VesselFinder)

Indian Tanker Seizures Threaten Market Shift and Rift With Iran

The Indian seizure of three dark fleet tankers associated with Iranian oil exports has been well-known within the industry for days, even though the Indian Coast Guard quickly withdrew a post describing their seizure. But now Reuters has confirmed that the seizures did indeed take place, and that the tankers are being held off the western Indian coast by the Indian Coast Guard. On February 5, the ICG boarded three Iran-associated sanctions-busting tankers about 100 nautical miles to the west...

Corporate News

CMA CGM Group, Marlink, & Eutelsat to Deploy OneWeb LEO Connectivity

[By: Marlink] CMA CGM Group, Marlink and Eutelsat have announced a partnership to deploy OneWeb LEO connectivity across CMA CGM’s global maritime fleet. The solution integrates European-based Eutelsat OneWeb’s Low Earth Orbit (LEO) services combined with existing LEO and GEO networks within a broader hybrid network architecture, enabled by Marlink’s purpose-built edge platform, XChange NextGen. Under this new, multi-year agreement, OneWeb LEO services will be deployed on more than 300 CMA CGM vessels over the next nine months. Delivered and...

Cruise Ships

Norwegian Cruise Line Holdings Adds Three Ships Extending Orders to 2037

Norwegian Cruise Line Holding and Fincantieri announced that they have added three more orders to an already large cruise ship orderbook, extending deliveries to 2037. It follows a trend in the industry to lock in the limited building slots at the major yards as the major cruise lines plan long-term capacity additions and fleet modernization. The new order adds three sister ships to already planned classes of cruise ships, with one ship each for Norwegian Cruise Line, Regent Seven Seas...

Ports

Video: Tanker Docking in Russia Hits Dock Wall and Crane

A Liberian-flagged, Greek-owned tanker hit the dock as it was maneuvering into the port of Ust-Luga in Russia on Saturday, February 14. The images show that it also hit and damaged the cab on a port crane during the docking incident. Russian officials are saying there were no injuries and no pollution from the incident. However, an investigation has been launched into the circumstances. The tanker named Tony, built in 2010 and managed by Dynacom, was approaching the dock. Images...

Shipping

NATO Prepares to Demonstrate its Greenland Defense Plans

Tugs & Salvage

Study: A Fire Tornado Could be Used to Clean Up Oil Spills

Government

Indian Tanker Seizures Threaten Market Shift and Rift With Iran

Corporate News

CMA CGM Group, Marlink, & Eutelsat to Deploy OneWeb LEO Connectivity

Cruise Ships

Norwegian Cruise Line Holdings Adds Three Ships Extending Orders to 2037

Ports

Video: Tanker Docking in Russia Hits Dock Wall and Crane

Offshore

Turkey Dispatches New Drillship to Waters off the Coast of Somalia

Turkey has announced plans to dispatch one of its drillships to waters off Somalia, the latest development in the two countries' strengthening ties. The drillship Cagri Bey (ex name West Draco), operated by state oil company Türkiye Petrolerii, is getting under way for an E&P project in the Arabian Sea. At a departure ceremony Monday, energy minister Alparslan Bayraktar said that the voyage plan calls for going the long way around, westbound through the Mediterranean and Strait of Gibraltar, south...

Shipbuilding

Scottish Shipbuilder Tapped for Innovative Workboat Enters Administration

Environment

Navigating the Deadlock: Accelleron’s Daniel Bischofberger on Green Fuels

Accelleron, a leading provider of turbocharging, fuel injection, and digital solutions for marine engines and ships, recently released a study on the multifaceted, multi-industry challenges slowing shipping's transition to carbon-neutral fuels. TME recently spoke with CEO Daniel Bischofberger about the current state of marine decarbonization, regional developments in Asia-Pacific, and the path forward for the industry. Can you describe the current state of shipping's transition to carbon-neutral fuels? The ships are ready, but the fuel is not. The technology exists...

Business

Macquarie Agrees to Buy Australian Ports and Logistics Company Qube

Maritime Industry Conferences and Events

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Turkey Dispatches New Drillship to Waters off the Coast of Somalia

Chevron Signs Deals for E&P Acreage off Greece

Scottish Shipbuilder Tapped for Innovative Workboat Enters Administration

Macquarie Agrees to Buy Australian Ports and Logistics Company Qube

Freighter Hits Former Yugoslav Ruler's Yacht at Rijeka, Croatia

NATO Prepares to Demonstrate its Greenland Defense Plans

Study: A Fire Tornado Could be Used to Clean Up Oil Spills

Indian Tanker Seizures Threaten Market Shift and Rift With Iran

CMA CGM Group, Marlink, & Eutelsat to Deploy OneWeb LEO Connectivity

Norwegian Cruise Line Holdings Adds Three Ships Extending Orders to 2037

Video: Tanker Docking in Russia Hits Dock Wall and Crane

Environmental Remediation at Aging Ports

Beyond Sanctions Lists: Navigating Fragmented Enforcement in Maritime Trade

The Modular Pivot: Repurposing Containers as Strategic Infrastructure

NATO Prepares to Demonstrate its Greenland Defense Plans

Study: A Fire Tornado Could be Used to Clean Up Oil Spills

Indian Tanker Seizures Threaten Market Shift and Rift With Iran

CMA CGM Group, Marlink, & Eutelsat to Deploy OneWeb LEO Connectivity

Norwegian Cruise Line Holdings Adds Three Ships Extending Orders to 2037

Video: Tanker Docking in Russia Hits Dock Wall and Crane

Turkey Dispatches New Drillship to Waters off the Coast of Somalia

Scottish Shipbuilder Tapped for Innovative Workboat Enters Administration

Navigating the Deadlock: Accelleron’s Daniel Bischofberger on Green Fuels

Macquarie Agrees to Buy Australian Ports and Logistics Company Qube

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events