Report: Product Tanker with Russian Fuel Appears Bound for Cuba

Seatrium Consolidating Business by Divesting Non-Core Assets

Published Feb 23, 2026 7:44 PM by The Maritime Executive

Singapore-based Seatrium is highlighting a series of recent transaction agreements, all designed to consolidate its business and produce operating cost savings from the sale of non-core assets. It highlights that it has already created US$40 million in savings while noting that it has earmarked additional non-core assets for investment. Seatrium was formed by the 2023 merger of Sembcorp Marine and Keppel Offshore & Marine. “These divestments represent an acceleration in Seatrium’s asset portfolio optimization strategy, optimizing the group’s cost structure,...

Tidewater to Expand in Brazil with Acquisition of OSVs from Wilson Sons

Published Feb 23, 2026 7:02 PM by The Maritime Executive

Tidewater is making a major move to expand its presence in the Brazilian offshore oil and gas market while highlighting the strong growth opportunities in the market. It announced an agreement with Brazilian-based Wilson Sons to acquire 22 PSVs with Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services. The deal values the business segment with an enterprise value of approximately $500 million, including the assumption of approximately $261 million in debt. The 22 vessels are 14 PSV...

Zim's Union Makes Push to Block Hapag-Lloyd's Buyout Offer

Published Feb 23, 2026 6:28 PM by The Maritime Executive

As the architects of the Hapag-Lloyd-Zim merger make their case to the Israeli government, Zim's union is making every effort to bring the deal to a halt, even blocking the company's chairman from entering the firm's facilities. According to Israeli outlet Calcalist, Zim union employees picketed outside of the firm's sites in Ashdod, Holon and Haifa, and the union's leadership stated that chairman Yair Seroussi would be prevented from entering. Seroussi spearheaded negotiations on the sale of the firm to...

Salvors Prepare to Refloat Grounded Barge at San Juan Harbor Entrance

Published Feb 23, 2026 5:34 PM by The Maritime Executive

The U.S. Coast Guard has approved a salvage plan for the wreck of the fuel barge Defiant, which ran aground at the base of the historic El Morro fortress at San Juan's harbor entrance on February 9. Defiant drifted onto a rocky breakwater in a severe storm, and was battered by waves for days, resulting in hull damage. Conditions have since calmed, allowing salvors to board and make preparations for refloating the vessel. Contracted crews have sealed off and tested...

Shipping

Report: Maritime Cyberattacks Doubled in 2025

The prevalence of maritime cyberattacks doubled in 2025, according to Korean security firm Cytur, led by an explosion of malware and distributed denial of service (DDoS) incidents. Some of the most concerning examples involved a high-level penetration of the shoreside supply chain, giving the attackers useful information about systems (or even remote access) at a fleet level. Others extended to worst-case scenarios: destroyed equipment, hacked ECDIS chart systems, and remote control of ballast valves. Hackers are getting better at targeting...

Tugs & Salvage

PCG servicemembers recover another body from the water at the wreck site, February 21 (PCG)

Philippine Divers Release Video of Search for Remains Inside Lost Ferry

The Philippine Coast Guard's salvage divers continue to conduct dangerous and difficult search-and-recovery work at the wreck site of the Trisha Kerstin 3, the ferry that capsized and sank off Basilan in late January. The confirmed death toll from the sinking has risen to 65, and Philippine leaders have demanded accountability - even prosecution - for those responsible for the vessel's final voyage. Over the weekend, divers recovered another body from the wreck - the remains of crewmember Rodolfo Cabilan...

Government

U.S. Strikes Suspected Drug-Smuggling Boat, Killing Three

On Monday morning, U.S. forces struck and destroyed a drifting suspected drug boat in the Caribbean, killing three. It was the second strike in a week, following an attack Friday that killed three additional suspects, and was the eighth declared strike since the beginning of the month. The death toll from U.S. Southern Command's kinetic countertrafficking campaign is now at least 137, and possibly as high as 148. In parallel with the airstrikes on drug boats - led by special...

Corporate News

ILO, ICS and ITF Celebrate 20th Anniversary of Maritime Labor Convention

Joint statement from the International Labour Organization, the International Chamber of Shipping, and International Transport Workers’ Federation on the 20th anniversary of the Maritime Labour Convention On the 20th anniversary of the Maritime Labour Convention, 2006, we jointly reaffirm our commitment to the principles and protections it embodies and recognise the profound impact it has had on seafarers and on global shipping. The MLC consolidated and modernised around seventy maritime labour instruments into a single, comprehensive international framework. In doing...

Cruise Ships

The Maritime Executive's Annual Cruise Edition is Now Available Online

Celebrating Cruising It was another record year for cruising in 2025, and this year is shaping up to be even better. Since the pandemic brought things to a halt in 2020-21, the cruise industry has been on a non-stop tear, fueled by pent-up demand and so-called “revenge travel.” Nearly 40 million people will take a cruise in 2026, more than half of them from the U.S. But don’t worry, we’ve got you covered – everything you want to know about...

Ports

Panama Occupies Hutchison’s Terminals After Court Publishes Decision

The Supreme Court of Panama published its decision annuling the concession for the port terminals in Balboa and Cristobal to CK Hutchison, and immediately afterward, the Government of Panama moved to “occupy” both operations and take control of all of the equipment required to run the operations. The Government said in its statement that it will guarantee the operations of the ports until a new tender can be completed. The publication of the decision in the court’s Official Gazette finalized...

Shipping

Report: Maritime Cyberattacks Doubled in 2025

Tugs & Salvage

Philippine Divers Release Video of Search for Remains Inside Lost Ferry

Government

U.S. Strikes Suspected Drug-Smuggling Boat, Killing Three

Corporate News

ILO, ICS and ITF Celebrate 20th Anniversary of Maritime Labor Convention

Cruise Ships

The Maritime Executive's Annual Cruise Edition is Now Available Online

Ports

Panama Occupies Hutchison’s Terminals After Court Publishes Decision

Offshore

DOJ Files Appeal on Court Blocking Trump’s Moratorium on Wind Energy

The U.S. Department of Justice’s Environment & Natural Resources Division filed notice with the district court in Massachusetts for an appeal on the court ruling blocking Donald Trump’s Executive Order from January 2025 establishing a moratorium on permitting, leasing, and other authorizations for wind energy projects. It is the latest step in the Trump administration's continuing battle against renewable wind energy. The filing came 45 days after District Judge Patti B. Saris had ruled in December 2025, calling the Executive...

Shipbuilding

Austal Finalizes Large Contract to Build Australia’s Landing Craft Heavy

Austal Defence Shipbuilding Australia highlighted the announcement by the government’s Deputy Prime Minister and Minister for Defence, Richard Marles, and Minister for Defence Industry, Pat Conroy, as the finalization of a large contract to build the country’s new Landing Craft Heavy (LCH) vessels. It was expecting to sign the contract, valued at approximately A$4 billion (US$2.8 billion), later on Friday while highlighting it was the second major contract for the company under its Strategic Shipbuilding Agreement (SSA) with Australia. The...

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

Seatrium Consolidating Business by Divesting Non-Core Assets

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Report: Product Tanker with Russian Fuel Appears Bound for Cuba

Seatrium Consolidating Business by Divesting Non-Core Assets

Tidewater to Expand in Brazil with Acquisition of OSVs from Wilson Sons

Zim's Union Makes Push to Block Hapag-Lloyd's Buyout Offer

Salvors Prepare to Refloat Grounded Barge at San Juan Harbor Entrance

Report: Maritime Cyberattacks Doubled in 2025

Philippine Divers Release Video of Search for Remains Inside Lost Ferry

U.S. Strikes Suspected Drug-Smuggling Boat, Killing Three

ILO, ICS and ITF Celebrate 20th Anniversary of Maritime Labor Convention

The Maritime Executive's Annual Cruise Edition is Now Available Online

Panama Occupies Hutchison’s Terminals After Court Publishes Decision

Environmental Remediation at Aging Ports

Beyond Sanctions Lists: Navigating Fragmented Enforcement in Maritime Trade

The Modular Pivot: Repurposing Containers as Strategic Infrastructure

Report: Maritime Cyberattacks Doubled in 2025

Philippine Divers Release Video of Search for Remains Inside Lost Ferry

U.S. Strikes Suspected Drug-Smuggling Boat, Killing Three

ILO, ICS and ITF Celebrate 20th Anniversary of Maritime Labor Convention

The Maritime Executive's Annual Cruise Edition is Now Available Online

Panama Occupies Hutchison’s Terminals After Court Publishes Decision

DOJ Files Appeal on Court Blocking Trump’s Moratorium on Wind Energy

Austal Finalizes Large Contract to Build Australia’s Landing Craft Heavy

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

Seatrium Consolidating Business by Divesting Non-Core Assets

Maritime Industry Conferences and Events

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