Thursday, March 05, 2026
Media Kit
Oil slick

Tanker Hit by Blast Off Kuwait, Hull Breached

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Ferguson Marine Glasgow Scotland

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

Published Mar 4, 2026 7:31 PM by The Maritime Executive

The Scottish government is moving forward with a plan to award the financially troubled Scottish shipbuilder Ferguson Marine four new contracts as a lifeline to keep the yard afloat. The yard fell into administration and was taken over by the government in 2019 in an effort to keep shipbuilding in Glasgow. Awarding the yard new contracts is seen as a step toward transitioning the yard back to private ownership. “This is a watershed moment,” said Deputy First Minister Kate Forbes...

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Novorossiysk strike

Ukrainian Strike on Novorossiysk Also Damaged Russian Warships

Published Mar 4, 2026 6:43 PM by The Maritime Executive

The recent Ukrainian strike on Novorossiysk caused damage to a Transneft oil loading terminal, and may also have extended to Russian Navy warships, according to Ukrainian sources. Ukrainska Pravda reports that the Russian minesweeper Valentin Pikul was seriously damaged in the Sunday night attack, and the antisubmarine patrol vessels Yeysk and Kasimov were struck as well. Three Russian sailors were reported dead, and 14 more injured. The strikes on the Black Sea Fleet add to previously-reported damage at the Sheskharis...

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residential cruise ship

Startup Plans to Use Regent Seven Seas Ship for Premium Residential Cruises

Published Mar 4, 2026 6:31 PM by The Maritime Executive

The operators of Villa Vie Odyssey, one of the current residential cruise ships, announced that they are launching a new company to offer a premium residential cruise ship. Named Avora Residents, they report the new company will launch in January 2028 with the current Seven Seas Navigator operated by Regent Seven Seas Cruises. Mikael Petterson, who was the creator of Villa Vie, reports the new model “strategically positions Avora between Villa Vie Residences’ contemporary residential cruise offerings and The World’s...

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Waiting to profit: empty tankers lined up at the Strait of Hormuz starting line off Fujairah, Khor Fakkan and Dibba (MarineTraffic)

Positioning of Unladen Tankers Signals Shipping's Risk-Reward Calculations

Published Mar 4, 2026 5:36 PM by The Maritime Executive

Shipowners and managers, and ultimately ship masters, have the ultimate responsibility for assessing risk to their vessels and their cargoes. Governments may be keen to persuade operators that the coast is clear, in support of attaining political objectives, but captains always need to be the final arbiter, not the least because lives are at risk. Hence the behavior of tankers, in particular those with freedom of movement outside the Gulf, gives an indication of how the non-government world is assessing...

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Offshore

Maersk Offshore Wind Turbine Installation Vessel

Seatrium Delivers WTIV to Maersk Offshore Wind

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

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Shipbuilding

Ferguson Marine Glasgow Scotland

Scottish Government Plans Four Ship Contract Lifeline for Ferguson Marine

The Scottish government is moving forward with a plan to award the financially troubled Scottish shipbuilder Ferguson Marine four new contracts as a lifeline to keep the yard afloat. The yard fell into administration and was taken over by the government in 2019 in an effort to keep shipbuilding in Glasgow. Awarding the yard new contracts is seen as a step toward transitioning the yard back to private ownership. “This is a watershed moment,” said Deputy First Minister Kate Forbes...

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Environment

Trawlers

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...

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Business

offshore wind service vessels

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has entered into agreements for the potential sale of its fleet. News of the potential sale of the company’s ships came via an Oslo Stock Exchange filing by Wilh. Wilhelmsen, one of the investors, signals a further consolidation in the market. The company was started in 2015 by Østensjø Group, an offshore provider, and announced plans for building a dedicated fleet of...

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