Thursday, February 19, 2026
Media Kit
Iranian speedboats

Reports of Closure in the Strait of Hormuz Overstated

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Primorsk

Russian Energy Export Sales Fall to Lowest Level Since Start of Ukraine War

Published Feb 18, 2026 8:05 PM by The Maritime Executive

Under pressure from Western sanctions, Russia's oil and gas revenues have fallen to the lowest level recorded since the beginning of the invasion of Ukraine in 2022, according to new figures from the Centre for Research on Energy and Clean Air (CREA). Lower fossil fuel prices are a contributing factor, as sanctions effects have driven the benchmark Urals price down by 40 percent compared with Brent. The overabundance of Russian oil already afloat and falling export volumes all signal that...

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Port of Los Angeles

Port of Los Angeles Expects Continued Weakness After January Decline

Published Feb 18, 2026 6:46 PM by The Maritime Executive

The Port of Los Angeles foresees continued weakness in container volumes for the first quarter of 2026 after a 12 percent decline in January. However, while highlighting that it does not expect increased certainty for U.S. trade policies, it believes the rate of decline is stabilizing and is not expected to “drop off a cliff” as the U.S. moves forward in 2026. As the largest container port in the Americas, the Port of Los Angeles is viewed as a key...

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Texas GulfLink

Japanese Investors Back U.S. Offshore Oil Terminal in Deal With White House

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

Japanese investors has agreed to back a large-scale offshore loading terminal off the coast of Texas, the newly-permitted Texas GulfLink project. The agreement is one of Japan's first efforts to satisfy a record-setting investment commitment that it made to the White House in exchange for reduced U.S. tariffs on Japanese cars and other goods. Texas GulfLink is a single point mooring project planned for the coast of Brazoria County, Texas. Once completed, it will be the second offshore loading terminal...

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RFA support ships

UK Sells Two Fleet Oilers to Private Operator Inocea Group

Published Feb 18, 2026 5:36 PM by The Maritime Executive

As part of the ongoing efforts that are downsizing and reshaping the operation of the Royal Navy and Royal Fleet Auxiliary, the UK has entered into a deal to sell the resupply/tankers RFA Wave Knight and RFA Wave Ruler to private operators, the Inocea Group. Both vessels have been in extended readiness for the past few years, but the speculation was that they would be sold internationally to another navy or scrapped outright. In a surprise announcement, the UK company...

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Offshore

Bilfinger

Union Calls Off Strike at 19 UK North Sea Offshore Platforms

UK industrial union Unite has called off a brief offshore strike action at rig services provider Bilfinger, which would have affected up to 19 oil fields in the North Sea at the end of this week. Bilfinger UK is an engineering and maintenance contractor for the oil, gas, petchem, utility and pharma sectors, among others. Its offshore division supports some of the largest oil companies in the North Sea oil trade, including BP. During contract negotiations, the two sides had...

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Shipbuilding

rendering of Indian-built containership

CMA CGM Signs India’s First Shipbuilder Order for Containerships

France’s CMA CGM Group and India’s Cochin Shipyard finalized a contract for the construction of containerships, which is being called a defining moment for the Indian shipbuilding industry and the country’s aspirations to become a world-class shipbuilder. The contract signing came as part of a larger state visit led by French President Emmanuel Macron, his fourth trip to India since 2017. The companies signed a letter of intent for the ships in October 2025 and report they spent the past...

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Environment

Ship

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...

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Business

marine engine test

Report: Private Equity Bids Lining Up for Marine Engine Company Everllence

Private equity buyers are reportedly showing a strong interest in Everllence (formerly MAN Energy Solutions), according to a report in the Financial Times. The newspaper broke the news last fall that parent company Volkswagen was working on a carve-out to sell a large portion of the company, best known for its engines that power large ships. Top private equity funds, including Blackstone, EQT, and CVC, have submitted bids in the first round, according to a report in the Financial Times....

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