Thursday, February 12, 2026
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Balboa Panama

Hutchison Files Notice of Dispute with Panama and Warns AMP of Legal Action

Published Feb 12, 2026 2:23 PM by The Maritime Executive

CK Hutchison took further steps to protect its concession and investments in Panama, issuing a strongly worded statement invoking further legal actions. It asserts that the ongoing operation of the terminals at the Panama Canal “depends solely” on the actions of Panama. The company continues to act in advance of the publication of the decision by the Supreme Court, which is reported to have ruled that the law establishing the concession for the terminals is unconstitutional. It continues to call...

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Philippine Coast Guard personnel recover a body at the wreck site of the Trisha Kerstin 3, February 10 (PCG)

Philippine Government Fires 14 Officials Over Deadly Ferry Disaster

Published Feb 11, 2026 8:16 PM by The Maritime Executive

An investigation into the deadly sinking of the ferry Trisha Kerstin 3 has determined that the vessel was overloaded on the casualty voyage, according to the Philippines' Department of Transportation. In a swift response, the Philippine government has fired the local chief of the Maritime Industry Authority (MARINA), the head of the Zamboanga station of the Philippine Coast Guard, and 12 other officials. In addition, at least three people - including Zamboanga MARINA director Jedini Nur Sibal - face administrative...

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Dimitris Lappas

Container Feeder Rescues Solo Sailor in Rough Weather off Bermuda

Published Feb 11, 2026 8:16 PM by The Maritime Executive

On Tuesday, the crew of a container feeder rescued a single-handed sailor from a disabled yacht off the coast of Bermuda, despite challenging surface conditions. On Saturday, the rescue coordination center in Bermuda received word by email that the 52-foot sailing yacht Alcyon Blue was in distress. The vessel had suffered engine and generator failures in rough weather while on a voyage from Antigua to Bermuda. High winds had damaged the yacht's storm jib, and diesel fuel fumes were contaminating...

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Maersk containership in the Suez Canal

First Maersk – Gemini Cooperation Flagship Transits Suez Canal

Published Feb 11, 2026 8:10 PM by The Maritime Executive

The first of Maersk’s flagship dual-fuel methanol vessels made its scheduled eastbound transit of the Suez Canal, marking the return of one of the liner routes to the Suez – Red Sea corridor. Maersk had recently announced its Gemini Cooperation with Hapag-Lloyd would be restoring a route operating between the Mediterranean, Middle East, and India as the first since the beginning of 2024, and the start of the hostilities by the Houthis. Maersk, in December and January, made trial trips...

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Offshore

Transocean Barents

Transocean Buys Valaris for $6 Billion, Creating New Industry Leader

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups - 73 rigs in total - across global markets. Transocean CEO and President Keelan Adamson suggested that the combination makes for "a very attractive investment" in offshore...

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Shipbuilding

low-emission RoRo launched in China

Innovative Low-Emission RoRo Launched in China for Airbus and LDA

The first of three innovative cargo RoRos was recently launched in China for LD Armateurs, which will operate the ships for Airbus. The vessels are designed to incorporate the latest technologies, including AI and wind-assisted propulsion, to reduce emissions. LDA ordered the ships in January 2024, highlighting them as the next generation in low-emission shipping. LDA currently operates two ships on a transatlantic route carrying assemblies from the Airbus plant in France to the United States. The largest of the...

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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

Norwegian Aqua cruise ship at NCL terminal Miami

Norwegian Cruise Line Holdings Appoints New CEO in Continuing Shakeup

Norwegian Cruise Line Holdings, one of the largest public companies in the cruise industry, reported the sudden change of leadership as the company is pursuing major expansion efforts while it also continues to work on refining the positioning of its three cruise brands. The departure of President and CEO Harry Somner comes less than three years after he was elevated to the role and follows the sudden change last year of the president of its largest brand, Norwegian Cruise Line....

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