Monday, March 30, 2026
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Chinese cruise ship

China Merchants Is the Latest to Withdraw from China’s Cruise Market

Published Mar 29, 2026 2:46 PM by The Maritime Executive

China Merchants, one of the country’s largest industrial companies and heavily involved in the maritime sector, has abandoned its efforts to develop a luxury Chinese cruise product. The company had launched a joint venture with Viking in 2021, acquiring one of Viking’s cruise ships, but recently put the cruise ship up for sale. The company had reportedly paid nearly $400 million in 2021 as part of the joint venture to take control of the 745-foot Viking Sun (47,800 gross tons)....

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Bahrain Coast Guard

Bahrain Imposes Maritime Curfew in Response to Iranian Attacks

Published Mar 29, 2026 1:17 PM by The Maritime Executive

The Kingdom of Bahrain announced on Sunday, March 29, that it is imposing a nightly curfew on all maritime activities. The Ministry of the Interior said it was in the interest of seafarers amid the blatant Iranian aggression. An island nation in the western Persian Gulf, Bahrain is strategically located between Qatar and Saudi Arabia. Before the start of hostilities, the U.S. maintained a naval base in the Kingdom, including the homeport for the U.S. Coast Guard vessels assigned to...

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Matanuska ferry Alaska

Alaska Seeks Interested Buyer to Save 63-Year Old Historic Ferry

Published Mar 29, 2026 11:18 AM by The Maritime Executive

Faced with the challenges of a mounting budget shortfall and an aging fleet, the Alaska Marine Highway System, operated by the state’s Department of Transportation, has decided to part with the last of its historic ferries. It issued a Request for Information on March 20 for the Disposition of the m/v Matanuska, but with a catch: it says the priority is to “dispose of the vessel in a manner that honors its historic significance while allowing it to continue serving...

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Houthi missile

Houthis Attack on Israel Threatens Red Sea Ceasefire

Published Mar 29, 2026 11:06 AM by The Maritime Executive

The Houthi leader Abdul-Malik Al Houthi spoke on television at the commemoration this week of the anniversary of the start of the 2015 Saudi-led military campaign against the Houthis in Yemen. During the speech, Abdul-Malik Al Houthi emphasized that his movement was on the side of Iran and the Palestinians, but that he was reserving the right to intervene. The reservation did not last long. On Saturday, March 28, the Houthis launched a ballistic missile towards southern Israel. Later the...

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Offshore

Dreamyshade

Chevron Plans to Buy Oil From Sable's Controversial Santa Ynez Unit

Houston-based Sable Offshore, owner of the Santa Ynez platform complex and pipeline in Santa Barbara County, has a buyer for its production. Chevron says that it will begin buying 20,000 barrels per day from Sable now that the Trump administration has approved a restart of the former Santa Ynez pipeline, the oil major announced Tuesday. "We’re going to run Sable’s crude at El Segundo in April," Chevron president of downstream Andy Walz told Bloomberg. "We’re taking American crude oil, putting...

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Shipbuilding

USCG Light Icebreaker

USCG Requests Proposals to Replace Outdated Light Icebreakers

The U.S. Coast Guard is looking to urgently move forward with its planned replacement program for its badly outdated Light Icebreaker class that dates to the 1960s. It posted a Request for Information providing just two and a half weeks for responses while saying it contemplates streamlined approaches related to contract design, reduced government oversight, source selection, and contract requirements. Icebreakers proved even more vital in 2026 in a winter that saw a deep freeze overtake much of the eastern...

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Environment

Teeside industrial region UK

Carbon Storage Developers Complete Applications in UK’s Second CCS Round

The UK’s North Sea Transition Authority received bids for more than two million acres of seabed in its second carbon storage licensing round. Bidding closed on March 24 after having opened in December 2025 and follows the first four licenses, which were awarded in 2023, which have already begun efforts testing the injection process. A total of 21 licenses were awarded in the first round. The authority had reported strong initial interest before beginning the solicitation, and it now says...

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Business

Norwegian Aqua cruise ship at NCL terminal Miami

Norwegian Cruise Line Holdings and Activist Investor Agree to Board Change

Norwegian Cruise Line Holdings, the public parent company of the cruise lines, has reached a “cooperation agreement” with activist shareholder Elliott Investment Management that will see the company reconstitute its board of directors. Elliott had been calling for a change in the board and a new strategy to improve shareholder value at the cruise corporation. Under the agreement, four long-time board members will step down as of March 31, and they will be replaced by five new independent directors mutually...

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