Friday, March 27, 2026
Media Kit
abandoned ship drifting on fire in Persian Gulf

Danger in the Gulf from Abandoned Ships as One Grounds in Iran

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USCG Light Icebreaker

USCG Requests Proposals to Replace Outdated Light Icebreakers

Published Mar 26, 2026 9:56 PM by The Maritime Executive

The U.S. Coast Guard is looking to urgently move forward with its planned replacement program for its badly outdated Light Icebreaker class that dates to the 1960s.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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Alaska

MARAD Offers $488M in Revamped Port Grant Program

Published Mar 26, 2026 9:03 PM by The Maritime Executive

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced that it will be providing $488.6 million in funding grants designed to restore American maritime dominance and revitalize American ports, shipyards, and maritime capabilities. The grants are made under the Port Infrastructure Development Program (PIDP), which was authorized by Congress in 2010, and, under MARAD’s management, PIDP selects projects that meet its criteria for the annual grants. According to Transportation Secretary Sean Duffy, the grants are being linked to the administration’s...

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Indian Navy

Indian Navy is Quietly Guiding the Country’s Ships Through Strait of Hormuz

Published Mar 26, 2026 8:18 PM by The Maritime Executive

Indian government officials confirmed in media reports that the country continues to quietly guide its ships out of the Persian Gulf. The reports indicate that after contact with the Iranians to ensure safe passage, the government launched “Operation Urja Suraksha” to guide and protect critical shipping out of the region. The IANS News Service detailed the operation with confidential information from government sources. According to the report, the operation is underway with the “highest degree of caution and minimal publicity”...

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Panama flag on a ship

FMC is “Closely Monitoring” China’s Detention of Panama-Flagged Vessels

Published Mar 26, 2026 7:38 PM by The Maritime Executive

The recently designated Chairman and a Commissioner of the Federal Maritime Commission, Laura DiBella, issued a statement regarding China’s current retaliation policies against Panama after the cancellation of CK Hutchison’s concession to operate the port terminals at the Panama Canal. Chairman DiBella, in a statement expressing her personal views, said the FMC is “closely monitoring” the recent developments, offering the first indirect response from the Trump administration to the escalating dispute. Donald Trump had called for Panama to take action...

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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

Hapag-Lloyd containership

Hapag Issues Difficult Outlook Saying War is Creating Unsustainable Burden

Hapag-Lloyd became the first of the major carriers to offer a glimpse into the impact the industry faces as the war with Iran continues. The company finalized its strong results for 2025 and, while maintaining its outlook, issued a dire forecast for 2026. Speaking during a press briefing on Thursday, CEO Rolf Habben Jansen said the company and the industry are “grappling with a big challenge,” as the war disrupts shipping in the Middle East. Hapag reports it has six...

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