Thursday, April 16, 2026
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Two Sanctioned Tankers May Have Bypassed U.S. Navy Blockade on Iran

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Luxury

The Case for Luxury

Published Apr 15, 2026 8:27 PM by Tony Munoz

The global cruise industry is having its moment as passenger counts rise and amazing new ships are delivered. There's something for everyone – short cruises, long cruises; budget cruises, luxury cruises; family cruises, adults-only cruises – and everything in between. Not to mention the destinations, which are endless. Founded in 1966 as Norwegian Caribbean Lines by Knut Kloster, Norwegian was a pioneer in the industry. It helped make the Caribbean the most popular destination in the world, and it's gone...

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Felicity Ace

Cefor: Machinery Damage and Fires Drive Increase in Claim Cost

Published Apr 15, 2026 8:27 PM by The Maritime Executive

Machinery damage and fires continue to dominate as the leading causes of elevated claim costs in the Nordic marine insurance market, according to the Nordic Association of Marine Insurers (Cefor). Cefor members underwrite Hull and Machinery for about 31% of the world fleet, including 3,538 vessels of more than 20,000 gross tons. 2025 is the third consecutive year to record an increase in claims above $10 million, according to the year’s report by published this week. Notably, total losses on...

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A U.S. Navy destroyer patrols the blockade zone in the Gulf of Oman, April 2026 (CENTCOM)

U.S. Navy Redeploys for Next Phase of Gulf Operations

Published Apr 15, 2026 4:50 PM by The Maritime Executive

The US Navy is presently navigating an intensely complex geopolitical situation, balancing its deployments not only so as to be able to resume active operations against Iran in a week’s time, if the ceasefire should not be extended, but also shuffling assets for both deterrence and other contingencies. The world’s attention is focused on the Strait of Hormuz and its approaches, as Central Command imposes a blockade on Iranian ships and those seeking to leave or enter Iranian ports, both...

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Coast Guard rescue

Coast Guard Completes Difficult Rescue to Save Hunters Trapped on Ice

Published Apr 15, 2026 2:54 PM by The Maritime Executive

On Sunday, the U.S. Coast Guard rescued four seal hunters from a small boat that had become trapped on an ice floe near the remote town of Chefornak, Alaska. At about 1630 hours on Saturday afternoon, Coast Guard Arctic District received word from the Alaska State Troopers that four people on a seal-hunting excursion had been trapped on the ice off Chefornak for more than 24 hours. They had freed their boat overnight, but could not reach a rescue party...

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Offshore

Chinese offshore wind farm

China Commissions Wind Farm At Its Deepest Offshore Position

Chinese officials highlighted the commissioning of its newest offshore wind farm, which is also setting a record for the country’s deepest fixed-bottom wind turbines and is located far out to sea. They highlighted the complex geology and challenges of extreme sea conditions in developing and operating the 504 MW wind farm, the Huaneng Shandong Peninsula North L Site. The wind farm was developed by the state-owned China Huaneng Group and will be managed and operated by the Yantai Power Plant....

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Shipbuilding

Princess cruise ship under construction Fincantieri

Fincantieri Gets Order Valued at Over $2.3B for Three Princess Cruise Ships

Italian shipbuilder Fincantieri and Carnival Corporation’s Princess Cruises confirmed an order for three new large cruise ships valued at over $2.3 billion (€2 billion), extending the record cruise ship orderbook. The orders are in keeping with Carnival Corporation’s declared strategy of strategically pacing its new ship orders for metered growth in its brands. The cruise line is calling the new ships the largest and most advanced platform for its brand. At an estimated 183,000 gross tons and with a passenger...

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Environment

Carbon carrier vessels for CCS storage

Buildout Continues of Emerging Category of CO2 Carriers for CCS

A new segment of shipping, purpose-built CO2 carriers designed to support the emerging efforts at carbon capture and storage (CCS), continues to grow. The first of the commercial operations is beginning, and the sector is driving the development of the ships. Northern Lights, a partnership between Equinor, Shell, and TotalEnergies was the first to enter the segment, starting commercial operations in 2025. It was designed with an initial capacity of 1.5 million tonnes per year and has already announced plans...

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Business

Felicity Ace

Cefor: Machinery Damage and Fires Drive Increase in Claim Cost

Machinery damage and fires continue to dominate as the leading causes of elevated claim costs in the Nordic marine insurance market, according to the Nordic Association of Marine Insurers (Cefor). Cefor members underwrite Hull and Machinery for about 31% of the world fleet, including 3,538 vessels of more than 20,000 gross tons. 2025 is the third consecutive year to record an increase in claims above $10 million, according to the year’s report by published this week. Notably, total losses on...

Continue Reading...