Saturday, January 17, 2026
Media Kit
Houthi parade

As Suez Traffic Cautiously Returns, Houthis Make New Threats

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shadow tanker aground in Turkey

Video: Shadow Tanker Attacked by Ukraine Refloated After 12 Days Aground

Published Jan 16, 2026 5:23 PM by The Maritime Executive

Turkish officials reported they have finally been able after 12 days to refloat a grounded shadow fleet tanker. The ship was pulled from the rocks near Bozcaada, south of the Canakkale Strait. The ship named Qendil and reporting registry in Qatar has been operating for the past three years in the shadow fleet, making frequent trips between the Russian oil terminals near St. Petersburg and India. It was during the return from one of those trips that the tanker was...

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fire-damaged containership

Wan Hai Delivers Fire-Damaged Ship for Recycling

Published Jan 16, 2026 4:26 PM by The Maritime Executive

Wan Hai reports that the salvage operation for its vessel Wan Hai 503 has been completed seven months after a container fire killed four seafarers and forced the crew to abandon the vessel. The vessel, which was built in 2005, has now been delivered for recycling. The container fire had begun on June 9, 2025, while the 4,250 TEU vessel was off the coast of India. There were reports of explosions from the forward part of the vessel, and 18...

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Bansal

Closing the Gap: EU Harmonization and the Future of Ship Recycling

Published Jan 16, 2026 3:55 PM by Prof. Dr. Ishtiaque Ahmed

Global ship recycling no longer suffers from a lack of rules. It suffers from a failure to connect them. What is often described as a compliance gap is, in reality, a governance failure created by fragmented legal regimes that refuse to engage with where and how ship recycling actually takes place. The result is a system that is legally dense, institutionally complex, and operationally incoherent. Bangladesh and India are today the world’s two largest ship-recycling states when measured by annual...

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Callao Naval Base

US Plans $1.5B Investment to Modernize Peru’s Naval Base at Callao Port

Published Jan 16, 2026 3:15 PM by The Maritime Executive

The U.S. Department of State announced that it has approved a plan to modernize Peru’s naval base at the port of Callao and delivered the required notification to the U.S. Congress. The plan, which is valued at an estimated $1.5 billion, is seen as a move to counter China’s influence while the State Department highlighted U.S. interest in South America. The naval base, which is the main facility for Peru’s navy, is located to the north of the commercial port...

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Offshore

offshore wind farm installation

Dominion Energy Received Injunction Against Offshore Wind Stop-Work Order

Virginia’s Dominion Energy, which is developing the Coastal Virginia Offshore Wind Project, became the third developer this week to receive an injunction against the Trump administration’s December 2025 stop-work order. Five projects received the order, with three now having received preliminary injunctions, and the other two projects in court seeking similar orders. Judge Jamar Walker in the U.S. District Court for the Eastern District of Virginia issued a similar option to the judges hearing cases for Revolution Wind and Empire...

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Shipbuilding

A new P-17A class frigate, Mahendragiri, at launch at Mazagon Dock (Gov't of India)

Report: India Wants to Ramp Up its Warship Exports

India is reportedly working to expand warship exports as part of the ongoing push to revamp its shipbuilding industry. The Ministry of Defense (MOD) has already issued directives to the state-owned shipyards, instructing the facilities to build their capacities for export orders. According to a report by the defense news site Indian Defense Research Wing, the MOD’s directive covers expansion of docking and manufacturing infrastructure in the shipyards. In addition, the shipyards are expected to customize their blueprints for naval...

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Environment

wing sail on MR tanker

HMM and HD KSOE Start Demonstration and Testing of Wing Sail on Tanker

South Korea’s HD Korea Shipbuilding & Offshore Engineering and HMM are starting a demonstration and test period for Korea’s first domestically developed wing sail for wind-assisted propulsion. The shipbuilder has been developing its version of the technology as part of its efforts to advance value-added, green ship designs and technology. The wing sail was recently installed on the product tanker Oriental Aquamarine (50,000 dwt). The vessel was built in 2020 and has been owned by HMM since 2023. Registered in...

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Business

dry bulk carrier

Dry Bulk Takeover Battle Heats Up Between Diana and Genco

Two of the leaders in the dry bulk space, Genco Shipping & Trading and Diana Shipping, are trading public jabs in the brewing takeover battle that calls for consolidating the dry bulk sector. Both companies issued public statements six weeks after Diana first went public with its rumored efforts to buy Genco. Both companies emphasize the opportunities they see emerging in the dry bulk sector. Combined, they would have a fleet of approximately 80 vessels with approximately 9 million dwt....

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