Monday, March 02, 2026
Media Kit
Iran Bandar Abbas harbor

Bandar Abbas Naval Harbor Smoking from Multiple Hits

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U.S. Navy warships escort a reflagged tanker during the last full-scale wartime disruption of the Persian Gulf shipping lanes, Operation Earnest Will, 1987 (USN)

What Would Closure of the Strait of Hormuz Mean for Shipping?

Published Mar 1, 2026 6:01 PM by The Conversation

[By Sarah Schiffling] The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of the maritime aspect of the conflict which began February 28 with a barrage of Israeli and American missiles targeting Iran. Two other vessels, believed to be tankers, have also been reported as having been hit by missiles, of an as yet undetermined source, in the vicinity of the Strait of Hormuz, underlining the importance of this vital...

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Iran

Three U.S. Servicemembers Killed in Iranian Strikes on Kuwait

Published Mar 1, 2026 5:53 PM by The Maritime Executive

Three U.S. servicemembers have been killed and five more injured in Iranian retaliatory strikes in Kuwait, according to U.S. Central Command. Several more servicemembers were injured by shrapnel and concussion, but are expected to return to duty in short order. For now, Central Command is withholding identification of the victims pending family notification. The command noted that combat operations are ongoing and the situation remains fluid. #Iran / #Israel / #USA / #Kuwait ????????????????????????????????: Iranian Forces reportedly struck the US...

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ILO

Study: Forced Labor Persists Aboard Fishing Vessels in South-East Asia

Published Mar 1, 2026 2:51 PM by The Maritime Executive

In Southeast Asia, some actors in the fishing and seafood processing sectors have long utilized various forms of forced labor to reduce costs. While there have been efforts to improve labor laws, a new report by the International Labor Organization (ILO) reveals that migrant workers continue to face labor abuses on board fishing vessels. The survey released last week is one of the largest of its kind, significantly expanding data available on migrant workers in the Southeast Asian fishing and...

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Skylight

World Leaders Call for Restraint After Strikes on Iran

Published Mar 1, 2026 2:51 PM by The Maritime Executive

Following multiple Iranian attacks on shipping, resulting in seafarer injuries and at least one shipboard fatality, IMO Secretary General Arsenio Dominguez called for restraint and a cessation of the targeting of merchant vessels. "No attack on innocent seafarers or civilian shipping is ever justified. These crews are simply doing their jobs and must be protected from the effects of wider geopolitical tensions," Dominguez said in a statement. "Freedom of navigation is a fundamental principle of international maritime law, and it...

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Offshore

Maersk Offshore Wind Turbine Installation Vessel

Seatrium Delivers WTIV to Maersk Offshore Wind

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

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Shipbuilding

Greek Foreign Minister

Hanwha and Greece’s Onex Shipyards Partner to Expand U.S. Shipbuilding

A new trilateral agreement was formalized between Onex Shipyards & Technologies, which is working to revitalize Greek shipbuilding, and South Korea’s Hanwha Power Systems, with American officials looking on during the signing event. According to the reports, the effort will support the efforts in Greece but also looks to leverage the emerging opportunities in the United States under the Trump administration’s U.S. Maritime Action Plan. Onex reports that the agreement focuses on the development of newbuildings with LNG capacity as...

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Environment

Trawlers

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

A new meta-study published in Nature Ecology & Evolution suggests that ocean warming has an outsize impact on the total amount of fish in the water, enough to have major implications for global fisheries. The study, led by researchers at Spain's Museo Nacional de Ciencias Naturales, looked at hundreds of thousands of studies of fish populations in the Northern Hemisphere over a period of nearly 30 years, spanning 1993-2021. The vast data set covered more than 1,500 fish species and...

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Business

Canadian-flagged Great Lakes bulker

Algoma Central Buys Mainstay Maritime’s Canadian Great Lakes Shipping

Canada’s Algoma Central, already one of the largest dry and liquid bulk carriers for the Great Lakes-St. Lawrence region, has agreed to buy three Canadian operating companies and six Canadian-flagged Lakers from Mainstay Maritime (formerly Rand Logistics). The transaction will permit each company to expand its Great Lakes operations under its respective flags. Mainstay Maritime is the newly launched brand name for the former Rand Logistics, and after the acquisition by Oaktree Capital completed in 2023, and the spinout with...

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