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offshore service vessels

Edda Wind Closes Fleet Sale as Investment Funds Drive Sector Consolidation

Published Apr 30, 2026 9:11 PM by The Maritime Executive

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has officially wound down its operations, completing the sale of 10 ships and ships under construction to North Star and Norwind Offshore. The deal, which was first announced by the investors in Edda Wind in March, is driven by the investments from Partners Group and Navigate Capital Partners, which are supporting growth on consolidation with North Star Norwind. The company was started...

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USCG

Congress Approves DHS Bill, Ending Coast Guard's Desperate Cashflow Crunch

Published Apr 30, 2026 8:56 PM by The Maritime Executive

Following pressure from the White House, the U.S. House of Representatives has passed a Senate compromise bill to fund most of the Department of Homeland Security, excluding Immigration and Customs Enforcement (ICE) and the Border Patrol. The agreement ends a 76-day shutdown that had strained the finances of all DHS agencies, including the U.S. Coast Guard. According to Adm. Kevin Lunday, the service's commandant, the situation for coastguardsmen had been growing desperate without an appropriation to cover operating costs. Payroll...

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Indian shipbuilding

India Moves to Accelerate Expanding Shipping Capacity by Adding 62 Vessels

Published Apr 30, 2026 8:11 PM by The Maritime Executive

India’s Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, mapped out an ambitious plan to rapidly expand the country’s domestic maritime capabilities. The government has already set a high priority on building its commercial maritime operations, and now the minister told an inter-ministerial meeting it is even more important, highlighted by the recent global situation. The Minister said that the hostilities in the Middle East and the closing of the Strait of Hormuz had further highlighted the vulnerabilities and the...

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Rendering of future Key Bridge

Maryland Plans to Replace its Contractor for Key Bridge Reconstruction

Published Apr 30, 2026 6:50 PM by The Maritime Executive

The state of Maryland has decided to change contractors for the reconstruction of the Francis Scott Key Bridge, which was destroyed by a ship strike in March 2024. The demolition of the wreckage was a highly complex salvage operation, and took months to complete. In the meantime, the state's engineers and consultants began designing a bigger, better replacement: a cable-stayed design built to modern standards for survivability, with 300 feet of additional width in the center span and an extra...

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MORE STORIES BY CATEGORY

Offshore

ADNOC

UAE Exits OPEC, Casting Shadow Over the Oil Cartel's Future

The United Arab Emirates has announced a decision to leave the Organization of Petroleum Exporting Countries (OPEC), a major blow to the supply cartel that has exerted influence over global oil prices since 1960. "The UAE’s decision to exit from OPEC reflects a policy-driven evolution aligned with long-term market fundamentals," said UAE energy minister Suhail Mohamed Al Mazrouei in a statement. "We thank OPEC and its member countries for decades of constructive cooperation. We remain committed to energy security, providing...

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Shipbuilding

Indian shipbuilding

India Moves to Accelerate Expanding Shipping Capacity by Adding 62 Vessels

India’s Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, mapped out an ambitious plan to rapidly expand the country’s domestic maritime capabilities. The government has already set a high priority on building its commercial maritime operations, and now the minister told an inter-ministerial meeting it is even more important, highlighted by the recent global situation. The Minister said that the hostilities in the Middle East and the closing of the Strait of Hormuz had further highlighted the vulnerabilities and the...

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Environment

WCS sewage pipe

Study: MPAs are Unusually Vulnerable to Wastewater Runoff

Researchers have long understood that land-based pollution sources are a leading cause of environmental harm in the ocean, from plastic wastes to nutrient runoff. Land-based sewage is an issue as well, and it turns out that marine protected areas (MPAs) might be more affected by this form of pollution than the average acre of unprotected ocean, a new study in Ocean & Coastal Management has determined. Working together, researchers from the University of Queensland and the New York-based Wildlife Conservation...

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Business

The Falcon Heavy carrying Viasat-3 F3 (Courtesy SpaceX)

Inmarsat Gains High-Speed Pacific Coverage With Final Viasat-3 Launch

Inmarsat's high-end broadband service is fast, but its recent tie-up with U.S. satcom giant Viasat promises to make it even faster. Inmarsat's multi-orbit hybrid network is designed to integrate bandwidth from ViaSat's next-generation satellite constellation, ViaSat-3. First launched in May 2023 for service over the Americas, the VS3 satellite series should bring high speed broadband over Europe and Asia as well - and it is now one big step closer to full deployment. On April 29, the third and final...

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