Friday, January 02, 2026
Media Kit
Fitburg detained in Finland

Finland and Estonia Cooperate on Investigation into Damaged Telecom Cables

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South Korean Daesun Shipbuilding

Mid-Sized South Korean Shipbuilder Daesun Completes Sale of Shipyard

Published Jan 1, 2026 5:03 PM by The Maritime Executive

After two years of financial restructuring, the smallest of South Korea’s surviving midsized shipbuilders, Daesun Shipbuilding, completed the sale of its primary yard at the end of December 2025, bringing to a close a long heritage in the industry. Started in 1945, Daesun was considered the oldest of the South Korean shipyards but had in recent years struggled with mounting debt. The sale of the Yeongdo facility in the Busan area was completed on December 26, going to Hanla IMS,...

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river cruise ship

River Cruise Passengers Celebrate NYE Stranded on the Danube

Published Jan 1, 2026 3:41 PM by The Maritime Executive

A group of nearly 200 passengers on a luxury river cruise were forced to make the best of it and celebrate New Year’s Eve while they were stranded on the Danube. Local authorities said they were in no danger, but due to low water levels, which are continuing to fall, there was no way to release the cruise ship Nicko Vision from the gravel bottom of the river. The ship, which is 135 meters (443 feet) in length, was making...

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Russian flag

Russia Asks Trump Administration to Stop Chasing Sanctioned Tanker

Published Jan 1, 2026 2:22 PM by The Maritime Executive

The sanctioned tanker Bella 1 has been formally registered with the Russian flag and renamed, complicating American efforts to "pursue" and potentially seize the giant VLCC in a low-speed chase across the Atlantic. Russia has asked the Trump administration to give up the chase, according to the New York Times. As of New Year's Day, Bella 1's Equasis record has yet to change, but she is back to broadcasting her position and ship's particulars on AIS. The crew has set...

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grounded bulker and tug off Taiwan

Video: Taiwan Rescues Crew from Tug Sent to Rescue Grounded Bulker

Published Jan 1, 2026 2:02 PM by The Maritime Executive

It became a compound series of problems as a bulker grounded as it was preparing to arrive at a port in Taiwan, and then the tug sent to rescue the grounded vessel also experienced problems requiring its own rescue. Bad weather forced Taiwan’s Air Service Corps into action after a crewmember was injured aboard the tug and required hospitalization. The bulker CSE Prosperity Express (28,350 dwt) was arriving at Taiwan’s Hualien port on the eastern shore of the island on...

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Offshore

Sister ship Armada 86 06 (file image courtesy Ocean Infinity)

Ocean Infinity Launches New Search for Lost Flight MH370

Ocean Infinity has launched its search for the lost Flight MH370, the aircraft that disappeared over the Indian Ocean in 2014. MH370's fate remains unknown, and the company believes that its advanced search technology could find the wreckage at last and perhaps yield new clues into the aircraft's loss. AIS tracking provided by Pole Star Global shows that the Ocean Infinity ship Armada 86 05 is on station and searching at a position about 1,100 nautical miles west of Perth....

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Shipbuilding

South Korean Daesun Shipbuilding

Mid-Sized South Korean Shipbuilder Daesun Completes Sale of Shipyard

After two years of financial restructuring, the smallest of South Korea’s surviving midsized shipbuilders, Daesun Shipbuilding, completed the sale of its primary yard at the end of December 2025, bringing to a close a long heritage in the industry. Started in 1945, Daesun was considered the oldest of the South Korean shipyards but had in recent years struggled with mounting debt. The sale of the Yeongdo facility in the Busan area was completed on December 26, going to Hanla IMS,...

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Environment

Fish

Hydropower Can Give Fish Decompression Sickness. New Tech May Help.

[By Sølvi Normannsen] Hundreds of Norwegian hydropower plants threaten fish and bottom-dwelling animals by exposing them to water that is oversaturated with air. The danger increases with wilder, wetter weather and more flooding. The solution may be to use sound in a new way. Professor Ole Gunnar Dahlhaug and postdoctoral fellow Wolf Ludwig Kuhn at NTNU have three goals: To understand the problem of gas supersaturation at hydropower plants, to solve it, and to help correct mistakes made during Norway’s...

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Business

Mare Island California

Mare Island Dry Dock Closes After Losing USCG Contract

California’s Mare Island Dry Dock posted a notice on its webpage on January 1 reporting that it has made the “difficult decision” to end operations due to “unfortunate circumstances beyond our control.” The decision to close the operation was effective immediately and reportedly puts as many as 80 full-time employees out of work. The City of Vallejo, California, said it had been informed of the business decision by the dry dock company on December 30. They called it an unfortunate...

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