Wednesday, February 11, 2026
Media Kit
Arctic Security Cutter rendering for Helsinki Shipyard and Davie

Davie and Helsinki Shipyard Ink Contract for Five More USCG Arctic Cutters

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A Coruna

Seven Fishermen Rescued From Listing Vessel off A Coruña

Published Feb 10, 2026 10:22 PM by The Maritime Executive

Seven fishermen from a stricken vessel were rescued by good Samaritans off the coast of A Coruña on Monday, according to Spanish SAR agency Salvamento Maritimo. At about 1050 hours on Monday morning, the agency's rescue center in A Coruña received a distress call on VHF from a fishing vessel, the Abra de Muxia. The crew reported that they had just rescued seven people from another fishing vessel, the Itoitz, which had taken on a severe list. Given the situation...

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Inner harbor at Luperon, DR (Hector Mota / CC BY NC ND 2.0)

Aging OSV Goes Hard Aground on the Rocks in Dominican Republic

Published Feb 10, 2026 9:24 PM by The Maritime Executive

An OSV carrying a tugboat on deck has gone aground outside the bay at Luperon, a popular sailing yacht destination on the north side of the Dominican Republic. The vessel is the ENE Vision (IMO 9203459), a 1998-built OSV of about 1,800 dwt. It was formerly known as HOS Crossfire, and was sold by previous owner Hornbeck Offshore some time ago, the firm told local media; however, the vessel's name and ownership have not been updated in its Equasis record,...

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Lockheed Lamprey

Lockheed Unveils Drone That Can Hitchhike on Ship's Hulls

Published Feb 10, 2026 9:19 PM by The Maritime Executive

Lockheed Martin has unveiled a new autonomous unmanned vessel (AUV) class designed for long endurance, named Lamprey in a nod to its unique ability to hitch a ride on vessel hulls. Lamprey is intended to fill a variety of mission sets for the Navy. The clearest application in peacetime is for ISR purposes, as small robotic submersibles can evade detection while gathering useful information. In conflict, the same stealth capability could be used for sea denial: the drones could get...

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tanker being refloated

Philippines Works to Refloat Tanker Driven Ashore in Storm

Published Feb 10, 2026 8:28 PM by The Maritime Executive

The Philippine Coast Guard is monitoring the situation as efforts are underway to refloat a tanker that went ashore in the environmentally sensitive Oriental Mindoro region, a province in the western Philippines south of Manila. They are reporting that the 18 crewmembers aboard the vessel are safe and there have been no reports of pollution from the vessel. The tanker Espada was traveling only with ballast from Batangas, south of Manila, to Negros in the southern Philippines when it encountered...

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Offshore

Transocean Barents

Transocean Buys Valaris for $6 Billion, Creating New Industry Leader

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups - 73 rigs in total - across global markets. Transocean CEO and President Keelan Adamson suggested that the combination makes for "a very attractive investment" in offshore...

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Shipbuilding

Singapore shipyard

PaxOcean Opens New Singapore Shipyard to Handle Larger Projects

PaxOcean marked the opening of its new Singapore shipyard, which is larger and incorporates the latest technologies to strengthen Singapore’s newbuilding, fabrication, conversion, and repair capabilities. The yard replaces the older yard launched in 2007 and will feature a center for R&D, along with a purpose-built innovation hub. The company reports it spent two years developing the new facility located in the Jurong Industrial Estate and invested more than S$200 million (US$158 million) in its development. At 17.26 hectares, it...

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Environment

Ship

Navigating the Deadlock: Accelleron’s Daniel Bischofberger on Green Fuels

Accelleron, a leading provider of turbocharging, fuel injection, and digital solutions for marine engines and ships, recently released a study on the multifaceted, multi-industry challenges slowing shipping's transition to carbon-neutral fuels. TME recently spoke with CEO Daniel Bischofberger about the current state of marine decarbonization, regional developments in Asia-Pacific, and the path forward for the industry. Can you describe the current state of shipping's transition to carbon-neutral fuels? The ships are ready, but the fuel is not. The technology exists...

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Business

DP World chairman and CEO Sultan Ahmed bin Sulayem

Investors Back Away from DP World as CEO's Links to Epstein Scandal Appear

While the shipping world seemed to be far removed from the growing U.S. scandal around convicted sex offender Jeffrey Epstein, logistics giant DP World is now coming under pressure due to revelations about its long-time Chairman and CEO. Two giant institutional investors have announced they are suspending future investments with the company until it addresses the situation. Sultan Ahmed bin Sulayem has led the global giant for nearly 20 years and built its global portfolio. At first, the reporting of...

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