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Chinese Refiners Are Absorbing Much of the Hit From Hormuz Shutdown

Chinese Refiners Are Absorbing Much of the Hit From Hormuz Shutdown

By The Maritime Executive
May 26, 2026
  Many oil market observers have been baffled by the consistently low pricing for crude benchmarks since the start of the Strait of Hormuz crisis knocked out 12-15 million barrels per day of Middle...
FMC Collects Civil Penalty Payment of $1.9 Million from Maersk

FMC Collects Civil Penalty Payment of $1.9 Million from Maersk

By The Maritime Executive
May 26, 2026
[By Federal Maritime Commission] The Federal Maritime Commission (FMC or Commission) investigates potential violations of the Shipping Act and Commission regulations and negotiates settlements an...
MSC Settles Out of Court Over 2024 Runaway Ship Incident in Charleston

MSC Settles Out of Court Over 2024 Runaway Ship Incident in Charleston

By The Maritime Executive
May 26, 2026
A filing with the U.S. District Court in South Carolina last week confirmed a settlement has been reached in a suit pending related to the 2024 incident in which an MSC containership lost control an...
Outcry as Russian Drone Appears to Target Sail Training Ship in Odesa

Outcry as Russian Drone Appears to Target Sail Training Ship in Odesa

By The Maritime Executive
May 26, 2026
Outcry as Russian Drone Appears to Target Sail Training Ship in Odesa Ukrainian media is questioning why Russia used one of its drones to target a Soviet-era sail training ship laid up in Odesa....
Strait of Hormuz Delays Are Translating into Downstream Production Losses

Strait of Hormuz Delays Are Translating into Downstream Production Losses

May 26, 2026
  The disruption in the Strait of Hormuz is often described in geopolitical or energy-market terms: oil prices, LNG flows, naval posture, and regional escalation. That framing, while accurate, unde...
South Korea to Join Elite Nations with Nuclear-Powered Subs by Mid-2030s

South Korea to Join Elite Nations with Nuclear-Powered Subs by Mid-2030s

By The Maritime Executive
May 26, 2026
South Korea’s government officially unveiled its “Basic Plan” for the development of the republic’s nuclear-powered submarines. It seeks to become part of the elite group of nations that have develo...
Oman Leverages its Influence With Iran to Resolve Strait of Hormuz Impasse

Oman Leverages its Influence With Iran to Resolve Strait of Hormuz Impasse

By The Maritime Executive
May 26, 2026
  In parallel with ceasefire talks between American and Iranian diplomats in Islamabad and Doha, Oman hosted an Iranian delegation in Muscat on May 24 to discuss the specific question of navigation...
Seafarers Begin Strike Against Three Ships Owned by Iceland’s Eimskip

Seafarers Begin Strike Against Three Ships Owned by Iceland’s Eimskip

By The Maritime Executive
May 26, 2026
  The bosuns and able seamen represented by the Icelandic Seamen’s Union (SI) followed through on their earlier threat and began a strike on Monday, May 25, at noon. The three containerships owned...
Little Sign of Movement at Iran's Oil Terminals Amidst Ongoing Talks

Little Sign of Movement at Iran's Oil Terminals Amidst Ongoing Talks

By The Maritime Executive
May 26, 2026
  Over the course of Monday night, US Central Command conducted limited strikes on Iranian targets that it claimed were a threat to US forces. The targets struck included an anti-ship cruise missil...
Seychelles Arrests Eight Iranians and Destroys Dhow Smuggling $23M of Drugs

Seychelles Arrests Eight Iranians and Destroys Dhow Smuggling $23M of Drugs

By The Maritime Executive
May 26, 2026
Authorities in the Seychelles have arrested eight Iranian nationals suspected of drug trafficking. Its Defence Force intercepted a stateless dhow that was loaded with opioids and cocaine worth €20 m...

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