Tuesday, November 3, 2026
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Williamstown shipyard Australia

BAE Systems' Sale of Dormant Australian Naval Shipyard Raises Concerns

Published Nov 2, 2026 7:14 PM by The Maritime Executive

The likelihood of a new political debate over Chinese ownership and the sale of key elements of Australian infrastructure is growing as opponents cite the proposed sale of a former shipyard site to a real estate management company in part owned by a Hong Kong-based company. The issue of Chinese control has come to the forefront over the past few years as the political debate grew over the Port of Darwin, which was leased to a Chinese company. News broke...

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Wind turbine instalaltion

Dominion Energy Reports Offshore Wind Farm Is 85% Complete

Published Nov 2, 2026 6:09 PM by The Maritime Executive

Dominion Energy gave investors a positive update on its offshore wind farm, Coastal Virginia Offshore Wind, during its most recent earnings call. While there has not been a lot of positive news in the U.S. sector, the company stresses they remain on schedule after having delayed the completion target and says the estimated power cost continues to fall significantly. As of the end of October, Dominion Energy reports the project overall is 85 percent complete, with the focus continuing to...

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Shipbreakers at work, pre-HKC, at a Chittagong yard in 2009 (Naquib Hossain / CC BY SA 2.0)

HKC and Basel: Two Conventions, One Ship, And a Shared Way Forward

Published Nov 2, 2026 5:15 PM by Prof. Dr. Ishtiaque Ahmed

A ship can arrive at a recycling yard with its certificates in order. That does not establish where its asbestos will end up, whether workers will breathe toxic dust, or whether contaminated water will reach neighbouring communities. For ship recycling, the distance between legal paperwork and actual protection is where the international debate must finally land. The Hong Kong Convention (HKC), adopted in 2009, entered into force on 26 June 2025. Its relationship with the 1989 Basel Convention remains unsettled....

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container fire

Hapag and ONE Warn Cargo on Espirito Santo Express Is Severely Fire Damaged

Published Nov 2, 2026 4:37 PM by The Maritime Executive

Two weeks after the fire began in the South Atlantic aboard the containership Espirito Santos Express, carriers are now advising customers that they expect “the vast majority of the cargo to be either severely damaged by the fire or a total loss.” This news comes as salvage teams are reported to be making progress with the fire as well as with another containership, HMM Platinum, which reported a fire around the same time. Built in 2018 and owned by Seaspan...

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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

26 boxes of shark fins seized in Anchorage, October 2025 (USFWS)

U.S. Makes Massive Bust Targeting Shark Fin Smuggling Ring

The U.S. Fish and Wildlife Service has announced a massive bust of illegal shark fins, seized at ports around the United States. Concerningly, the characteristics of the dried and preserved fins matched primarily with two species of internationally-protected sharks. Last October, a shipment of shark fins was discovered by inspectors at the port of Anchorage, Alaska. It was disguised as a consignment of car parts. Delving into the details of the package, the Fish and Wildlife Service launched a broader...

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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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