Monday, September 14, 2026
Media Kit
USCG cutter commissioning

USCG Commissions Cutter Dedicated to 9/11 Hero

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Healey

Surging Social Program Costs Dampen UK's Hopes for a Stronger Royal Navy

Published Sep 13, 2026 5:13 PM by The Maritime Executive

In June, hopes rose that the resignation of Defense Minister John Healey over the lack of commitment to raise UK defense spending to 3% of GDP by 2030 would finally bring about a commitment from the UK’s Labour Government to achieve the target. Hopes rose further when Healey was subsequently put in charge of the nation’s finances after new Prime Minister Andy Burnham appointed Healey as Chancellor of the Exchequer. If anything, the 3% of GDP target by 2030 now...

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Basarnas

Indonesian Ferry Capsizes South of Borneo, Leaving Up to 140 Missing

Published Sep 13, 2026 3:43 PM by The Maritime Executive

Authorities in Indonesia are searching for an estimated 130 people after a ferry capsized in the Java Sea. At about 0200 on Sunday morning, the ferry Virgo Transport8 was under way from Surabaya to Banjarmasin, South Kalimantan, and was about 80 nautical miles south of its destination. Passengers described rough surface conditions during the transit. At about 0400 hours, Indonesian SAR agencies received a distress alert about the vessel's situation. First responders on scene found that it had capsized. The...

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Tanker attack hormuz

U.S. Shows More Restraint After Latest Iranian Tanker Strike

Published Sep 13, 2026 1:14 PM by The Maritime Executive

Over the weekend, U.S. and Iranian forces continued to trade tit-for-tat maritime strikes on each others' shipping interests, though at smaller scale. This time, U.S. forces hit back with a smaller strike on a smaller target, inflicting limited and repairable damage. On Saturday night, a Panama-flagged tanker reported a hit from an unidentified projectile during an inbound (ballast) transit through the Strait of Hormuz, according to Ambrey. UK Maritime Trade Operations confirmed the strike on Sunday morning, and added that...

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Oversized

Published Sep 13, 2026 12:05 PM by Tom Peters

The growing global demand for clean energy and more energy (think data centers) is driving the growth of heavy lift, special project and breakbulk cargoes through international seaports. Offshore wind projects require, among other components, huge blades and turbines that will eventually add clean power to major power grids in America and elsewhere. While ports have announced increases in these cargoes, the infrastructure required to effectively handle these awkward pieces requires specialized equipment and knowledge. For Carver Companies, with global...

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Offshore

Humboldt Bay California

California Sues DOI Calling Offshore Wind Cancellation “Blatantly Unlawful"

California Attorney General Rob Bonta and the California Energy Commission moved forward with their earlier challenges and filed a lawsuit on August 28 against the Trump administration and Golden State Wind over what it is calling “the unlawful buyout” of the offshore wind energy lease. The state is contending the deal to buy back the offshore wind lease is illegal and would jeopardize its investments to support the project, the state’s energy policy, and the commitments from the developer for...

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Shipbuilding

fire on bulker undergoing repairs in China

China’s President Demands Action After Shipyard Fire Kills 25 Workers

A large fire broke out on a dry bulk carrier undergoing repairs in a Chinese shipyard, resulting in the death of 25 workers and injuring five others who were taken to a hospital. The fire, which is being reported as one of China’s worst industrial incidents, drew the personal attention of President Xi Jinping, who called for an investigation to hold those responsible for the deaths accountable. Chinese state media reported the fire started at approximately 11:15 a.m. local time...

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Environment

Carleen

Executive Interview: Carleen Lyden Walker, Co-Founder & CEO, NAMEPA

Carleen Lyden Walker is one of the best-known figures in maritime – founder of her own marketing business, co-founder of NAMEPA, former IMO Maritime Ambassador, Chief Evolution Officer of SHIPPINGInsight and a fierce advocate for all things maritime. She's a frequent speaker and participant at maritime conferences around the world, advocating for seafarers' rights, environmental stewardship and the role of women in maritime while raising the profile of an industry that touches every aspect of human life. Welcome, Carleen, we're...

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Business

COSGRAND LAKE

Poten: VLCC Rates Hit Unprecedented Levels Amidst Mideast Conflict

Participants in the tanker industry are no strangers to market cycles combined with extreme volatility. However, even seasoned veterans are looking at current developments in the market and scratching their heads. What is happening is truly unprecedented. It begs the question: What is driving this market and, more importantly, how sustainable is it? In this Tanker Opinion we will focus on the market for Very Large Crude Carriers (VLCCs), the most volatile and visible tanker segment. Just to provide a...

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