Monday, January 05, 2026
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The Greek graffiti found on the central carling are dated to the first half of the 1st century AD. Christoph Gerigk/Franck Goddio/Hilti Foundation

Archaeologists Unearth Ancient "Party Boat" in Alexandria's Harbor

Published Jan 4, 2026 10:09 PM by The Conversation

[By Damian Robinson and Franck Goddio] Beneath the shifting waters of Alexandria’s eastern harbour, on Egypt’s Mediterranean coast, lie the drowned remnants of a once-splendid city – ports, palaces and temples swallowed by the sea. Submerged by earthquakes and a rising sea level, these lost monuments have become the focus of survey and excavations by the European Institute for Underwater Archaeology, in conjunction with Egypt’s Ministry of Tourism and Antiquities. Much of our recent work has centered around Antirhodos Island,...

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Aruna Hulya (Cengiz Tokgoz / VesselFinder)

Nigerian Police Arrest 22 Crewmembers After Finding Small Cocaine Shipment

Published Jan 4, 2026 9:22 PM by The Maritime Executive

Nigerian authorities have arrested 22 crewmembers from a bulker after finding a small shipment of cocaine aboard the vessel. In November, the bulker Aruna Hulya got under way from Santos, Brazil - a notorious cocaine-trafficking hub - and got under way on a transatlantic crossing to Lagos, arriving December 26. The vessel moored at the GDNL terminal complex in Lagos. Upon boarding, Nigerian authorities found about 32 kilos of cocaine inside the number-three hatch, officials said in a social media...

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Cash

Missing $8 Billion in Shadow-Fleet Oil Revenue Primes Iran for Revolt

Published Jan 4, 2026 7:06 PM by The Maritime Executive

Early readers of the Maritime Executive magazine’s Nov/Dec edition will have been pre-warned about Iran’s Velayat-e Faqih regime being on the brink of imminent collapse. As protests and street riots continue, it is evident, as predicted, that the prime mover bringing Iranians onto the street are the economic hardships that the general population is now suffering. Iranians have tried to get on with their lives, ignoring what they dislike about the regime. But with inflation, unemployment, rising food prices, shortages...

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Traffic at Port Abidjan, Ivory Coast, 2021 (Eric Browin / CC BY SA 4.0)

Ghana Takes Lead in Modernizing Short Sea Shipping in West Africa

Published Jan 4, 2026 6:27 PM by The Maritime Executive

To boost coastal shipping in West Africa, Ghana has confirmed plans to establish a ferry service along the Lagos-Abidjan corridor. Last month, Ghana’s Transport Minister Joseph Nkipe confirmed to the local media that the planning for the ferry service is in advanced stages. A marine consultancy company has already been appointed to fast-track the development of the service. The ferry service is reportedly nicknamed the "Afropax", and would provide first-of-its kind maritime connectivity in West Africa. The service involves linking...

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MORE STORIES BY CATEGORY

Offshore

offshore wind farm installation

Ørsted and Equinor Sue Challenging Stop-Work Orders for Offshore Wind Farms

Two more offshore wind farms filed suits against the Trump administration after they were ordered in late December to stop work due to “national security” concerns. Danish offshore wind energy developer Ørsted amended its existing complaint in U.S. District Court to challenge the Trump administration’s stop-work order on the nearly completed Revolution Wind project, while Norwegian company Equinor filed a civil suit on January 2 for the Empire Wind project. Both companies said they would file motions for a preliminary...

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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

Coral

Researchers Say the Oceans Have Passed a Milestone for Acidification

[By Anna Napolitano] The past 12 months have been worrying for researchers who study the chemistry of the ocean. More and more evidence has been published showing that human activities are fundamentally altering this chemistry in an acidic direction. At the end of 2025, it seems clear ocean acidification is pushing the largest habitat on Earth into a risky zone. Ocean acidification is part of the global carbon cycle. When carbon dioxide dissolves in water, it forms carbonic acid. This...

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Business

Hikawa Maru Japan

NYK Plans Long-Term Preservation of Japan’s Last Surviving Ocean Liner

Planning is underway for the long-term preservation of the 95-year-old former ocean liner Hikawa Maru, which is now on permanent display in Yokohama. Considered a nationally important cultural property, the vessel was the largest Japanese passenger ship to survive World War II and today is celebrated as a key part of NYK and Japan’s maritime heritage. The company reports that an expert committee specialized in ship preservation and architecture will meet for the first time on January 8, 2026. The...

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