Friday, August 21, 2026
Media Kit
shadow fleet tanker detained in Germany

Legal Battle for Germany to Sell Oil from Detained Shadow Tanker Drags On

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Hyundai shipyard South Korea

Report: Korea’s HD Hyundai Negotiating Acquisition of US Shipyard

Published Aug 21, 2026 2:29 PM by The Maritime Executive

South Korea’s largest shipbuilder, the HD Hyundai Group, is reportedly closing in on the acquisition of a U.S. shipyard as the next piece of its strategy for the American industry. Korean media reports indicate that the company is pursuing the acquisition after having already formed several partnerships also designed to leverage the opportunities under Korea’s MASGA (Make American Shipbuilding Great Again) initiative. HD Hyundai is said to be in advanced negotiations with the American shipyards after having targeted two or...

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Laura DiBella, Chairman Federal Maritime Commission

Op-Ed: FMC Chairman DiBella Calls for Rethinking IMO’s Net-Zero Framework

Published Aug 21, 2026 1:02 PM by Laura DiBella

The Net-Zero Framework (NZF), currently under consideration at the International Maritime Organization (IMO), is an effort to reduce greenhouse gas emissions from ships, aiming for net-zero emissions in the maritime sector by the year 2050. In its current state, this initiative raises more questions than it answers and must be rethought before international acceptance and implementation. Specifically, any viable proposal must allow for the maximum range of alternate fuel sources, including LNG and bio-LNG. The primary flaw in the NZF...

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The Maritime Executive Ship Management Edition

The Maritime Executive’s Ship Management Edition is Now Online

Published Aug 21, 2026 12:16 PM by Tony Munoz

DOG DAYS It's been a long, hot summer with record temperatures in Europe and the U.S., on-and-off-again hostilities in the Middle East and the ongoing war in Ukraine. Dog days of summer? Dog days of war? Take your pick. And maritime has been right in the middle of it. The Wallem Group and its fearless leader, John Rowley, grace this edition's cover. Educated at Sandhurst and having served five years as a paratrooper in the British Army, Rowley knows all...

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cargo ship aground on canal embankment

Video: Irish Cargo Ship Veers into Canal Embarkment in the Netherlands

Published Aug 21, 2026 12:16 PM by The Maritime Executive

For the second time this month, a cargo vessel navigating on the busy Ghent-Terneuzen canal veered out of the navigation channel and struck the mud embankment. The water authority, Rijkswaterstaat, reports that while there were no injuries or serious damage, it is investigating the cause of the incidents. The Arklow Falcon, a 90-meter (295-foot) general cargo ship registered in Ireland, had entered the canal bound for Ghent in Belgium on Thursday evening, August 20. According to the reports, around 6:45...

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Offshore

The South African lease area covered part of the Orange Basin, a geological region where Shell has had success on the Namibian side of the boundary line, above (Press handout courtesy Odfjell)

Top Court Ends Shell's South African Wild Coast Offshore Lease

Last Friday, oil major Shell lost a long-running court battle over its offshore oil and gas exploration plans for a frontier region off South Africa's "Wild Coast," an unspoiled stretch of coastline that provides habitat for migrating humpback whales. Environmental groups (including Greenpeace) began suing Shell back in 2021 in an attempt to stop seismic surveying off the Wild Coast, asserting that it would be harmful to whales and to commercial fishermen. Shell countered that its plans were compliant with...

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Shipbuilding

Hyundai shipyard South Korea

Report: Korea’s HD Hyundai Negotiating Acquisition of US Shipyard

South Korea’s largest shipbuilder, the HD Hyundai Group, is reportedly closing in on the acquisition of a U.S. shipyard as the next piece of its strategy for the American industry. Korean media reports indicate that the company is pursuing the acquisition after having already formed several partnerships also designed to leverage the opportunities under Korea’s MASGA (Make American Shipbuilding Great Again) initiative. HD Hyundai is said to be in advanced negotiations with the American shipyards after having targeted two or...

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Environment

Laura DiBella, Chairman Federal Maritime Commission

Op-Ed: FMC Chairman DiBella Calls for Rethinking IMO’s Net-Zero Framework

The Net-Zero Framework (NZF), currently under consideration at the International Maritime Organization (IMO), is an effort to reduce greenhouse gas emissions from ships, aiming for net-zero emissions in the maritime sector by the year 2050. In its current state, this initiative raises more questions than it answers and must be rethought before international acceptance and implementation. Specifically, any viable proposal must allow for the maximum range of alternate fuel sources, including LNG and bio-LNG. The primary flaw in the NZF...

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Business

Balboa Panama container terminal

CK Hutchison Ups the Ante Starting Second $1.5B Arbitration Against Panama

Hong Kong-based CK Hutchison Holdings has started a second arbitration against the Republic of Panama over the cancellation earlier this year of its subsidiary’s port concession. While the Panama Ports Company is already pursuing an arbitration that it said could amount to more than $2 billion in damages for the contract, the parent company is now seeking damages of more than $1.5 billion for breaches of treaty obligation and international law. The company asserts breaches of an investment protection treaty...

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