Wednesday, October 7, 2026
Media Kit
UKMTO

Tanker Hit Multiple Times in Arabian Gulf, Casualties Reported

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Copernicus

Saudi Bypass Pipeline Quickly Rebounded After Attack, Export Data Shows

Published Oct 6, 2026 11:17 PM by The Maritime Executive

Operations at Saudi Arabia's Red Sea loading terminals have rebounded more swiftly than expected, according to a new analysis from Kpler. The consultancy found that with the East-West Pipeline restored to service, loadings from the two main Aramco terminals on the Red Sea came in at about 45 million barrels in total from September 17 through October 4 - an average of about 2.5 million barrels per day over the period. Tstrong showing reflects Aramco's ability to rapidly circumvent or...

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Cash

Seafarers Now Command Huge Bonuses for Hormuz Transits

Published Oct 6, 2026 9:38 PM by The Maritime Executive

Shipowners aren't the only ones making a fortune from million-dollar day rates for Hormuz transits. Far from being coerced or tricked into sailing into harm's way, seafarers are reportedly able to earn a small fortune if they agree to brave the short but dangerous run through the strait. According to the Financial Times, tanker captains are making base salaries of up to $100,000 per month plus a $50,000 per-trip bonus aboard ships that make the Hormuz run. The rest of...

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OSV

Quick Action Stops OSV From Sinking at Dock in the Netherlands

Published Oct 6, 2026 9:12 PM by The Maritime Executive

The harbor master and local emergency services are reporting that a quick, coordinated action on Monday evening prevented a Spanish-flagged offshore support vessel from sinking at the dock in Eemshaven in the Netherlands. The vessel Nautilus reported that it was taking on water as it was returning to the Dutch port around 18:30 on October 5. The local emergency service, Veiligheidsregio Groningen, scaled the incident to a Level 1 emergency, reporting the vessel was clearly sinking with the forward section...

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containership with new system for securing containers

HD Hyundai Delivers World's First "Lashing-Free" Containership to CMA CGM

Published Oct 6, 2026 8:34 PM by The Maritime Executive

South Korean shipbuilding group HD Hyundai is reporting the delivery of its first container vessel using the company’s newly developed "Lashing-Free" system that eliminates the need for workers to manually secure containers on board. It highlights benefits of increased capacity and ease of handling while also reporting that the system will be able to handle heavy weather and provide other benefits to the ships. The system was installed on a new containership built for CMA CGM, which underwent sea trials...

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Offshore

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New Zealand Invests $20 Million in New Offshore Gas Projects

New Zealand has made further progress in restarting domestic gas production with a new round of funding targeting offshore exploration projects. Resources Minister Shane Jones and Associate Finance Minister Chris Bishop this week announced $21 million financing for two offshore gas projects. The financing will be made through the Gas Security Fund (GSF), a $113 million state-owned investment facility to ramp up gas production in New Zealand. One of the projects considered for funding in this round is EnZed Energy’s...

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Shipbuilding

TOTE

MARAD, TOTE and Hanwha Philly Finalize Deal to Build MDA's Tracking Ships

U.S. maritime conglomerate TOTE has accepted a contract with MARAD to manage the Missile Range Instrumentation Vessel (MRIV) project, a three-ship series for the Missile Defense Agency (MDA), and immediately awarded a subcontract to Hanwha Philly for the construction of the first hull plus two options. In July, MARAD announced that it had awarded Hanwha Philly and TOTE Services the bid to build the MRIVs (not to be confused with MIRVs, the munition class underlying MDA's primary mission). Outfitted with...

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Environment

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Study Suggests Deep Sea Mining Could Be a Loss-Making Proposition

Any deep-ocean seabed operation is an expensive proposition, as research vessel operators and offshore drilling companies are well aware. Deep-sea mining for manganese nodules would be no exception, demanding specialized tonnage, robotics, processing equipment and R&D. In a new report, some of the budding industry's opponents suggest that the overhead of industrial-scale subsea operations could make deep sea mining a loss-making proposition - even before accounting for environmental factors. Drawing on an investment prospectus for two projects belonging to The...

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Business

COSCO containership

FMC Threatens COSCO with Large Civil Penalty for Delayed Payment

The Federal Maritime Commission filed a Show Cause order at the end of last week against the Chinese-flagged carrier COSCO, which threatens the potential for "substantial" civil penalties for delaying for more than seven months the payment of a small award. The Commission notes that the action of the carrier “raises questions about whether these potential violations of statutes were knowing and willful,” while hinting at a concern that a failure to act undermines the authority of the Commission. The...

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