Tuesday, February 17, 2026
Media Kit
shadow fleet tanker detained in France

France Ends Weeks of Detention for Shadow Fleet Tanker with a Fine

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HMS Dragon (D35) (UK MoD)

NATO Prepares to Demonstrate its Greenland Defense Plans

Published Feb 16, 2026 10:59 PM by The Maritime Executive

NATO is to conduct a series of integrated exercises to test and exercise plans for the defense of the High North and Greenland. A keynote of the plans is the engagement of numerous NATO nations but also use of NATO command and control structures. British involvement in the plan was announced by British Prime Minister Sir Keir Starmer at the Munich Security Conference last week. The United Kingdom will deploy a Royal Navy carrier strike group (CSG) led by HMS...

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Strait of Hormuz

Iran's IRGC Prompts False Alarm in Strait of Hormuz

Published Feb 16, 2026 10:37 PM by The Maritime Executive

The IRGC Navy has made a number of half-hearted attempts to disrupt traffic in the Straits of Hormuz in recent weeks. On January 29, the IRGC Navy warned that areas of the Straits of Hormuz would be closed for a live fire exercise. On the next day, CENTCOM warned ‘the IRGC to conduct the announced naval exercise in a manner that is safe, professional and avoids unnecessary risk to freedom of navigation for international maritime traffic’, and the Iranians then...

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Fire whirl

Study: A Fire Tornado Could be Used to Clean Up Oil Spills

Published Feb 16, 2026 10:29 PM by The Maritime Executive

When the worst large-scale oil spills happen, responders turn to methods that have tradeoffs. Dispersants make the visual problem go away, causing the slick to break up and disappear into the water column before reaching shore, but have environmental effects. Burn-offs - intentional or accidental - reduce the volume of concentrated oil pools on water, but they also generate toxic smoke. A new study by a team at Texas A&M suggests that oil burn-offs can be carried out far more...

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iStock

Chevron Signs Deals for E&P Acreage off Greece

Published Feb 16, 2026 9:16 PM by The Maritime Executive

On Monday, Chevron signed a large-scale deal for the rights to four E&P blocks off the coast of Greece, expanding the company's Mediterranean portfolio and Greece's prospects for energy independence. The newly-awarded lease areas are in the southern Greek EEZ and cover a combined area of about 18,000 square miles, consisting of two south of the Pelopponese and two blocks south of Crete. The latter two areas are said to be the most promising candidates for gas exploration. Chevron holds...

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Offshore

Drillship Cagri Bey (Aplarslan Bayraktar)

Turkey Dispatches New Drillship to Waters off the Coast of Somalia

Turkey has announced plans to dispatch one of its drillships to waters off Somalia, the latest development in the two countries' strengthening ties. The drillship Cagri Bey (ex name West Draco), operated by state oil company Türkiye Petrolerii, is getting under way for an E&P project in the Arabian Sea. At a departure ceremony Monday, energy minister Alparslan Bayraktar said that the voyage plan calls for going the long way around, westbound through the Mediterranean and Strait of Gibraltar, south...

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Shipbuilding

Stornoway, Outer Hebrides, Scotland, UK

Scottish Shipbuilder Tapped for Innovative Workboat Enters Administration

A small, family-run shipbuilder that received UK government funds for an innovative project has lapsed into administration. Coastal Workboats Scotland was also unique for its location in the Outer Hebrides, with reports that it was the first shipbuilder in the area in more than 100 years. The company relocated its shipyard operations to Goat Island in Stornoway in the Outer Hebrides under a November 2023 agreement with Stornoway Port. It entered into a 10-year lease for a site for the...

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Environment

Ship

Navigating the Deadlock: Accelleron’s Daniel Bischofberger on Green Fuels

Accelleron, a leading provider of turbocharging, fuel injection, and digital solutions for marine engines and ships, recently released a study on the multifaceted, multi-industry challenges slowing shipping's transition to carbon-neutral fuels. TME recently spoke with CEO Daniel Bischofberger about the current state of marine decarbonization, regional developments in Asia-Pacific, and the path forward for the industry. Can you describe the current state of shipping's transition to carbon-neutral fuels? The ships are ready, but the fuel is not. The technology exists...

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Business

Australian container terminal

Macquarie Agrees to Buy Australian Ports and Logistics Company Qube

After nearly three months of negotiations, Qube Holdings announced today that it has agreed to be acquired by Macquarie Asset Management, an Australia-based global asset management company with more than A$720 billion (US$509 billion) under management. The deal implies an enterprise value for Qube of approximately A$11.7 billion (US$8.3 billion). Macquarie had first approached Qube in November 2025 with a non-binding proposal for the acquisition. The deal is a nearly 28 percent premium to the November 2025 share price. Macquarie...

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