Tuesday, February 10, 2026
Media Kit
Port Vila, Vanuatu

Vanuatu Alerts of False Flag Impostor and Starts Investigation

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cyber

Norway Flags Russian Cyber Espionage Campaign on Maritime Infrastructure

Published Feb 9, 2026 10:52 PM by The Maritime Executive

Norwegian security agencies have warned of increased Chinese and Russian intelligence operations in 2026, with maritime infrastructure a major target. This was revealed by the Norwegian Police Security Service (PST) in its 2026 national threat assessment, which was released last week. The report claims Norway is facing its most serious security situation since World War II. In addition, PST noted that China and Russia have enhanced their abilities to conduct intelligence operations in Norway, primarily through the cyber domain. Iran...

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Eagle S

EU Moves Closer to a Full Ban on Russian Oil Shipping Services

Published Feb 9, 2026 10:01 PM by The Maritime Executive

The European Commission's latest proposal for sanctions on Russia includes a full ban on European maritime services for the shipping of Russian crude oil, driven by the EU's need to generate leverage at the negotiating table on the war in Ukraine. It is a retreat from the incrementalism of the G7 "price cap" policy, which was promoted by former U.S. Treasury Secretary Janet Yellen in 2022 as substitute for a full maritime services ban. The price cap system created a...

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container imports

U.S. Container Imports Expected to Fall in First Half of 2026

Published Feb 9, 2026 8:01 PM by The Maritime Executive

While there appear to be signs of a normalization in the U.S. container import flows and less impact from frontloading, the expectations are that volumes will continue to fall at least through the first four months of 2026. Uncertainty about the U.S.’s tariffs, policy issues, and geopolitical developments all continue to weigh on the outlook for trade. Both the National Retail Federation and Descartes Global are pointing to a weak start to 2026 import volumes. Descartes calculates that January container...

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Singapore shipyard

PaxOcean Opens New Singapore Shipyard to Handle Larger Projects

Published Feb 9, 2026 6:39 PM by The Maritime Executive

PaxOcean marked the opening of its new Singapore shipyard, which is larger and incorporates the latest technologies to strengthen Singapore’s newbuilding, fabrication, conversion, and repair capabilities. The yard replaces the older yard launched in 2007 and will feature a center for R&D, along with a purpose-built innovation hub. The company reports it spent two years developing the new facility located in the Jurong Industrial Estate and invested more than S$200 million (US$158 million) in its development. At 17.26 hectares, it...

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Offshore

Transocean Barents

Transocean Buys Valaris for $6 Billion, Creating New Industry Leader

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups - 73 rigs in total - across global markets. Transocean CEO and President Keelan Adamson suggested that the combination makes for "a very attractive investment" in offshore...

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Shipbuilding

Singapore shipyard

PaxOcean Opens New Singapore Shipyard to Handle Larger Projects

PaxOcean marked the opening of its new Singapore shipyard, which is larger and incorporates the latest technologies to strengthen Singapore’s newbuilding, fabrication, conversion, and repair capabilities. The yard replaces the older yard launched in 2007 and will feature a center for R&D, along with a purpose-built innovation hub. The company reports it spent two years developing the new facility located in the Jurong Industrial Estate and invested more than S$200 million (US$158 million) in its development. At 17.26 hectares, it...

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Environment

LCO2 transport

Northern Lights has Deals With Shipping Lines to Double CO2 Transport Fleet

The Norwegian CO2 storage initiative, which became the first commercial operation for carbon capture and storage, announced a new deal that will double the company’s fleet by 2029. This comes just months after the company completed its first injection of liquid CO2 for permanent storage. Northern Lights, which is a joint venture between Equinor, TotalEnergies, and Shell, reports it has struck a new charter deal with major shipping companies, including existing partner Kawasaki Kisen Kaisha (“K” Line), while adding MISC...

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Business

Samsung shipbuilding

Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager

According to a stock exchange filing, Korea’s Samsung Heavy Industries canceled the delivery of the first of two crude oil tankers just as the vessel was due to be delivered. It cites the “shipowner’s financial difficulties,” warning that the second vessel could also be revised, while the speculation is that these tankers were ordered as part of a network linked to shipping Iranian and Russian oil. The contract was reported in June 2023, and, in the style of the South...

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