Sunday, April 05, 2026
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Dali containership and Baltimore bridge

Insurer Pays Out $350M to Dali’s Owner/Operator Before Trial Starts

Published Apr 3, 2026 8:37 PM by The Maritime Executive

The insurance company that underwrote the coverage for Maryland on the Francis Scott Key Bridge in Baltimore reported to the court that it has settled with the owner and operator of the containership Dali. The first of what could be several settlements comes as the court is telling the parties to be ready to go to trial in just two months. Two years after the allision that destroyed the bridge, killed six roadworkers, and cost the Baltimore and Maryland economy...

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bulker sinking after Houthi attacks

Houthis Release Russian Seafarer in Apparent UN-Brokered Deal

Published Apr 3, 2026 7:02 PM by The Maritime Executive

A Russian seafarer, believed to be the last held by the Houthis, was released and flown out of Yemen by the United Nations on April 2. It appears to have been part of a deal arranged by the UN that also brought a number of Houthis who had been receiving medical treatment or who had been stranded overseas back to Sanaa. The seafarer was identified by Reuters as Aleksei Galaktionov, who had been aboard the bulker Eternity C, which was...

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bulker burning in Persian Gulf

Human Remains Reportedly Found on Thai Bulker Attacked by Iranians

Published Apr 3, 2026 5:47 PM by The Maritime Executive

The Thai shipping company Precious Shipping reported on Friday, April 3, that human remains had been located aboard its vessel, the Mayuree Naree, more than three weeks after the ship was attacked near the Strait of Hormuz. The company had reported that three crewmembers were missing after the attack, and the ship was abandoned. The company had previously said it appeared unlikely that the crewmembers would be located. The Royal Omani Navy rescued 20 crewmembers who abandoned the ship, with...

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rescue from capsized boat

Dramatic Rescue of CBP Agents and Boaters by USCG and Puerto Rico Police

Published Apr 3, 2026 4:42 PM by The Maritime Executive

A dramatic rescue took place Tuesday night, April 2, off the shores of Puerto Rico, according to a report from the U.S. Coast Guard. The incident, which started with a report of two people atop a capsized boat, quickly turned into a rescue of three Customs and Border Protection officers who had gone to the scene to investigate. The report of a capsized boat came in just after 9:00 p.m. Puerto Rico time on April 2. The report said there...

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Offshore

US LNG export terminal at Sabine Pass

QatarEnergy’s U.S. LNG Plant Achieves First Production at Critical Time

Just as the world is looking for alternative sources of LNG, Golden Pass LNG in Texas reported it has achieved first production. The project, which has been in planning and development for 15 years, is set to start export shipments in the second quarter, coming online to help fill some of the shortfall from Qatar and the Middle East. The United States is already setting records for LNG shipments and has been rivaling Qatar for the title of the largest...

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Shipbuilding

NASSCO shipyard

Samsung Heavy Industries Participates in Its First U.S. Navy MASGA Project

South Korean shipbuilder Samsung Heavy Industries announced that it will be participating in its first U.S. shipbuilding project, working with General Dynamics NASSCO and DSEC. It is a design project that is being billed as part of the South Korean program launched last year, calling for a $150 billion investment project known as Make American Shipbuilding Great Again (MASGA). The project is for the refining of the design of the future “Next Generation Logistics Support Ship,” which the U.S. Navy...

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Environment

hydrogen-fueled multi-purpose vessel

Japan Demonstrates Hydrogen-Fueled Engine for Large Commercial Vessels

Japan reports a breakthrough with the demonstration of a large hydrogen-fueled engine being developed by Japan Engine Corporation, working with Kawasaki Heavy Industries, for a demonstration project for an ocean-going vessel. It points out that most work so far with hydrogen is on smaller engines for coastal vessels, making this a major technological milestone toward the practical use of hydrogen-fueled vessels. While interest has developed in hydrogen, to date, the Japanese project points out that most of the initiatives are...

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Business

Dali containership and Baltimore bridge

Insurer Pays Out $350M to Dali’s Owner/Operator Before Trial Starts

The insurance company that underwrote the coverage for Maryland on the Francis Scott Key Bridge in Baltimore reported to the court that it has settled with the owner and operator of the containership Dali. The first of what could be several settlements comes as the court is telling the parties to be ready to go to trial in just two months. Two years after the allision that destroyed the bridge, killed six roadworkers, and cost the Baltimore and Maryland economy...

Continue Reading...