Thursday, February 05, 2026
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Turkey

Report: U.S. Navy is Feeling Out Ship Construction Options in Turkey

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container yard

AI Contributes to Surge in Cargo Theft and Freight Fraud

Published Feb 4, 2026 5:55 PM by The Maritime Executive

The International Union of Marine Insurance (IUMI) is raising the alarm over a significant surge in cargo theft and freight fraud across the global supply chains. Criminals, it says, are increasingly deploying digital tools, including artificial intelligence (AI), to perpetrate illegal schemes. The lobby group IUMI, together with the Transported Asset Protection Association (TAPA) EMEA, highlights that cargo theft has evolved to become a sophisticated criminal enterprise that is causing losses running into billions. Critically, the losses indicate that cargo...

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China's naval buildup is subsidized by foreign orders, with warships constructed in the same docks with the same trained workforce (file image courtesy CSSC)

China Continued Shipbuilding Dominance in 2025, Raking In Most Orders

Published Feb 4, 2026 5:53 PM by The Maritime Executive

In 2025, China once again dominated the world's shipbuilding orderbooks, according to the latest numbers from Clarksons (compiled by eWorldShip). Out of all orders placed at yards around the world, nearly two-thirds went to Chinese shipbuilders, reflecting the country's powerful market position and the strength of its state backing. Last year, owners worldwide placed orders for about 2,500 ships. Out of these, more than 1,500 - over 60 percent - went to yards in China. Measured in tonnage, China's share...

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Nayara

SBI: India's Refiners Could Make Money By Switching to Venezuelan Oil

Published Feb 4, 2026 5:53 PM by The Maritime Executive

India's refiners might make out well by taking a deal with the United States to buy lots of Venezuelan oil, according to the State Bank of India. Indian refineries became major consumers of gray-market Russian crude oil after the invasion of Ukraine in 2022, drawn by deep discounts and the prospect of profitable crack spreads for overseas sales of the resulting products. (Controversially, a substantial share of the refined-product exports from these refineries ended up for sale in Europe, where...

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offshore wind farm

Massachusetts Looks to Nova Scotia to Supply Offshore Wind Energy

Published Feb 4, 2026 5:40 PM by The Maritime Executive

Faced with the need for more electrical power and a desire to expand renewable energy, Massachusetts is looking toward the import of renewable energy from neighboring Nova Scotia. The first-of-its-kind agreement would present a novel solution to meeting the needs while also addressing the opposition of the Trump administration to the development of offshore wind energy generation. Massachusetts is a strong supporter of the offshore wind energy industry, with some of the first large projects in the United States. It...

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Offshore

offshore wind farm

Massachusetts Looks to Nova Scotia to Supply Offshore Wind Energy

Faced with the need for more electrical power and a desire to expand renewable energy, Massachusetts is looking toward the import of renewable energy from neighboring Nova Scotia. The first-of-its-kind agreement would present a novel solution to meeting the needs while also addressing the opposition of the Trump administration to the development of offshore wind energy generation. Massachusetts is a strong supporter of the offshore wind energy industry, with some of the first large projects in the United States. It...

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Shipbuilding

HII

Photos: Future Carrier USS John F. Kennedy Completes Builder's Trials

The future USS John F. Kennedy, the second Ford-class carrier for the U.S. Navy, has completed builder's sea trials at Huntington Ingalls Newport News. It has been 17 years since the initial contract award for Kennedy, and more than 10 years since her keel-laying. The test run was the ship's first outing, and it is a milestone towards the high-tech carrier's long-awaited completion. Kennedy was affected by the same technological issues facing the first-in-class USS Gerald R. Ford, which faced...

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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

Nayara

SBI: India's Refiners Could Make Money By Switching to Venezuelan Oil

India's refiners might make out well by taking a deal with the United States to buy lots of Venezuelan oil, according to the State Bank of India. Indian refineries became major consumers of gray-market Russian crude oil after the invasion of Ukraine in 2022, drawn by deep discounts and the prospect of profitable crack spreads for overseas sales of the resulting products. (Controversially, a substantial share of the refined-product exports from these refineries ended up for sale in Europe, where...

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