Wednesday, October 7, 2026
Media Kit
UKMTO

Tanker Hit Multiple Times in Arabian Gulf, Casualties Reported

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Chinese Navy hovercraft

Chinese Navy Practice Shipborne Hovercraft Deployment

Published Oct 7, 2026 12:04 PM by The Maritime Executive

China’s People’s Liberation Army (Navy) (PLAN) released pictures of the Type-071 amphibious dock landing ship Yimengshan (Hull 988) launching a Type-726 landing hovercraft while at sea. The Type-726 Wild Horse Class landing hovercraft has been in service with the PLAN since 2007, with probably more than 40 now in service. The 150-ton hovercraft can move either a single Type 96 or Type 99 main battle tank or, as can be seen in the photos of the exercise published by the...

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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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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

Port of Hamburg

Germany Blocks COSCO’s Acquisition of Domestic Freight Company

Germany’s federal government made official the decision to block the acquisition of a domestic freight forwarder and logistics company by the Chinese state-controlled COSCO Group. Political opposition had been mounting against the deal, with reports saying it demonstrates an emerging hardline against Chinese investments in Germany and Europe. COSCO had announced in January 2026 plans to acquire an 80 percent stake in the German freight company Konrad Zippel. A domestic freight and logistics company that dates back to 1876, reports...

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