Friday, April 10, 2026
Media Kit
tanker at sea

Opening Hormuz to Be Key Issue of Negotiations as Transits Remain Low

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Fires at Abqaiq

After Ceasefire, Iranian Attacks Cut Saudi Oil Production

Published Apr 9, 2026 8:35 PM by The Maritime Executive

Official Saudi sources have confirmed that recent Iranian attacks caused extensive damage to oil and gas facilities, killing at least one person and leading to a substantial cut in production capacity. Argus Media reports that all of the strikes occurred within the past 48 hours. The official Saudi Press Agency detailed out the effects of the drone strikes in an extensive list released Thursday. The most serious issue is yesterday's attack on a pumping station for the East-West Pipeline, which...

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tanker shipbuilding

Shipbuilding Orderbook Hits 17-Year High Driven by Tankers Reports BIMCO

Published Apr 9, 2026 7:56 PM by The Maritime Executive

The boom in shipbuilding orders is continuing, reaching a 17-year high, reports industry group BIMCO. While it sees a slowing in some sectors, it points to a recent surge in crude oil tanker orders coming after the container segment was already driven to new highs. During the first quarter of 2026, newbuilding contracting has risen 40 percent year-over-year to 17.6 million Compensated Gross Tonnes (CGT). In total, it calculates the global shipping orderbook reached 191 million Compensated Gross Tonnes (CGT)....

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massive Guaibamax ore carrier

Mining Giant Vale Orders World's First Ethanol-Powered Giant Bulkers

Published Apr 9, 2026 7:29 PM by The Maritime Executive

Vale reports it has entered into an agreement with China’s Shandong Shipping Corporation to build the first large ocean-going vessels that will use ethanol as their primary fuel. It is an adaptation of its current design for the massive Guaibamax vessels (325,000 dwt) and follows news from earlier this year that reported Vale and Everllence were working on ethanol as a marine fuel for its engines. According to Vale, the agreement with Shandong includes 25-year contracts for the construction of...

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ammonia dual-fuel gas carriers

Exmar’s Pioneering Ammonia Dual-Fuel Gas Carriers Named at Hyundai Shipyard

Published Apr 9, 2026 6:47 PM by The Maritime Executive

Two innovative vessels, which are being billed as the world’s first mid-size gas carriers with ammonia dual-fuel engines, were named as they are nearing completion. The vessels, which were ordered in 2023 and 2024 by Exmar, a specialist in gas shipping, are being built at the Ulsan, South Korea, shipyard of HD Hyundai Heavy Industries and are viewed as the cutting edge for a new era in shipping. The ships, which are each 46,000 cubic meter gas carriers, were named...

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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

Robotics

HII Brings In Robotics for Shipyard Grinding, Blasting and Painting

Most of the high-profile robotics initiatives in shipbuilding focus on welding or cutting, but there's much more that has to happen to get a ship into the water. Huntington Ingalls Industries (HII) wants to automate another few steps in the construction cycle - blasting, coating and inspection - and has enlisted the help of physical AI company GrayMatter Robotics (GMR) to move the work forward. HII builds nearly all of the U.S. Navy's full-size surface combatants - the destroyers, amphibs...

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Environment

massive Guaibamax ore carrier

Mining Giant Vale Orders World's First Ethanol-Powered Giant Bulkers

Vale reports it has entered into an agreement with China’s Shandong Shipping Corporation to build the first large ocean-going vessels that will use ethanol as their primary fuel. It is an adaptation of its current design for the massive Guaibamax vessels (325,000 dwt) and follows news from earlier this year that reported Vale and Everllence were working on ethanol as a marine fuel for its engines. According to Vale, the agreement with Shandong includes 25-year contracts for the construction of...

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Business

Dali containership bridge Baltimore

Maryland Reaches Settlement in Principle with Owner/Operator of Dali

The State of Maryland announced that it has reached a settlement in principle with the owners and operators of the containership Dali for the 2024 destruction of the Francis Scott Key Bridge. Details of the settlement were not announced, with the state saying terms were being finalized but that it resolves a significant portion of its claims, specifically against Grace Ocean and Synergy Marine. Maryland had filed in U.S. District Court alleging that the disaster was the result of “negligence,...

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