Wednesday, February 25, 2026
Media Kit
Cuba

Four Killed in Firefight Between American Speedboat and Cuban Patrol Boat

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oil tanker

Greece’s Capital Group Plans Launch of Large, Pure-Play Tanker Company

Published Feb 25, 2026 4:49 PM by The Maritime Executive

After starting a large bet on the crude oil tanker segment, Greek shipping tycoon Evangelos Marinakis’ Capital Group is pursuing the launch of a publicly traded, pure-play tanker company that will rival the largest companies in the sector. Capital Tankers is expected to be listed on Euronext Growth Oslo by mid-March and reports it will explore uplisting to the main list of the Oslo Stock Exchange and a potential dual listing in the United States in due course. Capital Tankers,...

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ONE containerships

ONE Sets Management Transition with Founder CEO Jeremy Nixon Stepping Down

Published Feb 25, 2026 3:25 PM by The Maritime Executive

Ocean Network Express (ONE) announced what it is calling a “planned leadership transition,” which will see founding CEO Jeremy Nixon step down and be replaced by Till Ole Barrelet, along with that new management structure for the carrier. It is seen as the next step in the evolution of the carrier, which was formed a little less than a decade ago. Nixon, who had begun his career at P&O Nedlloyd and later at Maersk, spent a decade working through the...

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Four Seasons I cruise ship under construction

Fincantieri Delivers First Ultra-Luxury Yacht Cruise Ship for Four Seasons

Published Feb 25, 2026 1:49 PM by The Maritime Executive

The delivery of the ultra-luxury Four Seasons I was completed at Fincantieri’s Ancona shipyard on February 25. The first of two cruise ships on order for the storied hotel and lifestyle brand, it is also seen as a pivotal moment in the already surging luxury segment of cruising. The cruise ship is 35,040 gross tons with just 95 luxury suites and accommodations for 222 people. The ship measures 207 meters (679 feet) in length. The joint owner/operator Marc-Henry Cruise Holdings...

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Defiant

Salvors Successfully Refloat Wrecked Barge at San Juan's Harbor Entrance

Published Feb 25, 2026 12:30 PM by The Maritime Executive

Salvors from Donjon-SMIT have successfully refloated and removed the fuel barge that went aground at the entrance to San Juan's harbor earlier this month, the Coast Guard reported Wednesday. In the early hours of Wednesday morning, as the tide was coming in, salvors pumped out the barge's tanks and prepared to tow it away using a large tug, the Lobo Grande. Just before high tide, the Defiant came free and floated off. The Coast Guard and the salvage team evaluated...

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Offshore

offshore wind farm

DOJ Files Appeal on Court Blocking Trump’s Moratorium on Wind Energy

The U.S. Department of Justice’s Environment & Natural Resources Division filed notice with the district court in Massachusetts for an appeal on the court ruling blocking Donald Trump’s Executive Order from January 2025 establishing a moratorium on permitting, leasing, and other authorizations for wind energy projects. It is the latest step in the Trump administration's continuing battle against renewable wind energy. The filing came 45 days after District Judge Patti B. Saris had ruled in December 2025, calling the Executive...

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Shipbuilding

OSVs under construction at Swan Defense India

India’s Swan Defense Shipyard Revives Old Projects as it Develops Yard

Efforts continue to show progress at reviving India’s shipbuilding industry at the yard in Pipavav, formerly operated by the Reliance Group. Relaunched as Swan Defence and Heavy Industries Limited, the yard reports it has received a contract to finish five ships ordered in 2009 and sitting idle for nearly a decade due to the collapse of the operations. It is the second deal recently announced by SDHI to revive old projects. SDHI reports it completed a deal to sell the...

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Environment

Trawlers

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

A new meta-study published in Nature Ecology & Evolution suggests that ocean warming has an outsize impact on the total amount of fish in the water, enough to have major implications for global fisheries. The study, led by researchers at Spain's Museo Nacional de Ciencias Naturales, looked at hundreds of thousands of studies of fish populations in the Northern Hemisphere over a period of nearly 30 years, spanning 1993-2021. The vast data set covered more than 1,500 fish species and...

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Business

Chinese cruise ships

Chinese Cruise Ship Arrested After Line Suspends Service

China’s domestic cruise market continues to go through an evolution as it seeks to expand, but it also faces challenges tied to political issues and growing competition. It is experiencing similar challenges to those seen in the West decades ago, as cruising grew from a niche business into a large vacation industry. The cruise ship Blue Dream Melody was reportedly arrested earlier this month in a dispute with a fuel supplier. The court said a payment of nearly $600,000 was...

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