Wednesday, February 25, 2026
Media Kit
U.S. Navy officials tour HD Hyundai's yard in Ulsan. Korean reports indicate that the firm is looking to phase out guest worker labor (USN file image)

In South Korea, a New Push to Phase Out Foreign Workers in Shipyards

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A test launch of the YJ-12 supersonic antiship missile (PLA Navy)

Report: Iran Nears Deal to Buy Supersonic Antiship Missiles From China

Published Feb 24, 2026 10:52 PM by The Maritime Executive

Iran may be closing on a deal to buy supersonic antiship missiles from China, which would complicate planning for the U.S. Navy in waters of the Persian Gulf, Strait of Hormuz and Gulf of Oman. According to Reuters, the Iranian government is close to a purchase of the Chinese CM-302 missile system, based on China's YJ-12. While not the most modern type in the swiftly-evolving Chinese inventory, it is considered a capable antiship cruise missile. The CM-302 is the export...

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B-2

Iran Motivates Trump's Opposition to Transfer of Diego Garcia

Published Feb 24, 2026 9:31 PM by The Maritime Executive

In a further twist to the Diego Garcia saga, Trump has issued a clear and unambiguous statement on the United States’ attitude towards the proposed Mauritius-United Kingdom sovereignty transfer deal over the British Indian Ocean Territories (BIOT), and the US Naval Support Facility on Diego Garcia in particular. In a recent post, President Trump says it would be a surrender to Chinese interests to transfer BIOT to Mauritius, which would not be able to fend off Chinese pressure to compromise...

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Mitsubishi Shipbuilding

China Blocks Exports to 20 Japanese Companies and Puts 20 on Concerns List

Published Feb 24, 2026 8:22 PM by The Maritime Executive

In the latest sign of rising tensions between China and Japan, China’s Ministry of Commerce announced export bans on 20 leading Japanese companies and placed an additional 20 companies on a “List of Concerns.” Japanese officials quickly responded, demanding a lifting of the restrictions, which it called “intolerable,” as it lodged a “strong protest” with Beijing. Tensions have been rising as China continues to expand its territorial claims, with spats between the two sides over uninhabited islands used as fishing...

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Druzhba

Ukraine Damages Pipeline That Feeds Russia's Black Sea Ports

Published Feb 24, 2026 8:08 PM by The Maritime Executive

Ukraine has taken its attacks on Russian oil export infrastructure further upstream, hitting a major pipeline pumping station belonging to the Russian midstream giant Transneft. The company handles about 80 percent of Russian oil exports, and its pipeline network is essential for moving crude from far-flung oilfields to seaports for loading. On Monday morning, Russian officials confirmed a Ukrainian attack on the pumping station at Almetyevsk, Russia, about 700 miles from the Ukrainian front lines. According to Ukraine's military, more...

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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

Ship

Navigating the Deadlock: Accelleron’s Daniel Bischofberger on Green Fuels

Accelleron, a leading provider of turbocharging, fuel injection, and digital solutions for marine engines and ships, recently released a study on the multifaceted, multi-industry challenges slowing shipping's transition to carbon-neutral fuels. TME recently spoke with CEO Daniel Bischofberger about the current state of marine decarbonization, regional developments in Asia-Pacific, and the path forward for the industry. Can you describe the current state of shipping's transition to carbon-neutral fuels? The ships are ready, but the fuel is not. The technology exists...

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Business

ONE containerships

ONE Sets Management Transition with Founder CEO Jeremy Nixon Stepping Down

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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