Thursday, April 16, 2026
Media Kit
Subsea

Why Network Engineers Are Worried About the Strait of Hormuz Crisis

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Helsinki Shipyard (above) sued to block the award to HHI (file image courtesy Helsinki Shipyard)

Court Approves Sweden's Icebreaker Contract Award to Korean Yard

Published Apr 15, 2026 8:35 PM by The Maritime Executive

Sweden’s Court of Appeal has dismissed an appeal challenging the ongoing procurement of a new state-owned icebreaker. In June last year, the Swedish Maritime Administration (SMA) awarded South Korea’s Hyundai Heavy Industries (HHI) a contract to build the country’s next icebreaker. In the tendering process, Finland’s Helsinki Shipyard came in second but decided to appeal the award decision, citing irregularities. The matter was initially filed in an administrative court, which upheld the award to HHI. Helsinki Shipyard appealed the decision...

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Luxury

The Case for Luxury

Published Apr 15, 2026 8:27 PM by Tony Munoz

The global cruise industry is having its moment as passenger counts rise and amazing new ships are delivered. There's something for everyone – short cruises, long cruises; budget cruises, luxury cruises; family cruises, adults-only cruises – and everything in between. Not to mention the destinations, which are endless. Founded in 1966 as Norwegian Caribbean Lines by Knut Kloster, Norwegian was a pioneer in the industry. It helped make the Caribbean the most popular destination in the world, and it's gone...

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Felicity Ace

Cefor: Machinery Damage and Fires Drive Increase in Claim Cost

Published Apr 15, 2026 8:27 PM by The Maritime Executive

Machinery damage and fires continue to dominate as the leading causes of elevated claim costs in the Nordic marine insurance market, according to the Nordic Association of Marine Insurers (Cefor). Cefor members underwrite Hull and Machinery for about 31% of the world fleet, including 3,538 vessels of more than 20,000 gross tons. 2025 is the third consecutive year to record an increase in claims above $10 million, according to the year’s report by published this week. Notably, total losses on...

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Vesselfinder

Two Sanctioned Tankers May Have Bypassed U.S. Navy Blockade on Iran

Published Apr 15, 2026 6:26 PM by The Maritime Executive

Despite U.S. Central Command's claims of a total lockdown of Iranian shipping, vessel tracking consultancies have identified Iran-linked, sanctioned tankers that appear to have transited the Strait of Hormuz without difficulty - with AIS enabled and publicly broadcasting their positions. AIS data can be manipulated, and the transits could not be immediately confirmed. Within the last 24 hours, two sanctioned "shadow fleet" VLCCs - identified as IMO 9208215 (current name Rhn) and IMO 9281695 (current name Alicia) - appear to...

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Offshore

Chinese offshore wind farm

China Commissions Wind Farm At Its Deepest Offshore Position

Chinese officials highlighted the commissioning of its newest offshore wind farm, which is also setting a record for the country’s deepest fixed-bottom wind turbines and is located far out to sea. They highlighted the complex geology and challenges of extreme sea conditions in developing and operating the 504 MW wind farm, the Huaneng Shandong Peninsula North L Site. The wind farm was developed by the state-owned China Huaneng Group and will be managed and operated by the Yantai Power Plant....

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Shipbuilding

Princess cruise ship under construction Fincantieri

Fincantieri Gets Order Valued at Over $2.3B for Three Princess Cruise Ships

Italian shipbuilder Fincantieri and Carnival Corporation’s Princess Cruises confirmed an order for three new large cruise ships valued at over $2.3 billion (€2 billion), extending the record cruise ship orderbook. The orders are in keeping with Carnival Corporation’s declared strategy of strategically pacing its new ship orders for metered growth in its brands. The cruise line is calling the new ships the largest and most advanced platform for its brand. At an estimated 183,000 gross tons and with a passenger...

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Environment

Carbon carrier vessels for CCS storage

Buildout Continues of Emerging Category of CO2 Carriers for CCS

A new segment of shipping, purpose-built CO2 carriers designed to support the emerging efforts at carbon capture and storage (CCS), continues to grow. The first of the commercial operations is beginning, and the sector is driving the development of the ships. Northern Lights, a partnership between Equinor, Shell, and TotalEnergies was the first to enter the segment, starting commercial operations in 2025. It was designed with an initial capacity of 1.5 million tonnes per year and has already announced plans...

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Business

Felicity Ace

Cefor: Machinery Damage and Fires Drive Increase in Claim Cost

Machinery damage and fires continue to dominate as the leading causes of elevated claim costs in the Nordic marine insurance market, according to the Nordic Association of Marine Insurers (Cefor). Cefor members underwrite Hull and Machinery for about 31% of the world fleet, including 3,538 vessels of more than 20,000 gross tons. 2025 is the third consecutive year to record an increase in claims above $10 million, according to the year’s report by published this week. Notably, total losses on...

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