Friday, May 15, 2026
MORE TOP STORIES
shipyard

Global Maritime Firms Prioritize Expansion in West Africa

Published May 15, 2026 4:50 PM by The Maritime Executive

Rerouting of global trade around the Cape of Good Hope has presented growth opportunities for some regions in Africa. Particularly, West Africa has greatly benefited from the diversion of the shipping traffic, with major maritime companies expanding their presence in the region. The longer voyage around the Cape of Good Hope has spiked demand for bunker fuels at emerging supply points in Africa. In addition, demand for ship repair services is also rising, an opportunity that West African countries appear...

Continue Reading...
offshore wind farm

UK Approves Three Offshore Wind Farms as it Looks to Next Allocation Round

Published May 15, 2026 4:37 PM by The Maritime Executive

The UK continues to push forward with its focus on renewable energy, with the Energy Secretary Ed Miliband announcing the approval of three projects, two of which have already completed electricity contracts and are likely to move forward quickly. It comes as the Crown Estate released a new report saying the UK has reached 19 percent of its energy generation coming from offshore wind energy and a total of 30 percent coming from a combination of onshore and offshore wind...

Continue Reading...
Port of Fujairah, UAE

UAE Instructs ADNOC to Accelerate Pipeline Construction to Bypass Hormuz

Published May 15, 2026 2:57 PM by The Maritime Executive

ADNOC, the Abu Dhabi state-owned energy company, reports it is working to accelerate development of a new oil pipeline that will double its export capacity and critically bypass the Strait of Hormuz. The UAE, which has been among the most targeted of Iran’s neighbors, looks to increase its independence and expand its oil exports while becoming less dependent on the Strait of Hormuz. The company reports it conducted an Executive Committee meeting on Friday, May 15, during which the chairman...

Continue Reading...
OSV and oil rig

Norway Approves Emissions Reduction Requirements for Offshore Vessels

Published May 15, 2026 11:04 AM by The Maritime Executive

Norway has introduced a new set of requirements mandating offshore vessels to reduce their greenhouse gas emissions from 2029. The rules target operators of offshore vessels operating on the Norwegian continental shelf. The Norwegian government has been developing these requirements since 2021, as part of the country’s climate agreement with the EU. Norway is part of the EU’s Effort Sharing Regulation, committing to a set of emissions reduction targets over a period of years through to 2050. Norway has said...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

offshore wind farm

UK Approves Three Offshore Wind Farms as it Looks to Next Allocation Round

The UK continues to push forward with its focus on renewable energy, with the Energy Secretary Ed Miliband announcing the approval of three projects, two of which have already completed electricity contracts and are likely to move forward quickly. It comes as the Crown Estate released a new report saying the UK has reached 19 percent of its energy generation coming from offshore wind energy and a total of 30 percent coming from a combination of onshore and offshore wind...

Continue Reading...

Shipbuilding

sails on LNG carrier

First Installation of Solid Wind Sails on an LNG Carrier

Pictures recently appeared showing the first-ever installation of solid wind sails on an LNG carrier. Hanwha Ocean highlighted the vessel, which is nearing construction at its shipyard in South Korea, as part of a project for Japanese shipping company Mitsui O.S.K. Lines. MOL, working with Japanese shipbuilder Oshima Shipbuilding Company, commercialized the designs for a telescopic sail made of fiber-reinforced plastic and installed the first one on a coal carrier, which entered service in October 2022. It has continued to...

Continue Reading...

Environment

OSV and oil rig

Norway Approves Emissions Reduction Requirements for Offshore Vessels

Norway has introduced a new set of requirements mandating offshore vessels to reduce their greenhouse gas emissions from 2029. The rules target operators of offshore vessels operating on the Norwegian continental shelf. The Norwegian government has been developing these requirements since 2021, as part of the country’s climate agreement with the EU. Norway is part of the EU’s Effort Sharing Regulation, committing to a set of emissions reduction targets over a period of years through to 2050. Norway has said...

Continue Reading...

Business

shipyard

Global Maritime Firms Prioritize Expansion in West Africa

Rerouting of global trade around the Cape of Good Hope has presented growth opportunities for some regions in Africa. Particularly, West Africa has greatly benefited from the diversion of the shipping traffic, with major maritime companies expanding their presence in the region. The longer voyage around the Cape of Good Hope has spiked demand for bunker fuels at emerging supply points in Africa. In addition, demand for ship repair services is also rising, an opportunity that West African countries appear...

Continue Reading...