Latest Maritime News

Stay informed with real-time maritime industry updates

Splash247
fleet February 3, 2026

Costamare Bulkers Sells Oldest Ship Amid Market Surge

Costamare Bulkers, a company listed in New York and operating from Monaco, is accelerating its sale of older ships to capitalize on the market before the Chinese New Year, as reported by Splash247. The Gregory Zikos-led firm has been actively engaging in the secondhand market for two consecutive weeks.

gCaptain
operations February 2, 2026

Japan Boosts Deep-Sea Mining to Cut China Dependence

Japan is expediting its deep-sea rare earth mining efforts to lessen its reliance on China, as reported by gCaptain. The state vessel Chikyu has returned after installing seabed equipment near Minamitori Island in preparation for a testing phase set for 2027.

Chikyu (state vessel)
gCaptain
accidents February 2, 2026

Search Concludes for Devon Bay Crew After Sinking Incident

The search for the crew of the bulk carrier Devon Bay has ended, as confirmed by vessel operator K Line Pte Ltd, marking the conclusion of a multinational rescue effort. The incident underscores the persistent dangers associated with transporting nickel ore, as reported by gCaptain.

Devon Bay (bulk)
gCaptain
accidents February 2, 2026

MSC Baltic III Hull Damage Worsens Amid Winter Storms

The container ship MSC Baltic III, grounded on Newfoundland's west coast for nearly a year, is experiencing worsening hull damage due to harsh North Atlantic winter conditions, as reported by gCaptain. Recent inspections have confirmed the deterioration, complicating salvage efforts.

MSC Baltic III (container)
gCaptain
accidents February 2, 2026

Coast Guard Investigates Fatal Sinking of F/V Lily Jean

The U.S. Coast Guard has initiated a formal investigation into the sinking of the commercial fishing vessel Lily Jean, resulting in the tragic loss of seven lives, as reported by gCaptain. The incident occurred approximately 25 miles off the coast of Massachusetts.

Lily Jean (fishing)
gCaptain
security February 2, 2026

Malaysia Seizes $130 Million Crude Cargo in Illegal Transfer Crackdown

Malaysian authorities have detained two crude oil tankers and seized crude oil worth approximately USD 129.9 million following a suspected unauthorized ship-to-ship transfer operation, as reported by gCaptain. The operation took place off the coast of Malaysia, highlighting the country's ongoing efforts to combat illegal maritime activities.

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