February 2026

Table of Contents

1. Inside Japan’s Long-Haul Ferry Fleet

   A cohesive Japanese approach, founded on enduring commercial ties between compatriot shipowners, builders and suppliers, continues to see construction focused on Japanese yards. By David Tinsley

   p. 32

2. Joseph “Joey” Farrell III @ the Helm

   With two years at the helm of the company his father founded and built, Joey Farrell III gives MR a glimpse inside the company and its cornerstone salvage business, with insights on its diversification into other maritime business lines. By Greg Trauthwein

   p. 42

3. Ports & Logistics: Energy Shipping

   The global tanker and LNG fleets navigate a market shaped as much by political risk and trade realignment as by traditional supply-and-demand fundamentals. By Barry Parker

   p. 36

4. Project in Focus: Gotland Horizon X

   Swedish ferry line operator Gotlands bolaget, Austal and Siemens energy are involded in the development of the Gotland Horizon X: a hydrogen-ready high-speed catamaran that aims to provide zero CO2 emissions.

   p. 26

5. Send in the Cobots

   A recent demo for the U.S. Navy showed that traditional welding methods can no longer keep pace with the demands of fleet sustainment. But a new ally is emerging in repair yards: the collaborative robot (cobot.) By Nirav Patel

   p. 46