Iran Exploits Containership Grounding to Assert Hormuz Control

OSHA Fines Terminal Operator $82,000 for Million-Gallon Acid Spill

Published Jun 30, 2026 7:22 PM by The Maritime Executive

The U.S. Department of Labor has issued a combined $3.5 million in fines to the companies responsible for a sulfuric acid spill on the Houston Ship Channel last year. The spill occurred at the BWC Jacinto site in Channelview, one of 22 facilities that privately-held BWC Terminals operates around the U.S. The agency alleged that an unsafe chemical mixture caused the spill, some of which entered the shipping channel. "OSHA found that despite safety warnings, BWC Terminals mixed fresh and...

Bureau Veritas to Sell its Fuel Testing/Inspection Unit to Focus on Growth

Published Jun 30, 2026 6:15 PM by The Maritime Executive

Bureau Veritas confirmed it is in exclusive negotiations with a European mid-market specialized investor, Triton Partners, for the sale of its oil & petrochemicals and coal testing and inspection business, BVF. The company said it is the latest in a series of portfolio rotation strategies designed to increase BV’s exposure to higher growth and margin businesses. BVF operates a global network of 320 sites across 45 countries and, in 2025, generated approximately €450 million in revenue. However, BV reports the...

The Insurance Chokepoint: War-Risk Pricing as an Instrument of Coercion

Published Jun 30, 2026 5:53 PM by CIMSEC

[By Bruce Randolph Tizes] Most analysis of the U.S.-Iran maritime war will focus on carrier strike group positioning, IRGC small-boat tactics, Marine Corps Stand-in Forces, and the operational lessons of contested chokepoints. Those analyses are necessary. They also miss a dimension Iran has built as deliberately as its mine and drone programs, one that will outlast any ceasefire: the commercial and insurance layer through which maritime trade is priced and governed. Iran is contesting the Strait kinetically. It is also...

China floating wind platform and 16 MW turbine

China Deploys First 16MW Floating Offshore Wind Tension-Leg Platform

Published Jun 30, 2026 5:38 PM by The Maritime Executive

China continues its developments, placing it at the forefront of the offshore wind energy sector. In the latest development, officials reported deploying the largest tension-leg floating offshore wind platform designed to hold a 16 MW turbine. The platform was assembled at the Gaolan Port in Zhuhai, south China, and departed on June 28 for its deployment in the South China Sea. The structure stands more than 307 meters (1,007 feet) and weighs almost 8,000 tonnes. It is the largest of...

Shipping

Iran Exploits Containership Grounding to Assert Hormuz Control

Iranian state media released a video and is reporting that a containership went aground because it was operating outside its designated shipping lane in the Strait of Hormuz. The IRGC, however, appears to be exploiting an incident involving a shadowy vessel that was operating on an Iranian coastal route. The state media report only identified the vessel as “foreign” and said it had gone aground on July 1. It asserted the ship was “bypassing” the Strait of Hormuz outside the...

Tugs & Salvage

OSHA Fines Terminal Operator $82,000 for Million-Gallon Acid Spill

Government

Sir Richard Knighton, the Chief of the UK Defence Staff

Op-Ed: UK Defence Investment Plan Delivers More But Not Enough

Not wishing to depress those of our readers who agree that the price of peace is the cost of preparing for war, your correspondent has listened to the UK Government announcement on how it is going to fund its future defense strategy so that you don’t have to. There was some good news announced. But after a two-year delay, caused largely because the government could not achieve consensus on what should be cut to fund it, a financial plan has...

Corporate News

Riviera Travel Welcomes Newest Five-Star River Cruise Ship

[By Riviera] Riviera Travel, a leader in ultra-premium river cruising, ocean yachts, and global land travel for more than 40 years, today unveiled a first look at its newest five-star river cruise ship, Riviera Resplendence. On Saturday, July 4, the ship will depart from Cologne on its maiden voyage, embarking on its inaugural Rhine Cruise to Switzerland itinerary welcoming guests onboard for the first time. "Riviera Resplendence represents another significant milestone for Riviera Travel as we continue to grow our...

Cruise Ships

Four Seasons Plans Changes for Its Second Yacht Cruise Ship

Four Seasons Yachts entered service in March, and as the company moves forward with its expansion, it has announced changes that will be incorporated into its second yacht. The launch of the ultra-luxury hotel brands, Four Seasons, Ritz-Carlton, Orient Express, and soon Aman, is being closely followed by the industry as it holds the potential to reshape the ultra-luxury segment of cruising. Four Seasons I (35,000 gross tons) entered service on March 20 in the Mediterranean with the company promising...

Ports

Hugh K. Leatherman Port Terminal Charleston South Carolina

Charleston Pauses Operations at New Terminal Citing Low Volume, High Costs

South Carolina Ports, in a surprise announcement, reported it will suspend operations at its new terminal in Charleston, citing low volumes and high costs for the terminal. Celebrated in 2021 as the first new, large terminal opened in the United States in more than a decade, it is the latest blow to the operation, which has struggled to gain a footing. The state authority reports it will be winding down the operations over the next few weeks, with the temporary...

Shipping

Iran Exploits Containership Grounding to Assert Hormuz Control

Tugs & Salvage

OSHA Fines Terminal Operator $82,000 for Million-Gallon Acid Spill

Government

Op-Ed: UK Defence Investment Plan Delivers More But Not Enough

Corporate News

Riviera Travel Welcomes Newest Five-Star River Cruise Ship

Cruise Ships

Four Seasons Plans Changes for Its Second Yacht Cruise Ship

Ports

Charleston Pauses Operations at New Terminal Citing Low Volume, High Costs

Offshore

China Deploys First 16MW Floating Offshore Wind Tension-Leg Platform

Shipbuilding

Gunsan Shipyard to Restart Shipbuilding After Nine Years

Plans to fully relaunch the long-dormant Gunsan Shipyard in South Korea got a boost as the company signed a letter of intent to build its first ships in nine years. The contract was announced concurrently with the closing of the acquisition of the yard by an investment group from HD Hyundai. The yard had fallen victim to a downturn in the shipbuilding industry nearly a decade ago and never achieved its full potential as an expansion for Hyundai’s shipbuilding operations....

Environment

hydrogen-powered short-sea dry bulk carrier concept

Norway Accelerates Hydrogen-Power Bulker Project for Shortsea Shipping

Norway’s LH2 Shipping reports it is accelerating the development of hydrogen-powered shortsea shipping bulkers for the Baltic with an additional grant from the Norwegian government program to accelerate the green energy transition. The company will add a fifth and sixth bulker to its plan, saying that increased support reflects the growing momentum for liquid hydrogen as a viable alternative fuel for shortsea shipping. The company was awarded an additional grant of approximately $35.82 million from Enova, which it says will...

Business

Rocket Lab to Buy Iridium for $8 Billion

Iridium, the high-uptime LEO satcom operator, will soon be acquired by launch services company Rocket Lab, the two firms announced Monday. The $8 billion deal will create a vertically integrated rocket-plus-satcom company, comparable in structure to the core businesses of SpaceX/Starlink. Rocket Lab plans to pay each Iridium shareholder $27 per share in cash, plus new shares of Rocket Lab to bring the total near to about $54 per share. The deal should close in mid-2027, once shareholder approvals are...

Maritime Industry Conferences and Events

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Iran Exploits Containership Grounding to Assert Hormuz Control

OSHA Fines Terminal Operator $82,000 for Million-Gallon Acid Spill

Bureau Veritas to Sell its Fuel Testing/Inspection Unit to Focus on Growth

The Insurance Chokepoint: War-Risk Pricing as an Instrument of Coercion

China Deploys First 16MW Floating Offshore Wind Tension-Leg Platform

Iran Exploits Containership Grounding to Assert Hormuz Control

OSHA Fines Terminal Operator $82,000 for Million-Gallon Acid Spill

Op-Ed: UK Defence Investment Plan Delivers More But Not Enough

Riviera Travel Welcomes Newest Five-Star River Cruise Ship

Four Seasons Plans Changes for Its Second Yacht Cruise Ship

Charleston Pauses Operations at New Terminal Citing Low Volume, High Costs

New Digital Platform Connects Shipowners Directly With Seafarers

The Hidden Clause Contradictions Driving Demurrage Claims

Six Estonian Maritime Companies Solving Retrofit and Port Challenges

Iran Exploits Containership Grounding to Assert Hormuz Control

OSHA Fines Terminal Operator $82,000 for Million-Gallon Acid Spill

Op-Ed: UK Defence Investment Plan Delivers More But Not Enough

Riviera Travel Welcomes Newest Five-Star River Cruise Ship

Four Seasons Plans Changes for Its Second Yacht Cruise Ship

Charleston Pauses Operations at New Terminal Citing Low Volume, High Costs

China Deploys First 16MW Floating Offshore Wind Tension-Leg Platform

Gunsan Shipyard to Restart Shipbuilding After Nine Years

Norway Accelerates Hydrogen-Power Bulker Project for Shortsea Shipping

Rocket Lab to Buy Iridium for $8 Billion

Maritime Industry Conferences and Events

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Maritime Industry Conferences and Events