Friday, June 26, 2026
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rock installation vessel Arcadia

First U.S.-Built Rock Installation Vessel Delivered into a Changed Market

Published Jun 25, 2026 7:12 PM by The Maritime Executive

A first-of-its-kind vessel, a rock installation vessel designed originally to focus on the emerging U.S. offshore wind energy industry, was delivered today, June 25, to Great Lakes Dredge & Dock Company by the Hanwha Philly Shipyard. The vessel, however, faces a different market, which has caused its owners to pivot to a new strategy. Ordered in November 2021, it was hailed for the opportunities as the first Jones-Act compliant vessel of its kind. Great Lakes Dredge & Dock ordered the...

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Boracay tanker

How Russia Benefited From Iran’s Chokepoint Weapon

Published Jun 25, 2026 6:20 PM by CIMSEC

[By Rustam Taghizade] When the Trump administration granted India a 30-day waiver on March 5 to purchase Russian oil, the formal justification was straightforward: stabilize global energy markets after Iran effectively closed the Strait of Hormuz. Yet beneath the surface, a deeper story unfolded. The waiver revealed a tension between two pillars of contemporary U.S. strategy—the use of maritime power to secure global chokepoints and the use of economic sanctions to punish adversaries. In the spring of 2026, those two...

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ICS

Day of the Seafarer: Labor Rights and Safety at Sea

Published Jun 25, 2026 6:04 PM by Chad Fuhrmann

Every year, the maritime industry takes a pause to celebrate the essential work of 2.5 million seafarers, without whom world trade would not be possible. Men and women from every nation keep the 74,000 vessels of the merchant fleet moving, enabling the movement of 90 percent of all traded goods. Without their behind-the-scenes efforts, the smooth-running supply chains for food, energy, industrial supplies and consumer products would grind to a halt. It takes them away from home for up to...

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containership sinking

Number of Containers Lost Overboard Rises for a Second Year, Reports WSC

Published Jun 25, 2026 5:27 PM by The Maritime Executive

One casualty and a few incidents pushed the number of containers lost at sea up for the second year in a row, reaching possibly the fourth-highest level in the 18 years that the World Shipping Council has been tracking losses. The level of losses, however, appears in line with the long-term average, with the industry trade group further highlighting that it is an infinitesimal portion of the number of containers transported each year. In its annual Containers Lost at Sea...

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Offshore

offshore floating wind farm

California to Sue Trump Administration for Canceled Offshore Wind Lease

California Attorney General Rob Bonta and the California Energy Commission filed a notice of intent on Tuesday, June 23, to challenge the Trump administration’s deal to cancel a California offshore wind lease in exchange for investments in fossil fuel energy projects. The state contends the effort puts at risk its energy policy and more than $100 million in investments in an unlawful agreement that violates the Outer Continental Shelf Lands Act. The Trump administration’s latest step to end offshore wind...

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Shipbuilding

rock installation vessel Arcadia

First U.S.-Built Rock Installation Vessel Delivered into a Changed Market

A first-of-its-kind vessel, a rock installation vessel designed originally to focus on the emerging U.S. offshore wind energy industry, was delivered today, June 25, to Great Lakes Dredge & Dock Company by the Hanwha Philly Shipyard. The vessel, however, faces a different market, which has caused its owners to pivot to a new strategy. Ordered in November 2021, it was hailed for the opportunities as the first Jones-Act compliant vessel of its kind. Great Lakes Dredge & Dock ordered the...

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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...

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Business

ICS

Day of the Seafarer: Labor Rights and Safety at Sea

Every year, the maritime industry takes a pause to celebrate the essential work of 2.5 million seafarers, without whom world trade would not be possible. Men and women from every nation keep the 74,000 vessels of the merchant fleet moving, enabling the movement of 90 percent of all traded goods. Without their behind-the-scenes efforts, the smooth-running supply chains for food, energy, industrial supplies and consumer products would grind to a halt. It takes them away from home for up to...

Continue Reading...