Thursday, June 18, 2026
Media Kit
  Landing Ship Dock RFA Lyme Bay

European Strait of Hormuz Force Inches Forward

MORE TOP STORIES
ADNOC

UAE Wants to End its Reliance on Shipping Through Strait of Hormuz

Published Jun 17, 2026 6:50 PM by The Maritime Executive

The United Arab Emirates exports about three million barrels of crude oil every day, and has been diverting as much as possible through a pipeline system to the port of Fujairah in order to keep shipments going throughout the Hormuz crisis. While it successfully shifted about two million bpd of its production onto this alternate route, it would like to do much more: having withdrawn from OPEC, it is on track to hit 5.2 million bpd of production by 2028,...

Continue Reading...
chemical tanker

Eastern Pacific Shipping Announces Strategic Exit from Chemical Tankers

Published Jun 17, 2026 6:07 PM by The Maritime Executive

In a surprise development, Singapore-based Eastern Pacific Shipping announced its immediate exit from the chemical tanker segment. It follows the trend for consolidation in the segment after several other large transactions, while the company says it will permit it to focus on growth in its core businesses. The company owned by well-known shipping magnate Idan Ofer reports that it expects this week to complete the sale of its fleet of 14 vessels, including three newbuilds. The vessels range in size...

Continue Reading...
hydrogen-powered short-sea dry bulk carrier concept

Norway Accelerates Hydrogen-Power Bulker Project for Shortsea Shipping

Published Jun 17, 2026 5:35 PM by The Maritime Executive

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...

Continue Reading...
Corpus Christi, Texas

DP World Targets U.S. Container Market Through Deal with Corpus Christi

Published Jun 17, 2026 5:15 PM by The Maritime Executive

Global ports operator and logistics giant DP World is pursuing a deal to enter the lucrative U.S. container and ports business after an absence of 20 years. The company reports it is in exclusive negotiations to develop and operate a container terminal at the Port of Corpus Christi in Texas. The deal would be significant for Corpus Christi, which today functions as a gateway for energy, agriculture, and industrial exports. It completed an expansion project of its ship channel in...

Continue Reading...
FEATURED STORIES
PODCASTS
MORE STORIES BY CATEGORY

Offshore

offshore wind farm

Trump Administration to Buy Back Four More Offshore Wind Leases

Continuing its strategy of canceling offshore wind projects by buying back the leases in exchange for other energy investments, the Department of the Interior announced its third agreement. The administration has committed nearly $2.6 billion to canceling offshore wind leases even as the strategy is being challenged in court and by regulators. Invenergy will voluntarily terminate four offshore wind leases it purchased in the past from the government and will redirect the investments toward other domestic energy sources, said the...

Continue Reading...

Shipbuilding

bulker to containership conversion

China Completes Largest Bulker-to-Container Vessel Conversion Project

The China Classification Society reports that a complex six-month conversion project was successfully completed, marking the largest conversion of a bulker into a containership. They are asserting that it was the first major conversion project involving an 80,000 dwt Kamsarmax dry bulk carrier into a cellular containership. The project began with the 2012-built bulker Chang Xin 66. The ship was a standard Kuangchi Delta bulker based on a design from Finland’s Deltamarin. The design concept for the class maximized cargo...

Continue Reading...

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...

Continue Reading...

Business

An ocean alkalinity enhancement unit gets installed at a desalination plant in Spain (Courtesy Pronoe)

Big Tech is Putting Big Money Behind Marine Carbon Removal

Anthropic, Google, Stripe, Salesforce and other tech firms have announced a new $915 million investment in a large-scale carbon-capture venture, which includes multiple projects linked to marine carbon removal. The idea of altering the ocean's chemistry to absorb more carbon dioxide from the atmosphere has historically attracted controversy, and is legally restricted by the London Convention and the UN Convention on Biological Diversity, but it is an area of active R&D. The venture, Frontier Climate, operates as a joint investment...

Continue Reading...