Thursday, June 04, 2026
Media Kit
The bright green beacon of the Superior Entry Lighthouse (above) was stolen last month (Pete Markham / CC BY file image)

Coast Guard Offers Reward for Stolen Navigational Beacon

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LCO2 carbon capture and transport

Northern Lights Proceeds with Fleet Expansion with MISC and K Line

Published Jun 3, 2026 7:47 PM by The Maritime Executive

The first commercial cross-border carbon transport and storage program, Norway’s Northern Lights, is moving forward with its announced fleet expansion as it completed a second charter agreement with MISC Group and K Line (Kawasaki Kisen Kaisha). This follows the January 2026 announcement that the company would add four more vessels and the recent delivery of its newest ship to Bernhard Schulte Shipmanagement. Northern Lights was started in 2021 as a joint venture between Equinor, Shell, and TotalEnergies in support of...

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Arctic LNG 2

TotalEnergies Gets Kremlin Approval to Sell Stake in Arctic LNG 2

Published Jun 3, 2026 7:42 PM by The Maritime Executive

After seven years of involvement, TotalEnergies has received approval to exit the Arctic LNG 2 liquefaction terminal project in Russia's far north. The Novatek-led initiative has been under Western sanctions since the early days of the invasion of Ukraine, and has been exporting only a fraction of its designed volume. TotalEnergies bought a 10 percent share of Arctic LNG 2 during the early stages of development in 2019. In combination with the French energy major's 19 percent stake in Russian...

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FLNG to be built for Louisiana

FID Go-Ahead for First US Floating LNG Plant and World’s Largest FLNG

Published Jun 3, 2026 6:32 PM by The Maritime Executive

Delfin Midstream and its investor group have reached a financial investment decision to proceed with Delfin FLNG 1, which will become the first floating LNG project in the United States and the largest FLNG project globally. To be positioned off the coast of Louisiana, the project is expected to have an initial export capacity of 4.4 million tonnes of LNG per year. It is the first stage of a proposed project that would have a total capacity of 13.2 MTPA...

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Chinese cruise ship Piano Land

Plans for Spanish Cruise Line Delayed by Uncertain Market

Published Jun 3, 2026 5:20 PM by The Maritime Executive

Plans to launch a niche cruise line dedicated to the Spanish-speaking market have been delayed, with the new firm, called Corazul, reporting it has canceled its summer season in the Mediterranean due to launch in July. The new company says that it is continuing to move forward, but it will focus on a launch in the Brazilian market during the 2026-2027 season. Corazul announced in early 2026 its plans to relaunch a dedicated Spanish cruise operation. The market had been...

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Offshore

FLNG to be built for Louisiana

FID Go-Ahead for First US Floating LNG Plant and World’s Largest FLNG

Delfin Midstream and its investor group have reached a financial investment decision to proceed with Delfin FLNG 1, which will become the first floating LNG project in the United States and the largest FLNG project globally. To be positioned off the coast of Louisiana, the project is expected to have an initial export capacity of 4.4 million tonnes of LNG per year. It is the first stage of a proposed project that would have a total capacity of 13.2 MTPA...

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Shipbuilding

Russ Vought (second from left) and Ted Cruz (third from left) break ground at Gulf Copper (Gov. Greg Abbott)

Davie Defense Kicks Off $1 Billion Shipyard Revamp at Gulf Copper

On Monday, Texas Governor Greg Abbott joined executives from Davie Defense to inaugurate the shipbuilder's modernization drive at Gulf Copper's twin yards in Port Arthur and Galveston. Davie acquired the company and its assets last year in order to compete for government shipbuilding projects, and it is planning to use the new spaces for its contract to construct new Arctic Security Cutters for the U.S. Coast Guard. Other dignitaries present included White House budget chief Russ Vought, Sen. Ted Cruz,...

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Environment

LCO2 carbon capture and transport

Northern Lights Proceeds with Fleet Expansion with MISC and K Line

The first commercial cross-border carbon transport and storage program, Norway’s Northern Lights, is moving forward with its announced fleet expansion as it completed a second charter agreement with MISC Group and K Line (Kawasaki Kisen Kaisha). This follows the January 2026 announcement that the company would add four more vessels and the recent delivery of its newest ship to Bernhard Schulte Shipmanagement. Northern Lights was started in 2021 as a joint venture between Equinor, Shell, and TotalEnergies in support of...

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Business

File image courtesy Jos Hoogesteger / VesselFinder

Marinakis: "Better to Pay a Fee" for Hormuz Transits

Most shipowners are reticent to discuss the arrangements they might be willing to make with sanctioned regimes, but on Tuesday, prominent Greek tanker owner Evangelos Marinakis said what many are thinking quietly: for business purposes, it might be better just to pay for transit through the Strait of Hormuz and receive security assurances, all questions of geopolitics aside. "For me, it is better to pay a fee of $100,000 or $200,000, depending on the size of the cargo or the...

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