Wednesday, June 17, 2026
Media Kit
An Aframax (red) loading at the Kooh Mobarak SPM on June 15-16, with Vernon (green) still anchored to the south (Sentinel-2/CJRC).

Traffic Slowly Picking up in the Strait of Hormuz

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OCCS

Ship-Ready: Onboard Carbon Capture Has Arrived

Published Jun 17, 2026 5:03 PM by Sean M. Holt

It's a work in progress. IMO has approved a work plan to build an OCCS regulatory framework, and the E.U. is leaving the door open to future recognition. But as DNV and Carbon Ridge both make clear, the bigger constraints are port-side infrastructure, access to storage, carbon accounting and the economics of getting captured CO2 off the ship and into a verified value chain. The regulation is moving, but it's not finished. At MEPC 83 in April 2025, the IMO...

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Carrier USS Abraham Lincoln during blockade operations in the Arabian Sea, June 2026 (USN)

What's in the U.S.-Iran Deal? The Full Text is Out Now

Published Jun 17, 2026 5:03 PM by The Maritime Executive

Multiple U.S. outlets (including Semafor, Bloomberg, Axios and others) have released the text of the U.S.-Iran deal, which a U.S. official read aloud to reporters early Wednesday. Iranian outlet Tasnim has also released its own version, which contains isolated, minor differences in phrasing. The agreement has been welcomed in Tehran, but has quickly proven controversial in the U.S. and Israel; the details of its precise contents bring new clarity to the debate over its value for American interests. The text...

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crewmember

Crews of Dali and MSC Elsa 3 Ask Courts for Release

Published Jun 17, 2026 4:20 PM by The Maritime Executive

Petitions being heard by courts in India and Baltimore are considering the same issue of how long crewmembers can be detained when they were material witnesses to casualties. Crew from both the MSC Elsa 3, which sank off India in May 2025, and the crew from the containership Dali, which destroyed the Francis Scott Key Bridge in Baltimore in March 2024, have been detained as witnesses, with lawyers arguing the men are “marooned” and being held illegally. It is common...

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offshore wind farm

Trump Administration to Buyback Four More Offshore Wind Leases

Published Jun 17, 2026 3:22 PM by The Maritime Executive

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...

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Offshore

offshore wind farm

Trump Administration to Buyback 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...

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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...

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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

chemical tanker

Eastern Pacific Shipping Announces Strategic Exit from Chemical Tankers

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...

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