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US Navy Wants to Spend $2B on Foreign Shipbuilding "Study and Procurement"

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Guided-missile destroyer USS Rafael Peralta (DDG 115) enforces the U.S. blockade on Iranian ports against an Iranian-flagged ship attempting to sail to a port in Iran, April 24.

White House Weighs Iran's Proposal to Reopen Strait of Hormuz

Published Apr 27, 2026 8:02 PM by The Maritime Executive

Iran's negotiating delegation has presented the White House with an offer to end the war and reopen the Strait of Hormuz, but with a price: the offer would be conditional upon pushing back the talks on Iran's nuclear program to an unspecified future date. If the Trump administration accepted, it would perpetuate the activities that the White House hoped to eliminate in launching the conflict4, notably including the continuation of Iran's uranium enrichment. The president does not like the Iranian...

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large LNG carrier newbuild

China Delivers Its Largest LNG Carrier as It Seeks to Rival Korean Builders

Published Apr 27, 2026 7:38 PM by The Maritime Executive

China Merchants Heavy Industries completed the delivery of the country’s first 180,000 cbm LNG gas carrier. It marked a milestone in Chinese shipbuilding in a sector currently dominated by South Korea’s shipbuilders. Named Celsius Georgetown, the vessel was part of an order placed in late 2022 for four ships, with an additional two plus two on the options. Work began in 2023, with Deltamarin contributing to the design. At 299 meters (981 feet), the ship is 96,000 dwt. She is...

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IMO HQ with protest

IMO Braces for a Tough Week as MEPC84 Resumes Net-Zero Debate

Published Apr 27, 2026 6:39 PM by The Maritime Executive

The battle lines are being drawn, and the protestors are on the doorstep of the International Maritime Organization as it resumes the debate on its Net-Zero Framework. After a last-minute decision to table the debate for six months to save the proposal, the IMO is now expected to face more heated debate and obstructionist tactics despite the call of the Secretary-General, who said this week’s important task was to find convergence to make meaningful progress. Everyone expects a “real fight,”...

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offshore wind farm

U.S. Agrees to Deal to Cancel Two More Offshore Wind Farm Leases

Published Apr 27, 2026 5:22 PM by The Maritime Executive

The U.S. Department of the Interior announced today that it has reached agreements to redirect the planned investment for two offshore wind farm projects into the oil and gas sector, and in exchange, it will reimburse the fees paid for the wind leases. The Trump administration has been pursuing this strategy with early-stage offshore wind projects that were still in the permitting stage, having already reached a similar deal valued at nearly $1 billion with TotalEnergies for its U.S. offshore...

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Offshore

The ONGC rig Sagar Ratna off India's eastern coast (ONGC file image)

ONGC Cancels Rig Tender, Alleging "Collusive" Bidding Practices

Indian state oil company ONGC has canceled a tender for four jackup rigs, alleging anticompetitive practices and an "unusually steep escalation" of prices offered. ONGC said that rates had jumped from about $35,000 per day to about $56,000 within the span of nine months. The company said that it was not just a price movement determined by global market factors, but also a sign of possible "collusive practices" among bidders. "The organization identified pricing escalation patterns that deviated substantially from...

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Shipbuilding

large cruise ship at sea

Royal Caribbean Orders Two More World’s Largest Cruise Ships in Finland

Royal Caribbean International confirmed that it has extended the order for its Icon class with the sixth and seventh ships of the class at Meyer Turku. It said it was exercising the existing option, although number seven will be subject to customary conditions, including financing. The order comes as the third ship of the class has just begun sea trials. Named Legend of the Seas, she departed the Turku, Finland, shipyard of Meyer Turku on April 19. The ship is...

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Environment

IMO HQ with protest

IMO Braces for a Tough Week as MEPC84 Resumes Net-Zero Debate

The battle lines are being drawn, and the protestors are on the doorstep of the International Maritime Organization as it resumes the debate on its Net-Zero Framework. After a last-minute decision to table the debate for six months to save the proposal, the IMO is now expected to face more heated debate and obstructionist tactics despite the call of the Secretary-General, who said this week’s important task was to find convergence to make meaningful progress. Everyone expects a “real fight,”...

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Business

Maritime Executive March April 2026 promotion

The Maritime Executive's Annual Energy Edition is Now Available Online

“Strait Outa Compton" That's the witty title of View From the E.U. columnist Erik Kravets' tongue-in-cheek comparison of N.W.A's hip-hop hit from 1988 and Iran's current strategy in the Gulf. But it's not all tongue-in-cheek, as you'll find out. Give it a read. You won't be disappointed. The war in Iran is, understandably, the subject of several articles in this, our annual "Energy Exploration & Production" edition. Allen Brooks, Eye on Energy columnist, uses it as backdrop for why the...

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