Wednesday, June 10, 2026
Media Kit
tanker in Strait of Hormuz

Which Ships Are Getting Through the Strait of Hormuz?

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containership in convoy in the Suez Canal

Suez Canal Will Raise Surcharge Fees as It Still Looks to Increase Transits

Published Jun 9, 2026 9:00 PM by The Maritime Executive

The Suez Canal Authority has posted its first wide-ranging rate increases in the form of revised surcharges for transits in three years. It comes, however, as the canal continues to pursue efforts to increase transits and new risks are emerging for shipping. The circulars show that the surcharges applied on top of the base rates will be increased starting on July 15. The authority calls these surcharges temporary, but they will represent significant price increases for nearly all categories of...

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French military personnel board the Russia-linked tanker Boracay after an incident off Denmark, 2025 (French General Staff)

Undercover Reporters Confirm Russian Paramilitary Presence on Tankers

Published Jun 9, 2026 8:58 PM by The Maritime Executive

The Danish pilots who guide merchant ships through the Oresund have often reported the presence of strange uniformed men aboard Russia-linked tankers that pass through the waterway. Not apparently burdened with seafaring duties, these supernumeraries nonetheless seem to have a degree of authority on board - raising suspicions of paramilitary or intelligence ties to the Russian government. In a new study, the Organized Crime and Corruption Reporting Project has taken a deep dive into the system of Russian security operations...

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Ais ship arriving in Havana

Ships Carrying Humanitarian Aid Continue to Arrive in Cuba

Published Jun 9, 2026 7:11 PM by The Maritime Executive

Mexico, Belize, and Colombia are all reporting that they are continuing to send humanitarian aid to the beleaguered people of Cuba. The ships are arriving at more frequent intervals with no intervention from the Trump administration, yet fuel shipments to the island continue to be curtailed, contributing to the ongoing crisis. The Chinese-owned cargo ship Asian Katra (10,300 dwt) made its second arrival in Havana in a matter of weeks. The ship, which is registered in Panama, had arrived in...

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iStock / SHansche

Markets Expect Oil Shortage if Hormuz Stays Shut, Oversupply Once it Opens

Published Jun 9, 2026 7:10 PM by The Maritime Executive

The oil market is telling two distinct stories, and future pricing depends upon which one prevails. In the short run, energy markets are leaning hard on drawdowns, run cuts, refined product inventories and demand destruction in order to keep prices in check. If the situation continues unchanged, falling inventories could drive prices skyward by midsummer. On the other hand, the market faces an oversupply situation as soon as the Strait of Hormuz reopens and a flood of Mideast oil comes...

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Offshore

offshore wind farm

UK Will Rebid Offshore Wind Lease Setting a Critical Test for the Sector

The UK's Crown Estate, which manages all the offshore assets, announced that it plans to launch a new competitive bid for a lease in the Irish Sea just months after the existing holders backed out of the project after five years of planning. The new competitive tender is seen as a key challenge for the sector after partners EnBW and JERA Nex BP opted not to proceed, calling the project no longer economically viable. The Morgan site is approximately 22...

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Shipbuilding

GPHA

Ghana’s New Drydock Project Progresses After Successful Financing Round

Ship diversions around Cape of Good Hope have seen vessel traffic growth along the West African coastline. Additionally, recent expansion of deepwater drilling operations by big oil companies is a development indicator for the offshore industry in West Africa. With these opportunities, the region is emerging as a global destination for ship repair and maintenance. In fact, several West Africa governments are ramping up plans to expand ship repair infrastructure. The latest milestone is from Ghana, with Takoradi Floating Dock...

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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

iStock / SHansche

Markets Expect Oil Shortage if Hormuz Stays Shut, Oversupply Once it Opens

The oil market is telling two distinct stories, and future pricing depends upon which one prevails. In the short run, energy markets are leaning hard on drawdowns, run cuts, refined product inventories and demand destruction in order to keep prices in check. If the situation continues unchanged, falling inventories could drive prices skyward by midsummer. On the other hand, the market faces an oversupply situation as soon as the Strait of Hormuz reopens and a flood of Mideast oil comes...

Continue Reading...