Thursday, June 11, 2026
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UK shipbuilder Cammell Laird

Storied UK Shipbuilder Cammell Laird Sold in Consolidation of Sector

Published Jun 10, 2026 7:26 PM by The Maritime Executive

The famed UK shipbuilder Cammell Laird has been sold as part of an ongoing consolidation of the sector as firms posture for the anticipated increase in UK defense shipbuilding. The yard, which dates back to 1828, was sold as part of the APCL Group to a relative newcomer to the sector, Balaena. A maritime engineering and shipbuilding group based in Cornwall, Balaena was launched in 2019 and made its first major acquisition, a shipyard in Gibraltar, in 2022. The Financial...

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ammonia dual-fuel gas carrier

First Ammonia Dual-Fuel Vessel Delivered to Exmar

Published Jun 10, 2026 6:30 PM by The Maritime Executive

The first newly built dual-fuel ammonia-fueled vessel, Antwerpen, has been officially delivered and went into service today, June 10, for the French division of Exmar. The pioneering ship is the first of a coming wave of deliveries and is seen as a critical step to accelerate the adoption of ammonia as a marine fuel across the wider shipping industry. Exmar, along with HD Hyundai, heralded the delivery of the vessel, the first of three due this year for Exmar, with...

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Slicks on the water at the casualty site, 2016 (Heiltsuk First Nation / CCG)

Heiltsuk First Nation Settles Suit Over ATB Spill, Pursues Further Reforms

Published Jun 10, 2026 6:04 PM by The Maritime Executive

10 years after an ATB went aground and spilled diesel fuel into the waters of the Inside Passage, British Columbia's Heiltsuk First Nation has reached a settlement agreement with Kirby Corporation to bring the matter to a partial close. The tribe continues its advocacy efforts at the national level and at the IMO. In the early hours of October 13, 2016, the ATB tug Nathan E. Stewart / tank barge DBL 55 were under way southbound in the Inside Passage,...

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Andros King at Rafina (file image courtesy Konstantinos / VesselFinder)

Greek Ferry Breaks Concrete Jetty in Half and Comes Away Undamaged

Published Jun 10, 2026 5:03 PM by The Maritime Executive

[Brief] On Monday night, a car ferry hit a jetty at the entrance to the port of Rafina, Greece, damaging it so badly that the jetty was severed in two - but the vessel came away largely unscathed. That evening, the ferry Andros King was arriving in Rafina from Mykonos. The vessel had about 280 passengers and 60 crewmembers aboard, plus cars and trucks. Winds were blowing at about Force 5 from the north. Ro-ro ferries arriving at Rafina make...

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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

UK shipbuilder Cammell Laird

Storied UK Shipbuilder Cammell Laird Sold in Consolidation of Sector

The famed UK shipbuilder Cammell Laird has been sold as part of an ongoing consolidation of the sector as firms posture for the anticipated increase in UK defense shipbuilding. The yard, which dates back to 1828, was sold as part of the APCL Group to a relative newcomer to the sector, Balaena. A maritime engineering and shipbuilding group based in Cornwall, Balaena was launched in 2019 and made its first major acquisition, a shipyard in Gibraltar, in 2022. The Financial...

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Environment

ammonia dual-fuel gas carrier

First Ammonia Dual-Fuel Vessel Delivered to Exmar

The first newly built dual-fuel ammonia-fueled vessel, Antwerpen, has been officially delivered and went into service today, June 10, for the French division of Exmar. The pioneering ship is the first of a coming wave of deliveries and is seen as a critical step to accelerate the adoption of ammonia as a marine fuel across the wider shipping industry. Exmar, along with HD Hyundai, heralded the delivery of the vessel, the first of three due this year for Exmar, with...

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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...

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