Swedish Coast Guard Boards and Detains Suspected Stateless Cargo Ship

Diana Raises Offer for Genco and Agrees to Sell 16 Ships to Star Bulk

Published Mar 6, 2026 7:13 PM by The Maritime Executive

Diana Shipping is back with a sweetened offer to acquire fellow bulk shipper Genco Shipping & Trading, both increasing the cash dollar amount and announcing it has partnered with Star Bulk Carriers. Under the new plan, the all-cash offer is reported to be a 31 percent premium to the share price from last year, backed by a deep list of major financial institutions, and set to carve up Genco’s fleet with Star Bulk. Highlighting what it said was considered to...

India Quietly Provides Refuge for an Iranian Landing Ship

Published Mar 6, 2026 7:08 PM by The Maritime Executive

Reports broke in the Indian media late on Friday, March 6, that the country has quietly been harboring an Iranian vessel this week after it made an urgent request to enter an Indian port. Off-the-record comments from a government spokesperson assert that the request was made just before the U.S. and Israeli attacks began, but the ship quietly entered port the same day the IRIS Dena was sunk. The vessel is the IRIS Lavan, an old-age Landing Craft, that was...

Trump Administration Details $20B Maritime Reinsurance to Get Oil Moving

Published Mar 6, 2026 5:29 PM by The Maritime Executive

With the global energy markets in disarray, the Trump administration moved quickly and, late on Friday, March 6, announced more details on its plans for a $20 billion maritime reinsurance program. It came, however, as oil prices skyrocketed, sending gasoline prices in the United States to their highest level in over a year, while forecasts are for continued global shocks. Donald Trump had announced on Tuesday, March 3, a plan to roll out a reinsurance program as prices of war-risk...

Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes

Published Mar 6, 2026 4:12 PM by The Maritime Executive

Container shipping continues to reel as the war in the Persian Gulf reaches its first week, and U.S. and Israeli officials are saying it could continue for weeks. Against that backdrop, an announcement by Maersk and Hapag-Lloyd that the two liner companies were suspending key routes is drawing wide attention as analysts speculate on the full impact on the container segment. “Following our latest risk assessment and operational review and considering the escalating conflict affecting safe navigation in the Gulf...

Shipping

Swedish Coast Guard Boards and Detains Suspected Stateless Cargo Ship

Swedish police and the Coast Guard swooped down on Friday afternoon, March 6, on a small cargo ship sailing through its territorial waters on suspicion that the ship was operating without a proper registry. The boarding took place from a helicopter and high-speed boat approaching from the stern, and the Swedish authorities report that the ship is being detained for an investigation. The Coast Guard reported on Saturday during a press conference that it had been tracking the ship for...

Tugs & Salvage

Salvage Tug Reported Attacked Near Straits of Hormuz with Crew Feared Dead

A salvage tug sent to aid one of the vessels that had been attacked in the area around the Straits of Hormuz has apparently been attacked as well. At least several of the crewmembers from the tug were feared killed in a missile attack. UK Maritime Trade Operations (UKMTO) said it received a report from a third party of an apparent attack on a tug six nautical miles to the north of Oman. They reported the incident was being investigated....

Government

Despite Threats, For Now The Houthis Are Standing Aside

A huge Day of Al Furqan demonstration in Sana’a on March 5, in support of Iran and Lebanon’s Hezbollah, was mirrored by smaller demonstrations in other Houthi-controlled areas, and supported by a speech broadcast on state television by Houthi leader Abdul-Malik al-Houthi. The crowds reportedly demanded military escalation and confrontation, echoing some reports earlier last week for a resumption of Houthi attacks on shipping in the Red Sea and Gulf of Aden. Nonetheless, while going along with the popular sentiment...

Corporate News

First IRS-Classed Indigenous Cadet Training Ship Launched

[By IR Class] The first of three indigenous Cadet Training Ships being constructed by Larsen & Toubro (L&T) Shipyard, Kattupalli, Chennai, for the Indian Navy was ceremonially launched today at the shipyard in the distinguished presence of General Anil Chauhan, Chief of Defence Staff. Named ‘Krishna’, the vessel pays tribute to the River Krishna, the third longest river in India, symbolising sustenance, continuity, and national pride. The ship (Yard 18003) marks a significant milestone as the first among three Cadet...

Cruise Ships

Norwegian Takes Delivery on New Cruise Ship in Long-Term Growth Plan

Fincantieri and Norwegian Cruise Line celebrated the delivery of the Norwegian Luna, the second ship in the company’s Prima Plus class and the midpoint of a six-ship order, which will later be followed by five even larger cruise ships. The new ship, a sister to the Norwegian Aqua introduced in 2025, seeks to expand on the brand’s renewed emphasis on choice and flexibility while expanding its appeal to families. At 156,300 gross tons, the Norwegian Luna is, however, more in...

Ports

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

CK Hutchison and its Panama-based subsidiary, the Panama Ports Company, have taken a series of additional legal steps in the ongoing dispute over the concession to operate terminals in the ports of Balboa and Cristobal. As part of the action, the Panama Ports Company (PPC) clarified that under the already filed international arbitration, it is seeking at least $2 billion in damages, a figure it says Panama has been misrepresenting. Before the Supreme Court decision was published finalizing the ruling...

Shipping

Swedish Coast Guard Boards and Detains Suspected Stateless Cargo Ship

Tugs & Salvage

Salvage Tug Reported Attacked Near Straits of Hormuz with Crew Feared Dead

Government

Despite Threats, For Now The Houthis Are Standing Aside

Corporate News

First IRS-Classed Indigenous Cadet Training Ship Launched

Cruise Ships

Norwegian Takes Delivery on New Cruise Ship in Long-Term Growth Plan

Ports

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

Offshore

Seatrium Delivers WTIV to Maersk Offshore Wind

The next-generation wind turbine installation vessel, which became the center of a dispute before it was completed, has been successfully delivered, with both companies now celebrating the possibilities. Seatrium reports it completed the delivery on February 26 after sea trials and final readiness evaluations at the Tuas Boulevard Yard in Singapore, while Maersk Offshore Wind is calling the ship the first in its journey towards growing a future-ready fleet. Maersk Offshore Wind, which is owned by the investment company A.P....

Shipbuilding

Third US Training Ship State of Maine Delivered to MARAD

The third newly built U.S. training ship for the merchant marine, the State of Maine, was handed over to TOTE Services and delivered to the U.S. Maritime Administration. It will be the fifth training vessel, and the first purpose-built vessel, to be operated by the Maine Maritime Academy, located in Castine, Maine. The handover to the U.S. government took place at the Hanwha Philly Shipyard, and the vessel is scheduled to depart for Maine in the coming days. Once it...

Environment

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

A new meta-study published in Nature Ecology & Evolution suggests that ocean warming has an outsize impact on the total amount of fish in the water, enough to have major implications for global fisheries. The study, led by researchers at Spain's Museo Nacional de Ciencias Naturales, looked at hundreds of thousands of studies of fish populations in the Northern Hemisphere over a period of nearly 30 years, spanning 1993-2021. The vast data set covered more than 1,500 fish species and...

Business

Diana Raises Offer for Genco and Agrees to Sell 16 Ships to Star Bulk

Maritime Industry Conferences and Events

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Swedish Coast Guard Boards and Detains Suspected Stateless Cargo Ship

Diana Raises Offer for Genco and Agrees to Sell 16 Ships to Star Bulk

India Quietly Provides Refuge for an Iranian Landing Ship

Trump Administration Details $20B Maritime Reinsurance to Get Oil Moving

Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes

Swedish Coast Guard Boards and Detains Suspected Stateless Cargo Ship

Salvage Tug Reported Attacked Near Straits of Hormuz with Crew Feared Dead

Despite Threats, For Now The Houthis Are Standing Aside

First IRS-Classed Indigenous Cadet Training Ship Launched

Norwegian Takes Delivery on New Cruise Ship in Long-Term Growth Plan

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

Hamburg Maritime Forum 2026: An Ambitious Landmark Edition

The Hybrid Adjustable Tip Propeller: Adaptability and Efficiency

Environmental Remediation at Aging Ports

Swedish Coast Guard Boards and Detains Suspected Stateless Cargo Ship

Salvage Tug Reported Attacked Near Straits of Hormuz with Crew Feared Dead

Despite Threats, For Now The Houthis Are Standing Aside

First IRS-Classed Indigenous Cadet Training Ship Launched

Norwegian Takes Delivery on New Cruise Ship in Long-Term Growth Plan

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

Seatrium Delivers WTIV to Maersk Offshore Wind

Third US Training Ship State of Maine Delivered to MARAD

Study: Ocean Warming Puts "Constant Negative Pressure" on Fish Populations

Diana Raises Offer for Genco and Agrees to Sell 16 Ships to Star Bulk

Maritime Industry Conferences and Events

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