Wednesday, August 12, 2026
Media Kit
Chinese destroyer in the Gulf of Aden in 2024

China Continues Gulf of Aden Security Mission by Dispatching 49th Fleet

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Oil barrels

New Iranian Leader Sends a Hardline Message on Hormuz Deal

Published Aug 11, 2026 7:14 PM by The Maritime Executive

The war of words over the Strait of Hormuz continued Tuesday, with both sides attempting to control market perceptions of the state of play in the waterway. The newly-appointed chief of Iran's Supreme National Security Council - the top decisionmaking body in Tehran - said Tuesday that Iran's preconditions for allowing more traffic through Hormuz remain largely unchanged, despite a weekslong U.S. blockade. In a statement at a formal meeting with China's ambassador, hardline Iranian security advisor Mohsen Rezaei said...

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Genco dry bulk carrier

Star Bulk Walks Away from Deal to Buy Genco Bulkers from Diana

Published Aug 11, 2026 7:01 PM by The Maritime Executive

Another piece of the proposed deal for Diana Shipping to acquire Genco Shipping & Trading has ended with Star Bulk Carriers Corp. announcing that it decided to withdraw from the vessel purchase agreement with Diana. Another major bulker operator, Star Bulk, had agreed to buy 16 of Genco’s vessels from Diana with the closing of the merger, which would have provided another element of financing for the deal. Diana said that it respected Star Bulk’s decision and thanked them for...

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Barcelona Spain container terminal

MSC’s Terminal Company Withdraws Antitrust Review for Barcelona Acquisition

Published Aug 11, 2026 6:19 PM by The Maritime Executive

MSCs’ terminal operating company, TiL (Terminal Investment Limited), withdrew its application last week for an EU antitrust review for its proposed acquisition in Barcelona. Last year, the company agreed to the acquisition of the Barcelona Europe South Terminal (BEST) operated Terminal Catalunya in Barcelona, which is a division of CK Hutchison. There was no explanation why the application was withdrawn, just a brief status note as of August 3 on the case, which was under review by the European Commission....

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Refloat

Video: SMIT Helps Egyptian Port Authority Refloat FSRU After Drone Strike

Published Aug 11, 2026 5:26 PM by The Maritime Executive

In conjunction with SMIT Salvage, the staff of the Damietta Port Authority have completed a delicate operation to refloat the LNG FSRU Energos Winter and remove it to a safe anchorage. Energos Winter was attacked by a drone from an unknown adversary on July 29, causing a blast and a fire on board. The blaze spread to a second nearby LNGC, the GasLog Salem. Both fires were brought under control, and no injuries were reported. Egyptian authorities confirmed that the...

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Offshore

Wind turbine installation jack-up vessels

Cadeler Orders Two More WTIV Vessels Citing Continued Strong Sector Demand

Cadeler, which already says it has the industry’s largest fleet of jack-up offshore wind installation vessels, reported that it has placed a new construction order for two more vessels. The company is continuing its relationship with COSCO Shipping Offshore shipyard in Qidong, China, reporting the value of the new contract at approximately €805 million (US$930 million). The company recently took delivery of its eleventh vessel, also from the shipyard in China, and still has one more vessel under construction due...

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Shipbuilding

Austal

Hanwha Offers to Buy Austal USA

The U.S. division of South Korean shipbuilding giant Hanwha has made a non-binding offer to buy Austal USA, the American operations of Australian shipbuilder Austal Ltd. If accepted, the bid would achieve most of Hanwha's previous, unsuccessful effort to acquire the entire Australian parent company. The new bid for Austal USA is in the range of US$1.0-1.2 billion, according to an Australian stock market filing posted by Austal Ltd. - a marked improvement over its last reported offer for all...

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Environment

A boarding team crewmember inventories shark fins on a suspect vessel, May 2026 (NOAA Fisheries)

Canadian-Led Operation Reveals Scope of Illegal Fishing in North Pacific

A Canadian-led operation aimed at cracking down on illegal, unreported and unregulated (IUU) fishing has again exposed how the vast North Pacific continues to be a hotspot for criminal activity that poses a major threat to fish populations, marine environments and global seafood supply chains. Following the completion of the annual multinational mission known as Operation North Pacific Guard (Op. NPG), which involved more than two months of patrolling North Pacific waters at sea, in the air and by satellite,...

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Business

Genco dry bulk carrier

Star Bulk Walks Away from Deal to Buy Genco Bulkers from Diana

Another piece of the proposed deal for Diana Shipping to acquire Genco Shipping & Trading has ended with Star Bulk Carriers Corp. announcing that it decided to withdraw from the vessel purchase agreement with Diana. Another major bulker operator, Star Bulk, had agreed to buy 16 of Genco’s vessels from Diana with the closing of the merger, which would have provided another element of financing for the deal. Diana said that it respected Star Bulk’s decision and thanked them for...

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