Wednesday, July 15, 2026
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flag of Panama

China Again Refutes US Claims of Maritime Coercion Against Panama

Published Jul 15, 2026 11:13 AM by The Maritime Executive

The war of words continues between Chinese and U.S. officials who claim that China is using its maritime and economic strengths to coerce Panama and other nations. China’s Foreign Ministry spokesperson cited statistics and data to refute the U.S. claims that ships flying the flag of Panama are being targeted and coerced with Port State inspections and detentions after Panama canceled CK Hutchison’s port concession. U.S. officials continue to assert that China is targeting Panama-flagged ships in what the U.S....

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Silversides

Historic WWII Submarine Arrives at Fincantieri Bay Shipbuilding for Repairs

Published Jul 14, 2026 10:26 PM by The Maritime Executive

The historic WWII submarine USS Silversides has arrived at Fincantieri Bay Shipbuilding for a much-needed drydocking. The sub's last yard period happened during the Cold War, and she needs preservation in order to continue in service as a museum ship. For the first time in 50 years, this decorated icon of the Pacific Theater will come out of the water for steel renewal, sandblasting and painting. Silversides is a Gato-class diesel-electric attack submarine commissioned on December 15, 1941. The boat...

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Shahed drone strike

Iran Threatens to Close Off All Oil and Gas Export Routes From Gulf Region

Published Jul 14, 2026 10:21 PM by The Maritime Executive

Repeated exchanges of fire with U.S. forces appear to be prompting Iranian leaders to contemplate further escalation. Late Tuesday, official news channel IRIB issued a statement claiming that Iran will close down all oil and gas export routes out of the Mideast if the U.S. keeps up its newly-reimposed blockade on Iran's seaports. If achievable, closing off all of the alternative export options would take another nine million barrels per day offline, nearly a tenth of the total global oil...

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Drop

Royal Navy Drops a Drone Boat Out of a Plane

Published Jul 14, 2026 8:36 PM by The Maritime Executive

As naval forces begin to get used to the idea of unmanned surface vessels and put together a concept of operations for how to use them, some unusual experiments were bound to crop up - and inevitably, someone would end up dropping them out of an aircraft. The Royal Navy recently air-dropped a 28-foot surveillance boat from an A400 transport aircraft into the waters of the North Sea, and did it four times in a row to make sure it...

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Offshore

KPC

Kuwait Reports Attack on Offshore Oil Platform as US and Iran Trade Fire

Kuwait's ministry of defense has reported a drone attack on an offshore drilling platform operated by the state-owned Kuwait Petroleum Company near Shuwaikh Port, causing substantial damage to the rig and injuring one worker. In a statement, the ministry called the strike a "criminal" act. The platform strike - a likely but unconfirmed operation by Iranian forces - is among the first attacks on energy infrastructure in the GCC states since the ceasefire began. The recent Iranian missile and drone...

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Shipbuilding

HOS CSOV

Growing the Legacy

"It's been an honor to move up within the company and ultimately get chosen to succeed my father and carry on the legacy," says Joey D'Isernia, Chairman & CEO of Eastern Shipbuilding Group (ESG). The sixth of founder Brian D'Isernia's 10 children, he assumed his current position three years ago when his father retired and became Chairman Emeritus. He enjoys the challenge. "I always tell our customers and especially our bankers that I'm the boring one," D'Isernia quips. "My father...

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Environment

Korean icebreaker Araon (Gary Houston / public domain)

South Korea Launches Arctic Expedition With Focus on Safety of Navigation

In the last two years, South Korea has made a big bet on Arctic shipping, rolling out massive investments in its port sector for future Arctic logistics. The recent move in this planning phase is launch of a research campaign, which will see South Korean scientists collect additional data to support safe navigation in the Arctic. This will be the focus of South Korea’s 17th Arctic Ocean expedition, flagged off on Saturday at Gwangyang Port in South Jeolla. The 83-day...

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Business

bulker at sea

Diana Gives Genco Shareholders Two More Weeks on the Tender Offer

Diana Shipping is continuing its battle to acquire Genco despite having been rebuffed by Genco’s board and losing in its attempt to put new directors on the board of directors. The company reports that nearly 30 percent of Genco’s shares have been tendered, and it has now extended the tender deadline from July 10 to July 24. “We are pleased that additional shareholders have tendered their shares, but this transaction cannot move forward through a tender offer alone,” commented Semiramis...

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