Thursday, March 19, 2026
Media Kit
stack collapse on containership

Video: OOCL Boxship Docks in California with Collapsed Container Stack

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dry bulk carrier

Genco Rejects Diana’s Revised Offer Citing Value and “Fire Sale” of Ships

Published Mar 19, 2026 6:26 PM by The Maritime Executive

The battle to further consolidate the dry bulk segment continues with Genco Shipping & Trading announcing that its board unanimously rejected the revised, non-binding indicative proposal from Diana Shipping to acquire the company. Two weeks ago, Diana had increased its offer while detailing financial commitments and saying that after closing, it would sell 16 Genco vessels to Star Bulk. “Our board reviewed and rejected Diana’s revised proposal and determined that it is substantially below Genco’s intrinsic value and fails to...

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VLCC tanker

Filing Confirms MSC is Buying into Sinokor and Behind Tanker Buying Spree

Published Mar 19, 2026 5:23 PM by The Maritime Executive

Public filings in Cyprus and Greece are ending months of speculation, providing the first confirmation that the Aponte family and MSC Mediterranean Shipping are in fact linked to a sudden and dramatic wave of tanker acquisitions that began in late 2025. South Korea’s Sinokor Maritime was the name associated with the buying spree of very large crude carriers, while speculation linked the money and the ultimate buyer as MSC. It has now been revealed that MSC, through its SAS Shipping...

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Strike on the Ras Laffan complex, March 18 (Qatari social media)

Damage to World's Largest LNG Plant Could Take 3-5 Years to Fix

Published Mar 19, 2026 4:44 PM by The Maritime Executive

The Iranian strikes on Ras Laffan yesterday hit the world's biggest LNG export plant, and Qatari officials say that the damage was so extensive that it will take years to fully recover. The strike on Ras Laffan is the most significant kinetic attack on an LNG facility in decades, perhaps ever, and some analysts have been caught by surprise at the extent of the work required to bring it back online. LNG plants are capital-intensive, engineering-heavy installations. Export projects all...

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smoke rising from oil refinery

Saudi Arabia Loses Patience as Red Sea Terminal and Refinery are Targeted

Published Mar 19, 2026 3:29 PM by The Maritime Executive

Saudi Arabia’s Foreign Ministry spoke out on Thursday, March 19, saying that any “trust with Tehran has been shattered” after reporting that the capital of Riyadh, along with the critical Yanbu oil terminal on the Red Sea and the neighboring refinery, had all been targeted. The state-owned oil company Aramco has been rushing to increase exports from Yanbu to offset its lost capacity on the Persian Gulf. The Ministry of Defense confirmed that a drone “crashed in the SAMREF refinery.”...

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Offshore

OMSA

In the Know Podcast 77: Aaron Smith, President and CEO of OMSA

For the latest edition of In the Know, The Maritime Executive's podcast series, editor-in-chief Tony Munoz spoke with OMSA President and CEO Aaron Smith about the importance of Jones Act shipping in the offshore sector. OMSA - the Offshore Marine Service Association - is the voice of the U.S. offshore-vessel industry, and its primary mission is to protect the Jones Act's benefits for American mariners and shipowners. Smith, the organization's longtime leader, joins the podcast to talk about how loopholes...

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Shipbuilding

cruise ship launch

Fincantieri Floats for Viking "First Hydrogen-Powered Cruise Ship"

Fincantieri marked another milestone in cruise ship development as it floated out the Viking Libra (54,300 gross tons), which is being billed as the “world’s first hydrogen-powered cruise ship.” It advanced the ambitions for zero-emission shipping and the long-held vision of Viking CEO Torstein Hagen to produce a hydrogen-powered ship. According to the companies, the project has been developed with strong attention to environmental aspects to ensure the ship will be capable of navigating and operating with zero emissions, allowing...

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Environment

Thamesborg

Op-Ed: Ships Should Meet the Polar Code Before Entering Canadian Arctic

The United Nations International Maritime Organization (IMO) adopted the Polar Code in November 2014 to reduce loss of life at sea caused by inadequate preparedness for operations in polar regions, which are more isolated and challenging than lower-latitude waters. The Code entered into force on January 1, 2017 and initially applied to seagoing vessels of 500 gross tonnage (GT) and above, as well as certain vessel classes such as cruise ships. On January 1, 2026, the IMO expanded the categories...

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Business

dry bulk carrier

Genco Rejects Diana’s Revised Offer Citing Value and “Fire Sale” of Ships

The battle to further consolidate the dry bulk segment continues with Genco Shipping & Trading announcing that its board unanimously rejected the revised, non-binding indicative proposal from Diana Shipping to acquire the company. Two weeks ago, Diana had increased its offer while detailing financial commitments and saying that after closing, it would sell 16 Genco vessels to Star Bulk. “Our board reviewed and rejected Diana’s revised proposal and determined that it is substantially below Genco’s intrinsic value and fails to...

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