Business News

Seacor is Reviewing Alternatives After Shareholders Called for Sale

Published Jul 30, 2026 6:49 PM by The Maritime Executive

Weeks after two of the company’s largest shareholders called for the immediate sale to maximize value, Seacor Marine confirmed it...

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Royal Caribbean Posts Strong Q2 Despite Fuel Costs, Geopolitical Impact

Published Jul 28, 2026 5:47 PM by The Maritime Executive

Concerns for the outlook for cruising moderated with strong stock gains after Royal Caribbean Group reported strong second quarter...

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Diana Renews Push for Genco While Permitting Tender Offer to Expire

Published Jul 27, 2026 6:23 PM by The Maritime Executive

The ongoing struggle related to Diana Shipping’s proposal for a merger with Genco Shipping & Trading continues with the back and f...

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Houthi Blockade Complicates Saudi Tanker Logistics

Published Jul 24, 2026 6:48 PM by Erik Broekhuizen / Poten & Partners

On July 19, Yemen’s Houthi rebel movement declared a “maritime embargo” against Saudi Arabia. The Houthis stated that the blockade...

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Marine Insurers May Ban Payments to Iran for Hormuz Transits

Published Jul 23, 2026 11:36 PM by The Maritime Executive

Getting insured for a Strait of Hormuz transit is getting more expensive, and there are more strings attached to staying insured a...

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EU Expands Shipping and Tanker Bans in 21st Russian Sanctions Package

Published Jul 23, 2026 4:13 PM by The Maritime Executive

nearly two months of negotiations, the EU Member States of the European Commission agreed to the terms of the 21st sanctions packa...

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Dubai and DP World Confirm Plans to Expand Fujairah Port to Bypass Hormuz

Published Jul 22, 2026 6:46 PM by The Maritime Executive

DP World, the government-controlled ports and logistics giant, confirmed it is pushing forward with a plan to build a new port for...

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Floating Data Centers: Uptime is the Product

Published Jul 21, 2026 6:14 PM by Frank Genco

Frank Genco, ABS Vice President of Strategic Account Program writes that with the right partners, data center operators will find...

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Spain’s Balenciaga Shipyard Restarts Work Under AD Ports Ownership

Published Jul 20, 2026 5:45 PM by The Maritime Executive

Six months after it was announced that SAFEEN Drydocks, part of the AP Ports Group, was acquiring the Spanish shipyard, Balenciaga...

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JPMorganChase Provides $24M to Strengthen Philadelphia’s Naval Shipbuilding

Published Jul 16, 2026 4:33 PM by The Maritime Executive

Leading U.S. investment firm JPMorganChase will provide $24 million to help strengthen Philadelphia’s shipbuilding and maritime ma...

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