Thursday, January 15, 2026
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tanker seizure US forces

Video: US Seizes Notorious Shadow Tanker in Sixth Raid Linked to Venezuela

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The patrol-boat pier at South Padre Island (USCG file image)

U.S. Coast Guard Awards its Biggest Shoreside Construction Contract Ever

Published Jan 14, 2026 8:00 PM by The Maritime Executive

The U.S. Coast Guard is moving swiftly to capitalize on the multi-billion-dollar cash infusion it received from the One Big Beautiful Bill Act, the supplemental spending agreement enacted last year. Its latest contract signing is a $200 million award for the reconstruction of Coast Guard Station South Padre Island in Texas, a key installation for border control and fisheries enforcement. It is the largest single order for a shore infrastructure construction project in the agency's history. The Coast Guard selected...

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dry bulk carrier

Dry Bulk Takeover Battle Heats Up Between Diana and Genco

Published Jan 14, 2026 6:56 PM by The Maritime Executive

Two of the leaders in the dry bulk space, Genco Shipping & Trading and Diana Shipping, are trading public jabs in the brewing takeover battle that calls for consolidating the dry bulk sector. Both companies issued public statements six weeks after Diana first went public with its rumored efforts to buy Genco. Both companies emphasize the opportunities they see emerging in the dry bulk sector. Combined, they would have a fleet of approximately 80 vessels with approximately 9 million dwt....

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fire-damaged containership

Dewatering of Fire-Damaged ONE Containership Completed

Published Jan 14, 2026 6:04 PM by The Maritime Executive

Approximately eight weeks after a blaze struck the containership ONE Henry Hudson while working containers at the Port of Los Angeles, operator Ocean Network Express (ONE) is reporting progress in the recovery operation for the vessel. They report that the General Average Survey process is now underway and are highlighting the arrangements for the discharge and onward movement of the import and export cargoes. The fire had begun on the evening of November 22 forcing the evacuation of the vessel...

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USCG

With Five Shadow Fleet Tankers in Custody, U.S. Could Seize Dozens More

Published Jan 14, 2026 5:51 PM by The Maritime Executive

As the U.S. Coast Guard ushers five recently-seized shadow fleet tankers into U.S. custody, the Department of Justice is seeking warrants to capture dozens more, according to Reuters. The legal petitions are not public, but an insider told the news agency that the administration is asking federal courts to write warrants for civil forfeiture of a large number of sanctioned tankers. The warrants would enable boarding, search and seizure missions to capture the vessels and take them to the U.S.,...

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Offshore

offshore wind farm

UK Awards Europe’s Largest Offshore Wind Energy Allocation for 8.4 GW

The UK government is hailing what it calls a “monumental step” in energy independence as it awarded 8.4 GW in a total of 12 offshore wind energy projects. The results are the biggest single procurement of offshore wind energy in British and European history, and are seen as a significant validation for the industry. The government is highlighting the turnaround it was able to achieve with the seventh round of Contracts for Difference Allocation. Round 5 closed in September 2023...

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Shipbuilding

A new P-17A class frigate, Mahendragiri, at launch at Mazagon Dock (Gov't of India)

Report: India Wants to Ramp Up its Warship Exports

India is reportedly working to expand warship exports as part of the ongoing push to revamp its shipbuilding industry. The Ministry of Defense (MOD) has already issued directives to the state-owned shipyards, instructing the facilities to build their capacities for export orders. According to a report by the defense news site Indian Defense Research Wing, the MOD’s directive covers expansion of docking and manufacturing infrastructure in the shipyards. In addition, the shipyards are expected to customize their blueprints for naval...

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Environment

wing sail on MR tanker

HMM and HD KSOE Start Demonstration and Testing of Wing Sail on Tanker

South Korea’s HD Korea Shipbuilding & Offshore Engineering and HMM are starting a demonstration and test period for Korea’s first domestically developed wing sail for wind-assisted propulsion. The shipbuilder has been developing its version of the technology as part of its efforts to advance value-added, green ship designs and technology. The wing sail was recently installed on the product tanker Oriental Aquamarine (50,000 dwt). The vessel was built in 2020 and has been owned by HMM since 2023. Registered in...

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Business

dry bulk carrier

Dry Bulk Takeover Battle Heats Up Between Diana and Genco

Two of the leaders in the dry bulk space, Genco Shipping & Trading and Diana Shipping, are trading public jabs in the brewing takeover battle that calls for consolidating the dry bulk sector. Both companies issued public statements six weeks after Diana first went public with its rumored efforts to buy Genco. Both companies emphasize the opportunities they see emerging in the dry bulk sector. Combined, they would have a fleet of approximately 80 vessels with approximately 9 million dwt....

Continue Reading...