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Trump: U.S. Will Provide "Risk Insurance" For All Shipping in the Gulf

Trump: U.S. Will Provide "Risk Insurance" For All Shipping in the Gulf

By The Maritime Executive
March 3, 2026
  One day after leading marine insurance underwriters decided to withdraw war risk cover for the Persian Gulf and Strait of Hurmuz, the White House has ordered a foreign-aid policy bank to begin of...
Fire Aboard Russian LNG Carrier Near Malta After Possible Ukrainian Attack

Fire Aboard Russian LNG Carrier Near Malta After Possible Ukrainian Attack

By The Maritime Executive
March 3, 2026
A Russian LNG carrier that has been sanctioned and operates in the shadow fleet is reported to be ablaze and drifting in the Mediterranean after one or more explosions. Official sources  in Malta co...
Traders Weigh Iran's Internal Politics to Figure Out Which Bets to Place

Traders Weigh Iran's Internal Politics to Figure Out Which Bets to Place

By The Maritime Executive
March 3, 2026
Oil and gas traders, as well as ship charterers, are faced with an open question as the impact of the crisis in the Gulf region deepens. If the crisis ends quickly, those with short positions in fu...
Chinese and Russian Satellite Feeds Aid Iranian War Effort

Chinese and Russian Satellite Feeds Aid Iranian War Effort

By The Maritime Executive
March 3, 2026
  At the height of the Houthis’ war on shipping in the Red Sea and Gulf of Aden, it was apparent that under IRGC tutelage, the Houthis made use of an integrated surveillance network to back up thei...
VLCC Rates Hit New Sky-High Record: $424,000 Per Day

VLCC Rates Hit New Sky-High Record: $424,000 Per Day

By The Maritime Executive
March 2, 2026
  Rates for VLCCs were already high before the U.S.-Israeli strike on Iran last weekend, but three days after hostilities began, charterers are shattering records. On Monday, spot rates for VLCC to...
Xeneta: Ocean Carriers Unlikely to Return to Red Sea in 2026

Xeneta: Ocean Carriers Unlikely to Return to Red Sea in 2026

By The Maritime Executive
March 2, 2026
  The conflict between the U.S., Israel and Iran may well put off any real hope of a return to Red Sea container ship traffic for the rest of this year, according to Xeneta chief analyst Peter Sand...
Search Underway for Missing Seafarers After Tug Sinks off South Africa

Search Underway for Missing Seafarers After Tug Sinks off South Africa

By The Maritime Executive
March 2, 2026
  Two merchant ships and a fishing boat are working alongside the South African Maritime Safety Authority (SAMSA) as the search continues for missing crewmembers from a tug that went down overnight...
Norwegian Cruise Admits Misstep as it Issues Disappointing Outlook

Norwegian Cruise Admits Misstep as it Issues Disappointing Outlook

By The Maritime Executive
March 2, 2026
Norwegian Cruise Line Holdings reported its fourth quarter and year-end financial results, and while it met or exceeded expectations, it disappointed with its outlook for 2026. Admitting “missteps”...
Iran Denies Involvement in Strike On Saudi Arabia's Ras Tanura Refinery

Iran Denies Involvement in Strike On Saudi Arabia's Ras Tanura Refinery

By The Maritime Executive
March 2, 2026
  Saudi Arabia has shut down processing at its gigantic Ras Tanura installation, part of the world's largest oil port, after a reported Iranian drone attack inflicted serious damage. For the first...
Satellite Imaging Reveals Drone Strike Damage at US Navy Base in Bahrain

Satellite Imaging Reveals Drone Strike Damage at US Navy Base in Bahrain

By The Maritime Executive
March 2, 2026
  Damage to the U.S. Navy's 5th Fleet base at Bahrain appears to be more significant than initially estimated, according to new satellite imaging analysis by the New York Times' visual investigatio...

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