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Diana Raises Offer for Genco and Agrees to Sell 16 Ships to Star Bulk

Diana Raises Offer for Genco and Agrees to Sell 16 Ships to Star Bulk

By The Maritime Executive
March 6, 2026
Diana Shipping is back with a sweetened offer to acquire fellow bulk shipper Genco Shipping & Trading, both increasing the cash dollar amount and announcing it has partnered with Star Bulk Carriers....
India Quietly Provides Refuge for an Iranian Landing Ship

India Quietly Provides Refuge for an Iranian Landing Ship

By The Maritime Executive
March 6, 2026
Reports broke in the Indian media late on Friday, March 6, that the country has quietly been harboring an Iranian vessel this week after it made an urgent request to enter an Indian port. Off-the-re...
Trump Administration Details $20B Maritime Reinsurance to Get Oil Moving

Trump Administration Details $20B Maritime Reinsurance to Get Oil Moving

By The Maritime Executive
March 6, 2026
  With the global energy markets in disarray, the Trump administration moved quickly and, late on Friday, March 6, announced more details on its plans for a $20 billion maritime reinsurance program...
Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes

Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes

By The Maritime Executive
March 6, 2026
  Container shipping continues to reel as the war in the Persian Gulf reaches its first week, and U.S. and Israeli officials are saying it could continue for weeks. Against that backdrop, an announ...
CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

By The Maritime Executive
March 6, 2026
CK Hutchison and its Panama-based subsidiary, the Panama Ports Company, have taken a series of additional legal steps in the ongoing dispute over the concession to operate terminals in the ports of...
Sri Lanka Takes Control of Iranian Supply Ship, Evacuates Sailors

Sri Lanka Takes Control of Iranian Supply Ship, Evacuates Sailors

By The Maritime Executive
March 6, 2026
  The government of Sri Lanka has decided to take control of the Iranian supply ship IRIS Bushehr, with the president of the country calling it a humanitarian effort after the ship sought refuge in...
Glamox to Light US Navy’s Latest Towing, Salvage, and Rescue Ship

Glamox to Light US Navy’s Latest Towing, Salvage, and Rescue Ship

By The Maritime Executive
March 6, 2026
[By: Glamox] Glamox has secured a contract from Austal USA to supply exterior and interior LED marine lighting for the future USNS James D Fairbanks (T-ATS 13), the latest Navajo-Class (T-ATS) Towi...
Salvage Tug Reported Attacked Near Straits of Hormuz with Crew Feared Dead

Salvage Tug Reported Attacked Near Straits of Hormuz with Crew Feared Dead

By The Maritime Executive
March 6, 2026
A salvage tug sent to aid one of the vessels that had been attacked in the area around the Straits of Hormuz has apparently been attacked as well. At least several of the crewmembers from the tug we...
Lloyd's Stands Ready to Work With U.S. on Insurance for Hormuz Transits

Lloyd's Stands Ready to Work With U.S. on Insurance for Hormuz Transits

By The Maritime Executive
March 5, 2026
  War risk insurance remains available for shipping in the Strait of Hormuz and Arabian Gulf, according to Lloyd's of London, despite the decision of some underwriters and reinsurers to back out of...
After Strikes on Dubai, UAE May Target Iran's Shadow Fleet Operators

After Strikes on Dubai, UAE May Target Iran's Shadow Fleet Operators

By The Maritime Executive
March 5, 2026
The financial and operational networks that undergird Iran's sanctioned oil trade pass through Dubai, where they operate in the shadows in a lightly-regulated market. That may soon become a problem fo...

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