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U.S.-Backed War Risk Cover for Hormuz Will Have to Wait for Convoys

U.S.-Backed War Risk Cover for Hormuz Will Have to Wait for Convoys

By The Maritime Executive
April 23, 2026
  The Trump administration has worked out a co-insurance arrangement to provide war risk cover for shipping in the Strait of Hormuz and Arabian Gulf, to be administered by NYSE-listed insurer Chubb...
Hornbeck and Helix to Merge in Further Consolidation in the Offshore Sector

Hornbeck and Helix to Merge in Further Consolidation in the Offshore Sector

By The Maritime Executive
April 23, 2026
  Hornbeck Offshore Services and Helix Energy Solutions Group announced that they have agreed to merge their businesses to form a more integrated global offering in the offshore sector. It is the l...
Paying the Piper

Paying the Piper

By Paul Benecki
April 23, 2026
  The average merchant ship has a service life of 20-25 years, in some cases more. That's a long time to stay in compliance with all the rules that govern shipping, and owners know they have to set...
Indonesia Backs Away After Finance Minister Proposes Malacca Tolls

Indonesia Backs Away After Finance Minister Proposes Malacca Tolls

By The Maritime Executive
April 23, 2026
Possibly emboldened by Iran’s assertion that it is entitled to tolls to maintain order and security in the Strait of Hormuz, Indonesia’s Finance Minister stirred up a controversy by suggesting fees...
EU Defers its Plan to Fully Ban Maritime Services for Russian Oil

EU Defers its Plan to Fully Ban Maritime Services for Russian Oil

By The Maritime Executive
April 23, 2026
  The European Union has released its 20th round of sanctions on Russia, including extensive sanctions on the Russian energy sector. Notably missing, however, was the long-discussed complete ban on...
Panama Canal Traffic Up While ACP Downplays Reports of High Auction Prices

Panama Canal Traffic Up While ACP Downplays Reports of High Auction Prices

By The Maritime Executive
April 23, 2026
  The Panama Canal Authority (ACP) said it is working to handle increased demand since the start of the Iranian war, the closure of the Strait of Hormuz, and shipping avoiding the Red Sea. While re...
Libya Again Warns That Wreck of Arctic Metagaz is Drifting Out of Control

Libya Again Warns That Wreck of Arctic Metagaz is Drifting Out of Control

By The Maritime Executive
April 23, 2026
Nearly two months after the Russian LNG carrier Arctic Metagaz was ripped apart by an explosion likely caused by a Ukrainian drone attack, the wreck is still a danger to navigation and the environme...
White House Extends Jones Act Waiver, Drawing Outrage From Industry

White House Extends Jones Act Waiver, Drawing Outrage From Industry

By The Maritime Executive
April 23, 2026
  Last month, the Trump administration issued a 60-day waiver of the Jones Act in order to make it easier to move petroleum and fertilizer products between U.S. ports. Availability of foreign tanke...
The IRGC's Hormuz Toll System is Unlikely to be Exposed

The IRGC's Hormuz Toll System is Unlikely to be Exposed

By The Maritime Executive
April 23, 2026
  Tasnim and Fars, both IRGC-linked semi-official news agencies in Iran, have claimed that Strait of Hormuz transit fees are being deposited into the ‘national treasury’. These claims are being...
Tensions Remain High in Hormuz as Trump Says Navy Will “Shoot to Kill”

Tensions Remain High in Hormuz as Trump Says Navy Will “Shoot to Kill”

By The Maritime Executive
April 23, 2026
Both sides continued to trade threats as Iran repeated its assertion that the Strait of Hormuz is closed. Trump, however, says the U.S. Navy is working to clear the vital waterway. It has become one...

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