Tuesday, June 30, 2026
Media Kit
ships in Persian Gulf

Oman Clarifies its Stance on Hormuz as Talks with Iran Widen

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USNS Kanawha

USNS Kanawha is First MSC Ship to Get the Military's Highest Unit Award

Published Jun 29, 2026 6:24 PM by The Maritime Executive

A Military Sealift Command auxiliary will be awarded the Presidential Unit Citation (PUC), the first time ever that a civilian-crewed vessel in the MSC fleet has received the Pentagon's highest honor. It is a rare recognition: the Pentagon has only issued it about 100 times since WWII, and recipients are among the most storied units in military history. USNS Kanawha will receive the award for her crew's remarkable performance in support of the Ford Carrier Strike Group from February through...

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bulker

Genco Asserts Diana is Misleading Investors as it Extends Tender Offer

Published Jun 29, 2026 5:53 PM by The Maritime Executive

The battle for control of Genco Shipping & Trading continues with the two sides again trading a fresh round of barbs after Diana Shipping said it was extending its tender offer. Diana reports it has already received more than 10.5 million shares, or over 28 percent of the stock, in addition to its 14 percent position as the largest shareholder in the company. “Diana’s commitment to acquiring the Genco shares that we do not own has not diminished,” said Semiramis...

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South Korean shipbuilder

Gunsan Shipyard to Restart Shipbuilding After Nine Years

Published Jun 29, 2026 5:10 PM by The Maritime Executive

Plans to fully relaunch the long-dormant Gunsan Shipyard in South Korea got a boost as the company signed a letter of intent to build its first ships in nine years. The contract was announced concurrently with the closing of the acquisition of the yard by an investment group from HD Hyundai. The yard had fallen victim to a downturn in the shipbuilding industry nearly a decade ago and never achieved its full potential as an expansion for Hyundai’s shipbuilding operations....

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The tanker Davina (Lenore, IMO 9259367), seized by U.S. forces in the Indian Ocean, is an example of a sanctioned, falsely flagged and out of class ship (Pentagon)

Op-Ed: Safety Oversight Must Not be Pushed Out of Sight

Published Jun 29, 2026 4:44 PM by Arun Sharma

Shipping is being pulled in several directions at once, and the consequences are being felt not in theory but in the daily operation of ships. Sanctions are reshaping parts of the fleet, strong freight markets are keeping older vessels in service for longer, and owners are expected to manage increasingly complex regulation while still keeping cargo moving, crews protected and vessels available for trade. In these conditions, technical oversight becomes more important, not less, because the pressures that build around...

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Offshore

offshore wind farm

Duke Energy to Sell Back its North Carolina Offshore Wind Area Lease

Duke Energy is joining the growing list of companies selling back their offshore wind energy leases to the Trump administration. The company has agreed voluntarily to terminate an area on the North Carolina coast. Under the terms of the agreement announced today by the Department of the Interior, Duke Energy will be partially reimbursed for its offshore wind lease, which was in a very early stage of development. The company has agreed to redeploy the funds from its Carolina Long...

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Shipbuilding

South Korean shipbuilder

Gunsan Shipyard to Restart Shipbuilding After Nine Years

Plans to fully relaunch the long-dormant Gunsan Shipyard in South Korea got a boost as the company signed a letter of intent to build its first ships in nine years. The contract was announced concurrently with the closing of the acquisition of the yard by an investment group from HD Hyundai. The yard had fallen victim to a downturn in the shipbuilding industry nearly a decade ago and never achieved its full potential as an expansion for Hyundai’s shipbuilding operations....

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Environment

hydrogen-powered short-sea dry bulk carrier concept

Norway Accelerates Hydrogen-Power Bulker Project for Shortsea Shipping

Norway’s LH2 Shipping reports it is accelerating the development of hydrogen-powered shortsea shipping bulkers for the Baltic with an additional grant from the Norwegian government program to accelerate the green energy transition. The company will add a fifth and sixth bulker to its plan, saying that increased support reflects the growing momentum for liquid hydrogen as a viable alternative fuel for shortsea shipping. The company was awarded an additional grant of approximately $35.82 million from Enova, which it says will...

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Business

bulker

Genco Asserts Diana is Misleading Investors as it Extends Tender Offer

The battle for control of Genco Shipping & Trading continues with the two sides again trading a fresh round of barbs after Diana Shipping said it was extending its tender offer. Diana reports it has already received more than 10.5 million shares, or over 28 percent of the stock, in addition to its 14 percent position as the largest shareholder in the company. “Diana’s commitment to acquiring the Genco shares that we do not own has not diminished,” said Semiramis...

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