Maritime

The prolonged takeover confrontation between US-listed dry bulk operator Genco Shipping & Trading and Greek rival Diana Shipping has intensified once again after Genco’s board unanimously rejected Diana’s latest cash offer of $24.80 per share.  The decision marks the third time Genco has turned down proposals from Diana since the takeover attempt began late last year, setting the stage...

The Federal Maritime Commission (FMC) has returned to full operational strength following the swearing-in of Robert J. Harvey as its newest commissioner, filling a long-standing vacancy on the five-member panel.  Harvey, a Florida native, was officially sworn in on Monday, completing the Commission’s lineup after the departure of Carl Bentzel in...

Chinese tanker operator Huizhou Rongsheng Shipping is moving ahead with its long-term fleet development strategy after placing an order for...

Studio 30 50, the corporate venture-building company spun out of Hafnia, has announced its expansion into Greece through a new collaboration with Orbyt Global focused on maritime digitalisation.  The partnership will support the rollout of a next-generation maritime technology platform designed to enhance digital navigation infrastructure, onboard workflows and operational services for commercial shipping operators. ...

Port state control (PSC) detentions are becoming an increasingly significant operational and financial threat for shipowners and operators, as ageing fleets, tighter maintenance budgets and growing compliance pressures expose weaknesses in vessel safety and operational readiness.  That is the key finding of a new white paper released by Survitec, titled In-port Detentions: The costs and implications for an ageing fleet – and how...

Israeli container shipping company ZIM has appointed Chen Lichtenstein as its next President and Chief Executive Officer, selecting a leader...

The long-awaited civil trial stemming from the collapse of Baltimore’s Francis Scott Key Bridge has been postponed indefinitely after a...

European shipping companies will not be required to pay twice for their carbon emissions under both European Union and International Maritime Organization regulations. That was the clear message delivered by European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas during the official opening of Posidonia 2026 in Athens.  Addressing one of the maritime industry's biggest concerns, Tzitzikostas sought to reassure shipowners that Brussels is fully aware of the financial pressures associated with decarbonisation and intends to prevent any duplication of carbon-related costs as the IMO develops its global emissions framework.  “I want to be clear: European companies will not pay twice, both in Europe and...

Posidonia, the world’s leading shipping exhibition, returns to Athens this week with its largest edition to date, bringing together more than 40,000 maritime professionals in an industry increasingly shaped by geopolitical risk, energy transition and security concerns.  Held from June 1 to June 5 at the Athens Metropolitan Expo, the 2026 edition is positioned as a record-breaking gathering both in scale and in strategic importance, as...

Shipowners who have never handed vessels to third-party managers often share the same instinctive hesitation: loss of control. For many, the fleet is not just an asset base but the core of their business identity, reputation, and in some cases, family legacy. The idea of delegating day-to-day operations can feel like stepping away from the bridge.  Yet within the global shipmanagement industry, a consistent message has emerged. The strongest argument is not...