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The shipping industry’s shift towards alternative fuels is accelerating, but debate over how it should be regulated is intensifying as the International Maritime Organization (IMO) considers its Net-Zero Framework. Laura DiBella, chair of the US Federal Maritime Commission (FMC), warned yesterday that the IMO framework in its current form risked restricting the fuel choices available. “This initiative raises more questions than it answers and must be rethought before international acceptance and implementation,” she said. “Specifically, any viable proposal must allow for the maximum range of alternate fuel sources, including LNG and bio-LNG.” She argued that framework’s fundamental weakness was its attempt to move shipping from the global petroleum system by regulation rather than market forces, and that the existing system was resilient because of its broad network of suppliers, refineries, and distribution channels. Ms DiBella warned that “artificially limiting alternative fuels” could undermine the framework’s effectiveness, while fuel diversity did not necessarily guarantee availability, stability, or reliability. “In my view, efforts toward emissions reductions must be linked explicitly to demonstrated viability and realistic availability of alternative fuels, not a pre-determined, rigid implementation date or limited fuel options,” she explained. Ms DiBella also backed LNG and bio-LNG, arguing that these fuels could “realistically supply over 60% of global maritime fuel by 2050”. She said bio-LNG could benefit from the existing LNG infrastructure and growing fleet of LNG-fuelled vessels while providing a route to lower emissions without requiring an entirely new fuel ecosystem. But despite the IMO’s concerns, alternative-fuel vessels are increasingly becoming a significant part of the container fleet. Jonathan Roach, container market analyst at Braemar, said in a recent analysis: “The container shipping industry’s journey towards alternative fuels is no longer a distant ambition; it is becoming a measurable reality.” Braemar data showed LNG as the dominant transition fuel, while the growing number of methanol-powered ships showed carriers were increasingly prepared to pursue multiple fuel pathways. Braemar estimated that, by 2030, alternative-fuel ships would account for more than 30% of global container fleet capacity, despite representing less than 14% of vessels by number, indicating that the transition was particularly pronounced among larger vessels. Around 65% of the current huge containership orderbook, in terms of teu capacity, will be fitted with alternative-fuel main engines. And of the alternative-fuel ships on order, about 90% of capacity is concentrated in vessels of 10,000 teu and above. Mr Roach said this could increasingly become a commercial differentiator, as major shippers demand lower-emission transport options from their carrier partners. He also noted that supporting infrastructure was also expanding and, as of this month, Braemar estimated 46 LNG-bunker barges and vessels were in service, with 43 on order. More than half the operating fleet is deployed in Europe, almost a third in Asia, and 17% in the Americas and Caribbean. “Ultimately, the alternative fuel transition is becoming less a question of environmental policy and more a question of competitive positioning,” Mr Roach said. “The question is no longer whether alternative fuels will gain market share, but how quickly adoption will occur and whether supporting infrastructure can keep pace with an ambitious fleet renewal cycle.”

Asia-US west coast rates are surging at an even faster pace this week ahead of concerns around the impact of vessel reductions through the Panama Canal. However, it seems the speed of decline of Asia-North Europe rates has been arrested. According to Drewry’s World Container Index (WCI), Shanghai-Los Angeles and Shanghai-New York spots climbed 9% week on week, to $6,802 and $9,507 per 40ft comparing favourably with the 6% growth rate recorded by LA last week and only a percentage point down on New York’s. Drewry noted: “Transpacific trade remains resilient, while carriers continue to manage supply through blanked sailings and capacity reductions. According to Drewry’sContainer Capacity Insight, seven blanked sailings have been announced for the next week. “Additionally, capacity in August declined 9% month of month on Asia-US east coast and fell 0.4% month on month on Asia-US west coast, further tightening space availability.” It added: “Drewry expects freight rates to remain stable next week, due to tightened capacity.” Freightos’ Baltic Index confirmed a similar growth rate for the Asia-USWC trades, with a 9% week-on-week uptick to $7,422 per 40ft, but contended that the pace of growth on Asia-USEC trades had slowed to just 3%, at $9,422 per 40ft. According to Linerlytica, the picture was somewhat different, as it predicted the decision of the Panama Canal authority (ACP) to impose further restrictions on vessel transits could take Asia-USEC spots close to $11,000 per 40ft. ACP said that, from 3 September, the number of daily slots at its Neopanamax locks would be adjusted to nine, and at the Panamax locks slots, reduced to 25, with a further reduction, to 23, on 15 September. This is from a normal daily average of 34. It said: “Despite the arrival of the rainy season in Panama and the water-saving measures implemented by the Panama Canal to mitigate the adverse effects of the El Niño event, current watershed conditions require additional action to support the long-term sustainability of transit operations.” ACP is also rejigging its daily auction system by splitting vessels into four commodity groups, to “promote a more equitable allocation process that better reflects market composition”. They are: LNG and LPG vessels; dry bulk and general cargo vessels; containerships, vehicle carriers, ro-ro and refrigerated vessels; and chemical, crude and product tankers. This week,The Loadstarreportedthat the situation at the mouth of the canal had got to such a point that one carrier had paid $4.6m to land an auction slot, way up on the daily post-Iran war average of $385,000 and out of sight of the pre-war $140,000 average. One source toldThe Loadstarcongestion was building to the point where delays of “up to 10 days” could be expected on eastbound transits, with “at least” 112 vessels waiting to enter the canal, and the situation for transits to the US west coast transits set to worsen in the coming weeks. Meanwhile, on European trades, the rate situation is notably less rosy, the WCI recording a 1% week-on-week drop for its Shanghai-Rotterdam leg, now at $4,401 per 40ft, and a downturn of 2% for Shanghai-Genoa, which is now trading at $4,955 per 40ft. Linerlytica noted this was the sixth consecutive weekly fall for European trades, with Vespucci Maritime CEO Lars Jensen pointing out: “Asia-North Europe has dropped $522 per 40ft since the peak six weeks ago, and Asia-Mediterranean is also down, $1,508”.

Diana and Genco battle ends, MSC returns to Red Sea, and Panama Canal cuts transit numbers August 21, 2026 A look back at the top stories on Seatrade Maritime News over the last week. The long running battle by Diana Shipping to take over Genco Shipping and Trading ended in nought. Diana pulled its unsolicited offer to acquire all the shares it did not own in Genco after months of accusing the latter of not engaging in negotiations. Both sides fired their final salvos for this stretch of the prolonged takeover battle, although Diana warned that as Genco’s largest shareholder, it is "not going away". Genco and Diana fire parting shots as Diana withdraws acquisition offer Red Sea transits by container lines are coming back quicker than expected with MSC quietly joining the fray with seven vessels in two weeks on eastbound voyages via the Suez Canal. “It sends a clear signal that the full resumption of Red Sea transits could come earlier than anticipated”, said consultant Linerlytica. With CMA CGM and Maersk having already made the switch for some full services more are expected to follow. Related:Hapag Lloyd’s Zim deal scrutinised by Brazilian anti-trust Race back to Suez gathers pace as MSC increases Red Sea sailings As the impact of El Nino starts to be felt on Panama Canal watershed levels the key waterway connecting the Atlantic and Pacific Oceans is cutting daily transit numbers. From 3 September the number of slots available in the Neo-Panamax locks will be capped at nine and the Panamax locks at 25 and reduced to 23 on 15 September. Overall this will reduce maximum daily transits from 38 to 32 vessels. Panama Canal cuts daily transit slots due to El Niño Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026

The latest news and developments from Panama, one of the world’s most important shipping nations. The canal watershed has seen lower than expected rainfall and transit adjustments include auction slots August 21, 2026 ThePanama Canalis reducing the number of slots available daily for transits of the waterway that links the Atlantic and the Pacific as the impact of El Niño starts to bite. From 3 September the number of slots available in the Neo-Panamax locks will be capped at nine and the Panamax locks at 25. From 15 September the number of slots for the Panamax locks will be reduced to 23. Normally the maximum number of daily transits of the canal is around 38 in total so from 3 September this will be reduced to 34 and to 32 in total from 15 September. “Despite the arrival of the rainy season in Panama, and the water-saving measures implemented by the Panama Canal to mitigate the adverse effects of the El Niño event, current watershed conditions, including below-expected precipitation in the Canal watershed, require additional action to support the long-term sustainability of transit operations,” the Panama Canal Authority stated. Related:Panama Canal sees increase in transits as El Niño impact looms Daily auction slots are also be adjusted into four groups in a move that the ACP said is designed to balance the allocation of slots with the groups as follows: Group 1:LNG, LPG Group 2:Dry Bulk Carriers, General Cargo, Others Group 3:Container vessels, Vehicle Carriers / ro-ro, reefer Group 4:Chemical Tankers, Crude / Product Tankers The price paid for auctions slots has already surged to as high as $4 million for a single transit in recent months as demand for Panama Canal transits has been high due to supply chain disruptions in other parts of the world. The canal authority said that individual customer limits for transits do not apply for auction slots and the Neo-Panamax locks full container ships with the highest capacity will be given priority in the booking process. Customer ranking will be used in the event of a tied bid. The latest measures announced for the Panama Canal will put further stress on supply chains already impacted by conflict in the Middle East and port congestion in Europe. Read more about: Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026

Seamull hijacked by six armed people and redirected towards Somalia after hijacking off the coast of Yemen. August 20, 2026 A product tanker has been hijacked in the Gulf of Aden around 136 nm east of Al Mukalla, Yemen. UKMTO said a tanker broadcast a distress call on VHF 16, saying they had been approached by an unauthorised vessel on their westbound transit of the Gulf. The status of the crew is not currently known. The agency cited military authorities as the source of the report. In an update, UKMTO said it had received confirmation that the ship had been boarded by six armed persons who had taken control of the vessel and redirected it toward Somalia. Maritime security firm Vanguard Tech identified the vessel as 2001-builtSeamull, also known asSibu 1. The Equasis database has the 32,000 dwt vessel as falsely flagged in Eritrea. TheUSOffice of Foreign Assets Control (OFAC) sanctioned the vessel — then flagged in Palau — in December 2025 for transporting Iranian petroleum products. The latest attack in the region follows the hijacking of 1,401 dwt general cargo ship Lutuf on 17 August off the coast of Somalia by eight armed persons. Related:How Iran is shaping the new navigational order in the Strait of Hormuz In its last advisory note on 18 August, JMIC expanded on the UKMTO report of theLutufincident, saying the crew was mustered to the citadel but the suspected pirates gained access and relocated the crew to the bridge. The suspected pirates were using AK-47 type weapons, it said. The JMIC advisory said there were five vessels being held in the Somali Coast and Somali Basin region: Palau-flagged product tankerHonour 25hijacked 21 April 2026, Saint Kitts and Nevis-flagged general cargo shipSward, hijacked 26 April, Togo-flagged product tankerEureka, hijacked 2 May 2026, Tanzania-flagged product/chemical tankerAsana, hijacked 17 July 2026, andLutuf. JMIC’s threat assessment for the Somali Coast and Somali Basin remained at Moderate in the advisory, meaning an attack is possible but not likely. Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021

The collaboration focuses on developing a high-efficiency hybrid-electric propulsion for LNG tankers August 20, 2026 Everllence has signed an Engineering Design Agreement (EDA) withHudong-Zhonghua ShipbuildingforLNGcarrier development. The agreement focuses on the development of a 180,000 cubic-metre class LNG carrier equipped with Everllence's advanced DFE+ (Dual-Fuel, Electric+) propulsion system. Through the collaboration, both parties aim to enable and promote more environmentally friendly and efficient LNG shipping, particularly in response to the increasingly stringent emission requirements set by the IMO's Carbon Intensity Indicator (CII). This agreement builds on an existing partnership Hudong-Zhonghua and Everllence have previously worked on for the delivery of 10 conventional DFDE (Dual-Fuel Diesel Electric) LNG carriers. Song Wei, Chief Technical Engineer of Hudong-Zhonghua, commented: "Decarbonisation is an undeniable development trend in the shipping industry. Shipowners today face unprecedented challenges and uncertainties as they strive to achieve the goal of net-zero greenhouse gas emissions by 2050. We are very pleased to collaborate with Everllence on developing a high-efficiency hybrid-electric propulsion solution for LNG carriers, which will offer shipowners a broader range of viable options." Related:Lloyd’s Register lands latest floating gas conversion Dominik Thoma, Global Manager for LNG Cargo at Everllence, added: "In today's landscape, individual technology providers can only achieve marginal efficiency improvements on their own. To realise significant gains, close collaboration between shipyards and engine manufacturers is essential. Hudong-Zhonghua, as a market leader in LNG carrier construction, and Everllence, as a market leader in the design and manufacturing of four-stroke engines, together possess the combined capabilities to take propulsion systems to the next level." The signing of this EDA marks a strategic step forward in advancing LNG carrier propulsion technology, reinforcing both companies' commitment to supporting the shipping industry's energy transition through innovation and partnership. Hudong-Zhonghua has just commenced its capacity consolidation and upgrading project to address the robust market demand for large-size vessels and LNG carriers. Read more about: Nick Savvides Europe correspondent Experienced journalist working online, in monthly magazines and daily news coverage. Nick Savvides began his journalistic career working as a freelance from his flat in central London, and has since worked in Athens, while also writing for some major publications including The Observer, The European, Daily Express and Thomson Reuters. Most recently Nick joined The Loadstar as the publication’s news editor to develop the profile of the publication, increase its readership and to build a team that will market, sell and report on supply chain issues and container shipping news. This was a similar brief to his time at ci-online, the online publication for Containerisation International and Container News. During his time at ci-online Nich developed a team of freelancers and full-time employees increasing its readership substantially. He then moved to International Freighting Weekly, a sister publication, IFW also focused on container shipping, rail and trucking and ports. Both publications were published by Informa. Following his spell at Informa Nick joined Reed’s chemical reporting team, ICIS, as the chemical tanker reporter. While at ICIS he also reported on the chemical industry and spent some time on the oil & gas desk. Nick has also worked for a time at Lloyd’s Register, which has an energy division, and his role was writing their technical magazine, before again becoming a journalist at The Naval Architect for the Royal Institution of Naval Architects. After eight successful years at RINA, he joined Fairplay, which published a fortnightly magazine and daily news on the website. Nick's time at Fairplay saw him win theSeahorse Club Journalist of the Year and Feature Writer of the Year 2018 awards. After Fairplay closed, Nick joined an online US start-up called FreightWaves.

Welcome to portstrategy.com. This site uses cookies.Read our policy. 2026-08-19T08:58:00+01:00 Portsmouth International Port – the host for October’s GreenPort Congress 2026 – is celebrating two landmark moments on its path to zero-emissions. Portsmouth International Port – the host for October’s GreenPort Congress 2026 – is celebrating two landmark moments on its path to zero-emissions. The SpacePort project will look at how freight consolidation centres in Portsmouth could be be fully integrated into the wider maritime logistics network. Photo: Portsmouth City Council The first came when Virgin Voyages’Valiant Ladysuccessfully plugged into the port’s Sea Change shore power system, marking the first commercial connection of a cruise ship in the UK. A second came later the same day, 5 August, when Brittany Ferries’Guillaume de Normandiealso came alongside – the first time two vessels have used Portsmouth International Port’s multi-berth shore power system at the same time. Both were memorable moments for the port, which said it was also “a substantial moment for the UK’s maritime industry”. The Sea Change shore power system, aka cold ironing, is designed to support both cruise ships and ferries, allowing berthed vessels to shut down their auxiliary engines and draw electricity from the local grid to meet their hotel load requirements. Made possible by funding from the UK’s Innovate UK agency and the Department for Transport (DfT), Sea Change will cut exhaust emissions including nitrogen oxides and particulate matter, and improve air quality around the port and its local communities. Portsmouth International Port’s remarkable journey to this point will be the focus of a full Session on the first day of GreenPort Congress, 7-9 October, when delegates can hear first hand about the challenges, including meeting IEC standards, and the ultimate success of the net zero project. Book nowfor 20% off the full delegate rate with GPCEARLY or contact the team atsales@greenportcongress.com 2026-08-11T15:22:00Z 2026-08-10T14:56:00Z 2026-08-10T14:51:00Z 2026-08-10T14:47:00Z 2026-08-03T08:09:00Z 2026-08-03T08:02:00Z 2026-08-03T07:53:00Z 2026-07-22T11:14:00Z 2026-07-13T14:54:00Z 2026-07-13T14:52:00Z 2026-07-13T14:08:00Z 2026-06-30T11:18:00Z Site powered byWebvision Cloud

Anna S and rescue vessel Elina B are struck by drones as attacks on commercial shipping intensify around Russia and Ukraine. August 19, 2026 Merchant shipping continues to be targeted byRussianand Ukrainian forces in the Black Sea, with more drone attacks on vessels reported overnight. Maritime security firm Vanguard Tech said Liberia-flagged bulk carrierAnna Swas hit by five aerial drones on 17 August around 20nm off Novorossiysk, causing a fire and major damage. Local reports say the vessel is "completely burned out". “All 21 crew abandoned the vessel and were safely rescued by the nearby Malta-flagged bulk carrierElina B,” said Vanguard. The vessel that came to the rescue of theAnna Screw was then struck by two aerial drones around five hours later, but remained operational despite taking damage. Separately, on the other side of the Black Sea, Russia’s Ministry of Defence said it struck a dry cargo ship southeast of Odesa in the evening of 18 August, alleging that the ship was carrying materiel for Ukraine’s armed forces. Related:What does Iran’s offensive posture on Hormuz mean for shipping? A subsequent post from the ministry with drone camera footage claimed Russia had hit two dry cargo ships “used to deliver military cargoes” to Ukraine. The footage showed a drone targeting a vessel’s superstructure. Attacks on ships in the Black Sea and Sea of Azov have been commonplace since early July as both Russia and Ukraine seek to inflict economic damage on one another and hinder military logistics. Beyond the clear threat to the lives and safety of civilian seafarers, the conflict threatens global food supplies as both Russia and Ukraine are significant exporters of grains including wheat and corn.Anna Swas en route to Novorossiysk to load grain when it was attacked by the drones. Last week, Ukraine offered Russia a truce in the Black Sea in order to release the globally significant volumes of wheat, corn, and other grains produced by Russia and Ukraine. Russia rejected the offer. Earlier this month, theUSDepartment of Agriculture’s (USDA) Kyiv post revised down its corn export forecast for Ukraine to 14.0m tonnes from the USDA’s official forecast of 23.0m tonnes. The post’s wheat export forecast was also slashed to 10.8m tonnes from the USDA’s official figure of 14.5m tonnes. “Post slashed MY2026/27 exports due to the recent deterioration of the security situation in the Black Sea,” it said. In 2022, Russia and Ukraine agreed to the Black Sea Grain Initiative which succeeded in enabling the export of almost 33m tonnes of grain on more than 1,110 voyages. Russia pulled out of the deal in July 2023. Read more about: Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021

The production upgrades are aimed mass construction of LNG carriers and ultra-large container ships August 19, 2026 In a booming newbuilding marketChina’sHudong-Zhonghua Shipbuildinghas set out plans to grow its production capacity. As a strategic long-term initiative to strengthen and refine its core marine equipment manufacturing business, the capacity consolidation and enhancement project kicked off by Hudong-Zhonghua Shipbuilding aims to fully unlock the shipyard’s development potential, eliminate existing capacity bottlenecks, optimize overall production layout, and consolidate fundamental manufacturing infrastructure. Chen Jianliang, Chairman of Hudong-Zhonghua, stated, “The newly launched capacity project will build brand-new specialized final assembly lines and supporting facilities, focusing on boosting the mass and intelligent construction capacity of high-end vessels including large LNG carriers and ultra-large container ships.” Hu Xianfu, Deputy General Manager ofCSSC, pointed out that the shipbuilding industry epitomises a country’s maritime strength and comprehensive industrial competence. High-end, high-value-added vessels such as large-scale LNG carriers and ultra-large container ships serve as core benchmarks for national shipbuilding capabilities. Related:Ship recycling yards scout round for suitable tonnage “As the world’s largest shipbuilding group, CSSC prioritises the upgrading of high-end vessel construction capacity to fulfill its responsibility as a central state-owned enterprise in advancing China’s maritime and manufacturing power strategies. Hudong-Zhonghua will take this project as a new starting point to promote integrated development of smart, green and lean manufacturing.” Changxing Island functions as China’s core manufacturing base for high-end marine equipment and a strategic hub for the national shipbuilding industry. Hudong-Zhonghua’s capacity upgrading project will serve both the company’s high-quality growth and the national maritime power strategy and Shanghai’s industrial layout planning for the 15th Five-Year Plan. As a pioneer in China’s LNG carrier construction industry, Hudong-Zhonghua has delivered a total of 65 LNG carriers, spearheading the innovative and high-quality development of the domestic LNG shipbuilding sector. To date, the shipbuilder holds nearly 60 large LNG carrier orders, including 24 units of the world’s largest 271,000-cubic-meter LNG carriers, with its full production schedule firmly booked through 2030 and beyond. Read more about: Katherine Si China Correspondent China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards. Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine. With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

A new platform from MACN takes data from over 70,000 corruption reports to provide automated pre-arrival port information to crew August 19, 2026 The Maritime Anti-Corruption Network (MACN) has transformed more than a decade’s worth of corruption reports into an operational database. With support from the Danish Maritime Fund MACN has taken data from over 70,000 reports made by vessel owners and managers to build the Global Port Integrity Platform (GPIP) covering 1,350 ports worldwide. The suite of tools is designed to shipping companies assess risk, prepare crews before arrival, and integrate corruption intelligence directly into operational workflows. According to MACN 75 organisations are already using the platform's dashboard tools, while over 350 shipping companies receive corruption risk information through its pre-arrival communication systems. "Shipping generates enormous amounts of operational data, but historically there has been very limited structured data available to help companies understand and manage corruption risks at the ports where they operate," said Cecilia Müller Torbrand, CEO of MACN. Related:Shipping’s talent shortage is partly self-inflicted "This initiative demonstrates how maritime data can be transformed into practical intelligence that supports better decisions, protects crews, and strengthens integrity across the industry." The platform automatically provides port specific information directly to crews ahead of arrival and further AI enabled applications are expected in future. "The API integration with MACN's corruption incidents database opens new possibilities for us. We're exploring how to transform this real maritime data into actionable intelligence that flows directly to our vessels. It demonstrates how data collaboration can drive meaningful innovation in our industry,” said Uriel Chareca, Head of Group Data & AI, Torm. Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026

The Chinese – Korean joint venture backed MSC’s Gianluigi Aponte has made a huge play in the VLCC sector August 19, 2026 It is little surprise to see Sinokor top the list of secondhand tanker buyers so far this year with it’s aggressive move into the spotVLCCmarket. Sinokor has acquired 73 tankers this year at a total spend of $5.98 billion according to Veson Nautical’s VesselsValue. The shipowner has spent more than five times the next nearest buyer of tanker tonnage this year – Industrial Bank Financial Leasing – spending $1.51 billion on 12 vessels. Sinokor’s $5.98 billion spree is roughly equal to the next eight biggest tanker buyers. Third biggest buyer of secondhand tankers in financial terms wasAbu Dhabi National Oil Co. (ADNOC)which has made waves recently with a series of purchases at high prices. TheUAE-company has spent $987 million on eight vessels this year. It was noted by Veson Nautical that VLCC prices were already at levels not seen since 2008. Rounding out the top five are the Bank of Communications Financial Leasing spending $917.8 million also for eight vessels and Frontline splashing out $875.7 million for seven tankers. Related:Investor excitement at tanker company earnings Looking at the top 10 buyers Veson Nautical's Senior Content Analyst Rebecca Galanopoulos noted that four were Chinese financial leasing houses. “Industrial Bank, Bank of Communications, CMB, and BOC Financial Leasing accounted for over $2.85 billion, meaning a good share of this record activity reflects sale-leaseback structuring rather than straightforward ownership change.” Read more about: Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026

Strikes from multiple unknown projectiles leaves vessel a complete constructive loss, according to UKMTO. August 19, 2026 A vessel struck by multiple unknown projectiles in the southern Red Sea is a complete constructive loss due to the damage inflicted, according to UKMTO. Local authorities reported the incident around 40 nm southeast of Al Mokha, Yemen, occurred at 1100 hrs on 17 August. The UKMTO warning did not provide further details on the ship, which it said was unmanned, but advised vessels to transit with caution. Traffic levels through the southern Red Sea and Bab el Mandeb Strait have been lower since the Houthi announced a blockade of Saudi-linked shipping on 20 July. The blockade announcement was followed with multiple attacks on ships in the region, including the deadly attack onTihamahearlier this month, also off Al Mokha port. “Following over 25 cumulative missile impacts and berth fires, Al-Mokha Port remains completely closed to commercial traffic, forcing remaining lower Red Sea commercial logistics to reroute,” said JMIC. Related:Despite pipeline talks, Hormuz will remain key to Iraq’s oil exports The latest advisory note from JMIC put the threat to shipping in Bab-el Mandeb and the southern Red Sea as substantial, while the threat over in the Strait of Hormuz remains severe. Attacks on shipping on 17-18 August highlight the multiple threats to vessels in the waters around the Middle East. On 17 August cargo shipLutufwas hijacked by eight armed pirates of Somalia, then on 18 August a seafarer was killed when bulkerMinoan Dignitywas hit in the Strait of Hormuz. Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021

The greenfield terminal will be developed by Port of New Orleans, MSC’s TiL, and Ports America August 18, 2026 TheUSArmy Corps of Engineers has granted the federal permit for the construction of Louisiana International Terminal a greenfield development located on the lower Mississippi River. The port development is a public/private partnership between thePort of New Orleans (NOLA),MSC’sTerminal Investment Ltd (TiL), and Ports America. "Today's permit turns years of engineering, environmental review, and partnership into forward motion," said Beth Branch, President and CEO of the Port of New Orleans. "This is not simply a regional port expansion — it is nationally significant infrastructure that will expand American export capacity and position Louisiana to lead the next generation of maritime commerce. We are ready to build.” Positioned outside of the Crescent City Connection Bridge the new terminal will be able to handle container ships in excess of 16,000 teu and compete for mainline calls into US ports. Related:Jebel Ali volumes plummet 90.1% in second quarter Ammar Kanaan, CEO of Terminal Investment Limited (TiL) described it as one of the most significant investments in its portfolio. "The Mississippi River corridor gives the United States a chance to build deepwater capacity that rivals any port in the world. We're proud to invest alongside Port NOLA and Ports America in a project that strengthens America's position in global trade for decades to come." No timeline for construction of the new terminal was given. Read more about: Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026

L’esclusione Il ministero richiama qui gli orientamenti già espressi dal ministero delle Imprese e del Made in Italy (circolare 1882/25, e faq del settembre 2021), secondo cui tali associazioni non possono qualificarsi al tempo stesso come enti del Terzo settore, essendo la loro finalità - valorizzare le competenze professionali degli iscritti verso il pubblico - estranea alle finalità civiche, solidaristiche e di utilità sociale proprie degli Enti del terzo settore. L’esclusione, precisa la nota, non si limita alle associazioni iscritte all’elenco ministeriale: vale anche per i soggetti che, pur non essendovi iscritti, abbiano statuti dai quali sia desumibile la medesima finalità, ovvero valorizzare le competenze professionali degli associati come prestatori di servizi al pubblico, anziché perseguire finalità civiche, solidaristiche o di utilità sociale. In questo senso la nota distingue condivisibilmente le associazioni da quelle di rappresentanza di categorie economiche, dal momento che queste ultime guardano soprattutto alla promozione della categoria e delle sue istanze nei confronti dei poteri pubblici.

The latest news and commentary on how the US/Israel-Iran conflict is affecting the global maritime industry and shipping markets. Tanker reportedly seized by Iranian forces for failing to follow the Northern route in the Strait of Hormuz August 18, 2026 Iran claims to have detained an Emirati tanker while crossing the Strait of Hormuz south of Qeshm Island, according to local media reports. Fars News Agency reported that the Islamic Revolutionary Guard Corps (IRGC) detained the UAE-owned tanker for refusing to use its Northern route through the Strait and not paying service fees. The name and owner of the tanker involved were not identified. Fars said tankers seeking safe passage through the Strait of Hormuz “must follow a route designated by Iran, pay service fees and obtain Iranian authorization.” Reports of the seizure have not been independently verified, however, AIS tracking data shows a Liberian-flagged tankerAmarastopping south of Qeshm Island on an inbound crossing of the Strait and proceeding to sail slow in circles for over the next 12 hours. The vessel is broadcasting that it has an Indian owner and crew. According to Pole Star Global’s Purple Trac theAmara’sregistered owner is Marshall Islands company HSG Shipping, however technical management of the vessel lies with UAE-based Superfleet DMCC. The beneficial owner of the tanker is listed as unknown. Related:Frequency of vessel attacks in Hormuz increases The reported seizure follows strikes on three vessels from Abu Dhabi National Oil Co (ADNOC) in the Strait on 13 and 14 August. Marcus Hand Editor Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation. In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology. Marcus is the founder of theSeatrade Maritime Podcastthat delivers commentary, opinions and conversations on shipping's most important topics. Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Wind-Assisted Propulsion: Are we ready? at Seatrade Maritime Crew Connect Global 2024 IMPA 2024 SingaporeMaritime Procurement and Sustainability Panel, November 2024 Goodbye Globalization? Red Sea Impacts Reviewed,EGN Singapore (Executives' Global Network)webinar, February 2024 Offshore Marine Breakfast Forum atSea Asia 2023 Sustainable Finance, Shipping & Technology at Hong Kong Maritime Week 2022 Building & Operating Dual-Fuel Vessels, February 2022 Shipping’s Decarbonisation Challenge – The Role of Technology and Digitalisation at Hong Kong Maritime Week 2021 The Challenge Faced by Ship Registries in a Digital and Post-Pandemic Era, October 2020 The Future of Transhipment Hubs Post-Pandemic, November 2020 Offshore Marine Breakfast Forum at Sea Asia 2019 Marcus Hand regularly guests on mainstream media talking about maritime and shipping news stories. Below you'll find a list of selected appearances KBS World Radio -Korea24,May 2026 BBC News -Hindi Service,April 2026 RNZ -First Up, April 2026

The seizure of Lutuf follows four other merchant vessel hijackings since April as opportunistic pirate activity continues off Somalia. August 17, 2026 A cargo vessel has been hijacked off Somalia, according to a UKMTO warning published on 17 August. Maritime security company Vanguard Tech said the ship involved is Cameroon-flagged cargo vesselLutuf, which the Equasis database has as a 1995-built 1,401 dwt general cargo ship. Both reports say the ship was boarded by eight armed persons at around 1136 hrs UTC and that the unauthorised persons subsequently took control of the vessel. “The status of the crew remains unconfirmed, while authorities are investigating,” said Vanguard. The incident occurred 4 nm south of Mareeyo, Somalia, according to a report from the ship’s company security officer, the UKMTO warning said. Pirate activity off the Somalia coast has increased in recent months, despite monsoon conditions being generally unfavourable for skiff launches. JMIC’s 16 August advisory had the threat to shipping off the Somali coast as moderate due to persistent opportunistic attacks. Related:Iran claims to have detained UAE tanker in Hormuz JMIC said there were four merchant vessels held by Somali pirate groups as of 16 August, Palau-flagged product tankerHonour 25hijacked 21 April 2026, Saint Kitts and Nevis-flagged general cargo shipSward,hijacked 26 April, Togo-flagged product tankerEureka,hijacked 2 May 2026, and Tanzania-flagged product/chemical tankerAsana, hijacked 17 July 2026. Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021

Diana calls Genco’s counter proposals ‘completely disconnected from reality’ in what Genco calls a ‘misleading characterisation’. August 17, 2026 After months of accusing Genco Shipping & Trading of not engaging in negotiations onDiana Shipping’sunsolicited offer to acquire all outstanding Genco shares that it doesn’t already own, Diana has pulled its offer from the table after Genco put forward a counter offer. Both sides fired their final salvos for this stretch of the prolonged takeover battle, although Diana warned that as Genco’s largest shareholder, it is "not going away". On 14 August, Diana withdrew its offer of $24.80 cash per share plus one Diana share valued at $2.54; the offer included downward adjustments for Genco dividends since the offer was made. Diana shipping said its attempt to negotiate began with its advisors proposing a transaction at $27.50 per share in cash plus three Diana shares, which Genco valued at $1.00 per share. The proposal also stipulated that no adjustments would be made for dividends so that Genco shareholders were not punished for the transaction taking place. Related:Star Bulk pulls $470m 16-ship deal tied to Diana’s Genco bid Genco also accused Diana of “misleadingly inflating” the value of its proposed framework after Diana said Genco’s demands were “completely disconnected from the reality of what a credible buyer could reasonably be expected to pay.” In a press release on 14 August, Diana said the Genco “demands” totalled around $36.91 per share, claiming that was a 57% premium to Genco’s “undisturbed share price” when Diana’s last offer was made. The misalignment of the two sides’ valuations hinge on differing assessments of Genco’s Net Asset Value (NAV), the value of shares in the combined Diana entity to Genco shareholders, and how dividends are treated in the deal: •Genco Net Asset Value (NAV)- Genco puts its own NAV at $27.50, which it says is based on independent third-party broker valuations and the median of five sell-side analyst estimates. Diana has Genco’s NAV at approximately $25.00 per share using asset values from VesselsValue, a method it alleges Genco itself used for five years prior to Diana’s acquisition offer being made. It also argued that Genco’s figure failed to account for the costs of selling its fleet, liquidating the company, and severance expenditures under a recently-adopted retention plan. •Diana share value to Genco shareholders- Genco has proposed its shareholders receive three Diana shares per Genco share, valuing the Diana shares at $1.00 per share. Genco said there was “considerable incremental risk to owning Diana shares” and said Diana shares would be materially lower than their current value once shareholder dilution was taken into account. Related:KCC takes delivery of wind-assisted combination carrier Baltazar A transaction at three Diana shares would enable its shareholders to participate in the combined company and provide a more meaningful premium, said Genco. Diana meanwhile said the proposal would see Genco shareholders owning around 47% of the combined company and valued its own shares at $2.54 for the offer, based on its 30-day volume-weighted average price as of June 16, 2026. Diana’s 13 August close price was $2.47. •Genco dividends- Genco wants its shareholders to retain their dividends, while Diana’s offer is adjusted for dividends. In a letter to Diana, Genco valued the dividends at more than $2.00 per share based on its projections for the third and fourth quarters. Diana has accused Genco of having no interest in constructive engagement towards an agreement, although Genco’s 14 August letter to the Diana board outlining its proposal said “We stand ready to engage further to explore whether we can find an agreement that meets the requirements outlined above and delivers full and fair value to Genco shareholders.” Semiramis Paliou, Diana’s CEO, accused the Genco board of only being interested in protecting the jobs, compensation, and power of the management team, claiming the board is misaligned with shareholder interests. The Genco board accused Diana of only being interested in acquiring Genco at below NAV. Related:Precious Shipping receives $11m Hormuz war risk payout “I want to be clear: we are not going away. Diana remains Genco’s largest shareholder, and we will continue to monitor its performance closely, raise these issues publicly, and hold the Genco Board and management team accountable for every commitment made to shareholders throughout this process, including commitments about standalone value, dividend growth, and a Comprehensive Value Strategy that they strenuously argued is superior to what Diana offered. That case will now be tested in the market,” said Paliou. Read more about: Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021