Maritime News - VesselAPI

security March 9, 2026

Sweden Detains Russian Ship Caffa for Alleged Grain Theft

Swedish authorities have seized the cargo ship Caffa and detained a crewmember near Trelleborg, amid suspicions of the vessel being stateless and involved in transporting stolen Ukrainian grain, as reported by Splash247. The operation involved armed police boarding the ship from a helicopter and a high-speed boat.

Caffa (cargo) Trelleborg (SE)

Splash247

Seatrade Maritime

operations March 9, 2026

Legal Implications of Strait of Hormuz Crisis on Shipowners

Seatrade Maritime examines the legal challenges faced by shipowners with vessels stranded in the Gulf amid the Strait of Hormuz crisis, questioning who bears the financial responsibility and whether charter performance can be refused due to risks to the vessel and crew.

Seatrade Maritime

Splash247

market March 9, 2026

Africa's Container Lanes Lead Global Growth

Africa is emerging as a significant player in the global liner market, with its container lanes showing the highest growth rates, according to data from Container Trade Statistics reported by Splash247. The trend observed last year continues to gain momentum, highlighting Africa's increasing influence on global trade routes.

Splash247

fleet March 9, 2026

Tanker Fleet Faces Ageing Challenge Amid Newbuild Surge

As reported by Splash247, the tanker industry is experiencing a surge in newbuild contracts across Asian shipyards, particularly for VLCCs. Despite this, more than half of the tanker fleet (51%) is now over 15 years old, according to broker Hartland.

Splash247

Seatrade Maritime

market March 9, 2026

Star Bulk Joins Diana in Genco Takeover Battle

Seatrade Maritime reports that Star Bulk has entered the acquisition race for Genco, alongside Diana Shipping. This development marks a significant move in the ongoing consolidation within the dry bulk shipping sector.

Seatrade Maritime

market March 9, 2026

Oil Prices Surge Amid Stranded Tankers and Rising Rates

Seatrade Maritime reports that oil prices have surged past $100 per barrel, driven by geopolitical tensions in Iran and record-breaking tanker rates, with VLCCs earning over $700,000 per day. Qatar's Energy Minister suggests prices could reach $150 if the conflict persists, though the high rates may be short-lived.

Seatrade Maritime

Splash247

technology March 8, 2026

Evaluating Maritime Tech Amidst Digital Renaissance

Splash247 highlights the maritime industry's digital transformation, emphasizing the challenge of navigating an overwhelming array of technological options. The article, part of Maritime CEO’s guide, discusses how to discern genuinely valuable innovations amidst the hype.

Splash247

fleet March 8, 2026

Diana and Star Bulk Increase Bid for Genco Takeover

Diana Shipping has intensified its efforts to acquire Genco Shipping & Trading by raising its all-cash offer, with Star Bulk Carriers joining as a significant partner, as reported by Splash247. The New York-listed owner has increased its bid to $23.50 per share.

Splash247

fleet March 8, 2026

Arcadia Shipmanagement Orders Two Suezmax Tankers from HD Hyundai Samho

Arcadia Shipmanagement, a Greek tanker owner, has been identified as the buyer of two suezmax tankers from South Korea's HD Hyundai Samho, each costing approximately $89 million, with deliveries slated for March and May 2029, as reported by Splash247.

Splash247

fleet March 8, 2026

Uni-Asia Group Orders First Newbuild in Over a Decade

Uni-Asia Group, a Singapore-listed bulker specialist, has signed a contract with Nihon Shipyard for a 40,000 dwt handysize unit, marking its first newbuilding order in more than ten years, as reported by Splash247. The vessel is set for delivery in the second half of 2028.

Splash247

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