Business News

X-Press Feeders Appeals for Rational Decision on 2021 Casualty Compensation

Published Aug 15, 2025 1:53 PM by The Maritime Executive

X-Press Feeders, the operator of the containership X-Press Pearl, lost off Sri Lanka after a container fire in 2021, has issued...

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Report: HMM Looks to Accelerate Diversification into Bulkers

Published Aug 14, 2025 6:05 PM by The Maritime Executive

  South Korean carrier HMM is reportedly looking to accelerate its diversification into dry bulk carriers in response to t...

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Karpowership Keeps Expansion Going in New Partnership With Seatrium

Published Aug 14, 2025 5:07 PM by The Maritime Executive

  Karpowership, the Turkish operator of floating powerplants, is continuing its expansion program with an agreement with S...

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Hapag-Lloyd Cites Changes in Trade Policies in Reporting Lower Profits

Published Aug 14, 2025 3:19 PM by The Maritime Executive

  The container shipping industry’s fifth-largest carrier, Hapag-Lloyd, called its first half of the year results &l...

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The Forced Uyghur Labor Behind China's Fish Exports

Published Aug 11, 2025 9:31 PM by Marcella Boehler

  On a cloudy morning in April 2023, more than eighty men and women, dressed in matching red windbreakers, stood in orderl...

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Thyssenkrupp Spins Off Submarine Builder TKMS

Published Aug 10, 2025 8:58 PM by The Maritime Executive

  After start-and-stop attempts to find a buyer for naval shipbuilding division TKMS, German industrial conglomerate Thyss...

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Maersk Surprises with Improved Outlook Despite Volatile Environmenment

Published Aug 7, 2025 6:13 PM by The Maritime Executive

Maersk, the largest publicly-traded shipping and logistics company and long considered a bellwether for the global economy, surp...

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Marcura Buys Brightwell Navigator, Consolidating Crew Payment Sector

Published Aug 7, 2025 5:23 PM by The Maritime Executive

  Maritime operations tech company Marcura has acquired Brightwell Navigator, the crew payroll services unit of the Atlant...

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CEO Behind $29M Hawaiian Shipbuilding Fraud Sentenced to 13 Years in Jail

Published Aug 6, 2025 6:44 PM by The Maritime Executive

The U.S. Department of Justice reports that the long-running fraud case involving a tour boat known as the Semisub has finally c...

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DNV and Wilhelmsen Launch Independent Maritime Software Company

Published Aug 6, 2025 6:35 PM by The Maritime Executive

DNV is launching a new independent maritime software company with stand-alone management designed to focus on the changes within...

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