Business News

UK Logistics Company Goes with Americans Over Bid from CMA CGM’s CEVA

Published Mar 1, 2024 12:09 PM by The Maritime Executive

The board of directors of UK-based Wincanton withdrew its support for a takeover offer from CMA CGM’s CEVA Logistics switchi...

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CMA CGM Completes Bolloré Acquisition, While Outbid in UK for Wincanton

Published Feb 29, 2024 6:24 PM by The Maritime Executive

  CMA CGM Group is moving forward with its strategy of expanding its logistics operations, reporting today it completed th...

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Tanker Prices Are Soaring, and Shipyards Stand to Benefit

Published Feb 28, 2024 9:17 PM by The Maritime Executive

  Disrupted trade patterns, tight shipyard availability and a dearth of new deliveries are all driving up prices for crude...

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Heavy Lift Alliance Gets Bigger With Addition of Intermarine

Published Feb 28, 2024 8:28 PM by The Maritime Executive

  Three years ago, heavy lift operators Jumbo and SAL lifted a page from the liner sector and entered into an alliance agr...

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Activist Investor Sues CMB Over “Misleading Information” in Euronav Offer

Published Feb 27, 2024 4:10 PM by The Maritime Executive

An activist investor group filed a complaint in the United States District Court for the Southern District of New York in connecti...

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CMA CGM is in Bidding War for UK Logistics Company Wincanton

Published Feb 27, 2024 8:54 AM by The Maritime Executive

CMA CGM is entering a bidding war as the group looks to expand its logistics operations with the acquisition of UK-based Wincanton...

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Up to Four Subsea Cables Have Been Damaged Off Yemen

Published Feb 26, 2024 10:16 PM by The Maritime Executive

Just weeks after a warning about potential Houthi threats to subsea cables in the Red Sea, at least one fiber-optic line has been...

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Energy Trader Convicted of Bribing Officials in a Developing Nation

Published Feb 26, 2024 7:02 PM by The Maritime Executive

A U.S. federal jury has convicted a former Vitol trader of bribery and money laundering in connection with a sprawling scheme to s...

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Seatrium Reaches Settlement in Brazil in Decade-Old Corruption Case

Published Feb 26, 2024 1:53 PM by The Maritime Executive

Singapore-based Seatrium, a shipyard and marine engineering operator, has reached terms with the authorities in Brazil to settle a...

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Super Fuel Storage Solution for Methanol Reaches the Mainstream

Published Feb 26, 2024 12:29 PM by Alex Vainokivi

  Methanol overtook its rivals as shipping’s preferred decarbonization route for new ships ordered in 2023, but a &l...

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