Business News

Did the Bouchard Tug and Barge Auction Achieve the Right Prices?

Published Jul 30, 2021 5:02 PM by Basil Karatzas

After several years of legal wrangling in bankruptcy court, most of the marine assets of Bouchard Transportation were sold at...

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Seaspan Raises $750M in "Blue" Bonds After Giant LNG-Boxship Orders

Published Jul 15, 2021 3:47 PM by The Maritime Executive

The non-operating container ship owner Seaspan Corporation announced Wednesday that it has raised $750 million in "blue"...

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Caterpillar Exits Production of Medium-Speed Engines

Published Jul 14, 2021 5:25 PM by The Maritime Executive

American engine-builder Caterpillar has decided to phase out production of its medium-speed diesel engines, the company confirmed...

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John McDonald Takes the Helm as Chief Operating Officer at ABS

Published Jul 6, 2021 11:45 AM by The Maritime Executive

Longtime ABS executive John McDonald will become the company's Executive Vice President and COO at the end of this month, taki...

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DP World Expands Again With Purchase of Logistics Firm Syncreon

Published Jul 5, 2021 3:03 PM by The Maritime Executive

DP World has advanced its ambition to dominate logistics with the acquisition of US firm Syncreon. Syncreon is a global logisti...

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OSG Begins Strategic Review After Receiving Buyout Proposal

Published Jul 5, 2021 1:29 PM by The Maritime Executive

Overseas Shipping Group (OSG) announced that the company is launching a strategic review in response to an unsolicited takeover pr...

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Hendrik Bruhns Takes the Helm at HEC

Published Jul 2, 2021 3:07 PM by The Maritime Executive

U.S.-based maritime consultancy Herbert Engineering Corp. (HEC ) has appointed longtime executive Hendrik Bruhns as its new presid...

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Lloyd’s Focuses on Maritime, Selling its Business Assurance Division

Published Jun 29, 2021 2:36 PM by The Maritime Executive

In a move designed to further focus its operations on the maritime sector, Lloyd’s Register announced the sale of its busine...

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Keppel O&M and Sembcorp Marine Discuss Merger

Published Jun 24, 2021 2:15 PM by The Maritime Executive

In response to the dramatic changes in the global offshore and marine engineering and energy sectors, Keppel Corporation and Sembc...

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Bouchard Transportation Seeks Buyer or Lay-offs Will Begin in July

Published Jun 11, 2021 8:25 PM by The Maritime Executive

Family-owned oil barge transport company Bouchard Transportation Company, headquartered on Long Island, informed regulators and it...

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