Business News

Genting Hong Kong Files Bankruptcy to Prevent "Disorderly Liquidation"

Published Jan 18, 2022 8:48 PM by The Maritime Executive

Genting Hong Kong filed today for the provisional liquidation on the company after reporting that it had exhausted its negotiation...


Genting Faces Potential Default as German Court Refuses Injunction

Published Jan 17, 2022 5:39 PM by The Maritime Executive

Genting Hong Kong’s effort to compel the German state to release funds under an emergency loan for the MV Werften was blocke...


Italy’s Moby Files U.S. Bankruptcy in Ongoing Reorganization Battle 

Published Jan 17, 2022 3:31 PM by The Maritime Executive

Italian ferry operator Moby S.p.A. filed for bankruptcy in a U.S. Court on January 14 as the latest step in a drawn-out reorganiza...


Maersk Reports 2021 Earnings Will Exceed Forecasts by $1 to $2 Billion

Published Jan 14, 2022 2:09 PM by The Maritime Executive

Providing further evidence of the exceptional market conditions for the container shipping industry, A.P. Moller- Maersk reported...


Investors Acquire UK's North Star for Opportunities in Offshore Wind

Published Jan 13, 2022 7:01 PM by The Maritime Executive

Seeking to invest in the emerging opportunities in the offshore wind energy sector, Swiss-based private markets firm Partners Grou...


Wilhelmsen Returns to Tankers With Purchase of Ahrenkiel

Published Jan 12, 2022 2:40 PM by The Maritime Executive

After a decade-long absence from the tanker segment, Wilhelmsen Ship Management has purchased a controlling stake in Ahrenkie...


SM Line Invests $14 Million in HMM Ahead of Possible Government Sale

Published Jan 4, 2022 4:41 PM by The Maritime Executive

As South Korea explores the privatization of parts of its shipping industry in 2022, emerging shipping line SM Line is quietly pos...


Suez Canal Authority Reports Record $6.3B in Revenues in 2021

Published Jan 3, 2022 6:12 PM by The Maritime Executive

The Suez Canal Authority reported record results for the number of transits of ships and revenues in 2021 saying that the operatio...


Evergreen Hands Out Huge Bonuses for Record-Setting Year

Published Dec 31, 2021 8:27 PM by The Maritime Executive

Evergreen Marine Corp (EMC), the Taiwanese ocean carrier, is reportedly handing out generous annual bonuses after a great year for...


Singaporean Liftboat Owner Ezion Winds Up Operations

Published Dec 30, 2021 10:44 PM by The Maritime Executive

Offshore services company Ezion Holdings, owner of pioneering liftboat firm Teras Offshore, said Thursday that it plans to wind up...

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