Business News

First-of-its-Kind, Jones Act Cable Lay Barge Operated by Nexans and Crowley

Published Jul 31, 2025 7:14 PM by The Maritime Executive

The growth of the U.S. offshore wind energy, telecommunications, and other sectors continues to contribute to the growth of U.S....

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Seatrium to Pay Fines to End Decade-Old Corruption Investigation in Brazil

Published Jul 30, 2025 7:17 PM by The Maritime Executive

  Singapore-based Seatrium reports it has concluded a series of agreements related to a 2015 corruption case involving its...

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Royal Caribbean Reports Strong Results, But Investors See Concerns

Published Jul 29, 2025 8:06 PM by The Maritime Executive

As another demonstration of the booming cruise industry, Royal Caribbean Group reported what appeared to be strong results and a...

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MSC Aims to Deepen Relationship with China Despite Looming U.S. Fees

Published Jul 29, 2025 4:31 PM by The Maritime Executive

  MSC Mediterranean Shipping Company is expanding its relationship with China on multiple fronts as the company continues...

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Drew Marine Launches Comprehensive Newbuild Program

Published Jul 28, 2025 5:23 PM by Drew Marine

Drew Marine is proud to introduce its newly launched New Build Program, a purpose-built initiative backed by a specialized team...

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Amid Global Uncertainty, Cyprus Rises as a Shipping Industry Favorite

Published Jul 28, 2025 5:12 PM by Leandros Papaphilippou

  In a world where shipping lanes are increasingly shaped by politics as much as trade, the question of where a vessel is...

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Saipem and Subsea 7 Agree to Merger Terms to Form Offshore Giant 

Published Jul 24, 2025 7:29 PM by The Maritime Executive

Saipem and Subsea 7 announced terms for their previously proposed merger to create a giant in the offshore services sector, supp...

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Sri Lanka Orders $1B in Compensation for Damages from Loss of X-Press Pearl

Published Jul 24, 2025 1:40 PM by The Maritime Executive

  The Supreme Court of Sri Lanka issued a sweeping condemnation of the events surrounding the fire aboard the containershi...

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Singapore Now Has Drones Delivering Bunker Samples

Published Jul 23, 2025 10:27 PM by The Maritime Executive

  Skyports, the world's leading drone service company, has been expanding its footprint in Singapore's busy harbor...

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Brookfield Sells Stake in PD Ports to Billionaire Founder of Spain’s Zara

Published Jul 23, 2025 6:30 PM by The Maritime Executive

Canadian investment manager Brookfield Asset Management has agreed to sell a 49 percent stake in the ownership of UK ports and l...

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