Business News

Creditors Force DOF in Bankruptcy Whipping Out Shareholders

Published Feb 2, 2023 12:13 PM by The Maritime Executive

Creditors for the financially troubled offshore company DOF ASA requested that the Norwegian courts begin a bankruptcy proceeding...


DOF Seeks to Avoid Bankruptcy as Shareholders Call to Oust Board

Published Feb 1, 2023 2:09 PM by The Maritime Executive

Norwegian offshore services provide DOF is facing a court-ordered bankruptcy after it appears the board failed to win support from...


Carriers Report Strong Results Despite Fourth Quarter Declines

Published Jan 31, 2023 2:02 PM by The Maritime Executive

The first financial reports are emerging for the end of 2022 providing a sense of the depth of the impact the declines in volumes...


CBS's Blue Board Leadership Programme Equips Boards for New Challenges

Published Jan 31, 2023 12:25 PM by CBS Executive Fonden

  The maritime industry has always been the industry most impacted by global challenges such as geopolitical unrest, wars,...


Euronav Files Second Merger Arbitration While Expecting First Decision

Published Jan 30, 2023 6:29 PM by The Maritime Executive

The back and forth in the dispute over the failed proposal for the combination of Euronav and Frontline continues to create uncert...


DOF Puts Forward New Debt Plan Warning of Insolvency and Bankruptcy

Published Jan 30, 2023 1:18 PM by The Maritime Executive

The new board of directors of Norwegian offshore operator DOF is back with a new proposal to refinance the company and lower its d...


Euronav Standoff as Fredriksen Increases Shareholding to Equal Saverys

Published Jan 27, 2023 1:56 PM by The Maritime Executive

The battle lines continue to be drawn over the future of tanker company Euronav with Norwegian investor John Fredriksen and the Be...


MSC and Maersk Agree to Terminate 2M Alliance in 2025

Published Jan 25, 2023 1:00 PM by The Maritime Executive

MSC Mediterranean Shipping Company (MSC) and Maersk have agreed to terminate their eight-year alliance known as 2M when it comes u...


In The Know Podcast 47: Paul Sells, President and CEO, ABS Wavesight

Published Jan 19, 2023 7:10 PM by The Maritime Executive

In the latest edition of the In The Know podcast series, The Maritime Executive spoke with Paul Sells, President and CEO of ABS Wa...


Matson Predicts a Slowdown in Transpacific Trade Through Mid-2023

Published Jan 19, 2023 6:39 PM by The Maritime Executive

Confirming the downward trend in the container freight market, Jones Act ocean carrier Matson announced Wednesday that it is seein...

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