Business News

Digitalization: Maritime’s Secret Weapon

Published Oct 4, 2022 6:45 PM by Paul Sells

The shipping industry is setting its sights on efficiency. Thanks to internal corporate social responsibility (CSR) initiatives an...


Russian Supply Uncertainty Triggers Price Hikes in LNG Market

Published Oct 4, 2022 5:08 PM by The Maritime Executive

Europe's uncertain winter heating season could get worse if the Kremlin decides on a complete shutdown of gas flows when the c...


Korea’s Oceans Minister Addresses Speculation for Quick Sale of HMM

Published Sep 30, 2022 2:45 PM by The Maritime Executive

Government officials in South Korea sought to address rumors that the Korea Development Bank is seeking a quick sale of national c...


MSC Follows Maersk and CMA CGM in Launching Air Cargo

Published Sep 27, 2022 3:29 PM by The Maritime Executive

Seeking to round out its services and capture a portion of the growth in expedited cargo, MSC announced it will become the latest...


Investors Increase Buyout Offer for Seaspan’s Parent Company

Published Sep 26, 2022 5:31 PM by The Maritime Executive

The investment group that includes the current Chairman of Atlas Corp. and Ocean Network Express (ONE) as an investor sought to in...


Why Shippers Can Renegotiate Some Long-Term Contracts But Not Others

Published Sep 23, 2022 5:58 PM by The Maritime Executive

After a year of highly profitable freight rates, the container shipping business appears to be normalizing. In the past week, the...


New Startup Aims to Become First Pure-Play Wind Vessel Owner in Asia

Published Sep 22, 2022 5:50 PM by The Maritime Executive

A new startup aims to become the first pure-play offshore wind vessel owner in Asia, diversifying a global market which has tradit...


Banks Raise Decarbonization Benchmark Standard in Poseidon Principles

Published Sep 22, 2022 4:23 PM by The Maritime Executive

The leading banks that finance the shipping industry along with the marine insurers participating in the Poseidon Principals initi...


Premiums Are Up, But Marine Insurers See Uncertainty Ahead

Published Sep 20, 2022 9:17 PM by The Maritime Executive

Marine insurers are welcoming an increase in average premiums, but challenges remain, including rising repair costs and the persis...


Clipper Sells Seatruck Ferries to Focus on Dry Cargo

Published Sep 20, 2022 2:58 PM by The Maritime Executive

Seatruck Ferries, one of the large freight carriers serving Ireland and Northern Ireland, is being sold as its parent company Denm...

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