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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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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