Business News

UK Logistics Company Goes with Americans Over Bid from CMA CGM’s CEVA

Published Mar 1, 2024 12:09 PM by The Maritime Executive

The board of directors of UK-based Wincanton withdrew its support for a takeover offer from CMA CGM’s CEVA Logistics switchi...


CMA CGM Completes Bolloré Acquisition, While Outbid in UK for Wincanton

Published Feb 29, 2024 6:24 PM by The Maritime Executive

  CMA CGM Group is moving forward with its strategy of expanding its logistics operations, reporting today it completed th...


Tanker Prices Are Soaring, and Shipyards Stand to Benefit

Published Feb 28, 2024 9:17 PM by The Maritime Executive

  Disrupted trade patterns, tight shipyard availability and a dearth of new deliveries are all driving up prices for crude...


Heavy Lift Alliance Gets Bigger With Addition of Intermarine

Published Feb 28, 2024 8:28 PM by The Maritime Executive

  Three years ago, heavy lift operators Jumbo and SAL lifted a page from the liner sector and entered into an alliance agr...


Activist Investor Sues CMB Over “Misleading Information” in Euronav Offer

Published Feb 27, 2024 4:10 PM by The Maritime Executive

An activist investor group filed a complaint in the United States District Court for the Southern District of New York in connecti...


CMA CGM is in Bidding War for UK Logistics Company Wincanton

Published Feb 27, 2024 8:54 AM by The Maritime Executive

CMA CGM is entering a bidding war as the group looks to expand its logistics operations with the acquisition of UK-based Wincanton...


Up to Four Subsea Cables Have Been Damaged Off Yemen

Published Feb 26, 2024 10:16 PM by The Maritime Executive

Just weeks after a warning about potential Houthi threats to subsea cables in the Red Sea, at least one fiber-optic line has been...


Energy Trader Convicted of Bribing Officials in a Developing Nation

Published Feb 26, 2024 7:02 PM by The Maritime Executive

A U.S. federal jury has convicted a former Vitol trader of bribery and money laundering in connection with a sprawling scheme to s...


Seatrium Reaches Settlement in Brazil in Decade-Old Corruption Case

Published Feb 26, 2024 1:53 PM by The Maritime Executive

Singapore-based Seatrium, a shipyard and marine engineering operator, has reached terms with the authorities in Brazil to settle a...


Super Fuel Storage Solution for Methanol Reaches the Mainstream

Published Feb 26, 2024 12:29 PM by Alex Vainokivi

  Methanol overtook its rivals as shipping’s preferred decarbonization route for new ships ordered in 2023, but a &l...

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