Business News

Keppel Seeks to Monetize Legacy Rigs as Offshore Energy Sector Rebounds

Published Nov 19, 2024 5:10 PM by The Maritime Executive

  Opportunities are emerging in the offshore energy sector as the market improves prompting Singapore-based Keppel to anno...

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Singaporean Bunker Magnate OK Lim Sentenced to 17 Years for Fraud

Published Nov 18, 2024 4:41 PM by The Maritime Executive

  Singaporean bunker trading tycoon OK Lim has been sentenced to more than 17 years in prison for his role in an accountin...

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Italy Launches Antitrust Investigation into MSC Investment in Moby

Published Nov 18, 2024 4:18 PM by The Maritime Executive

Italy’s Competition and Market Authority revealed today that it has launched an investigation into the investment by MSC M...

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Crude Behavior: What Are Oil Prices Telling Us?

Published Nov 17, 2024 3:44 PM by G. Allen Brooks

  In the eight weeks from early August to mid-September, America's benchmark oil price (West Texas Intermediate) fell...

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Norway’s Maritime Hydrogen Fuel Cell Pioneer Teco 2030 Faces Bankruptcy

Published Nov 15, 2024 2:27 PM by The Maritime Executive

  In a still-evolving financial situation, hydrogen fuel cell pioneer Teco 2030 Is facing a financial collapse after a ban...

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Cargo Handling Specialist MacGregor Sold to Private Equity Firm

Published Nov 14, 2024 8:09 PM by The Maritime Executive

  A well-known leader in maritime cargo and load handling, MacGregor is being sold to funds managed by Triton, a European...

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Malaysia’s MISC and Armada Explore Merger to Form Floating Production Giant

Published Nov 14, 2024 8:08 PM by The Maritime Executive

Two of Malaysia’s leading offshore energy and shipping companies announced today, November 14, in a stock exchange that th...

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Report: Shipping Execs Believe They Are Ready for Cyberattacks

Published Nov 13, 2024 10:40 PM by The Maritime Executive

  Many maritime professionals may have an overoptimistic view of cybersecurity readiness, according to a new study by...

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Kpler Acquires Spire Maritime to Enhance Maritime Data and Analytics

Published Nov 13, 2024 1:46 PM by The Maritime Executive

  Kpler, a data and analytics platform, is continuing its efforts to consolidate AIS maritime data analytics by acquiring...

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Louisiana Supply Boat Entrepreneur Abraham Ton Passes at 93

Published Nov 8, 2024 12:54 PM by The Maritime Executive

  Abraham Ton, a beloved husband, father, and businessman, passed away peacefully on September 30, 2024 at the age of 93....

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