Business News
Keppel Seeks to Monetize Legacy Rigs as Offshore Energy Sector Rebounds
Opportunities are emerging in the offshore energy sector as the market improves prompting Singapore-based Keppel to anno...
Read More >>Singaporean Bunker Magnate OK Lim Sentenced to 17 Years for Fraud
Singaporean bunker trading tycoon OK Lim has been sentenced to more than 17 years in prison for his role in an accountin...
Read More >>Italy Launches Antitrust Investigation into MSC Investment in Moby
Italy’s Competition and Market Authority revealed today that it has launched an investigation into the investment by MSC M...
Read More >>Crude Behavior: What Are Oil Prices Telling Us?
In the eight weeks from early August to mid-September, America's benchmark oil price (West Texas Intermediate) fell...
Read More >>Norway’s Maritime Hydrogen Fuel Cell Pioneer Teco 2030 Faces Bankruptcy
In a still-evolving financial situation, hydrogen fuel cell pioneer Teco 2030 Is facing a financial collapse after a ban...
Read More >>Cargo Handling Specialist MacGregor Sold to Private Equity Firm
A well-known leader in maritime cargo and load handling, MacGregor is being sold to funds managed by Triton, a European...
Read More >>Malaysia’s MISC and Armada Explore Merger to Form Floating Production Giant
Two of Malaysia’s leading offshore energy and shipping companies announced today, November 14, in a stock exchange that th...
Read More >>Report: Shipping Execs Believe They Are Ready for Cyberattacks
Many maritime professionals may have an overoptimistic view of cybersecurity readiness, according to a new study by...
Read More >>Kpler Acquires Spire Maritime to Enhance Maritime Data and Analytics
Kpler, a data and analytics platform, is continuing its efforts to consolidate AIS maritime data analytics by acquiring...
Read More >>Louisiana Supply Boat Entrepreneur Abraham Ton Passes at 93
Abraham Ton, a beloved husband, father, and businessman, passed away peacefully on September 30, 2024 at the age of 93....
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