Business News

Investors Acquire Hurtigruten to Recapitalize Cruise and Coastal Businesses

Published Nov 29, 2024 1:36 PM by The Maritime Executive

  Hurtigruten Group which is one of the longest-surviving Norwegian shipping companies reports it has reached an agreement...

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Former New Zealand Port CEO Guilty in Relation to Dockworker’s Death

Published Nov 26, 2024 8:21 PM by The Maritime Executive

A judge in New Zealand announced the verdict in a first-of-its-kind case that sought to hold a senior executive responsible in t...

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Shareholders Sell 1.5M More Shares in Revised CMB.TECH (Euronav) Tender

Published Nov 22, 2024 7:03 PM by The Maritime Executive

  The revised tender period related to the offer to acquire EURONAV (now known as CMB.TECH) closed yesterday, November 21...

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New Leadership to Guide INTERTANKO Tanker Trade Group in 2025

Published Nov 22, 2024 6:31 PM by The Maritime Executive

  INTERTANKO, the International Association of Independent Tanker Owners, had an eventful Council of Members meeting this...

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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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