Business News

COACH Solutions and Veson Nautical Form New Product Partnership

Published Jan 28, 2022 3:42 PM by The Maritime Executive

[By: Kongsberg Digital] Vessel Performance and Optimized Weather Routing experts COACH Solutions and Veson Nautical, the global...

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Dream Cruises Files for Liquidation After Defaulting on Debt

Published Jan 28, 2022 1:53 PM by The Maritime Executive

Dream Cruises filed a so-called winding up petition with the courts in Bermuda on January 27, making it the latest part of Genting...

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CEO of Top Chemical-Tanker Firm Stolt-Nielsen Plans to Step Down

Published Jan 26, 2022 7:00 PM by The Maritime Executive

Niels G. Stolt-Nielsen, the chief executive officer of the firm that bears his name, has announced his plans to step down from his...

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Drewry: Moderating Growth Will Still Give Lines $200B Profit for 2022

Published Jan 25, 2022 4:57 PM by The Maritime Executive

The world’s container carriers smashed records in 2021 leading to reports of dramatic profit increases and while the growth...

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Genting Executives Resign as Cruise Lines Suspend Operations

Published Jan 24, 2022 3:58 PM by The Maritime Executive

Genting Hong Kong confirmed that its billionaire founder and CEO, along with the President of the company, resigned after the...

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Genting Hong Kong Files Bankruptcy to Prevent "Disorderly Liquidation"

Published Jan 18, 2022 8:48 PM by The Maritime Executive

Genting Hong Kong filed today for the provisional liquidation on the company after reporting that it had exhausted its negotiation...

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Genting Faces Potential Default as German Court Refuses Injunction

Published Jan 17, 2022 5:39 PM by The Maritime Executive

Genting Hong Kong’s effort to compel the German state to release funds under an emergency loan for the MV Werften was blocke...

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Italy’s Moby Files U.S. Bankruptcy in Ongoing Reorganization Battle 

Published Jan 17, 2022 3:31 PM by The Maritime Executive

Italian ferry operator Moby S.p.A. filed for bankruptcy in a U.S. Court on January 14 as the latest step in a drawn-out reorganiza...

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Maersk Reports 2021 Earnings Will Exceed Forecasts by $1 to $2 Billion

Published Jan 14, 2022 2:09 PM by The Maritime Executive

Providing further evidence of the exceptional market conditions for the container shipping industry, A.P. Moller- Maersk reported...

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Investors Acquire UK's North Star for Opportunities in Offshore Wind

Published Jan 13, 2022 7:01 PM by The Maritime Executive

Seeking to invest in the emerging opportunities in the offshore wind energy sector, Swiss-based private markets firm Partners Grou...

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