Business News
Seacor is Reviewing Alternatives After Shareholders Called for Sale
Weeks after two of the company’s largest shareholders called for the immediate sale to maximize value, Seacor Marine confirmed it...
Read More >>Royal Caribbean Posts Strong Q2 Despite Fuel Costs, Geopolitical Impact
Concerns for the outlook for cruising moderated with strong stock gains after Royal Caribbean Group reported strong second quarter...
Read More >>Diana Renews Push for Genco While Permitting Tender Offer to Expire
The ongoing struggle related to Diana Shipping’s proposal for a merger with Genco Shipping & Trading continues with the back and f...
Read More >>Houthi Blockade Complicates Saudi Tanker Logistics
On July 19, Yemen’s Houthi rebel movement declared a “maritime embargo” against Saudi Arabia. The Houthis stated that the blockade...
Read More >>Marine Insurers May Ban Payments to Iran for Hormuz Transits
Getting insured for a Strait of Hormuz transit is getting more expensive, and there are more strings attached to staying insured a...
Read More >>EU Expands Shipping and Tanker Bans in 21st Russian Sanctions Package
nearly two months of negotiations, the EU Member States of the European Commission agreed to the terms of the 21st sanctions packa...
Read More >>Dubai and DP World Confirm Plans to Expand Fujairah Port to Bypass Hormuz
DP World, the government-controlled ports and logistics giant, confirmed it is pushing forward with a plan to build a new port for...
Read More >>Floating Data Centers: Uptime is the Product
Frank Genco, ABS Vice President of Strategic Account Program writes that with the right partners, data center operators will find...
Read More >>Spain’s Balenciaga Shipyard Restarts Work Under AD Ports Ownership
Six months after it was announced that SAFEEN Drydocks, part of the AP Ports Group, was acquiring the Spanish shipyard, Balenciaga...
Read More >>JPMorganChase Provides $24M to Strengthen Philadelphia’s Naval Shipbuilding
Leading U.S. investment firm JPMorganChase will provide $24 million to help strengthen Philadelphia’s shipbuilding and maritime ma...
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