Business News
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...
Read More >>Diana Gives Genco Shareholders Two More Weeks on the Tender Offer
Diana Shipping is continuing its battle to acquire Genco despite having been rebuffed by Genco’s board and losing in its attempt t...
Read More >>Kongsberg Maritime Acquires Berg Propulsion
Kongsberg Maritime is moving to strengthen its offering in marine propulsion through the acquisition of Berg Propulsion. The acqui...
Read More >>EU Parliament Votes to Block Irish Alumina Plant's Sales to Russia
The European Parliament has expressed its displeasure with an ongoing, militarily-relevant trade route between Ireland and Russia....
Read More >>U.S. Imports Expected to Set New Record Ahead of Tariffs and Cost Increases
Import levels into the United States are running at record levels as U.S. retailers and manufacturers rush to get goods into the p...
Read More >>Delfin LNG Clears Legal Hurdle as Court Dismisses Environmental Claims
The U.S. Court of Appeals for the Fifth Circuit yesterday denied a petition for review in a legal challenge to the Maritime Admini...
Read More >>Fincantieri Bets Big on Subsea Services With Four Acquisitions
Fincantieri is branching out from shipbuilding with a big bet on subsea services and technology. It has announced the acquisition...
Read More >>Evergreen's Offices Raided in Investigation into Directors' Stock Trades
The offices of Evergreen Marine and related companies, as well as the homes of several directors and their families, were searched...
Read More >>Israeli Defense Ministry Comes Out Against Sale of Zim to Hapag-Lloyd
Opposition continues to mount in Israel to the agreed sale of Zim to Hapag-Lloyd and the formation of a smaller domestic shipping...
Read More >>Investment Firm KKR Sells Ocean Yield to A.P. Moller Holding
The investment arm of the Maersk family, A.P. Moller Holding, is expanding its large portfolio of maritime investments, reporting...
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