Business News

Report: Hanwha Ocean Looks to Expand in US with Possible Second Shipbuilder

Published Jan 9, 2026 5:28 PM by The Maritime Executive

During an exclusive interview with The Wall Street Journal, an executive for Hanwha Defense said the company continues to actively...

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MSC Posts Guarantee to Release Vessel as India Pursues Compensation Claims

Published Jan 8, 2026 4:22 PM by The Maritime Executive

Eight months after the loss of the MSC Elsa 3 off the coast of India, MSC Mediterranean Shipping Company has posted a bond with th...

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Regulatory and Liability Challenges to Unlocking Nuclear Power for Maritime

Published Jan 7, 2026 11:20 AM by Jose Esteve Otegui and Federico Puente Expel, BV

2025 was a challenging year for the maritime industry’s decarbonization efforts. Reports at the beginning of the year highlighted...

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Along the U.S. Gulf Coast, Dive Contractors Predict a Busy Year

Published Jan 6, 2026 8:58 PM by Pat Zeitler

All along the newly-renamed Gulf of America, U.S. waterfront infrastructure is getting attention after decades of deferred mainten...

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Bourbon Emerges From Long Restructuring With New Private-Equity Owners

Published Jan 6, 2026 8:03 PM by The Maritime Executive

French offshore services company Bourbon has completed its financial restructuring program with the support of two new majority sh...

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Bankrupt Retailer Bed, Bath & Beyond Files Sixth FMC Complaint on Carriers

Published Jan 5, 2026 5:41 PM by The Maritime Executive

The estate of former retailer Bed, Bath & Beyond continues its efforts to blame the shipping industry and the problems moving cont...

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South Korean Shipbuilders Achieve Market Share Gains for 2025

Published Jan 5, 2026 4:42 PM by The Maritime Executive

Despite an overall challenging year in the shipbuilding sector, reports indicate that the South Korean shipbuilding industry is ex...

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NYK Plans Long-Term Preservation of Japan’s Last Surviving Ocean Liner

Published Jan 2, 2026 3:44 PM by The Maritime Executive

Planning is underway for the long-term preservation of the 95-year-old former ocean liner Hikawa Maru, which is now on permanent d...

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Mare Island Dry Dock Closes After Losing USCG Contract

Published Jan 1, 2026 5:28 PM by The Maritime Executive

California’s Mare Island Dry Dock posted a notice on its webpage on January 1 reporting that it has made the “difficult decision”...

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Japan Suspends Kawasaki Heavy Industries for Submarine Engine Data Fraud

Published Dec 29, 2025 4:19 PM by The Maritime Executive

The Japanese Ministry of Defense announced a series of steps it is taking after investigations confirmed that Kawasaki Heavy Indus...

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