Business News
Dali’s Operator Responds to DOJ as $2.25B Maryland Settlement is Finalized
Synergy Marine Group, the operators of the containership Dali that destroyed the bridge in Baltimore in 2024, is responding to new...
Read More >>U.S. Indicts Operator and Supervisor of Dali on Multiple Criminal Charges
The operator of the containership Dali, which destroyed Baltimore’s Francis Scott Key Bridge in March 2024, along with one of the...
Read More >>Vroon is the Latest to Exit Livestock Export by Selling Carrier Business
Vroon Holding, which billed itself as the largest provider of premium livestock tonnage, is the latest operator to exit the segmen...
Read More >>Pretrial Hearing Sets the Stage for Dali Trial to Begin June 1
More than two years after the containership Dali hit Baltimore’s Francis Scott Key Bridge, destroying the roadway, killing six peo...
Read More >>Falling Freight Rates Drive Maersk to Q1 Loss in Shipping Segment
Maersk gave a preview of the pressures the container shipping sector experienced in the first quarter, reporting that it swung to...
Read More >>Last-Minute Offer Adds a Twist to Hapag-Lloyd's Acquisition of Zim
A competing bid is the latest twist in the saga of Hapag-Lloyd's planned takeover of Israeli shipping line Zim - even though Zim's...
Read More >>New Zealand Fines Ferry Operator for Grounding and Lack of Crew Training
New Zealand has ordered inter-island RoRo ferry operator KiwiRail to pay a fine of NZ$400,000 ($234,671) after it was found culpab...
Read More >>OOCL Seeks to Overturn $45M Award Alleging FMC Process is Unconstitutional
Lawyers for Orient Overseas Container Line filed suit in U.S. District Court on May 5, challenging the Federal Maritime Commission...
Read More >>Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht
Gossip column Page Six has obtained confirmation that Amazon founder Jeff Bezos is selling is megayacht, the $500 million sailing...
Read More >>Diana Shipping Increases Pressure on Genco With Unsolicited Tender Offer
The now long-running takeover battle designed to reshape the dry bulk segment took a new turn as Diana Shipping announced it has o...
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