Business News
Norwegian Cruise Admits Misstep as it Issues Disappointing Outlook
Norwegian Cruise Line Holdings reported its fourth quarter and year-end financial results, and while it met or exceeded expectatio...
Read More >>Algoma Central Buys Mainstay Maritime’s Canadian Great Lakes Shipping
Canada’s Algoma Central, already one of the largest dry and liquid bulk carriers for the Great Lakes-St. Lawrence region, has agre...
Read More >>Case Study: Satcom Giant Inmarsat
The maritime industry is a conservative business. It tends to favor the established option over the innovative solution. Inmarsat...
Read More >>Chinese Cruise Ship Arrested After Line Suspends Service
China’s domestic cruise market continues to go through an evolution as it seeks to expand, but it also faces challenges tied to po...
Read More >>Greece’s Capital Group Plans Launch of Large, Pure-Play Tanker Company
After starting a large bet on the crude oil tanker segment, Greek shipping tycoon Evangelos Marinakis’ Capital Group is pursuing t...
Read More >>ONE Sets Management Transition with Founder CEO Jeremy Nixon Stepping Down
Ocean Network Express (ONE) announced what it is calling a “planned leadership transition,” which will see founding CEO Jeremy Nix...
Read More >>Zim Employees Return to Work as Union Reports Tentative Agreements
The union representing Zim’s Israeli workers has reportedly reached terms on a tentative agreement regarding employment, severance...
Read More >>Seatrium Consolidating Business by Divesting Non-Core Assets
Singapore-based Seatrium is highlighting a series of recent transaction agreements, all designed to consolidate its business and p...
Read More >>Tidewater to Expand in Brazil with Acquisition of OSVs from Wilson Sons
Tidewater is making a major move to expand its presence in the Brazilian offshore oil and gas market while highlighting the strong...
Read More >>Zim's Union Makes Push to Block Hapag-Lloyd's Buyout Offer
As the architects of the Hapag-Lloyd-Zim merger make their case to the Israeli government, Zim's union is making every effort to b...
Read More >>