Business News
US Investors Top Hanwha’s Bid for Austal USA
The stage is being set for a potential bidding war for the U.S. operations of Austal as an American investment firm stepped out of...
Read More >>Russia’s Arctic LNG 2 Files $1B Arbitration Claim for Canceled DSME Tankers
Disputes continue to mount related to the project for South Korean shipbuilders to build Russian LNG tankers supporting Russia’s A...
Read More >>HMM Continues Diversification with $3.5B Ore Deal with Vale
HMM is continuing its efforts to diversify its shipping operations, with a focus on growing its bulk shipping segment to provide m...
Read More >>Samsung Files $186M Claim Against CMA CGM Over "Unlawful" Charges
Consumer goods giant Samsung Electronics has filed a $186 million claim against CMA CGM over allegedly excessive charges during th...
Read More >>Potential U.S. Bidder Emerges to Challenge Hanwha for Austal USA
Australia-based Austal confirmed in a brief stock exchange statement on Monday, September 7, that it has had initial, preliminary...
Read More >>Hapag-Lloyd Gets Extension to Address Concerns and Rework Bid for Zim
Hapag-Lloyd has received a 30-day extension from the Israeli authorities to rework its proposed acquisition of Zim, with a new pro...
Read More >>Ill Wind or Tailwind? AI is Sweeping the Maritime World
The winds of the digital age and artificial intelligence seem like a tempest for the marine industry. For those who are prepared a...
Read More >>Container Fleet Smashes 34M TEU Record as Fleet Growth Accelerates
Growth in the container segment of the shipping industry has been making headlines for a long time, but it just smashed through a...
Read More >>Your Papers, Please - The Shadow Fleet Comes Out of Hiding
What about the Phoenix? Or should I call her the Pacific Apollo, Virgo Sun, P. Fos, Odysseus, Varuna, Kiwala, Pushpa or Boracay? S...
Read More >>Illnesses Are Causing More Seafarer Fatalities Than Accidents Says P&I Club
A new report analyzing the cause of seafarers' fatalities highlights that illness, and specifically cardiovascular disease, is cit...
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