Business News

DP World Changes Leadership Responding to Pressure Over Epstein Scandal

Published Feb 13, 2026 12:01 PM by The Maritime Executive

Port and logistics powerhouse DP World reported on Friday, February 13, that it is changing its management leadership as pressure...

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Pan Ocean Moves to Expand Tanker Ops as Korea’s SK Exits Wet Tankers

Published Feb 12, 2026 8:54 PM by The Maritime Executive

The tanker market continues to consolidate as Pan Ocean reported it has agreed to pay approximately $668 million to acquire the ta...

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Norwegian Cruise Line Holdings Appoints New CEO in Continuing Shakeup

Published Feb 12, 2026 5:34 PM by The Maritime Executive

Norwegian Cruise Line Holdings, one of the largest public companies in the cruise industry, reported the sudden change of leadersh...

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Saltchuk Agrees to Buy Great Lakes Dredge & Dock in $1.5B Deal

Published Feb 11, 2026 5:23 PM by The Maritime Executive

Saltchuk Resources, which continues to build a diversified holding in marine services, freight transport, and energy distribution,...

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Investors Back Away from DP World as CEO's Links to Epstein Scandal Appear

Published Feb 11, 2026 4:21 PM by The Maritime Executive

While the shipping world seemed to be far removed from the growing U.S. scandal around convicted sex offender Jeffrey Epstein, log...

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Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager

Published Feb 9, 2026 5:56 PM by The Maritime Executive

According to a stock exchange filing, Korea’s Samsung Heavy Industries canceled the delivery of the first of two crude oil tankers...

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China's Belt and Road Initiative Boomed in 2025

Published Feb 8, 2026 10:32 PM by The Maritime Executive

[By Tom Baxter] Last year, Chinese companies’ “engagement” in 150 countries involved in the Belt and Road Initiative (BRI) reached...

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Maersk Predicts Difficult Times for Industry After a Strong Performance

Published Feb 5, 2026 7:47 PM by The Maritime Executive

Maersk, long considered a bellwether of the container shipping industry and broader global economy, presented a bleak near-term ou...

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Regent Secures a Buyer for its WIG Passenger Craft in Latin America

Published Feb 5, 2026 6:11 PM by The Maritime Executive

All-electric wing-in-ground craft company Regent Craft has sold another 10 units to a passenger plane company - this time, Synerge...

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SBI: India's Refiners Could Make Money By Switching to Venezuelan Oil

Published Feb 4, 2026 5:53 PM by The Maritime Executive

India's refiners might make out well by taking a deal with the United States to buy lots of Venezuelan oil, according to the State...

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