Business News

Why Shippers Can Renegotiate Some Long-Term Contracts But Not Others

Published Sep 23, 2022 5:58 PM by The Maritime Executive

After a year of highly profitable freight rates, the container shipping business appears to be normalizing. In the past week, the...

Read More >>

New Startup Aims to Become First Pure-Play Wind Vessel Owner in Asia

Published Sep 22, 2022 5:50 PM by The Maritime Executive

A new startup aims to become the first pure-play offshore wind vessel owner in Asia, diversifying a global market which has tradit...

Read More >>

Banks Raise Decarbonization Benchmark Standard in Poseidon Principles

Published Sep 22, 2022 4:23 PM by The Maritime Executive

The leading banks that finance the shipping industry along with the marine insurers participating in the Poseidon Principals initi...

Read More >>

Premiums Are Up, But Marine Insurers See Uncertainty Ahead

Published Sep 20, 2022 9:17 PM by The Maritime Executive

Marine insurers are welcoming an increase in average premiums, but challenges remain, including rising repair costs and the persis...

Read More >>

Clipper Sells Seatruck Ferries to Focus on Dry Cargo

Published Sep 20, 2022 2:58 PM by The Maritime Executive

Seatruck Ferries, one of the large freight carriers serving Ireland and Northern Ireland, is being sold as its parent company Denm...

Read More >>

Executive Achievement: Rajan Vasudevan, Founder & CEO, OceanManager

Published Sep 18, 2022 5:22 PM by Jack O'Connell

“Transforming Maritime Oceanwide” through digital solutions was entrepreneur Vasudevan’s ambitious vision in fou...

Read More >>

Seaspan Suspends $500M Deal for Four LNG Boxships

Published Sep 16, 2022 9:25 PM by The Maritime Executive

Canadian shipowner Seaspan Corporation has suspended a deal it signed earlier this year to build four "ultra-modern" 7,7...

Read More >>

Havila Kystruten Refinances Ships Because of Russian Sanctions

Published Sep 16, 2022 7:40 PM by The Maritime Executive

Norway’s Havila Kystruten reports it has signed term sheets with lenders for refinancing for its fleet of four cruise ships...

Read More >>

Concordia Maritime Sells Half its Remaining Fleet

Published Sep 16, 2022 5:34 PM by The Maritime Executive

Financially troubled product tanker operator Concordia Maritime announced a further sale of vessels reducing its fleet by nearly h...

Read More >>

What Can Vessel Data Do For You?

Published Sep 15, 2022 5:52 PM by Sarah Barrett and Kay Dausendschön

Arthur Conan Doyle’s Sherlock Holmes once said: “It is a capital mistake to theorize before one has data.” When...

Read More >>
More News Stories