Business News

Louisiana Supply Boat Entrepreneur Abraham Ton Passes at 93

Published Nov 8, 2024 12:54 PM by The Maritime Executive

  Abraham Ton, a beloved husband, father, and businessman, passed away peacefully on September 30, 2024 at the age of 93....

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American Retailers: Tariff Hikes Would Raise Prices, Reduce Import Volume

Published Nov 6, 2024 9:42 PM by The Maritime Executive

  The tariffs that President-elect Donald Trump has proposed to enact on imports could raise retail costs on basics like a...

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Terminal Trouble: Is the EU Building Too Many Regasification Terminals?

Published Nov 6, 2024 4:56 PM by Erik Kravets

  When was the last time you made a great decision in the middle of a panic? In February 2022, Russia invaded Ukraine....

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Trump's Win Boosts Oil Stocks, But Offshore Wind and Ocean Freight Tumble

Published Nov 6, 2024 12:08 PM by The Maritime Executive

  The decisive electoral victory of future President Donald Trump has sent energy stocks soaring, while the initial invest...

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Former Siem Offshore Sees Growth Ordering New Vessels From COSCO

Published Nov 4, 2024 8:00 PM by The Maritime Executive

  The former Siem Offshore reformulated as Sea1 Offshore after the departure of founder and former chairman Kristian Siem...

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DFDS and Ekol Trade Barbs as Acquisition Unravels

Published Nov 4, 2024 5:11 PM by The Maritime Executive

  DFDS' plans to acquire Turkish freight company Ekol Logistics have fallen apart in a public and acrimonious feud, wi...

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Hydrofoiling Electric Ferry Enters Service in Stockholm

Published Nov 3, 2024 11:06 PM by The Maritime Executive

  Last week, Swedish startup Candela announced that its hydrofoil electric ferry Nova has begun operations. The...

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LR Awards First-of-a-Kind Antifouling Type Approval to GIT Coatings

Published Nov 2, 2024 5:06 PM by The Maritime Executive

  [By Lloyd's Register] Lloyd’s Register (LR) has awarded the maritime industry’s first Enhanced Antifo...

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Maersk Highlights Strength in Volumes and Rates in Volatile Markets

Published Oct 31, 2024 5:07 PM by The Maritime Executive

  Maersk reported third quarter results today emphasizing strong business performance across all its operations while high...

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Broker Hit With $380,000 Penalty for Missed Email

Published Oct 30, 2024 11:49 PM by The Maritime Executive

A shipbroker recently had to settle a negligence claim for $380,000 after failing to tell a charterer about a navigation restricti...

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