Business News

Edda Wind has Potential Agreements to Sell Fleet of Wind Service Vessels

Published Mar 4, 2026 5:35 PM by The Maritime Executive

Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has entered into a...

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British Marine Insurer Beazley Purchased by Zurich for $11 Billion

Published Mar 3, 2026 9:13 PM by The Maritime Executive

British insurer Beazley has been purchased by Swiss insurance conglomerate Zurich for $10.8 billion, a small boost over an earlier...

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Norwegian Cruise Admits Misstep as it Issues Disappointing Outlook

Published Mar 2, 2026 7:58 PM by The Maritime Executive

Norwegian Cruise Line Holdings reported its fourth quarter and year-end financial results, and while it met or exceeded expectatio...

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Algoma Central Buys Mainstay Maritime’s Canadian Great Lakes Shipping

Published Feb 27, 2026 7:53 PM by The Maritime Executive

Canada’s Algoma Central, already one of the largest dry and liquid bulk carriers for the Great Lakes-St. Lawrence region, has agre...

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Case Study: Satcom Giant Inmarsat

Published Feb 25, 2026 9:18 PM by Paul Benecki

The maritime industry is a conservative business. It tends to favor the established option over the innovative solution. Inmarsat...

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Chinese Cruise Ship Arrested After Line Suspends Service

Published Feb 25, 2026 6:10 PM by The Maritime Executive

China’s domestic cruise market continues to go through an evolution as it seeks to expand, but it also faces challenges tied to po...

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Greece’s Capital Group Plans Launch of Large, Pure-Play Tanker Company

Published Feb 25, 2026 4:49 PM by The Maritime Executive

After starting a large bet on the crude oil tanker segment, Greek shipping tycoon Evangelos Marinakis’ Capital Group is pursuing t...

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ONE Sets Management Transition with Founder CEO Jeremy Nixon Stepping Down

Published Feb 25, 2026 3:25 PM by The Maritime Executive

Ocean Network Express (ONE) announced what it is calling a “planned leadership transition,” which will see founding CEO Jeremy Nix...

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Zim Employees Return to Work as Union Reports Tentative Agreements

Published Feb 24, 2026 3:28 PM by The Maritime Executive

The union representing Zim’s Israeli workers has reportedly reached terms on a tentative agreement regarding employment, severance...

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Seatrium Consolidating Business by Divesting Non-Core Assets

Published Feb 23, 2026 7:44 PM by The Maritime Executive

Singapore-based Seatrium is highlighting a series of recent transaction agreements, all designed to consolidate its business and p...

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