Business News
Last-Minute Offer Adds a Twist to Hapag-Lloyd's Acquisition of Zim
A competing bid is the latest twist in the saga of Hapag-Lloyd's planned takeover of Israeli shipping line Zim - even though Zim's...
Read More >>New Zealand Fines Ferry Operator for Grounding and Lack of Crew Training
New Zealand has ordered inter-island RoRo ferry operator KiwiRail to pay a fine of NZ$400,000 ($234,671) after it was found culpab...
Read More >>OOCL Seeks to Overturn $45M Award Alleging FMC Process is Unconstitutional
Lawyers for Orient Overseas Container Line filed suit in U.S. District Court on May 5, challenging the Federal Maritime Commission...
Read More >>Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht
Gossip column Page Six has obtained confirmation that Amazon founder Jeff Bezos is selling is megayacht, the $500 million sailing...
Read More >>Diana Shipping Increases Pressure on Genco With Unsolicited Tender Offer
The now long-running takeover battle designed to reshape the dry bulk segment took a new turn as Diana Shipping announced it has o...
Read More >>Inmarsat Gains High-Speed Pacific Coverage With Final Viasat-3 Launch
Inmarsat's high-end broadband service is fast, but its recent tie-up with U.S. satcom giant Viasat promises to make it even faster...
Read More >>Edda Wind Closes Fleet Sale as Investment Funds Drive Sector Consolidation
Edda Wind, which had been launched as an early service provider dedicated to the emerging offshore wind sector, has officially wou...
Read More >>Bankrupt Retailer Bed Bath & Beyond Wins Record $45M FMC Claim Against OOCL
A Federal Maritime Commission administrative law judge awarded a record $45.6 million in reparations to the administrator of the b...
Read More >>The Maritime Executive's Annual Energy Edition is Now Available Online
“Strait Outa Compton" That's the witty title of View From the E.U. columnist Erik Kravets' tongue-in-cheek comparison of N.W.A's h...
Read More >>Odfjell Advances Fleet Renewal After Committing $290M for Four Newbuilds
Norwegian shipping major Odfjell is pushing ahead with an ambitious fleet renewal program after committing $290 million for four 4...
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