Business News

Last-Minute Offer Adds a Twist to Hapag-Lloyd's Acquisition of Zim

Published May 6, 2026 10:01 PM by The Maritime Executive

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...

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New Zealand Fines Ferry Operator for Grounding and Lack of Crew Training

Published May 6, 2026 6:32 PM by The Maritime Executive

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...

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OOCL Seeks to Overturn $45M Award Alleging FMC Process is Unconstitutional

Published May 6, 2026 5:09 PM by The Maritime Executive

Lawyers for Orient Overseas Container Line filed suit in U.S. District Court on May 5, challenging the Federal Maritime Commission...

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Jeff Bezos is Reported to be Selling the World's Largest Sailing Yacht

Published May 5, 2026 9:29 PM by The Maritime Executive

Gossip column Page Six has obtained confirmation that Amazon founder Jeff Bezos is selling is megayacht, the $500 million sailing...

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Diana Shipping Increases Pressure on Genco With Unsolicited Tender Offer

Published May 4, 2026 7:19 PM by The Maritime Executive

The now long-running takeover battle designed to reshape the dry bulk segment took a new turn as Diana Shipping announced it has o...

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Inmarsat Gains High-Speed Pacific Coverage With Final Viasat-3 Launch

Published Apr 30, 2026 10:29 PM by The Maritime Executive

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...

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Edda Wind Closes Fleet Sale as Investment Funds Drive Sector Consolidation

Published Apr 30, 2026 9:11 PM by The Maritime Executive

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

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Bankrupt Retailer Bed Bath & Beyond Wins Record $45M FMC Claim Against OOCL

Published Apr 29, 2026 5:10 PM by The Maritime Executive

A Federal Maritime Commission administrative law judge awarded a record $45.6 million in reparations to the administrator of the b...

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The Maritime Executive's Annual Energy Edition is Now Available Online

Published Apr 24, 2026 8:29 PM by The Maritime Executive

“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...

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Odfjell Advances Fleet Renewal After Committing $290M for Four Newbuilds

Published Apr 24, 2026 7:44 PM by The Maritime Executive

Norwegian shipping major Odfjell is pushing ahead with an ambitious fleet renewal program after committing $290 million for four 4...

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