Business News

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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U.S.-Backed War Risk Cover for Hormuz Will Have to Wait for Convoys

Published Apr 23, 2026 9:33 PM by The Maritime Executive

The Trump administration has worked out a co-insurance arrangement to provide war risk cover for shipping in the Strait of Hormuz...

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Hornbeck and Helix to Merge in Further Consolidation in the Offshore Sector

Published Apr 23, 2026 8:28 PM by The Maritime Executive

Hornbeck Offshore Services and Helix Energy Solutions Group announced that they have agreed to merge their businesses to form a mo...

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Bourbon’s New Shareholders Drive Rapid Expansion in Offshore Operations

Published Apr 22, 2026 7:27 PM by The Maritime Executive

France’s Bourbon is highlighting the rapid expansion of its fleet and efforts to consolidate its position in the offshore market s...

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"Energy Dominance" In Action

Published Apr 17, 2026 7:38 PM by Erik Broekhuizen / Poten & Partners

The crisis in the Middle East and in particular the effective closure of the Strait of Hormuz has upended global oil markets. Both...

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Cefor: Machinery Damage and Fires Drive Increase in Claim Cost

Published Apr 15, 2026 8:27 PM by The Maritime Executive

Machinery damage and fires continue to dominate as the leading causes of elevated claim costs in the Nordic marine insurance marke...

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