Business News
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...
Read More >>U.S.-Backed War Risk Cover for Hormuz Will Have to Wait for Convoys
The Trump administration has worked out a co-insurance arrangement to provide war risk cover for shipping in the Strait of Hormuz...
Read More >>Hornbeck and Helix to Merge in Further Consolidation in the Offshore Sector
Hornbeck Offshore Services and Helix Energy Solutions Group announced that they have agreed to merge their businesses to form a mo...
Read More >>Bourbon’s New Shareholders Drive Rapid Expansion in Offshore Operations
France’s Bourbon is highlighting the rapid expansion of its fleet and efforts to consolidate its position in the offshore market s...
Read More >>"Energy Dominance" In Action
The crisis in the Middle East and in particular the effective closure of the Strait of Hormuz has upended global oil markets. Both...
Read More >>Cefor: Machinery Damage and Fires Drive Increase in Claim Cost
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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