Business News

COACH Solutions and Veson Nautical Form New Product Partnership

Published Jan 28, 2022 3:42 PM by The Maritime Executive

[By: Kongsberg Digital] Vessel Performance and Optimized Weather Routing experts COACH Solutions and Veson Nautical, the global...


Dream Cruises Files for Liquidation After Defaulting on Debt

Published Jan 28, 2022 1:53 PM by The Maritime Executive

Dream Cruises filed a so-called winding up petition with the courts in Bermuda on January 27, making it the latest part of Genting...


CEO of Top Chemical-Tanker Firm Stolt-Nielsen Plans to Step Down

Published Jan 26, 2022 7:00 PM by The Maritime Executive

Niels G. Stolt-Nielsen, the chief executive officer of the firm that bears his name, has announced his plans to step down from his...


Drewry: Moderating Growth Will Still Give Lines $200B Profit for 2022

Published Jan 25, 2022 4:57 PM by The Maritime Executive

The world’s container carriers smashed records in 2021 leading to reports of dramatic profit increases and while the growth...


Genting Executives Resign as Cruise Lines Suspend Operations

Published Jan 24, 2022 3:58 PM by The Maritime Executive

Genting Hong Kong confirmed that its billionaire founder and CEO, along with the President of the company, resigned after the...


Genting Hong Kong Files Bankruptcy to Prevent "Disorderly Liquidation"

Published Jan 18, 2022 8:48 PM by The Maritime Executive

Genting Hong Kong filed today for the provisional liquidation on the company after reporting that it had exhausted its negotiation...


Genting Faces Potential Default as German Court Refuses Injunction

Published Jan 17, 2022 5:39 PM by The Maritime Executive

Genting Hong Kong’s effort to compel the German state to release funds under an emergency loan for the MV Werften was blocke...


Italy’s Moby Files U.S. Bankruptcy in Ongoing Reorganization Battle 

Published Jan 17, 2022 3:31 PM by The Maritime Executive

Italian ferry operator Moby S.p.A. filed for bankruptcy in a U.S. Court on January 14 as the latest step in a drawn-out reorganiza...


Maersk Reports 2021 Earnings Will Exceed Forecasts by $1 to $2 Billion

Published Jan 14, 2022 2:09 PM by The Maritime Executive

Providing further evidence of the exceptional market conditions for the container shipping industry, A.P. Moller- Maersk reported...


Investors Acquire UK's North Star for Opportunities in Offshore Wind

Published Jan 13, 2022 7:01 PM by The Maritime Executive

Seeking to invest in the emerging opportunities in the offshore wind energy sector, Swiss-based private markets firm Partners Grou...

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