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BIMCO: Changes Ahead as Containership Orders Reach Record High

BIMCO: Changes Ahead as Containership Orders Reach Record High

By The Maritime Executive
April 13, 2023
The current slowing in the global container markets has done little to slow carriers’ appetite for new capacity. BIMCO in its latest market report writes that the record high container orderbook signa...
Explora I Completes Trials as MSC Prepares Launch of Luxury Brand

Explora I Completes Trials as MSC Prepares Launch of Luxury Brand

By The Maritime Executive
April 13, 2023
MSC Group has taken another key step as they prepare to launch their new luxury cruise line brand Explora Journeys. They are reporting that Italian shipbuilder Fincantieri recently completed sea trial...
Brookfield to Buy Container Lessor Triton for $4.7B as Market Softens

Brookfield to Buy Container Lessor Triton for $4.7B as Market Softens

By The Maritime Executive
April 13, 2023
In an interesting play on the perceived opportunities in the container industry, well-known alternative asset manager Brookfield announced a deal to acquire Triton International, the world’s largest o...
MSC’s Environmentally Advanced MSC World Europa Starts Sailing in Med

MSC’s Environmentally Advanced MSC World Europa Starts Sailing in Med

By The Maritime Executive
April 12, 2023
MSC Cruises’ innovative new ship—MSC World Europa—is starting her first summer season in the Mediterranean after arriving from the Arabian Gulf this week. The ship became MSC Cruises’ largest, and the...
MSC and Costamare Settle with Insurers as SoCal Pipeline Resumes Ops

MSC and Costamare Settle with Insurers as SoCal Pipeline Resumes Ops

By The Maritime Executive
April 12, 2023
Efforts are continuing to resolve the claims stemming from the October 2021 oil spill off Huntington Beach, California, which was attributed to damage to an undersea pipeline months early when two con...
Maritime Executive

Invasion of Ukraine Caused Steep Drop in Black Sea Container Traffic

By Vassiliy Vesselovski, Daniil Melnychenko and Alexander Khromov
April 11, 2023
The Black Sea region has witnessed a considerable decline in its market volumes, with the ongoing Russian war in Ukraine resulting in a sharp drop in laden volumes by 28.4 percent (almost 690,000 TEU)...
Maersk Supply Service Brings Feeder Concept to EU Offshore Wind Market

Maersk Supply Service Brings Feeder Concept to EU Offshore Wind Market

By The Maritime Executive
April 11, 2023
Maersk Supply Service is planning to take an operating concept from the budding Jones Act offshore wind market and bring it back to Europe. The firm is working with offshore engineering firm GustoMSC...
Maersk Supply New Vessel Aids Europe Work

Maersk Supply New Vessel Aids Europe Work

By The Maritime Executive
April 11, 2023
Maersk Supply Service has entered a collaboration with GustoMSC to design the next generation of Wind Installation Vessel. The new design will build on the same patent and characteristics of the cu...
OOLC'S Steep Q1 Revenue Decline Previews Industry Outlook

OOLC'S Steep Q1 Revenue Decline Previews Industry Outlook

By The Maritime Executive
April 10, 2023
Orient Overseas International, the publicly traded parent company of Orient Overseas Container Line, filed its first quarter financial report giving a glimpse of the expected decline in earnings likel...
Canadian Navy Makes Plans to Replace Aging Victoria-Class Subs

Canadian Navy Makes Plans to Replace Aging Victoria-Class Subs

By Brian Gicheru Kinyua
April 10, 2023
As the United States, the UK and Australia join forces on the construction of nuclear submarines, Canada is reportedly weighing whether to purchase up to 12 conventionally-powered attack subs. Accordi...

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