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Strong Market Leads Maersk to Double Earnings Forecast

Strong Market Leads Maersk to Double Earnings Forecast

By The Maritime Executive
April 27, 2021
The boom in the shipping industry and the expectations for strong demand to continue through 2021 are driving the major carriers’ earnings to new highs. A.P. Moller – Maersk, the public parent company...
Coast Guard Cutter Bear Seizes $140M in Cocaine

Coast Guard Cutter Bear Seizes $140M in Cocaine

By The Maritime Executive
April 26, 2021
The crew of the Coast Guard cutter Bear returned to Portsmouth, Virginia on Sunday after a successful three-month counter-smuggling patrol in the Eastern Pacific. The Bear’s crew interdicted three...
Capacity and Gathering Restrictions set for U.K. Domestic Cruises

Capacity and Gathering Restrictions set for U.K. Domestic Cruises

By The Maritime Executive
April 23, 2021
As the U.K. prepares to resume cruises, the Department of Transportation released the first of a series of rules that will govern the operation of the domestic cruises. The new announcement details ca...
Maritime Executive

MSC Set to Overtake Maersk as the World's Largest Container Line

By Ankur Kundu
April 23, 2021
Taking into account MSC's new orders, as well as the company's active involvement in the secondhand tonnage market, it can be said that it is all set to overtake Maersk on a capacity basis sometime ne...
Debate Continues Over U.S. Cruise Restart

Debate Continues Over U.S. Cruise Restart

By The Maritime Executive
April 16, 2021
The battle lines are being drawn in the debate to accelerate the restart of cruises from American ports. The industry is continuing its lobbying efforts and pushing the Centers for Disease Control and...
Maritime Executive

Cruising Set to Resume in the Heart of Venice, Despite Government Ban

By The Maritime Executive
April 15, 2021
Last month, the Italian government announced that cruise ships will be temporarily banned from Venice's city center and will be diverted to the nearby industrial port of Marghera, within the Venice la...
Singapore’s First Carbon Neutral LNG Cargo Uses Carbon Offsetting

Singapore’s First Carbon Neutral LNG Cargo Uses Carbon Offsetting

By The Maritime Executive
April 15, 2021
In another example of the use of carbon offsets to achieve carbon neutrality, Pavilion Energy Singapore reported that it has imported Singapore’s first carbon-neutral LNG cargo.  A subsidiary of the S...
CMA CGM Proposes $600M Plan to Rebuild Port of Beirut

CMA CGM Proposes $600M Plan to Rebuild Port of Beirut

By Ankur Kundu
April 14, 2021
After a huge chemical explosion left Beirut's waterfront in tatters last year, France's CMA CGM has put forth a plan for restoring the port to its former glory. Controlled by the French Saade famil...
Jail Sentence for First of MSC Gayane Crew in Cocaine Smuggling Case

Jail Sentence for First of MSC Gayane Crew in Cocaine Smuggling Case

By The Maritime Executive
April 13, 2021
The first of seven crewmembers from the MSC Gayane was sentenced to jail today for his role in the 2019 cocaine smuggling aboard the containership. A total of eight crewmembers, or nearly a third of t...
Panama Maritime Authority Establishes Guidelines for Maritime Training

Panama Maritime Authority Establishes Guidelines for Maritime Training

By The Maritime Executive
April 13, 2021
The Panama Maritime Authority (AMP) has issued Resolution ADM No. 218-2020, of December 29, 2020, that approves the guidelines for courses and training programs, as well as Resolution ADM No 174 - 202...

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