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Maritime Executive

Maersk and Hapag Pause Red Sea Runs as Industry Calls for Immediate Action

  Shipping giants Maersk and Hapag-Lloyd both confirmed today that they have paused all planned transits of the Red Sea and the Bab al-Mandab Strait while the shipping industry is calling for immed...

Hapag and MSC Containerships Attacked as Red Sea Situation Escalates

Hapag and MSC Containerships Attacked as Red Sea Situation Escalates

  The situation in the Red Sea continues to escalate with Houthi rebels increasing their attacks on shipping as they vow to stop all ships with ties to Israel. Both Hapag-Lloyd and MSC Mediterranea...

MSC Completes Hamburg Tender as Acquisition of Port Operator HHLA Proceeds

MSC Completes Hamburg Tender as Acquisition of Port Operator HHLA Proceeds

  MSC Mediterranean Shipping Company successfully completed the public tender offer for the operator of the Port of Hamburg clearing a critical hurdle to take the company private and proceed with t...

PortMiami Reclaims Title of Busiest Cruise Port with Growth Continuing

PortMiami Reclaims Title of Busiest Cruise Port with Growth Continuing

  PortMiami reclaimed its position as the world’s busiest cruise port in 2022-2023 reaching nearly 7.3 million passengers for the first time in its history. The whopping 82 percent increase of the...

ONE Containership Remains Anchored off Egypt Awaiting Inspection

ONE Containership Remains Anchored off Egypt Awaiting Inspection

  ONE Orpheus the container vessel that disrupted northbound traffic in the Suez Canal on December 6 remains at anchor off Port Said, Egypt. Ocean Network Express (ONE) wrote to customers that it w...

MCS' Emissions Estimator Gives Predictability on Voyage Costs with EU ETS

MCS' Emissions Estimator Gives Predictability on Voyage Costs with EU ETS

[By: OrbitMI] Voyage costs are set to increase with the EU Emissions Trading System (EU ETS) that will demand clarity on emissions both to determine stakeholder liabilities and manage compliance. A...

METIS Appoints Panos Theodossopoulos as New CEO

METIS Appoints Panos Theodossopoulos as New CEO

[By: METIS Cyberspace Technology] METIS Cyberspace Technology has appointed Panos Theodossopoulos as its new Chief Executive Officer, in a move designed to consolidate the company’s position as a l...

Suez Canal Northbound Traffic Resumes After ONE Containership Hits Bridge

Suez Canal Northbound Traffic Resumes After ONE Containership Hits Bridge

  The Suez Canal Authority is reporting that it was able to recover after an Ocean Network Express (ONE) containership hit a bridge disrupting today’s northbound convoy. At least six vessels had be...

NTSB: Dragged Anchor Caused San Pedro Bay Oil Spill

NTSB: Dragged Anchor Caused San Pedro Bay Oil Spill

The National Transportation Safety Board (NTSB) has called for new VTS safety measures after the anchor-drag incident that caused an oil spill off the coast of California in October 2021. The spill...

MSC Continues Acquisition Spree Making Offer for Freight Forwarder Clasquin

MSC Continues Acquisition Spree Making Offer for Freight Forwarder Clasquin

  MSC Mediterranean Shipping Company is continuing to move aggressively to expand its operations through strategic acquisitions as well as investments in its fleet. In its latest maneuver, it was r...