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Maersk’s APM Terminals to Invest $1B in Expanding Operations in Brazil

Maersk’s APM Terminals to Invest $1B in Expanding Operations in Brazil

By The Maritime Executive
May 15, 2023
Maersk’s terminal operator, APM Terminals, is pledging to invest at least $1 billion in port expansion and modernization across Brazil. The investments were announced during a Dutch trade delegation v...
MSC World Europa is Equipped with GE Power Conversion Propulsion 

MSC World Europa is Equipped with GE Power Conversion Propulsion 

By The Maritime Executive
May 11, 2023
The World Class series cruise ships are installed with GE Power Conversion’s in-board electric propulsion. GE’s efficient induction motor and pulse width modulation (PWM) power converter technology wi...
MSC Announces New Office In Tempe Arizona

MSC Announces New Office In Tempe Arizona

By The Maritime Executive
May 11, 2023
MSC Mediterranean Shipping Company, a global leader in transportation and logistics, today announced plans to open its new MSC Tempe office, expanding the company’s network of locations across the Uni...
Princess Cruises to Homeport in Port Canaveral for First Time in 2024

Princess Cruises to Homeport in Port Canaveral for First Time in 2024

By The Maritime Executive
May 10, 2023
Princess Cruises, long known as the Love Boats, announced plans to homeport its first cruise ship in Port Canaveral, Florida for a seasonal deployment in the winter of 2024-205. It will be the first t...
Clarksons: For CII Compliance, Slowing Down Helps Less Than You Think

Clarksons: For CII Compliance, Slowing Down Helps Less Than You Think

By The Maritime Executive
May 10, 2023
Many of the world's shipowners are planning to continue trading their older, less fuel-efficient tonnage using a time-honored method: slowing down. Pulling back from the vessel's rated sea speed by ju...
Liner Schedule Reliability Nearly Doubled in Past Year to 2020 Levels

Liner Schedule Reliability Nearly Doubled in Past Year to 2020 Levels

By The Maritime Executive
May 9, 2023
After two years of delays and backlogs, liner schedules are approaching the levels they historically operated at before the surge in shipping volumes during the pandemic. The new monthly update on sch...
Maritime Executive

CMA CGM Offers $5.5B for Bolloré Logistics to Become Logistics Leader

By The Maritime Executive
May 8, 2023
CMA CGM Group formalized its offer to buy the logistics operations of France’s Bolloré Group in a deal which if completed values Bolloré Logistics at $5.5 billion and would make CMA CGM among the top...
MSC Musica Homeport of Pireaus 2023 for East Med

MSC Musica Homeport of Pireaus 2023 for East Med

By The Maritime Executive
May 8, 2023
MSC Cruises held a major event on board MSC Musica in the port of Piraeus for nearly 200 members of the Greek travel industry to celebrate the ship’s summer 2023 sailing season in the East Mediterrane...
FMC Surpasses $1M in Complaint Refunds from Carriers in Past 10 Months

FMC Surpasses $1M in Complaint Refunds from Carriers in Past 10 Months

By The Maritime Executive
May 4, 2023
The Federal Maritime Commission is reporting that it surpassed the $1 million milestone for charge complaints refunded or waived since the passage in June 2022 of the Ocean Shipping Reform Act. Fees c...
Maritime Executive

Samsung and MISC Both Highlight Next-Generation Offshore Production

By The Maritime Executive
May 3, 2023
With strong demand continuing for offshore energy production, Samsung Heavy Industries and MISC Berhad used an energy industry trade show earlier this week in Houston, Texas to highlight their designs...

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