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Maritime Executive

Wärtsilä to Acquire L-3 Marine Systems

By The Maritime Executive
December 16, 2014
Wärtsilä Corporation is to acquire L-3 Marine Systems International from NYSE-listed L-3 Communications Holdings Inc. L-3 Marine Systems International (L-3 MSI) is a business sector within L-3's Elect...
Maritime Executive

Scale of International Bribery Laid Bare

By The Maritime Executive
December 11, 2014
Most international bribes are paid by large companies, usually with the knowledge of senior management, according to new OECD analysis of the cost of foreign bribery and corruption. Bribes in the ana...
Maritime Executive

AVEVA Will Support Det norske

By The Maritime Executive
December 9, 2014
AVEVA announced that a brand new customer, Det norske oljeselskap ASA (Det norske), has begun deployment of AVEVA’s Progressive Handover Solution to manage Life Cycle Information for the high profile...
Maritime Executive

Container M&A Activity on the Rise

By The Maritime Executive
December 8, 2014
Following a turbulent few years that included a close shave with bankruptcy, a revolving cast of CEO’s and an anti-trust investigation, U.S. Jones Act carrier Horizon Lines has called it a day and is...
Maritime Executive

UK Government Autumn Statement Helpful for Shipping

By The Maritime Executive
December 4, 2014
International accountant and shipping adviser Moore Stephens says the UK Chancellor’s Autumn Statement 2014, issued on 3 December, is generally helpful for the shipping and offshore sectors.   Moore...
Maritime Executive

How Much Have Sanctions Affected Russia?

By The Maritime Executive
December 4, 2014
By Dr Leon Berkelmans The IMF, OECD and the Russians themselves have substantially downgraded their Russian economic growth forecasts for 2015. The fall in the oil price is partly responsible. Howeve...
Maritime Executive

Keel Laying of New Tugs in China

By The Maritime Executive
December 1, 2014
Construction of new RS class ASD 3010 Ice and ASD 2609 Ice tugs has begun in the Chinese city of Changde. The keel laying ceremony took place at Damen Shipyards Changde on 24-25 November 2014.  Peter...
Maritime Executive

U.S. Crude Exports to Asia Stall

By The Maritime Executive
December 1, 2014
An aggressive strategy by Mideast Gulf producers to exploit the lowest oil prices in five years to defend market share is showing signs of bearing fruit as U.S. crude exports to Asia grind to halt. A...
Maritime Executive

Moving Targets

By The Maritime Executive
November 26, 2014
Pirates have been terrorizing mariners for centuries, but in recent months their frequency and scope have shifted and have many in the maritime industry again concerned. In June the U.N. declared that...
Maritime Executive

Turkey: A Growing Market for Rolls-Royce

By The Maritime Executive
November 21, 2014
IBAC, which provides training to participants on international business awareness and ethical principles in the context of international business, was held for the 15th time this year. This was the fi...

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