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International Seaways and Diamond S in $2 Billion Tanker Mega-Merger

International Seaways and Diamond S in $2 Billion Tanker Mega-Merger

By The Maritime Executive
March 31, 2021
In a mega-merger, two US-listed tanker operators have agreed to combine to create one of the world’s largest energy transportation services for crude oil and petroleum products. A year in the making,...
Cargotec Sells Navis to Accel-KKR for Enterprise Value of €380 Million

Cargotec Sells Navis to Accel-KKR for Enterprise Value of €380 Million

By The Maritime Executive
March 29, 2021
Cargotec Corporation has signed an agreement to sell its Navis business to Accel-KKR, a Silicon Valley-based leading technology-focused investment firm for an enterprise value of EUR 380 million. Carg...
Damen Shipyards Cape Town Launches SA Navy's 1st MMIPV

Damen Shipyards Cape Town Launches SA Navy's 1st MMIPV

By The Maritime Executive
March 29, 2021
On 25 March 2021, Damen Shipyards Cape Town (DSCT) launched the first of three Multi-Mission Inshore Patrol Vessels (MMIPV) procured by ARMSCOR for the South African Navy (SAN).   The vessels will...
Maritime Executive

UK Court: Shipbreaking Fatality Suit May Proceed

By The Maritime Executive
March 11, 2021
Britain's Court of Appeals has given the green light for the widow of a Bangladeshi shipbreaking worker to sue Maran (UK) Ltd., the former owner of the tanker Maran Centaurus, in connection with her h...
‘Shipbuilding Tsar’ Keynote Speaker for SMI Annual Conference

‘Shipbuilding Tsar’ Keynote Speaker for SMI Annual Conference

By The Maritime Executive
March 9, 2021
Ben Wallace, the UK Government Defence Secretary and ‘Shipbuilding Tsar’, is confirmed today as the keynote speaker at the Society of Maritime Industries (SMI) annual conference, due to be held virtua...
Intellian Signs $73 Million Contract with OneWeb for User Terminals

Intellian Signs $73 Million Contract with OneWeb for User Terminals

By The Maritime Executive
March 9, 2021
Collaboration between Intellian and OneWeb will bring low latency, high throughput connectivity to multiple markets Intellian is delighted to announce that it has entered into a US$73 million contr...
GTT & Beijing Gas Group Collaborate on Additional LNG Storage Tanks

GTT & Beijing Gas Group Collaborate on Additional LNG Storage Tanks

By The Maritime Executive
March 7, 2021
GTT and Beijing Gas Group (BGG)1 have concluded an additional cooperation agreement related to the Tianjin Nangang LNG terminal2, currently under construction in its first phase. This new agreement ma...
Fincantieri: 2 New-Generation Submarines for Italian Navy

Fincantieri: 2 New-Generation Submarines for Italian Navy

By The Maritime Executive
March 1, 2021
Today, Fincantieri, one of the world’s leading shipbuilding groups and reference operator in the naval shipbuilding industry, and OCCAR (Organisation Conjointe de Cooperation en matiere d’Armement, th...
Newport News Lays Off Employees for the First Time in Five Years 

Newport News Lays Off Employees for the First Time in Five Years 

By The Maritime Executive
March 1, 2021
Newport News Shipbuilding, one of the U.S.’s oldest shipbuilders today focused on the U.S. Navy, announced that it is laying off 314 salaried employees as well as taking other steps to control costs....
How eDNA Could be a Cornerstone of the New Blue Economy

How eDNA Could be a Cornerstone of the New Blue Economy

By Jesse H. Ausubel and Alan Curry
March 1, 2021
A bio-based industry likely to boom soon uses loose DNA in seawater, or environmental DNA, to measure presence and abundance of marine species. Animals in water inevitably shed their eDNA into it....

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