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National Strike Shutters Nigeria's Seaports Indefinitely

National Strike Shutters Nigeria's Seaports Indefinitely

By The Maritime Executive
June 4, 2024
Nigeria's two largest labor unions have launched a nationwide strike, and port workers have joined in the walkout. Following a directive from the Nigeria Labour Congress, the Maritime Workers Union of...
Maersk Raises Profit Guidance By $3B, Blanks Asia-Med Sailings

Maersk Raises Profit Guidance By $3B, Blanks Asia-Med Sailings

By The Maritime Executive
June 3, 2024
On Monday, AP Moller-Maersk told customers that it would be canceling several sailings due to severe port congestion, and told investors to expect a $3 billion improvement in full-year EBITDA due to t...
Carnival Corp. to Discontinue Storied P&O Cruises Brand in Australia

Carnival Corp. to Discontinue Storied P&O Cruises Brand in Australia

By The Maritime Executive
June 3, 2024
  Carnival Corporation will sunset the P&O Cruises Australia brand in March 2025, marking the first time the corporation has ended one of its historic brand names since it began acquiring cruise li...
KSOE Reports Breakthrough to Eliminate Toxic Ammonia Emissions

KSOE Reports Breakthrough to Eliminate Toxic Ammonia Emissions

By The Maritime Executive
June 3, 2024
HD Korea Shipbuilding & Marine Engineering held a technology briefing in the lead up to the trade fair Posidonia reporting a potentially game-changing breakthrough for ammonia as a maritime fuel. Wh...
Union Maritime Goes Big on Wind and Plans to Invest in BAR Technologies

Union Maritime Goes Big on Wind and Plans to Invest in BAR Technologies

By The Maritime Executive
June 3, 2024
  UK-based Union Maritime is going big on wind-assisted propulsion becoming one of the few ship owners to map a strategy to install rigid sails across its newbuild fleet due over the next three yea...
Ukraine Hits Russian Patrol Boats & Petroleum Tanks in Black Sea

Ukraine Hits Russian Patrol Boats & Petroleum Tanks in Black Sea

By The Maritime Executive
June 3, 2024
Satellite imagery and video footage appear to confirm reports of two separate Ukrainian attacks on Russian assets in the Black Sea last week: a drone boat strike in western Crimea, and a missile strik...
ADNOC Acquires Pool Operator Navig8 for $1.5B to Expand Global Reach

ADNOC Acquires Pool Operator Navig8 for $1.5B to Expand Global Reach

By The Maritime Executive
June 3, 2024
  The maritime logistics arm of Abu Dhabi’s national oil company continues its strategy of growth announcing it is acquiring Singapore-based Navig8, which bills itself as the world’s largest indepe...
South Korea Opens New Frontier Region to Offshore Drilling

South Korea Opens New Frontier Region to Offshore Drilling

By The Maritime Executive
June 3, 2024
South Korea's government has opened the door to drilling for oil and gas E&P off the country's eastern coastline, launching what could be a strategic new source of energy for Asia's fourth-largest eco...
China Spots Armed Soldiers on Philippine Military Outpost in S. China Sea

China Spots Armed Soldiers on Philippine Military Outpost in S. China Sea

By The Maritime Executive
June 3, 2024
New footage released by Chinese state news network CGTN shows that China's maritime forces have operated small boats within a few hundred yards of the BRP Sierra Madre, the wrecked WWII landing ship t...
Inchcape Shipping Services Expands in Nordics Acquiring Grieg Logistics

Inchcape Shipping Services Expands in Nordics Acquiring Grieg Logistics

By The Maritime Executive
June 3, 2024
  Inchcape Shipping Services, a global leader in port agency and marine services, completed the acquisition of Grieg Logistics headquartered in Bergen, Norway from the Grieg Group. The companies re...

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