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HMM Makes $1 Billion Play in Bulkers to Diversify Away from Containers

HMM Makes $1 Billion Play in Bulkers to Diversify Away from Containers

By The Maritime Executive
November 3, 2023
  With the well-publicized negative outlook for the container sector expected to continue through 2024 and possibly in 2025 or beyond, South Korea’s HMM is pushing forward with a strategy outlined...
Maersk Pursues Cost Cutting and Layoffs Warnings of Challenges in 2024

Maersk Pursues Cost Cutting and Layoffs Warnings of Challenges in 2024

By The Maritime Executive
November 3, 2023
  Citing a “difficult market environment,” Maersk warned today of challenging times ahead for the container shipping industry while saying that it would accelerate its cost-cutting and layoffs to m...
Davie Completes Acquisition of Helsinki Shipyard to Expand Ice-Class Skills

Davie Completes Acquisition of Helsinki Shipyard to Expand Ice-Class Skills

By The Maritime Executive
November 3, 2023
  Canadian shipbuilding group Davie reports it has finalized the acquisition of the assets of Finland’s Helsinki Shipyard in an effort designed to expand capabilities and expertise in ice-class shi...
UK Gen Z Seafarers Get Their First Wellness at Sea Cadet Conference

UK Gen Z Seafarers Get Their First Wellness at Sea Cadet Conference

By The Maritime Executive
November 3, 2023
[By: Sailors' Society] In a first for the UK, Sailors‘ Society is hosting a Wellness at Sea Maritime Schools‘ Conference, especially for the country’s Gen Z seafarers. As well as practical advic...
Fairbanks Morse Defense Expands Portfolio With American Fan Acquisition

Fairbanks Morse Defense Expands Portfolio With American Fan Acquisition

By The Maritime Executive
November 3, 2023
[By: Fairbanks Morse Defense] Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan, a leader in axial and centrifugal fan technol...
Who are International Shipbreaking LLC?

Who are International Shipbreaking LLC?

By The Maritime Executive
November 3, 2023
[By: EMR Metal Recycling] When it comes to metal recycling, there aren’t many projects bigger than a US Navy aircraft carrier. Based in Brownsville, Texas, International Shipbreaking LLC (ISL) has...
Swedish Ports Will Blockade Tesla Vehicles in Support of Labor Strike

Swedish Ports Will Blockade Tesla Vehicles in Support of Labor Strike

By The Maritime Executive
November 3, 2023
  The Swedish Transport Workers Union (Svenska Transportarbetareförbundet) is threatening to stop handling Tesla’s electrical vehicles arriving at the country’s four major ports. The union has file...
Redevelopment Plan Released for Iconic Ocean Liner SS United States

Redevelopment Plan Released for Iconic Ocean Liner SS United States

By The Maritime Executive
November 3, 2023
  A full design and redevelopment plan for the famed ocean liner the SS United States was unveiled by the non-profit owners of the vessel working in conjunction with a New York-based real estate de...
KVH and Kognitive Networks Sign Exclusive Maritime Agreement

KVH and Kognitive Networks Sign Exclusive Maritime Agreement

By The Maritime Executive
November 3, 2023
[By: KVH Industries, Inc.] KVH Industries, Inc. (Nasdaq: KVHI) and Kognitive Networks Inc. today announced an exclusive, multi-year maritime agreement.  KVH will integrate Kognitive’s suite of ente...
KR Awards AiP to Hanwha Ocean’s Onboard CO2 Capture System

KR Awards AiP to Hanwha Ocean’s Onboard CO2 Capture System

By The Maritime Executive
November 3, 2023
[By: Korean Registr] KR, in collaboration with the Marshall Islands Registry, is pleased to announce the granting of an Approval in Principle (AiP) for an Onboard CO2 Capture System (OCCS) develope...

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