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Maritime Executive

Drillers Ensco and Rowan to Merge

By The Maritime Executive
October 8, 2018
Ensco and Rowan Companies have agreed to merge in an all-stock transaction.  The combined company expects to realize annual pre-tax expense synergies of approximately $150 million, with more than 7...
Maritime Executive

Hapag-Lloyd Announces Sulfur Fuel Charge

By The Maritime Executive
October 8, 2018
Hapag-Lloyd has now joined a number of other leading container shipping companies by announcing how it will recover the costs of low sulfur fuel once the IMO regulations enter into force in 2020. T...
Maritime Executive

Stena Nordica Enters Service on Karlskrona-Gdynia

By The Maritime Executive
October 8, 2018
Stena Nordica entered service as the fourth ship between Karlskrona and Gdynia on Saturday. This means a further increase in capacity on the route to meet the strong demand in growth for freight and p...
Maritime Executive

First Modern Riverboat in U.S. History Departs on Inaugural Cruise

By The Maritime Executive
October 8, 2018
American Song, the first modern riverboat in U.S. history, departed from the Port of New Orleans this past Saturday, October 6, 2018. Underway at 100 percent capacity, this historic new riverboat is o...
Maritime Executive

Big Changes, New Opportunities at MITAGS-PMI

By Kacey Mya
October 8, 2018
Practical training for individuals hoping to enter the maritime profession is essential to the safety, success and continued prosperity of the merchant marine industry. One nonprofit vocational traini...
Maritime Executive

Hurricane Michael Heads for U.S. Gulf Coast

By The Maritime Executive
October 8, 2018
Tropical storm Michael has become a hurricane, and it is expected to strengthen rapidly as it heads north past Cuba towards the Florida Panhandle. The National Hurricane Center forecasts that it will...
Maritime Executive

IPCC: Avoiding Climate Change Now Requires "Rapid" Cut in CO2

By The Maritime Executive
October 8, 2018
On Sunday, the UN Intergovernmental Panel on Climate Change (IPCC) released a new estimate of the likely effects of anthropogenic carbon emissions in the medium term, with unpleasant conclusions. The...
Maritime Executive

Ørsted Acquires Deepwater Wind

By The Maritime Executive
October 8, 2018
Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100 percent equity interest in Rhode Island-based Deepwater Wind at a purchase price of $510 million.  The two companies’...
Maritime Executive

UNCTAD Snapshots the World Fleet

By The Maritime Executive
October 7, 2018
Seaborne trade expanded by four percent in 2017, the fastest growth in five years, according to its Review of Maritime Transport 2018. Volumes across all segments are set to grow in 2018, with contain...
Maritime Executive

Arison Family Foundation Pledges $5 Million to Disaster Relief

By The Maritime Executive
October 7, 2018
The Micky and Madeleine Arison Family Foundation has pledged $5 million to support relief efforts in communities affected by Hurricane Florence in North and South Carolina, Super Typhoon Mangkhut in t...

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