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Maritime Executive

Fitch: Maersk Split Won't Improve Units' Performance

By Fitch Ratings The decision by A.P. Moeller-Maersk A/S to split into two separate divisions – Transport & Logistics and Energy – reflects the challenging fundamentals in the sectors in which it o...

Maritime Executive

Seafarers Organizations Respond to Hanjin Collapse

The nonprofit aid agency Mission to Seafarers and the union Nautilus have been working hard to help mariners affected by the collapse of Hanjin Shipping. Prior to filing for receivership, Hanjin op...

Maritime Executive

Auditors: Many EU Port Investments "Ineffective"

The European Court of Auditors issued a report Friday on port investments within the bloc, and its findings were not entirely positive. "One in every three euros [out of a sample of capital projects] ...

Maritime Executive

Hanjin: Customers Are Not Paying Freight Invoices

Lawyers for Hanjin Shipping told a bankruptcy judge Friday that the firm is having trouble getting cargo owners to pay for freight delivered.  Hanjin has been in the news for its inability to pay p...

Maritime Executive

Video: Bunker Barge Explosion Injures Two

[Brief] On Thursday morning in the port of Taranto, Italy, the bunker barge Mercuria caught fire and exploded. Two crew suffered mild injuries.   The cause of the fire has not been determined but l...

Maritime Executive

New European Research Project SHIPLYS to Advance Ship Design and Production

The European Commission has granted 6.2 Million Euros for a new research project called SHIPLYS (Ship Lifecycle Software Solutions). The project gathers a team of 12 leading maritime companies and res...

Maritime Executive

Exhaustive Range of Quality PPE Makes VIKING the Offshore Wind Favorite

Marine safety equipment manufacturer and servicing provider VIKING Life-Saving Equipment’s expanded portfolio of PPE has made choosing safety equipment and servicing much easier for offshore wind deve...

Maritime Executive

Thome Reviews Cyber Security Protocols

There has been a lot of publicity recently about the need for the shipping industry to wake up to the very real threat of malicious cyberattacks. Thome takes cyber security very seriously and conti...

Maritime Executive

Cargotec Plans to Re-Organize Operations at INTERSCHALT

Cargotec plans to re-organize operations at the maritime software company INTERSCHALT. The re-organization is estimated to affect INTERSCHALT personnel in Germany, USA (Houston) and China (Shanghai)....

Maritime Executive

Cross-Bay Ferry Plan Unveiled

With anticipation high for a St. Petersburg/Tampa ferry service, organizers of the project announced an exciting set of launch events, including a series of runs for supporters to “Test the Waters,” p...