Business News

Wing-in-Ground Craft Startup Regent Secures $300M Leasing Deal

Published May 6, 2024 6:58 PM by The Maritime Executive

Regent, the manufacturer of a line of battery-electric wing-in-ground craft, has secured a $300 million purchase-and-lease agreeme...

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Maersk Warns Red Sea Impact Widens Creating Capacity Constraints and Costs

Published May 6, 2024 12:41 PM by The Maritime Executive

  The largest container carriers are warning customers of increased disruptions and costs after the Houthi widened the att...

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Maersk Raises 2024 Outlook While Cautioning of Long-Term Challenges

Published May 2, 2024 3:35 PM by The Maritime Executive

  Maersk reported what management called “a positive start” to the year in its first quarter results that was...

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Viking Takes Wall Street by Storm with Best IPO of 2024

Published May 1, 2024 4:10 PM by The Maritime Executive

  Viking, the luxury operator of ocean, river, and exploration cruises, roared onto Wall Street going public today, May 1,...

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SES Reaches Agreement to Buy Intelsat

Published Apr 30, 2024 7:15 PM by The Maritime Executive

The EU-based satellite corporation SES has reached a deal to acquire American competitor Intelsat - the market leader in maritime...

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Report: Sovcomflot is Renaming and Transferring Flags on More Tankers

Published Apr 30, 2024 12:58 PM by The Maritime Executive

Russian shipping company Sovcomflot has reportedly resumed the practice of shuffling around sanctioned tankers in an effort to p...

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From EVs to Wind Turbines, China is Winning the Clean-Energy War

Published Apr 29, 2024 10:40 PM by G. Allen Brooks

  The EPA has finalized its tailpipe emissions rules for light-duty vehicles beginning in 2027. When initially proposed, t...

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Whistleblower Reveals Japanese Engine Manufacturer Faked Fuel Data

Published Apr 25, 2024 6:50 PM by The Maritime Executive

  Japan’s IHI Power Systems Company, a leading manufacturer of engines used in marine and land applications includin...

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MSC Jumps into Vehicle Transport Offering $700M for Gram Car Carriers

Published Apr 24, 2024 5:18 PM by The Maritime Executive

  MSC Mediterranean Shipping Company and the Aponte family are making a bold move to break into the hot car and vehicle tr...

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Healthy Crew, Safe Vessel: Navigating the Importance of PEME Exams

Published Apr 23, 2024 1:59 PM by Dr. Arthur L. Diskin

  Pre-employment medical examinations (PEME) play a crucial role in ensuring the health and wellness of seafarers in the c...

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