Business News
First Chinese Boxship of 2025 Arrives in Arkhangelsk via the Arctic Route
As the Northern Sea Route (NSR) becomes busy for this year’s summer navigation, the first Chinese boxship has arri...
Read More >>X-Press Feeders Appeals for Rational Decision on 2021 Casualty Compensation
X-Press Feeders, the operator of the containership X-Press Pearl, lost off Sri Lanka after a container fire in 2021, has issued...
Read More >>Report: HMM Looks to Accelerate Diversification into Bulkers
South Korean carrier HMM is reportedly looking to accelerate its diversification into dry bulk carriers in response to t...
Read More >>Karpowership Keeps Expansion Going in New Partnership With Seatrium
Karpowership, the Turkish operator of floating powerplants, is continuing its expansion program with an agreement with S...
Read More >>Hapag-Lloyd Cites Changes in Trade Policies in Reporting Lower Profits
The container shipping industry’s fifth-largest carrier, Hapag-Lloyd, called its first half of the year results &l...
Read More >>The Forced Uyghur Labor Behind China's Fish Exports
On a cloudy morning in April 2023, more than eighty men and women, dressed in matching red windbreakers, stood in orderl...
Read More >>Thyssenkrupp Spins Off Submarine Builder TKMS
After start-and-stop attempts to find a buyer for naval shipbuilding division TKMS, German industrial conglomerate Thyss...
Read More >>Maersk Surprises with Improved Outlook Despite Volatile Environmenment
Maersk, the largest publicly-traded shipping and logistics company and long considered a bellwether for the global economy, surp...
Read More >>Marcura Buys Brightwell Navigator, Consolidating Crew Payment Sector
Maritime operations tech company Marcura has acquired Brightwell Navigator, the crew payroll services unit of the Atlant...
Read More >>CEO Behind $29M Hawaiian Shipbuilding Fraud Sentenced to 13 Years in Jail
The U.S. Department of Justice reports that the long-running fraud case involving a tour boat known as the Semisub has finally c...
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