Grace Ocean & Synergy Agree to Settlement Over Baltimore Bridge
Singaporean companies Grace Ocean and Synergy Marine, the owners and operators of the Dali containership, have agreed to pay $102 million.
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Princess Cruises Adds Blake Lively's Betty Booze & Betty Buzz
Princess to expand its Love Line Premium Liquors range by introducing Betty Booze and Betty Buzz, the beverages created by actress Blake Lively.
COSCO Shipping Ports Acquires Stake in Thailand's Largest Port
COSCO Shipping Ports has made a significant investment in Thailand’s largest port by acquiring stakes from Hutchison Ports at Laem Chabang.
Chinese Car Parts Manufacturer Expands Into Shipbuilding
Chinese automotive parts manufacturer Xingmin ITS is diversifying into shipbuilding by acquiring a 30% stake in Zhejiang East Coast Shipbuilding.
Fincantieri & Viking Partner for Two New Cruise Ships by 2030
Fincantieri has announced the signing of contracts with Viking to build two new cruise ships, continuing their ongoing partnership.
Ambassador Cruise Line Hosts Agents on Norway Fjordlands Trip
Ambassador Cruise Line recently welcomed 14 travel agents aboard the Ambience for a seven-night familiarization trip to Norway's fjordlands.
Ocean Winds & Eletrobras Team Up for Offshore Wind Projects
Ocean Winds, a venture between France’s Engie and Portugal’s EDP, partnered with Brazilian power company Eletrobras to explore offshore wind farms
CMA CGM Purchases Five High-Reefer Ships from Seatrade
Analysts at Alphaliner report that CMA CGM has acquired five high-reefer 2,259 TEU container vessels it previously had on charter from Seatrade.
Carnival Cruise Line Enhances Training for Travel Advisors
Carnival is rolling out an improved version of its Learn & Earn platform for travel advisors, expanding its popular Loyalty Rocks! program.
MSC Acquire Majority in Brazilian Port Operator Wilson Sons
Swiss giant MSC, through its subsidiary SAS, agrees to purchase majority stake in the Brazilian port and maritime logistics company Wilson Sons.
Hong Kong Launches New Board to Boost Maritime Industry Growth
Hong Kong to create Maritime and Port Development Board to help government shape policies, develop long-term strategies to strengthen position.
Offshore Vessel Prices Soar as Newbuild Values Nearly Double
A recent report highlights the dramatic rise in offshore vessel prices, with some types experiencing nearly a twofold increase in just 3 years.
DP World Acquires 47,000 Containers for the First Time
For the first time, terminal operator DP World has acquired 47,000 TEU containers that are now officially registered and branded to the company.
India Approves Coastal Shipping Bill to Boost Efficiency
India's cabinet has approved the Coastal Shipping Bill, aimed at streamlining shipping operations across the country & better inland integration
Maersk Places Landmark Orders for LNG Dual-Fuel Vessels in China
Brokers report that Maersk has turned to China for its latest expansion, placing significant orders for LNG dual-fuel vessels.