Carnival Corporation Recognized Among World’s Top Companies
Carnival Corporation has been named to Fortune’s 2025 World’s Most Admired Companies list, marking a significant achievement for the cruise giant
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Maersk Reports Strong 2024, Red Sea Uncertainty Looms
In 2024, Maersk, Denmark’s largest shipping company, marked its third-best financial year in its entire 121-year history.
Hapag-Lloyd Secures Green Financing for 24 New Vessels
Germany’s Hapag-Lloyd has finalized funding arrangements for its 24-vessel newbuilding program, which was approved last year.
CMA CGM Acquires Four Ice-Class Container Ships for $120M
CMA CGM has finalized the acquisition of four ice-class wide beam container ships, originally built between 2016 and 2017, from Delphis.
Norwegian Cruise Line Orders Four Ships from Fincantieri
Norwegian has finalized a contract with shipbuilder Fincantieri to construct four cutting-edge cruise ships valued at approximately $9.34 billion
Ocean Network Express and LX Pantos Form Joint Venture
Japanese shipping company Ocean Network Express (ONE) has partnered with Korean logistics firm LX Pantos to launch Boxlinks in the United States.
Ocean Freight Rates Expected to Drop Further in February
Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown.
LNG Carrier Rates Plummet to Record Lows in the Atlantic
The difficult start to the year for LNG carriers reaches new lows, with some ship types now experiencing negative earnings in the Atlantic basin.
Greek Shipping Firm Eurobulk Fined for Pollution Violations
Greek company Eurobulk Ltd. has admitted to violating the Act to Prevent Pollution from Ships and falsifying records to cover up the infractions.
Royal Caribbean Boosts Bookings with AI & Digital Upgrades
Royal Caribbean has enhanced its digital and artificial intelligence capabilities, driving increased bookings, according to CEO Jason Liberty.
First Modern VLCC Sale of the Year Nears Completion
The first modern VLCC sale of 2025 is in progress, with brokers reporting the eight-year-old, 300,000 dwt Leicester has been sold for $87 million
Swiss Shipping Surge: How One Family Transformed an Industry
In a remarkable move, a single family has propelled a landlocked European nation into the ranks of the world’s top shipowning countries.
Hurtigruten & Approach Guides Unveil New Marketing Tools
Hurtigruten has partnered with Approach Guides to introduce innovative solutions featuring instantly co-brandable marketing landing pages.
Dolphin Drilling CEO Steps Down, Interim Successor Named
Bjørnar Iversen, the Chief Executive Officer of semisub rig operator Dolphin Drilling, has officially resigned from his position.
Virgin Voyages Starts 2025 with Record Revenue and Bookings
Virgin Voyages has announced its most successful start to a year yet, reporting unprecedented revenue and booking numbers as it heads into 2025.