Corporate News

Heineken Unveils Limited-Edition Cans for SAIL 2025 Festival

Heineken has revealed two special-edition collector lager cans to celebrate SAIL 2025, taking place from August 20-24, 2025.

A neon Heineken sign

EPA Rescinds Permit for New Jersey Offshore Wind Project

The U.S. Environmental Protection Agency has withdrawn a permit for New Jersey’s first offshore wind farm, potentially halting the project.

wind turbines against a blue sky

U.S. LNG Producers Seek Higher Prices Amid Rising Costs

Several U.S. LNG producers are looking to renegotiate higher prices with buyers due to increasing construction, labor, and borrowing costs.

$100 dollar bills

Grimaldi Group Takes Delivery of Final GG5G Vessel, ECO Napoli

The Grimaldi Group has officially taken delivery of the ECO Napoli, marking the completion of its GG5G-class vessel series.

A Grimaldi container ship in port

Elbdeich Reederei Confirms Order for Two More Containerships

Elbdeich Reederei finalizes orders for two new containerships from Huangpu Wenchong Shipyard in China, reinforcing its fleet expansion strategy.

A Chinese shipbuilding yard

Viking Expands China Market with Dedicated River Cruise Ships

CEO Torstein Hagen discussed growing focus on Chinese market, stating that four of Viking’s river vessels in Europe are now for Chinese travelers

A Viking cruise ship

South Korea Expands Shipyard Workforce Amid Labor Shortages

South Korea is widening its search for workers to fill labor shortages in its booming shipbuilding sector, bringing in employees from Uzbekistan.

The flag of Uzbekistan

Sen. Sullivan Proposes Exempting Cruises from Canada Stop

Per the Anchorage Daily News, Alaska’s U.S. Senator has announced plans to seek the suspension of the law requiring cruise ships to stop in Canada

Juneau Port in Alaska

ACCC Raises Concerns Over DP World’s Acquisition of Silk Logistics

Australian Competition & Consumer Commission raise concerns about DP World’s proposed acquisition of Silk Logistics, citing potential competition issues.

Aerial view of a container terminal

Insurance Implications & Financial Impact Of North Sea Incident

The accident is expected to result in substantial insurance claims, with estimates ranging from $100 million to $300 million.

People in business suits looking at documents on a clipboard

Interzum 2025 Expects Stronger Cruise Industry Presence

Interzum 2025, set to take place from May 20-23 at Koelnmesse in Cologne, Germany, is anticipating greater participation from cruise line execs.

A trade show for furniture vendors

Triton to Acquire GCI in $1 Billion Deal, Expanding Fleet

Triton, one of the world's largest container leasing companies, announces agreement to acquire Global Container Int. in a deal worth over $1bn.

Red and blue shipping containers in a terminal

Marella Cruises Expands Microfibre Capture Across Fleet

Marella Cruises, in collaboration with Cleaner Seas Group, is launching an industry-first initiative to combat microfibre pollution across its fleet

Microplastics and fibers on a beach

Pacific Adventure Marks Final Cruise for P&O Australia

The Pacific Adventure departed from Sydney on March 10, 2025, for its very final voyage under the P&O Cruises Australia brand.

A cruise ship in Sydney Harbor

Ocean Winds Secures License for 1,125MW Wind Farm in Korea

Ocean Winds, a venture between France’s Engie and Portugal’s EDP, receives electricity business license for its offshore wind farm in South Korea

An offshore windfarm at sunset

Transnet Seeks Operator for Durban Multipurpose Terminal

South Africa’s Transnet National Ports Authority (TNPA) is seeking an operator for a multipurpose terminal at the Port of Durban.

A large vessel in Durban port

Hapag-Lloyd Acquires Majority Stake in Le Havre Terminal

Hanseatic Global Terminals has purchased a 60% stake in CNMP, the operator of Atlantique container terminal in Le Havre, France.

Le Havre port

MOL Acquires LBC Tank Terminals in $1.72 Billion Deal

MOL announces acquisition of LBC Tank Terminals, a leading operator specializing in the storage and handling of chemicals in Europe and the U.S.

A MOL car carrier

Performance Shipping Secures Funding for Third Newbuild Tanker

Greece-based Performance Shipping has finalized financing for its third newbuild vessel in China through another sale and leaseback agreement.

A Chinese ship building yard

CMA CGM Overtakes Maersk to Become Second Largest Liner

CMA CGM, the most aggressive ship acquirer of the year so far, has reached a significant milestone in the container shipping industry.

A CMA CGM container ship