MSC Diversifies Yet Again to Buy 15% Stake in Genoa Airport
Mediterranean Shipping Co (MSC), flush with cash, has acquired a 15% stake in Genoa airport for an undisclosed amount of money.
Corporate News
Ambassador Cruise Line Opens U.S. Office & Toll-Free Number
Ambassador Cruise Line has announced the launch of a dedicated office and toll-free phone line in the United States, according to a press release
Mitsui OSK Lines Invests in Innovative Seaglider Technology
Japanese shipping giant Mitsui OSK Lines (MOL) has invested in an American company developing a groundbreaking form of transportation.
Saga Provides Trading Update Ahead of Annual General Meeting
Saga Group issued a trading update in advance of its Annual General Meeting scheduled for Tuesday, June 25, at Numis Securities in London.
Mitsui OSK Lines & Kristian Jebsen in Gearbulk Takeover Deal
MOL, Japan's leading shipowner, is set to acquire Gearbulk from Kristian Jebsen, with the transaction expected to finalize by January 2025.
LPG/Ammonia Carrier Order for Tianjin Southwest Maritime
Tianjin Southwest Maritime has returned to CSSC-affiliated Huangpu Wenchong Shipbuilding to commission larger ammonia dual-fuel gas carriers.
Chocolate Heaven Onboard as Holland America & Lindt Team Up
Holland America Line has announced a new collaboration with Lindt & Sprüngli to offer specially crafted experiences on board, according to PR.
Travel Advisors Could Bag Free Cruise in Variety Promotion
Variety Cruises announced an incentive promotion today for travel advisors booking vacations on the company’s Tahiti and French Polynesia cruises
Stake in Race Bank Wind Farm Bought by Norwegian Wealth Fund
Macquarie Asset Management and Spring Infrastructure Capital have sold 37.5% of the Race Bank wind farm to Norges Bank Investment Management.
Euroseas Enters Time Charter Contract for Newbuild Feeder
The Nasdaq-listed Greek boxship owner, Euroseas, has secured a time charter contract for a new feeder ship that is currently being built.
WSC Annual Report Shows Record Low of Containers Lost at Sea
The World Shipping Council has published its annual report on containers lost at sea, noting a substantial decrease to 221 boxes lost in 2023.
Eurus Energy Buys Into Floating Scottish Wind Farm
Eurus Energy has entered into an agreement to invest in the 100 MW Pentland floating offshore wind farm project located in Scotland.
LNG & Container Ship Orders Push Delivery Dates into 2029
Orders for LNG carriers and container ships continue to dominate the order books at Asian shipyards with brokers reporting an increase in orders.
Maersk Secures V236 Turbine Heavy Lift Contract from Vestas
Danish shipping and logistics company Maersk has secured a contract from Vestas, a leading wind turbine manufacturer in Denmark.
MSC Cruises Press Release Lays Out Leadership Changes
MSC Cruises USA announces President Rubén Rodríguez will retire from his position effective April 30, 2025, in line with long-term personal plans
Further Raft of Shipping Sanctions for Russia During G7
As G7 leaders meet in Italy this week, a new series of coordinated sanctions against Russia have been making headlines, many affecting shipping.
MSC Vessel Hit with Arrest Warrant After Speeding Incident
The US Court issue arrest warrant for MSC Michigan VII following a lawsuit by a terminal operator claiming the vessel damaged a Charleston Pier.
Four New Chemical Tanker Newbuilds for Alita Shanghai
Alita Shanghai International Shipping is expanding its fleet of stainless steel chemical tankers by commissioning up to four new ships.
China and Russia Partner to Create Arctic Liner
Russia is moving forward with a project in collaboration with China to enable year-round container shipping along the Northern Sea Route (NSR).
Marine Hotel Association & Culinary Institute of America Team Up
The Marine Hotel Association has partnered with CIA Consulting, a division of the Culinary Institute of America, the world's leading culinary school