Following the appointment of Vincent Clerc as CEO, which became effective January 1, A.P. Moller – Maersk (Maersk) has announced a new organizational structure and a new executive leadership team. The changes
The wedding is off. John Fredriksen controlled tanker giant Frontline plc is no longer to pursue the tanker mega merger with Antwerp-headquartered Euronav NV first announced back in April last year. The
Copenhagen-headquartered Scandlines has installed new blades on the center propellers of the two battery-hybrid ferries it operates on the Gedser-Rostock route between Denmark and Germany. This has optimized the vessels for their
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is expanding its naval defense capabilities by offering the nForcer FM 175D engine, its first engine designed for high-speed applications. With
The third of three identical battery-powered zero-emission ROpax ferries built by Singapore’s Sembcorp Marine has been handed over to Norwegian ferry operator Norled AS. The vessel, the Leikanger, is now headed to
On October 14, 2022, the Federal Maritime Commission (FMC) issued a notice of proposed rulemaking (NPR) on detention and demurrage billing requirements. Industry interests didn’t like it, saying that it had aspects
Huntington Ingalls Industrie (NYSE: HII) reports that its Ingalls Shipbuilding division has been awarded a $10.5 million contract for the modernization period planning of Zumwalt-class guided missile destroyers, USS Zumwalt (DDG 1000)
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) has lined up the supply of LNG for the two 199.9 meter long LNG dual-fueled ferries it has on order at the Shimonoseki Shipyard & Machinery
As of yesterday, U.S Coast Guard Sector Lake Michigan and its partners were still working to refloat and limit potential impacts from a towing vessel that sank at its moorings in the
In a brief regulatory filing today, London-based shipbroking giant Clarksons announced that, following strong trading throughout the final quarter, particularly from its broking division, results for the year ending December 31, 2022,