Move over Facebook, Amazon, Netflix and Google, you’re currently being outperformed financially by the ocean carrier giants. Actual net income for the container shipping industry in third quarter 2021 was $48.1 billion,
Norwegian offshore wind service specialist Edda Wind, which is owned on a 50/50 basis by Wilhelmsen New Energy AS and Østensjø Wind AS, today announced it had launched its long expected Oslo
Mobile satellite communications giant Inmarsat is set to be acquired by Carlsbad, Calif., based Viasat Inc., (NASDAQ: VSAT) under a definitive agreement announced today. The news comes two years after U.K.-based Inmarsat
CIT Group Inc. (NYSE: CIT) today reports that its Maritime Finance business has arranged to provide up to $58 million to refinance four containerships operated by Leonhardt & Blumberg. The financing includes
New York City headquartered investment firm Stonepeak is to add TK LNG Partners (NYSE: TGP) to its $39 billion portfolio of infrastructure and real assets under management. A merger agreement announced today
A deal has been finalized that will soon see an Oldendorff Carriers post-Panamax bulker become the largest vessel to ever call at New Zealand for the loading of logs. The fixture is
Container shipping giant A.P. Møller – Mærsk A/S (APMM) said today that, for the first two months of third quarter 2021 it has “recognized a financial performance significantly ahead of our previous
BIMCO’s chief shipping analyst Peter Sand is leaving the international shipping association to join Oslo-headquartered ocean and air freight rate benchmarking and market analytics platform Xeneta, where he will serve as chief
In a filing with the SEC, Saltchuk Holdings says that it has informed Jones Act tanker and ATB operator Overseas Shipholding Group Inc. (NYSE: OSG) that it is suspending discussions of a
During a recent meeting with chemical distributors, Federal Maritime Commissioner Carl W. Bentzel heard concerns about systemic reductions for hazardous materials transportation via ocean. The distributors source chemical products from manufacturers overseas