Maritime News
Latest updates from the maritime industry
538 articles found
India Launches State-Owned Container Shipping Line
India forms a consortium of state-owned entities to establish a nationally-owned container shipping line, Bharat Container Shipping Line, following the recent relaxation of cabotage rules.
By MGN Editorial
Explosion Hits MSC Boxship Near St. Petersburg
An explosion and fire have knocked out an MSC container ship near St. Petersburg, Russia, highlighting the risks facing vessels in the region.
By MGN Editorial
Maritime Industry Briefing: Bonding Wires, Autonomous Tech, and More
A roundup of recent news in the maritime industry, including growth in the bonding wires market, expanded partnerships for autonomous technology, and other developments.
By MGN Editorial
SBM Offshore Subsidiary Designs CO2 Transport and Injection Solution for North Sea
SBM Offshore's IMODCO Terminals subsidiary has secured a contract to design a CO2 transport and injection solution for the Southern North Sea.
By MGN Editorial
Maersk Posts Q4 Loss, Announces Job Cuts Amid Challenging Market
Maersk, the world's largest container shipping company, reported a Q4 pre-tax loss and plans to cut 1,000 jobs due to overcapacity and global trade headwinds.
By MGN Editorial
Ternary Cathode NCM Material Market Poised for Rapid Growth Driven by EV Battery Demand
The global ternary cathode NCM material market is projected to reach $28.65 billion by 2031, driven by surging demand for electric vehicle batteries.
By MGN Editorial
Freight Demand Shifts Shake Up Maritime Sectors
Changing freight patterns impact U.S. rail, project cargo shipping, and cruise travel for seniors.
By MGN Editorial
Electric Motor Core Market Surges, Driven by EVs and Automation
The global electric motor core market is projected to reach $26.6 billion by 2031, driven by growth in electric vehicles and industrial automation, according to a new report.
By MGN Editorial
CATL Chairman Outlines Vision for Sustainable Energy Future
CATL chairman Robin Zeng discusses the company's role in the transition to zero-carbon energy technologies at the World Government Summit in Dubai.
By MGN Editorial
CATL Chairman Touts Zero-Carbon Energy Technology at Global Summits
CATL chairman Robin Zeng discusses the future of sustainable energy technology at high-profile global events, highlighting the company's progress towards zero-carbon emissions.
By MGN Editorial
Maersk Cuts Jobs, Earnings Drop as Red Sea Reopens
Maersk plans job cuts and cost discipline as freight rates decline with the reopening of Red Sea shipping routes.
By MGN Editorial
Maritime Industry Briefing: Chiquita's X Games Debut, AutoFlight's eVTOL Unveiling
This maritime industry news roundup covers Chiquita's sponsorship of the X Games and AutoFlight's unveiling of the world's first 5-ton class eVTOL aircraft.
By MGN Editorial
North Sea Gas Wells Converted for CO2 Storage in Porthos Project
Four North Sea gas production wells have been repurposed for CO2 injection as part of the Dutch Porthos carbon capture and storage project.
By MGN Editorial
Oceania Cruises Celebrates Keel Laying for New Luxury Ship
Oceania Cruises has reached a major milestone in the construction of its next-generation Sonata Class vessel, Oceania Sonata, at the Fincantieri shipyard in Italy.
By MGN Editorial
Russia's Arctic LNG Fleet Faces Capacity Crunch
Russia's newest ice-class LNG carrier Alexey Kosygin made its inaugural delivery, but the country's Arctic fleet faces a looming capacity shortage.
By MGN Editorial
Sysco Truck Drivers Awarded $52M in Whistleblower Retaliation Case
A California jury awarded $52 million to truck drivers who said Sysco retaliated against them for reporting safety and labor violations.
By MGN Editorial
Damen Completes Sea Trials for BC Ferries' Latest Island Class Vessel
Damen Shipyards Group has successfully completed sea trials for the seventh Island Class ferry being built for BC Ferries, marking a key milestone in the ongoing fleet renewal program.
By MGN Editorial
Morpheus Space Secures $15M Investment to Boost Electric Propulsion Production
Morpheus Space, a leading manufacturer of advanced electric propulsion systems, has secured a $15 million strategic investment to accelerate its mass-production expansion.
By MGN Editorial
Chevron Celebrates 2,000th LNG Cargo from Australian Project
Chevron's Australian subsidiary marks a major milestone with the 2,000th cargo from its massive Gorgon liquefied natural gas (LNG) project off Western Australia.
By MGN Editorial
Maritime Industry Roundup: Factoring Growth, Earnings Reports, and Executive Moves
A roundup of recent news in the maritime industry, including Love's Financial Services' factoring growth plans, XPO's Q4 earnings beat, and executive changes at Canadian National Railway.
By MGN Editorial