Norwegian Cruise Line Holdings missed estimates for first-quarter revenue and profit on Wednesday and warned of weak consumer spending on premium voyages due to growing concerns over a possible recession, sending its shares down 9%.The cruise…
Read more
Ukrainian Navy Retrieves and Defuses Russian Bomb from the Black Sea
Ukraine's navy said it retrieved and defused a Russian FAB-500 aviation bomb at the shores of Odesa on Tuesday (April 29).Reuters was not able to verify the location or date of the Navy's footage from underwater and from the controlled explosion, howev...
Read more
Philippines and New Zealand Strengthen Defense Ties with Troop Pact
The Philippines and New Zealand strengthened defence ties with the signing of a landmark troop pact on Wednesday, opening the way for expanded military cooperation amid shared security concerns in the Indo-Pacific region.The Status of Visiting Forces A...
Read more
AYK Energy Strikes Biggest Retrofit Deal with Wasaline Shipping Line
Marine battery maker AYK Energy is gearing up production after striking a deal to undertake the biggest ever battery retrofit on a vessel operated by Finnish shipping line Wasaline.AYK will install a 10.4MWh battery on the hybrid-electric Ropax ferry…
Read more
Denmark’s damZgard Mechanics to Join Thordon Bearings’ Distributor Network
Thordon Bearings, a leader in environmentally safe, high-performance shaft bearing and seal systems, has welcomed Denmark’s damZgard Mechanics to its network of authorized distributors.With a reputation as a leading supplier of mechanical engineering s...
Read more
XMAR Welcomes New Chief Executive Officer
XMAR, a maritime technology company, announced that Hans-Christian Mordhorst is joining the company as Chief Executive Officer (CEO). Mordhorst brings more than 25 years of experience in the maritime industry, including a decade of leadership in mariti...
Read more
Marlink Launches External Attack Surface Management to Provide Cyber Threat Detection
Marlink, a leader in managed services for business-critical IT solutions, has released External Attack Surface Management (EASM) to help protect customers from cyber threats before they strike.Following the successful launch of Marlink Cyber…
Read more
Orient Overseas Orders 14 Container Vessels From COSCO Shipping
Hong Kong-listed Orient Overseas (International) said on Tuesday that its units have ordered the construction of 14 container vessels from China COSCO Shipping Corp totaling $3.08 billion in value.The container transport and logistics firms said that t...
Read more
Petrobras Aims to Lure Chinese Investments to Brazil’s Naval Sector
Brazilian state-run energy giant Petrobras seeks to attract fresh Chinese investments to Brazil's oil and gas sector, especially in the naval sector, it said on Tuesday, as Chief Executive Magda Chambriard visits the Asian country.Chambriard and Presid...
Read more
Maersk: All Trans-Pacific Sailings Maintained Despite Tariffs and Trade War
Maersk said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.German container…
Read more