Saga on Wednesday reported a stronger than expected annual profit, sending its shares sharply higher, as lower motor insurance payouts during lockdowns offset losses in its over-50s tour and cruise operations.The British company, hit hard last…
Saga Posts Surprise Profit Amid Cruise Shutdown Read More »
Kongsberg Digital (KDI) and the University of South-Eastern Norway (USN) are partnering to develop cloud-based simulation exercises for the international maritime education market.As a developer of cloud-based simulation software, KDI is aiming…
Norwegian Partners Developing Cloud-based Maritime Training Read More »
Carnival Corp said on Wednesday booking volumes for cruises increased in its first quarter, as pent-up demand for global travel offers hope of a turnaround for a sector decimated by the COVID-19 pandemic.The company’s shares rose 4.6% to $29.91…
Carnival Says Cruise Bookings Accelerate on Pent-up Demand Read More »
Divestment of 2019-built ship comes amid talks with lenders and dwindling liquidity in pandemic-strapped domestic market
Overseas Shipholding Group selling product tanker in liquidity squeeze Read More »
The number of 15,000+ TEU ultra-large containership (ULCS) ordered reached record heights in March, reflecting the confidence of shipowners and investors amid continued strong demand in the container shipping sector.According to shipping organization B…
A Record 45 Ultra-large Containerships Were Ordered in March Read More »