Samsung Heavy Industries has agreed to settle allegations of corruption in connection with the sprawling Petrobras bribery investigation, paying a fine of $150 million in an agreement with Brazilian prosecutors. 

The Canadian government is set to spend about $765 million for a research vessel that it originally expected to cost $85 million - a ninefold increase. 

The Royal Caribbean Group, which was the world’s second largest operator of cruise ships before the pandemic, presented an optimistic outlook for the resumption of cruising while also reporting staggering financial losses for 2020. News that the company believes progress is being made for the resumption of sailing along with strong bookings at increased prices helped to propels the company’s stock up more than nine percent in heavy trading today on the New York Stock Exchange.

Number of ports experiencing some delays in cross-border trucking services, with rail and barge delays increasing noticeably.

Deendayal Port Trust, one of the 12 major ports in the country, on Thursday said it will sign 15 MoUs for an estimated investment of Rs 3,823.70 crore at Maritime India Summit next month.

German shipping investment that once helped shape the world’s maritime operations is in retreat, as years of steep losses lead many of the country’s biggest banks to abandon ship financing altogether.

Fleetscape Capital Limited (“Fleetscape”), the alternative capital provider to the maritime and offshore industries, has entered into an innovative financing structure with Macquarie Bank Limited (“Macquarie”), which provides a more efficient offer to vessel owners looking at higher leverage situations.

Maritime Resources Corp. ("Maritime" or the "Company") is pleased to announce that Tembo Capital ("Tembo") has conditionally agreed to purchase 30,770,000 common shares of the Company (the "Common Shares"), representing approximately 8.2% on an undiluted basis, at a price of $0.13 per Common Share for a total strategic investment of $4,000,100 via a non-brokered private placement (the "Tembo Private Placement").

Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately 44,150,000 of its common shares (the “Common Shares”) at a price of $1.70 per share, for aggregate gross proceeds of approximately $75.0 million, in a registered direct offering priced at-the-market under Nasdaq rules.

Today, Windward the Predictive Intelligence company applying AI to transform global maritime trade, and Mauritius Commercial Bank Ltd (www.MCB.mu) the longest-standing and leading banking institution in Mauritius, announced a long-term, multi-year partnership to enhance MCB’s due diligence and monitoring processes linked to its commodity trade finance business. Windward’s AI-powered solution will increase efficiency across MCB’s maritime trade finance practices and strengthen compliance and trade-based money laundering screening processes.