NOVA Infrastructure, a prominent middle-market infrastructure private equity firm, has revealed the sale of Bold Holdco, LLC to a group of institutional investors advised by J.P. Morgan Global Alternatives’ Global Transportation Group. Bold Ocean, headquartered in Annapolis, MD, is renowned for its
Maersk, the global shipping giant, has recently revised its earnings forecast for the third consecutive time since May, predominantly due to increased freight rates driven by a crisis in the Red Sea region. The company, a bellwether in marine logistics and shipping services, has maintained an
In a pioneering move in the maritime industry, X-Press Feeders, the world's largest independent common carrier, has launched Europe's first scheduled feeder network powered by green methanol. This sustainable marine fuel significantly reduces greenhouse gas emissions by up to 65 percent, marking a
The Sohar Port and Freezone has taken a significant step toward enhancing safety and emergency preparedness through the operational launch of the Sohar Emergency Response Organization (SERO). Operated by Unity Fire and Safety, SERO epitomizes a forward-thinking approach to handling emergencies
The International Maritime Cyber Security Organisation (IMCSO) has emerged as a critical entity in the battle against cyber threats within the maritime industry. With the industry facing increasingly complex and frequent cyberattacks, the need for a unified approach to cybersecurity has never been
In a significant move towards enhancing Saudi Arabia's maritime industry and aligning with Vision 2030 objectives, Folk Maritime Services Co., a leading Saudi Arabian feeder and short-sea services provider, has entered into a strategic collaboration with Bahri Ship Management, a globally recognized
