News

Hapag-Lloyd in advanced talks to acquire Zim

Hapag-Lloyd in advanced talks to acquire Zim

German container shipping major Hapag-Lloyd has confirmed advanced negotiations to acquire 100% of shares in Israeli rival ZIM Integrated Shipping Services in a deal reportedly worth up to $3.7bn.

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DP World removes CEO Sultan Ahmed bin Sulayem over Epstein ties

DP World removes CEO Sultan Ahmed bin Sulayem over Epstein ties

Dubai-based ports and logistics major DP World has dismissed its long-serving chairman and CEO Sultan Ahmed bin Sulayem following the release of new documents by the US Department of Justice that reference his connections to convicted sex offender Jeffrey Epstein.

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Capital Maritime & Trading Corp. orders 11 VLCC newbuildings in China

Capital Maritime & Trading Corp. orders 11 VLCC newbuildings in China

Greek shipping magnate Evangelos Marinakis is accelerating his VLCC fleet expansion, with Capital Maritime and Trading placing an order for 11 very large crude carriers at China’s Hengli Heavy Industry.

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Maersk orders eight 18,600-TEU dual-fuel container ships to strengthen fleet renewal

Maersk orders eight 18,600-TEU dual-fuel container ships to strengthen fleet renewal

Maersk has ordered eight large container vessels with a capacity of around 18,600 TEU each, as part of its ongoing fleet renewal and deployment flexibility strategy.

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MV Sealloyd Arc sinks off Phuket as Thai navy rescues all 16 crew members

MV Sealloyd Arc sinks off Phuket as Thai navy rescues all 16 crew members

All 16 crew members of the small container ship Sealloyd Arc were safely rescued after the vessel sank off the coast of Phuket, Thailand. The Royal Thai Navy confirmed that none of the seafarers sustained injuries, despite the rapid deterioration of the ship’s condition.

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