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.
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.
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.
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.
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.
The Liberian-flagged chemical tanker Seaways Kenosha has rescued 27 crew members from a sinking tuna fishing vessel in the Eastern Pacific, in an operation that underscores the growing importance of satellite distress technology and merchant vessel cooperation.
At least 15 migrants have died after a high-speed migrant boat collided with a Hellenic Coast Guard patrol vessel in the Aegean Sea near the Greek island of Chios.