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Hapag-Lloyd’s acquisition of Zim an era defining moment

HAMBURG : Hapag-Lloyd’s $4.2 billion deal to buy Zim is the beginning of the end of the container shipping’s age of consolidation as the...

Marcura acquires Shipdem, strengthening chemical tanker claims capability

DUBAI/LONDON:  Marcura has acquired Shipdem, a UK-based specialist in chemical tanker laytime and demurrage, from its parent company, Casper Shipping. The acquisition deepens Marcura’s capability...

Hapag-Lloyd signs merger agreement with ZIM

Combined business would exceed a standing capacity of over 3 million TEU with more than 400 vessels and transport more than 18 million TEU...

ClassNK launches Pilot Testing of 3D Model-based approval system with ten Japanese companies

TOKYO : ClassNK has launched a joint pilot test with ten Japanese companies for its drawing approval system ‘NK-PASS1’ and the ‘ClassNK 3DViewer2,...

ZIM to be sold to Hapag-Lloyd for over $3 billion

HAIFA : ZIM will be sold to German shipping giant Hapag-Lloyd in a deal worth over $3 billion, according to media reports. The deal,...

New Damietta Alliance Container Terminals (DACT) launches commercial operations

DAMIETTA PORT (EGYPT): The “Essen Express” (13,117 TEU) will be the first Hapag-Lloyd vessel to call at the Damietta Alliance Container Terminals (DACT) facility...

Jumbo Offshore completes mooring line installation for Errea Wittu FPSO mooring spread for ExxonMobil Guyana Ltd. at Uaru Field, Stabroek Block, Offshore Guyana

SCHIEDAM: Jumbo Offshore has completed mooring pre-installation activities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field, Stabroek Block, Offshore...

Maersk announces PSS on Asia–South Asia trade lane

MUMBAI : A.P. Moller – Maersk has announced a Peak Season Surcharge (PSS) for cargo moving from Asia to India, Nepal, and Sri Lanka,...

Elcome and Amazon ink connectivity agreement

DUBAI: ELCOME, a global provider of maritime technology and satellite communication solutions, announced today that it has signed an authorised reseller agreement with Amazon...

Hapag-Lloyd publishes preliminary business figures for 2025

HAMBURG: On the basis of preliminary figures, Hapag-Lloyd achieved Group revenues of USD 21.1 billion (EUR 18.6 billion) in the 2025 financial year. The Group EBITDA stood at USD...

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