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Hapag-Lloyd today signed an agreement with ZIM Integrated Shipping Services Ltd., the world’s 10th largest container shipping line, under which Hapag-Lloyd will acquire 100% of ZIM’s shares for a consideration of USD 35.00 per share in cash. The total transaction value amounts to over US$4 billion. The business combination of Hapag-Lloyd and ZIM would secure […]

Dubai-based logistics giant DP World today announced a major change in its corporate leadership, appointing Yuvraj Narayan, Chief Financial Officer since 2005, as new Group Chief Executive, and Essa Kazim, Governor of the Dubai International Financial Centre, as new Chairman. They replace Sultan Ahmed Bin Sulayem, the longtime Chairman and CEO, following detailed reports of

The Drewry World Container Index (WCI) fell 1% to $1,933 per 40ft container for the fifth consecutive week, primarily due to a drop in rates on the Transpacific and Asia–Europe trade routes. “Container spot rates are falling sharply, which indicates that the market is weak, contrary to the general expectation of rising demand and increasing

Port Milwaukee has reported a successful 2025 shipping season with overall cargo volumes rising across nearly every major category and new maritime partners calling on the Port for the first time. Total municipal port tonnage increased by 3% to 1.9 million tons, while total all-cargo tonnage rose 4% to 2.3 million tons compared to the

The U.S. Coast Guard announced today it has completed the award of contracts for 11 Arctic Security Cutters, fulfilling President Trump’s directive to rapidly expand America’s icebreaker fleet, notably to reinforce U.S. capability and sovereignty in the Arctic region. The latest award is for construction of up to five Arctic Security Cutters, with Davie Defense

Fednav Limited, Canada’s largest dry bulk shipping group, has signed a letter of intent (LOI) with Oshima Shipbuilding to build four 35,000‐dwt ocean‐going Lakers. The vessels will be constructed at Oshima’s shipyard in Japan, with the first vessel expected to be delivered by mid‐2029. These Fednav‐Oshima‐designed super‐eco Lakers will be built to specifications similar to

The International Maritime Organization (IMO) has launched a two-year global initiative to promote the World Maritime Day theme for 2026-2027: ‘From Policy to Practice: Powering Maritime Excellence’.   In a video message marking the launch, IMO Secretary-General Arsenio Dominguez stressed that the global regulatory framework developed by IMO must not merely be adopted in principle, but translated into concrete

PSA Halifax welcomes the CMA CGM Cypress as part of the expanded INDAMEX service, strengthening existing direct trade connectivity between the Indian Subcontinent and Canada. The INDAMEX service connects the Indian Subcontinent with the Canadian East Coast, providing comprehensive coverage of key South Asian and Middle Eastern ports, including Nhava Sheva, Mundra, Colombo, Port Qasim, and Jeddah.

Florida headquartered maritime firm Seascour is reenforcing its position as the most environmentally friendly descaler cleaner in the sector by securing two industry accreditations. Seascour President Kelly Hendry confirmed the innovator has successfully passed a rigorous Environmental Protection Agency (EPA) audit to retain the Safer Choice certification for outdoor use. This means Seascour remains the only

As a week-long  meeting of the International Maritime Organization’s (IMO) Pollution Prevention and Response committee opened on Monday, the Clean Arctic Alliance has called for Arctic States to lead other IMO members in supporting a proposal to reduce black carbon emissions from international shipping in the Arctic.   A key paper submitted to the meeting