Hapag-Lloyd deal tested as ZIM receives richer unsolicited offer
ZIM’s board of directors was forced yesterday to issue a public statement reaffirming that its merger agreement with Hapag-Lloyd and Israeli private equity fund FIMI…
ONE returns to HD Hyundai for $1.2bn LNG-fuelled boxship deal
Ocean Network Express has returned to South Korea’s HD Hyundai Heavy Industries for another batch of LNG-capable containerships, pressing ahead with its long-term alternative-fuel fleet…
One LNG transit, zero breakthrough in Hormuz crisis
Peace in the Persian Gulf appears no closer after president Donald Trump flatly rejected Iran’s response to a US peace proposal over the weekend, even…
CMA CGM to invest $820m in Kenya’s Port of Mombasa
France’s CMA CGM has agreed to invest Ksh106bn ($820m) to modernise and expand two terminals at the Port of Mombasa under a cooperation framework with…
Criminal charges filed against Synergy over Key Bridge collapse
Federal prosecutors have filed criminal charges against Singapore-based shipmanager Synergy Marine over the 2024 collapse of Baltimore’s Francis Scott Key Bridge, two years after the…