Business News
Israeli Opposition Emerges as Hapag-Lloyd Signs Deal to Acquire Zim
Hapag-Lloyd officially signed the agreement to acquire Zim and sell its domestic operations to FIMI, an Israeli private equity com...
Read More >>Hapag-Lloyd Buys Out ZIM
Number-five container line Hapag-Lloyd has agreed to buy 10th-ranked carrier ZIM, Israel’s de facto national shipping line. A head...
Read More >>DP World Changes Leadership Responding to Pressure Over Epstein Scandal
Port and logistics powerhouse DP World reported on Friday, February 13, that it is changing its management leadership as pressure...
Read More >>Pan Ocean Moves to Expand Tanker Ops as Korea’s SK Exits Wet Tankers
The tanker market continues to consolidate as Pan Ocean reported it has agreed to pay approximately $668 million to acquire the ta...
Read More >>Norwegian Cruise Line Holdings Appoints New CEO in Continuing Shakeup
Norwegian Cruise Line Holdings, one of the largest public companies in the cruise industry, reported the sudden change of leadersh...
Read More >>Saltchuk Agrees to Buy Great Lakes Dredge & Dock in $1.5B Deal
Saltchuk Resources, which continues to build a diversified holding in marine services, freight transport, and energy distribution,...
Read More >>Investors Back Away from DP World as CEO's Links to Epstein Scandal Appear
While the shipping world seemed to be far removed from the growing U.S. scandal around convicted sex offender Jeffrey Epstein, log...
Read More >>Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager
According to a stock exchange filing, Korea’s Samsung Heavy Industries canceled the delivery of the first of two crude oil tankers...
Read More >>China's Belt and Road Initiative Boomed in 2025
[By Tom Baxter] Last year, Chinese companies’ “engagement” in 150 countries involved in the Belt and Road Initiative (BRI) reached...
Read More >>Maersk Predicts Difficult Times for Industry After a Strong Performance
Maersk, long considered a bellwether of the container shipping industry and broader global economy, presented a bleak near-term ou...
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