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Germany’s Hapag-Lloyd has confirmed it is in advanced negotiations to acquire all shares in Israeli rival Zim Integrated Shipping Services in a deal reported to be worth up to $3.7bn. In a brief statement, the Hamburg-based carrier said no binding agreement has yet been signed and that approvals from its management and supervisory boards are …
https://splash247.com/hapag-lloyd-closes-in-on-zim-takeover/
https://splash247.com/hapag-lloyd-closes-in-on-zim-takeover/Russia's Black Sea port of Taman, which handles oil products, grain, coal and commodities, has been damaged by a Ukrainian drone attack, the governor of Russia's Krasnodar region said on Sunday.Two people were injured as an oil storage tank…
https://www.marinelink.com/news/russias-taman-port-damaged-ukrainian-535751
https://www.marinelink.com/news/russias-taman-port-damaged-ukrainian-535751The U.S. Department of Defense conducted a maritime interdiction and boarding of the vessel Veronica III, which tried to defy President Donald Trump’s quarantine, the department said on Sunday."Overnight, U.S.
https://www.marinelink.com/news/us-boards-vessel-defying-trumps-535752
https://www.marinelink.com/news/us-boards-vessel-defying-trumps-535752The Trump administration is promoting artificial intelligence exports and maritime surveillance technology at Asia-Pacific Economic Cooperation (APEC) meetings in southern China this week, as Washington seeks to counter Beijing’s technological and maritime influence.Casey Mace, the U.S.
https://www.marinelink.com/news/us-pushes-fisheries-tech-apec-amid-china-535753
https://www.marinelink.com/news/us-pushes-fisheries-tech-apec-amid-china-535753The Coast Guard commissioned its newest and sixth Arctic District Fast Response Cutter (FRC), Coast Guard Cutter Frederick Mann (WPC 1160), for official entry into its service fleet during a ceremony held in Kodiak, Alaska, Friday.The ceremony was presided over by Rear Adm.
https://www.marinelink.com/news/coast-guard-commissions-uscgc-frederick-535754
https://www.marinelink.com/news/coast-guard-commissions-uscgc-frederick-535754The India-US trade deal, agreed early February, would open the door to the exports of US corn and dried distillers grains with solubles, market participants said Feb. 12. India and the US have unveiled a new trade agreement that resets and expands economic ties after months of tension over tariffs and market access. Under the ...
https://www.hellenicshippingnews.com/india-us-trade-deal-opens-doors-for-us-corn-ddgs-exports-industry-sources/Capesize The Capesize market started the week on a softer note but gradually reversed course from mid‑week as both basins lent support. The Capesize 5 Timecharter average (C5TC 182) opened at $25,692 and closed at $28,849, marking a $3,157 rise over the five trading days. Among all routes, the transpacific run delivered the strongest contribution ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-found-support-towards-the-end-of-the-week/DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with mounting pressure over his alleged ties to Jeffrey Epstein.Bin Sulayem, one of the Middle East's most prominent business figures, is among the highest-profile executives to…
https://www.marinelink.com/news/epstein-files-brings-down-dp-world-boss-535727
https://www.marinelink.com/news/epstein-files-brings-down-dp-world-boss-535727Often debated and long-awaited, The White House released its long-anticipated America’s Maritime Action Plan (MAP), a 40+ page blueprint aimed at what it calls a new “Maritime Golden Age” for the United States.The document, developed under Executive Order 14269…
https://www.marinelink.com/news/trump-administration-unveils-details-535729
https://www.marinelink.com/news/trump-administration-unveils-details-535729The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped a two-day winning streak on Friday, falling about 0.6% to 2,083 points, pressured by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, decreased by 1.9% to 3,181 points. Meanwhile, the panamax ...
https://www.hellenicshippingnews.com/baltic-dry-index-halts-2-day-advance/
https://www.hellenicshippingnews.com/baltic-dry-index-halts-2-day-advance/