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Category: container shipping

  • Hapag-LLoyd to acquire ZIM in $4.2 BN cash deal

    Hapag-LLoyd to acquire ZIM in $4.2 BN cash deal More consolidation in the container shipping business: Hamburg-headquartered Hapag-Lloyd and Haifa, Israel-headquartered ZIM Integrated Shipping Services Ltd have signed an agreement under which Hapag-Lloyd will acquire 100% of ZIM’s shares for a consideration of $35.00 per share in cash. The total transaction value amounts to over…

  • Q&A:  Peter Peltenburg, CEO, Cargo Care Solutions

    Q&A:  Peter Peltenburg, CEO, Cargo Care Solutions As Netherlands-based Cargo Care Solutions marks its 40th anniversary, the company stands at a pivotal moment of growth and innovation. Known for its global expertise in servicing and supplying spare parts for cargo access equipment, cargo pump systems, container lashing, and hydraulics, Cargo Care Solutions has built a…

  • Ocean shipping carbon tax could gouge US consumers, say opponents 

    Ocean shipping carbon tax could gouge US consumers, say opponents  Government representatives are meeting this week to finalize the first-ever global carbon tax on ocean shipping emissions in a move that opponents say could disproportionately hit American consumers. The initiative is being driven by the International Maritime Organization, which regulates global shipping, following a 2023…

  • Hapag-Lloyd expects lower earnings in 2025

    Hapag-Lloyd expects lower earnings in 2025 Container shipping firm Hapag-Lloyd published its new annual report yesterday, March 20. According to the report, a slight increase in the operating result was achieved in 2024 while lower results are expected in 2025 due to U.S. tariffs and Houthi militant attacks on shipping in the Red Sea. The…

  • Shipping colossals deepen ties with India amid growing maritime ambitions

    Shipping colossals deepen ties with India amid growing maritime ambitions French container shipping heavyweight CMA CGM, along with Denmark’s A.P. Moller–Maersk and Switzerland’s Mediterranean […] The post Shipping colossals deepen ties with India amid growing maritime ambitions appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Red Sea woes help Maersk achieve third-best financial year

    Red Sea woes help Maersk achieve third-best financial year Red Sea woes have had the effect of blotting up container capacity and one of the largest containership operators of all, A.P. Moller – Maersk, reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to $6.5…

  • VIDEO: ZEMBA moves to kick start deployment of e-fuels

    VIDEO: ZEMBA moves to kick start deployment of e-fuels The Zero Emission Maritime Buyers Alliance (ZEMBA), a shippers’ group whose members include major freight buyers such as Amazon, IKEA and Levi Strauss, is moving to accelerate the deployment of e-fuels in its next tender Established in 2023, ZEMBA is an initiative of Cargo Owners for…