Dongwon Group reignites its bid to acquire HMM, South Korea’s largest shipping company. Despite HMM’s high valuation, major players like POSCO and HD Hyundai are reconsidering their offers.
Maersk has successfully tested ethanol-methanol blends for its dual-fuel vessels, marking a key step in decarbonization. Further trials with higher ethanol levels are planned.
A bulk carrier transiting the Bab el-Mandeb Strait was chased and fired on twice by suspected pirates, with onboard guards returning fire. All crew were reported safe in this strategic waterway for oil and gas exports.
CMA CGM will restart its INDAMEX service via the Suez Canal, cutting the full loop to 77 days and freeing up two vessels as the container market faces overcapacity and weaker spot rates.
A mysterious Chinese semi-submersible trimaran spotted at the PLAN’s Huangpu Shipyard shows a submarine-like hull in a trimaran layout, prompting debate over roles from arsenal platform to drone carrier.
Romania’s defence ministry says naval divers carried out a controlled blast to destroy a Sea Baby-type unmanned surface drone found adrift near a key Black Sea shipping lane, citing a threat to vessels.
Hapag-Lloyd has submitted an offer to acquire ZIM, with shares of the Israeli shipping company rising as the board reviews multiple bids.
Drug cartels are exploiting livestock ships loaded with sick or dead cattle to hide tons of cocaine, using grain silos and hidden compartments. The vessels head from South America to Europe via routes through the Middle East, leveraging the filthy, dangerous conditions to deter inspection. Only one such ship has been seized over 18 years — underscoring the challenge for law enforcement.
Norsepower has signed an agreement with Idemitsu Tankers to equip two VLCCs with Rotor Sails™, marking the first-ever installation of wind propulsion on these large crude carriers.
