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News
Hapag-Lloyd Revising $4.2B ZIM Offer to Address Israeli Concerns
4+ day, 15+ hour ago (490+ words) © olrat - stock.adobe.com / Adobe Stock Hapag-Lloyd is working with the Israeli government on improvements to its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services, the German shipping group said on Monday. The proposed deal has faced heavy opposition…...
Could the Northern Sea Route Offer an Arctic Alternative to Suez and Hormuz?
4+ day, 16+ hour ago (1293+ words) ...
German shipping giant changes $4.2 billion ZIM deal to protect Israel’s strategic routes
4+ day, 20+ hour ago (743+ words) German shipping group Hapag-Lloyd is revising its proposed $4.2 billion acquisition of ZIM Integrated Shipping Services after Israeli officials and workers warned that foreign ownership could weaken the country’s control over vital maritime connections. Reuters reported that Hapag-Lloyd had held several…...
Kuwait Ships about 1 Million Barrels of crude daily despite Hormuz risks
4+ day, 20+ hour ago (267+ words) The ship-to-ship (STS) method allows a tanker carrying crude from inside the Persian Gulf to transfer its cargo to another vessel after reaching waters outside the most dangerous section of the route. The receiving tanker can then continue toward Asian…...
Hijacking pirates exploit regional chaos to return to seas off Somalia
4+ day, 20+ hour ago (889+ words) US-Israel war on Iran and political instability in Somalia lead to pirates targeting cargo ships off Horn of Africa The scourge of Somali piracy targeting cargo ships and smaller dhows off the Horn of Africa has returned to levels not…...
Hapag-Lloyd plans improvements to $4.2 billion bid for Israel's ZIM
5+ day, 13+ hour ago (366+ words) JERUSALEM, Sept 7 (Reuters) - Hapag-Lloyd is working with the Israeli government on improvements to its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services, the German shipping group said on Monday. The proposed deal has faced heavy opposition in Israel, including…...
Panama Canal cuts daily crossings as El Nino drought bites
1+ week, 22+ hour ago (236+ words) Kuwait Times Panama Canal cuts daily crossings as El Nino drought bites PANAMA CITY: The Panama Canal on Friday began reducing the number of ships passing through due to a drought caused by the El Nino weather phenomenon. The Panama…...
In Hormuz, Iran only needs to keep ships guessing
1+ week, 17+ hour ago (1676+ words) Even the possibility that Iran could put mines into one of the world’s most important shipping routes can deter commercial traffic and force the US military to maintain constant surveillance, former CENTCOM commander Joseph Votel told Iran International. “The mere…...
Fitch warns of GCC rating risk from Hormuz
1+ week, 2+ day ago (94+ words) MEED Fitch warns of GCC rating risk from Hormuz - Exclusive news, comment and analysis on the MENA region - Exclusive announcements on project news, bids, awards and updates Alternatively Login to your account US firm wins work on QatarEnergy NGL train…...
Saudi Arabia accuses Iran of attacking oil tanker Sidr in Strait of Hormuz, crew members killed
1+ week, 3+ day ago (548+ words) Saudi Arabia on Wednesday accused Iran of targeting the Saudi-flagged oil tanker Sidr while it was transiting the Strait of Hormuz, resulting in fatalities among its crew. In an official statement, Saudi Arabia's Ministry of Foreign Affairs strongly condemned the…...