A fatal cruise ship fire off Singapore claimed the life of one crew member on February 20. The blaze broke out aboard the Liberia-flagged MV World Legacy while the vessel was en route to Singapore.
French liner major CMA CGM has finalized an order for six LNG-powered containerships at Cochin Shipyard Limited. The deal expands the group’s footprint in India and supports its decarbonization roadmap.
Finland’s Godby Shipping has placed an order for two RoRo vessels at CIMC Raffles in China, with options for two additional units.
US-listed Greek owner Seanergy Maritime is accelerating its capesize newbuilding program, adding two bulk carriers at Chinese yards and raising its total investment in new tonnage to about $226m.
German container shipping major Hapag-Lloyd has confirmed advanced negotiations to acquire 100% of shares in Israeli rival ZIM Integrated Shipping Services in a deal reportedly worth up to $3.7bn.
Dubai-based ports and logistics major DP World has dismissed its long-serving chairman and CEO Sultan Ahmed bin Sulayem following the release of new documents by the US Department of Justice that reference his connections to convicted sex offender Jeffrey Epstein.
Greek shipping magnate Evangelos Marinakis is accelerating his VLCC fleet expansion, with Capital Maritime and Trading placing an order for 11 very large crude carriers at China’s Hengli Heavy Industry.