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Due to illness, Michael Behrendt, a long-term servant to German liner giant Hapag-Lloyd, is cutting back his role at the Hamburg firm. Behrendt, 74, who was Hapag-Lloyd’s CEO for 12 years through 2014, and has been chairman of the supervisory board since then, will now become an ordinary member of the board. Taking his place …
https://splash247.com/hapag-lloyd-chairman-michael-behrendt-steps-back-for-health-reasons/
https://splash247.com/hapag-lloyd-chairman-michael-behrendt-steps-back-for-health-reasons/New York tanker broker McQuilling has bought Madrid-based Medco Shipbrokers for an undisclosed sum, the latest in a period of significant consolidation for the shipbroking sector. “This integration enhances our combined market presence, broadens our service capabilities, and strengthens the value we deliver to clients and counterparties worldwide. By aligning our expertise, relationships, and market …
https://splash247.com/mcquilling-buys-spanish-broker/
https://splash247.com/mcquilling-buys-spanish-broker/Capital Tankers Corp has increased the size of its Oslo private placement to $500m after strong investor demand, ahead of a planned listing on Euronext Growth Oslo next month. The tanker owner, backed by Capital Maritime & Trading Corp, said the share sale was multiple times oversubscribed, prompting the board to raise the primary offering …
https://splash247.com/marinakis-tanker-spin-off-boosts-oslo-ipo/
https://splash247.com/marinakis-tanker-spin-off-boosts-oslo-ipo/As geopolitics reshapes trade routes and volatility becomes structural rather than cyclical, shipping’s traditional reliance on market recoveries is no longer enough. Eman Abdalla, managing partner of SeaThrew Marine, a maritime investment and advisory platform, argues that discipline, flexibility and risk positioning – not scale alone – will define the industry’s next winners. Shipping has …
https://splash247.com/waiting-for-the-next-cycle-could-sink-your-shipping-strategy/
https://splash247.com/waiting-for-the-next-cycle-could-sink-your-shipping-strategy/France’s CMA CGM is filling a gap linking the world’s third largest economy with the continent of Europe, launching Ocean Rise Express (OCR), a new weekly direct service linking Japan and South China straight to North Europe, offering what the carrier says are the best transit times and improved schedule reliability on a key East-West …
https://splash247.com/cma-cgm-fills-gap-between-japan-and-europe/
https://splash247.com/cma-cgm-fills-gap-between-japan-and-europe/Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway. Last Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally impose sweeping global tariffs. In response, Trump …
https://splash247.com/splash-wrap-the-world-of-shipping-condensed/
https://splash247.com/splash-wrap-the-world-of-shipping-condensed/The Supervisory Board of AS Tallink Grupp has appointed Peep Jalakas as the new Chairman of the Management Board of the Group. His term will begin on April 6, 2026, and will last for three years. As of tomorrow, February 27, Margus Schults will…
https://www.marinelink.com/news/tallink-grupp-appoints-peep-jalakas-new-536267
https://www.marinelink.com/news/tallink-grupp-appoints-peep-jalakas-new-536267The U.S. Coast Guard has accepted delivery of the 62nd Fast Response Cutter, USCGC Vincent Danz (WPC 1162), in Key West.Danz was serving in the New York City Police Department, Emergency Services Unit, ESU Truck 3, when he responded to the World…
https://www.marinelink.com/news/us-coast-guard-takes-delivery-fast-536269
https://www.marinelink.com/news/us-coast-guard-takes-delivery-fast-536269Norwegian offshore services player Reach Subsea has secured a contract from Equinor, acting on behalf of gas infrastructure operator Gassco, to carry out external inspections on about 3,500 km of subsea pipelines. The work covers a large part of Gassco’s pipeline network in Norwegian waters and along export routes to Denmark, Germany and the UK. …
https://splash247.com/reach-subsea-lands-equinor-pipeline-survey-deal/
https://splash247.com/reach-subsea-lands-equinor-pipeline-survey-deal/Frankfurt-listed Ernst Russ is expanding its presence in the multipurpose segment with the acquisition of two modern heavylift vessels fixed on long-term charters. The Hamburg-based owner has bought the 12,500 dwt MPPs Ronnie and Charlie, both of which will be chartered to dship Carriers for seven years. The ships are scheduled for delivery in the …
https://splash247.com/ernst-russ-bolsters-mpp-fleet/
https://splash247.com/ernst-russ-bolsters-mpp-fleet/