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The Latest Breaking News from HapagLloyd

‘Huge build-up of risk’: London’s centuries-old shipping industry wrestles with Iran war

Insurers at Lloyd’s of London say cover is available at a price, while merchants view the danger level as too high

The Guardian - UK

ZIM’s $35 Buyout: An Arbitrage Play With a Solid Floor

ZIM Integrated Shipping Services presents a compelling investment case with its recent profitability and a pending all-cash acquisition offer.

MarketBeat

Trump Tells Oil Tanker Crews to 'Show Some Guts' Through Strait of Hormuz as Iran Conflict Sends Oil Prices Past $100

President Trump encourages oil tankers to resume operations through the Strait of Hormuz despite safety concerns, as global oil prices surge.

International Business Times UK

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Shipping Shock: ZIM Shareholders Secure Massive Cash Exit

ZIM shareholders secured a cash exit when Hapag-Lloyd agreed to acquire the shipping company at a premium valuation, reshaping the logistics sector.

MarketBeat

Stocks Make More Big Up and Down Moves: Stock Market Today

The impact of revolutionary technology has replaced world-changing trade policy as the major variable for markets, with mixed results for sectors and stocks.

Kiplinger

Hapag-Lloyd's Red Sea Route Decision Sparks Anticipation

Hapag-Lloyd, the titans of shipping, set to make waves with a pivotal decision on Red Sea routes between Israel and Palestine. The shipping stakes are high!

Top News

US announces naval coalition to defend Red Sea shipping from Houthi attacks

Egypt and Saudi Arabia notably absent from Operation Prosperity Guardian as more shipping companies forgo route

The Guardian - UK

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Can the US-led maritime force stop Yemen’s Houthi attacks during Gaza war?

Houthis say attacks won’t stop unless Israel’s do. Shipping industry doesn’t appear convinced task force can halt them.

Al Jazeera

Shipping Firms Suspend Red Sea Traffic After Yemen Rebel Strikes

Two of the world's largest shipping firms, Maersk and Hapag-Lloyd, said Friday they were suspending passage through a Red Sea strait vital for global commerce, after Yemeni rebel attacks in the area.

International Business Times

Ballistic missile fired from rebel-held Yemen strikes cargo ship in Red Sea

The incidents further escalate a campaign by Yemen's Iranian-backed Houthi rebels

Evening Standard

World’s largest shipping firm Maersk suspends Red Sea traffic after Houthi attacks

A ballistic missile fired by Yemen's Houthi rebels slammed into a cargo ship Friday in the Red Sea near the strategic Bab el-Mandeb Strait, following another attack only hours earlier that struck a separate vessel, authorities said.

France 24

How Much Money Do Shipping CEOs Make? Here's Their 2021 Pay Info

Managing ships is big business. It should come as no surprise that bosses of ship-operating companies are highly compensated. What may surprise you is that the CEOs with the largest fleets don't necessarily earn the highest compensation.

People

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