On May 5, German defense contractor Rheinmetall officially confirmed that it is in talks with global shipping giant MSC to acquire the historic Mangalia shipyard, which filed for bankruptcy last month.In fact, MSC had been eyeing the deal for some time. It extended an olive branch a year ago, when t

This story begins during the pandemic.The shipping industry is in a complete mess, with shipping space being more valuable than gold. Bed Bath & Beyond signed a long-term contract with OOCL, but OOCL only offered 70% or even lower space availability. As a result, BB&B had to scramble for spa

On the afternoon of May 4, the bulk carrier “HMM Namu,” operated by South Korea's HMM, suddenly exploded and caught fire while anchored in waters near the United Arab Emirates. There were 24 crew members on board, including six South Koreans; fortunately, no one was injured.The ship, which fli

According to Xinhua News, on April 28th, the "Changguan" vessel of Evergreen entered Tianjin Port, marking the official launch of the new direct route from the US West Coast to China, known as the CPS route, operated by the Ocean Alliance. This route, which connects Tianjin, Qingdao, Shang

Kuehne + Nagel recently held a performance meeting. The cost-cutting and efficiency-boosting plan they initiated last autumn has already resulted in the layoff of 2,000 employees, and they have made it clear that there will be no further layoffs due to this plan in the second and third quarters.Chie