Eli Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be about $20 per share, which would value Zim at $2.4 billion.

While liners will remain in the black this year, the growing capacity overhang and weak demand expectations will undermine rate-increasing efforts through 2026, analysts say.

Projected global growth of grid-scale installations over the next five years indicates cargo volumes will rise dramatically with the continued investment in solar and wind energy.

The Carney government outlined preliminary goals for a new logistics infrastructure fund that would help increase Canada’s trade outside of the US.

Freight forwarder sources believe ONE will attempt to tap US exports into the Middle East through Jebel Ali calls amid the ongoing slump in westbound volumes out of India.

All ship-to-shore cranes at Yusen Terminals were inspected and cargo handling resumed on the first shift Monday, according to Yusen’s CEO.

The injection of vessels appears to have peaked, but the capacity is overtaking market demand with little upward movement in rate levels on the westbound trade lane.

Breakbulk and project cargo shippers tapping FTZ and bonded warehouse storage to “tariff engineer.”

Not enough terminal investment in Europe has left ports unable to handle the rising demand, and there is no quick fix, according to analysts and carriers.

Months of frontloading explain the harsher-than-usual import slowdown in the final months of this year, but uncertain consumer sentiment and ever-changing US tariff policy are keeping retail inventories running lean.

The ocean carrier said it still needs approvals from insurers and others, but the ceasefire in Gaza appears to be holding.

While the conclusion of arbitration should provide more stability to shippers using Montreal, Canada’s other East Coast gateways will soon face their own contract negotiations.

A surge in replenishment activity in the US could turbocharge container shipping demand, while a wholesale return of container ships to Red Sea and Suez Canal transits would have a far-reaching market impact, speakers on a panel sponsored by the carrier said Wednesday.

A series of freight-all-kinds increases since Oct. 1 has held up the spot market on the trade, with carriers aiming to sustain the pricing momentum through Q4 contract talks.

As a result of that heightened overcapacity, spot rates on the trade lane are at their lowest since February while exports to the US East Coast fell sharply in October.

The carrier’s first direct service to Halifax comes as Canada looks to pivot its trade networks and as low water levels affect Montreal’s container business.

The consortium of nine liner carriers has launched its first product to facilitate the adoption of electronic bills of lading and other digital standards it is developing.

‘Spectacular’ growth at the Persian Gulf terminal has brought forward expansion plans that will increase handling capacity by almost 50%.

Cargo owners typically balk at paying more for ocean transport, but the significantly improving schedule reliability from the Maersk and Hapag-Lloyd partnership is getting the attention of the market.

Stephen Edwards’ five-year tenure at Norfolk is marked by major capacity expansions at its two marine terminals, along with new vessel and rail services.