Latest maritime market updates and reports
Seatrade Maritime
Oldendorff Carriers has signed a five-year agreement with UAE-based Emsteel to transport 25 million tonnes of iron ore pellets, as reported by Seatrade Maritime. The deal, valued at AED600 million ($163 million), highlights a significant collaboration in the dry bulk shipping sector.
Splash247
Seaborne agricultural trade reached a record 716.5 million tonnes in 2025, marking a 1% increase from the previous year, as reported by Splash247. This growth is based on load dates and includes all cargoes and bulk carrier types, according to analysis from Ursa Shipbrokers.
Splash247
ZIM Integrated Shipping Services, a New York-listed Israeli carrier, has detailed the terms of its $4.2 billion sale to Hapag-Lloyd, as reported by Splash247. Shareholders are set to receive $35 per share in cash, representing a 58% premium to the company's closing share price on February 13, 2026.
Seatrade Maritime
Hapag-Lloyd is in advanced negotiations to acquire Zim, with discussions over Israel's special rights reportedly well advanced, according to Seatrade Maritime. The talks are part of a multi-billion dollar merger process.
gCaptain
A significant move by a South Korean tycoon has disrupted the oil market by acquiring a substantial share of the tanker sector, as reported by gCaptain. This strategic action was supported by one of the industry's wealthiest figures, highlighting the shifting dynamics in the oil transportation industry.
Seatrade Maritime
Seatrade Maritime reports that analysts have given Scorpio Tankers a favorable review following their Q4 results, highlighting the company's strong balance sheet, substantial cash reserves, and low breakeven rates. The positive assessment has led to increased target prices for the Scorpio fleet.
gCaptain
California is addressing its gasoline shortages by importing fuel from the Bahamas, as reported by gCaptain. This strategic move involves shipping US gasoline supplies thousands of miles to meet the state's demand.
gCaptain
Hapag-Lloyd AG is reportedly in advanced discussions to acquire Zim Integrated Shipping Services Ltd, as reported by gCaptain. The German shipping giant confirmed the talks on Sunday.
gCaptain
Valero Energy plans to import up to 6.5 million barrels of Venezuelan crude oil in March, potentially surpassing Chevron as the leading U.S. refiner of Venezuelan oil. This development follows the easing of sanctions after the capture of President Maduro, as reported by gCaptain.
Seatrade Maritime
Seatrade Maritime reports that AD Ports Group has achieved a 19% increase in profit, reaching AED584 million ($569 million), as its port holdings and fleets expand. The group's box volumes are projected to rise by 23% in 2025.
