ZIM Board Declines Management Buyout as Strategic Review Advances
ZIM Integrated Shipping Services has turned down a revised takeover proposal from a management-led group, saying the offer failed to reflect the company’s
Mike Schuler is the Managing Editor of gCaptain, where he has led editorial operations since June 2008. He oversees daily news coverage on global shipping, maritime security, offshore energy, and industry policy, and has built a reputation for delivering timely and insightful maritime news—often breaking key stories that influence industry discussions. Mike holds a Bachelor of Science in Business Administration with a focus on Financial Management from The Catholic University of America, and a certificate in Data Analytics and Visualization from the University of Arizona. Before joining gCaptain, he held positions at Intrawest Hospitality Management and Union Beer Distributors. His expertise spans supply chain and logistics, energy policy, global trade dynamics, and maritime security. Mike's reporting is known for its clarity, accuracy, and ability to explain complex maritime topics to broad audiences.
ZIM Integrated Shipping Services has turned down a revised takeover proposal from a management-led group, saying the offer failed to reflect the company’s
Singapore-based shipbuilder Seatrium Limited and an affiliate of Danish shipping giant Maersk have resolved a contentious contractual dispute over a nearly
Fincantieri Marinette Marine has appointed Kenneth J. Braithwaite, the 77th Secretary of the Navy and former U.S. ambassador to Norway, as Chairman of its
The Trump administration announced Monday an immediate pause on all large-scale offshore wind projects under construction in the United States, citing
The U.S.-blacklisted tanker Bella 1, reportedly targeted by U.S. forces near Venezuela this weekend, carries a sanctions history that stretches far beyond
Sixteen containers were lost in heavy seas near Portsmouth, prompting a safety investigation and widespread cleanup. he UK’s Marine Accident Investigation
The Federal Maritime Commission says Spain’s port access restrictions on Israel-linked cargoes may violate U.S. shipping laws, prompting consideration of
The New York State Energy Research and Development Authority announced a $300 million competitive solicitation on Friday to support maritime port development
The Port Authority of New York and New Jersey has secured a landmark lease extension through 2063 with Maher Terminals, the largest and busiest container
The U.S. Navy announced Friday a strategic shift in its surface combatant procurement, unveiling plans for a new frigate class based on Huntington Ingalls
The U.S. Senate confirmed Stephen Carmel as Administrator of the Maritime Administration on Thursday ending months of uncertainty over leadership at the agency
Danish shipping company Maersk MAERSKb.CO announced on Friday that one of its vessels successfully navigated the Red Sea and Bab el-Mandeb Strait for the
Improperly secured lithium-ion battery cargo triggered fires aboard the Genius Star XI during heavy weather on Christmas Day 2023, NTSB finds. Heavy weather
Five years after a catastrophic fire destroyed the USS Bonhomme Richard at a cost exceeding $3 billion, the U.S. Navy’s progress on fire safety during
Los Angeles and Long Beach are closing out 2025 near record cargo volumes after a tariff-driven import surge, even as frontloading fades and a weaker 2026
A coordinated wave of sanctions targeting Russia’s oil sector escalated dramatically on Thursday, with the United Kingdom announcing 24 new measures
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping new sanctions targeting Iran’s shadow fleet
Global container shipping rates jumped 12% this week to $2,182 per 40-foot container, marking the third consecutive weekly increase as carriers successfully
The European Union has imposed sanctions on 41 additional vessels belonging to Russia’s shadow fleet, marking a significant escalation in efforts to
A Ukrainian drone attack struck a tanker docked at the Russian port of Rostov-on-Don early Thursday, resulting in casualties among the ship’s crew and
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