There’s a particular moment in corporate life when a public company suddenly stops acting like a public company and starts signalling that it’s weighing its exit. ZIM hit that moment this month. The rejected take-private bid from its own CEO, Eli Glickman, together with shipowner Rami Ungar, wasn’t just another headline from a cyclical industry desperate for narrative oxygen. It was the clearest sign yet that insiders believe the market is undervaluing the company at what they see as a trough in the global logistics cycle.

There’s a certain shift in tone circulating through the industry right now—subtle, but noticeable to anyone watching vessel traffic patterns and freight indices. Maersk has confirmed that it plans to resume operations through the Red Sea and Suez Canal “as soon as conditions allow,” following nearly two years of rerouting vessels around the Cape of Good Hope due to maritime security risks linked to Houthi activity in the Bab-al-Mandab strait. The language remains cautious, but the intent is clear: the world’s second-largest container carrier is preparing for a phased return to one of global shipping’s most critical corridors.

EasyPost Enterprise combines cutting-edge technology with decades of industry experience LEHI, Utah, July 16, 2024 - EasyPost, a leader in shipping technology solutions, has announced the launch of the EasyPost Enterprise suite of solutions. Designed to meet the complex needs of high-performance shippers, the solution enables large organizations to simplify their shipping operations. With a focus on seamless integration, advanced analytics, and real-time processing, the new solution empowers businesses to handle over 1 million shipments per day with sub-second processing times.

The image portrays a bustling seaport, where a massive MSC container ship is docked. The ship is laden with multicolored shipping containers, meticulously stacked, reflecting the global nature of maritime trade. Smoke billows from the ship’s exhaust, a stark reminder of the environmental impact of traditional shipping fuels. This scene is framed by towering cranes, essential for the loading and unloading of cargo, and a distant cityscape shrouded in a light haze, indicating urban proximity and industrial activity.

Amogy, a provider of advanced ammonia-to-power solutions, and Mitsubishi Shipbuilding Co., Ltd. (MSB), a subsidiary of Mitsubishi Heavy Industries (MHI) Group, have successfully completed a feasibility study on the integration of onboard hydrogen production using Amogy’s ammonia-cracking technology and the Mitsubishi Ammonia Supply and Safety System (MAmmoSS®). This collaboration is part of a broader effort to meet the International Maritime Organization’s (IMO) target of net zero greenhouse gas (GHG) emissions in the maritime industry by or around 2050.

U.S. aircraft carriers are capable of passing through the Suez Canal, but it is a challenging and infrequent maneuver. The Suez Canal, which connects the Mediterranean Sea to the Red Sea, is a vital waterway for international maritime trade, but its dimensions and operational conditions impose certain restrictions on large vessels like aircraft carriers. The Suez Canal has a minimum width of 205 meters (673 feet) and a depth of about 24 meters (79 feet) after its most recent expansions.

The Houthi movement, formally known as Ansar Allah, has significantly escalated its threat to maritime trade, particularly around the Bab al Mandeb Strait, a crucial maritime choke point. This strategic location is vital for global shipping routes, and disruptions here can have far-reaching economic impacts. Since October 2023, following the Hamas attacks and Israel’s military response in Gaza, the Houthis have intensified their operations, targeting Israeli territory as well as commercial and naval vessels in the Red Sea.

Venture Global has announced the successful launch of its first LNG vessel, the Venture Gator, during a ceremony at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the inaugural ship of nine LNG carriers in the Venture Global fleet, set to be completed rapidly over the next 24 months across three South Korean shipyards. These vessels will transport LNG from the U.S. to various global partners and destinations.