GERMAN SHIPPING FIRM

DSV and CVC emerge as top contenders for DB Schenker after Maersk exits. The potential deal could reshape Euro logistics, with Deutsche Bahn aiming to modernize operations through the sale.

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a $54 million contract with Germany-based shipping company Carsten Rehder Schiffsmakler und Reederei GmbH and Co. KG for the construction and delivery of four multi-purpose ca...

Zwickau, Germany, adapting to the electric vehicle revolution with Volkswagen's factory conversion, navigating through challenges while facing competition from Chinese electric carmakers, emphasizing the need for innovation and adjustments in the au...

Germany's Ambassador to India, Philipp Ackerman, has expressed full support for the negotiations between the German firm Thyssenkrupp Marine Systems and the Indian Navy for Project 75 India, which aims to build six new conventional submarines. The p...

Major shipping companies are warning that the security situation in the Red Sea is continuing to deteriorate, despite efforts by the west to limit attacks by Yemen’s Houthi rebels.

The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels. The U.S. and Britain launched dozens of air strikes against Houthi military targets overnigh...

The U.S. Navy issues a 72-hour warning for American-flagged vessels to avoid areas near Yemen after joint U.S.-UK airstrikes on Houthi rebels. The strikes aim to curb Houthi attacks on commercial ships in the Red Sea. President Biden warns of potent...

​Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day's heavy losses.

The world's top shipping companies, including Maersk and Hapag-Lloyd, stopped using Red Sea routes after Yemen's Houthi militant group began targeting vessels this month, disrupting global trade through the Suez Canal.

​The recent spate of attacks by Yemen’s Houthi rebels on vessels transiting the major shipping route has resulted in several large shipping companies avoiding the waterway.

Attacks on vessels by Iranian-backed Houthi militants in Yemen, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels.

The Swedish hygiene products maker is monitoring the situation and staying in contact with impacted suppliers to ensure continued flow of goods, but sees a limited impact as only a low percentage of its supplies move through the Suez Canal, the comp...

Two major shipping firms, Maersk and Hapag-Lloyd, suspend Red Sea passage due to Yemeni rebel attacks. Huthis target ships to pressure Israel amid Gaza conflict, raising fears of regional escalation. Attacks on vessels prompt shipping halts; US defe...

The official identified the vessel as the MSC Palatium III and said it remained unclear if anyone was hurt. The missile apparently was aimed at the Al Jasrah, which was set on fire by a projectile earlier Friday, the official said. Another missile l...

A Liberian-flagged cargo ship was struck by a projectile from rebel-controlled Yemen, causing a fire in the Red Sea, escalating attacks by Yemen's Houthi rebels amid tensions from the Israel-Hamas war. The assault adds to recent missile incidents ne...

German industry is looking for alternative transportation methods as the Rhine continues to experience low water levels, negatively impacting freight shipping. The Rhine is an essential commercial route for up to 80% of German inland goods transport...

Germany is caught in the middle of a diplomatic scuffle between China and the North America.

The UK's ministry of defence signed the pact with Pakistan Ordinance Factories recently, following which an ammunition consignment of 162 containers, including artillery rockets, was shipped from the Karachi Port to Ukraine via Germany in February, ...

Supplies of rockets were dispatched from the Karachi Port earlier this month and will enter Ukraine via Emden Port in Germany, said the people. More than 10,000 rockets meant for use in Grad multi-barrel rocket launchers have been shipped, they said...