A consortium led by the Italian shipping company Grimaldi Group has acquired a majority stake in the Heraklion Port Authority (HPA S.A.). The Italian group, through a consortium with Grimaldi Euromed SpA and Minoan Lines S.A., signed a share purchase agreement earlier this morning. The company acqui
Leading liner companies, including industry giants Maersk, MSC, CMA CGM, HMM, and OOCL, have suspended trading on their Red Sea trade routes. This decision comes in response to a series of targeted attacks on merchant ships operating in the region, raising alarms within the global shipping community
