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Maersk Line Completes Hamburg Süd Acquisition

A year after the acquisition announcement, Maersk Line has completed the transaction, securing their purchase of rival shipping company Hamburg Süd for $4 billion. 105 Hamburg vessels will bring Maersk’s total fleet up to 772 with nearly a 20% share of global fleet capacity. The final approval of the acquisition…...

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China Shipping Industry Gets Boost With Ocean Drones

Historically, China is not as closely associated with the ocean as Western countries, but they are getting much closer with the help of startup company Oceanalpha Co. Ltd. Founder and president of the company, Yunfei Zhang, along with the support of government contracts, has turned what was once an academic…...

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USMMA Alumni Release Commemorative Video

Alumni of the United States Merchant Marine Academy (USMMA) have released a video to commemorate the 75th anniversary of the institution and memorialize midshipmen who have died in service to their nation. Over the summer, the USMMA Alumni Association and Foundation (USMMA-AAF) has been executing a campaign designed to remind…...

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