The world's third largest container shipping company CMA CGM continues its strategic commitment to build a global logistics business. CMA CGM acquires large US logistics company with a turnover of USD 1.7 billion and 11,500 employees.

High demand and a shortage of vessels in the heavy lift sector result in a brimming orderbook and solid optimism at United Heavy Lift. "The market we've seen this year is fantastic," says Managing Director Andreas Rolner.

EU plans to incorporate shipping in its CO2 quota system, but the EU's proposal is too soft to ensure decarbonization, according to report published by consultancy. Without a steep price on CO2, the EU merely promotes the cheapest fuel savings.

Germany's new government was officially installed today. According to German media, coalition parties have struck a secret deal related to the state-owned Deutsche Bahn's divestment of DSV rival DB Schenker. DSV has previously expressed interest in a purchase.

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.