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International Maritime

Hapag Lloyd Set To Buy SAAM Port Terminals At $1bn Deal

Chile-based SAAM has agreed to sell its port terminals and logistics operations to Hapag-Lloyd in a whooping $1bn transaction. The deal includes 100% of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics…

MACN Canvasses  Collaboration With Suez Canal Authority

The Maritime Anti-Corruption Network (MACN) is aiming to build collaboration and cooperation with Suez Canal Authority (SCA). MACN CEO, Cecilia Müller Torbrand met with Suez Canal Authority and Chairman and Managing Director, Adm…

Suez Canal To Hike Transit Tolls In 2023

Chairman and Managing Director of the Suez Canal Authority SCA, Adm. Ossama Rabiee, has announced that transit toll will increases from January 2023 . The MD made this announcement at the weekend . According to the SCA the increases…