Singapore-based product tanker giant Hafnia, part of BW Group, acquired a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m, with many analysts suggesting this is the firing gun on a takeover bid to make a tanker company with more than 200 ships on the water. The Korea Shipowners’ Association hit out at reports the country’s top steel mill is being linked with taking over national flagship, HMM. Advisors from Samil PwC and Boston Consulting Group have been working with POSCO on feasibility studies for a deal that could be worth in the region of KRW7trn ($5bn), covering the combined 71.7% stake held by state creditors. ZIM Integrated Shipping Services has hired Wall Street advisory house Evercore to trawl for alternative buyers, as early signals from CEO Eli Glickman and long-time shipping investor Rami Unger, who emerged as keen buyers of the liner earlier this month, have failed to satisfy the board’s valuation expectations. ZIM Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among the top five copper players globally, with copper making up more than 70% of its portfolio. It will also retain positions in iron ore and zinc. Tor Olav Trøim is ramping up his return to the tanker business with plans to take a new VLCC venture public, backed by a roster of well-known shipping names. Trøim’s Oslo-listed vehicle Bruton is preparing to merge its two dual-fuel VLCC newbuildings at New Times Shipyard with a parallel pair of supertankers ordered by affiliate Andes Tankers, creating a pure-play VLCC platform. The move, supported by Troim’s Drew Holdings, Emanuele Lauro-led Scorpio, and Greek owner Peter Livanos, would give Trøim a modern four-ship fleet, with deliveries stretching into 2027. Bulgarian authorities arrested Igor Grechushkin, the Russian owner of the cargo ship tied to the 2,750 tonnes of ammonium nitrate that caused the catastrophic Beirut port explosion in August 2020. Japanese shipowner Nissen Kaiun has become a shareholder in Dutch wind tech pioneer Econowind. Econowind has developed the VentoFoil, a wing-shaped wind-assist device. Other Japanese shipowners have made significant investments in wind technology. Mitsui OSK Lines has been developing a hard sail over the past decade, while Kawasaki Kisen Kaisha is pursuing kite technology on a large scale. Econowind TagsSplash Extra September 2025